Heavy Rare Earths (ASX:HRE) Price-to-Tangible-Book : 0.53 (As of May. 22, 2024)

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What is Heavy Rare Earths Price-to-Tangible-Book?

As of today (2024-05-22), Heavy Rare Earths's share price is A$0.038. Heavy Rare Earths's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.07. Hence, Heavy Rare Earths's Price to Tangible Book Ratio of today is 0.53.

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

ASX:HRE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.53 Med: 0.99 Max: 1.14
Current: 0.54

During the past 1 years, Heavy Rare Earths's highest Price to Tangible Book Ratio was 1.14. The lowest was 0.53. And the median was 0.99.

ASX:HRE's Price-to-Tangible-Book is ranked better than
82.79% of 2220 companies
in the Metals & Mining industry
Industry Median: 1.38 vs ASX:HRE: 0.54

A closely related ratio is called PB Ratio. As of today, Heavy Rare Earths's share price is A$0.038. Heavy Rare Earths's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.07. Hence, Heavy Rare Earths's P/B Ratio of today is 0.53.

Heavy Rare Earths Price-to-Tangible-Book Historical Data

The historical data trend for Heavy Rare Earths'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.

Heavy Rare Earths Price-to-Tangible-Book Chart

Heavy Rare Earths Annual Data

Trend

Jun23

Price-to-Tangible-Book

1.14

Heavy Rare Earths Semi-Annual Data
	Jun22	Jun23	Dec23
Price-to-Tangible-Book	-	1.14	0.83

Competitive Comparison of Heavy Rare Earths's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Heavy Rare Earths'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.

Heavy Rare Earths's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Heavy Rare Earths's Price-to-Tangible-Book falls into.

Heavy Rare Earths Price-to-Tangible-Book Calculation

Heavy Rare Earths's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.038	/	0.072
	=	0.53

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.

Heavy Rare Earths Price-to-Tangible-Book Related Terms

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

Heavy Rare Earths (ASX:HRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heavy Rare Earths Ltd (ASX:HRE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

459 Collins Street, Level 21, Melbourne, VIC, AUS, 3000

Website

https://www.hreltd.com.au

Heavy Rare Earths Ltd is an Australian rare earth exploration company with projects in Western Australia and the Northern Territory. The firm's key exploration project is Cowalinya in Western Australia. This is a clay-hosted rare earth project. It holds interest in Duke rare earth project. Rare earth materials are used in a wide array of technology and future-facing applications, including smartphones, wind energy, and hybrid and electric vehicles.

Heavy Rare Earths (ASX:HRE) Headlines

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