Forrestania Resources (ASX:FRS) Price-to-Tangible-Book : 0.34 (As of May. 17, 2024)

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What is Forrestania Resources Price-to-Tangible-Book?

As of today (2024-05-17), Forrestania Resources's share price is A$0.018. Forrestania Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.05. Hence, Forrestania Resources's Price to Tangible Book Ratio of today is 0.34.

The historical rank and industry rank for Forrestania Resources's Price-to-Tangible-Book or its related term are showing as below:

ASX:FRS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.36 Med: 0.9 Max: 1.96
Current: 0.36

During the past 2 years, Forrestania Resources's highest Price to Tangible Book Ratio was 1.96. The lowest was 0.36. And the median was 0.90.

ASX:FRS's Price-to-Tangible-Book is ranked better than
92.41% of 2227 companies
in the Metals & Mining industry
Industry Median: 1.37 vs ASX:FRS: 0.36

A closely related ratio is called PB Ratio. As of today, Forrestania Resources's share price is A$0.018. Forrestania Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.05. Hence, Forrestania Resources's P/B Ratio of today is 0.34.

Forrestania Resources Price-to-Tangible-Book Historical Data

The historical data trend for Forrestania Resources's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Forrestania Resources Price-to-Tangible-Book Chart

Forrestania Resources Annual Data

Trend

Jun22

Jun23

Price-to-Tangible-Book

0.75

0.90

Forrestania Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	1.96	0.75	1.10	0.90	0.57

Competitive Comparison of Forrestania Resources's Price-to-Tangible-Book

For the Other Precious Metals & Mining subindustry, Forrestania Resources's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Forrestania Resources's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Forrestania Resources's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Forrestania Resources's Price-to-Tangible-Book falls into.

Forrestania Resources Price-to-Tangible-Book Calculation

Forrestania Resources's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.018	/	0.053
	=	0.34

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Forrestania Resources Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Forrestania Resources's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Forrestania Resources (ASX:FRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Forrestania Resources Ltd (ASX:FRS) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

38 Colin Street, Suite 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.forrestaniaresources.com.au

Forrestania Resources Ltd is a mineral exploration and development company. It explores gold, lithium, and other minerals. Its projects include the Forrestania project; Southern Cross Project and Leonora. Leonora's project includes soil sampling programs at bounty east and great southern.

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