Midas Minerals (ASX:MM1) Price-to-Tangible-Book : 0.56 (As of May. 31, 2024)

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What is Midas Minerals Price-to-Tangible-Book?

As of today (2024-05-31), Midas Minerals's share price is A$0.065. Midas Minerals's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was A$0.12. Hence, Midas Minerals's Price to Tangible Book Ratio of today is 0.56.

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

ASX:MM1' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.93 Med: 1.82 Max: 1.97
Current: 0.93

During the past 4 years, Midas Minerals's highest Price to Tangible Book Ratio was 1.97. The lowest was 0.93. And the median was 1.82.

ASX:MM1's Price-to-Tangible-Book is ranked better than
64.84% of 2221 companies
in the Metals & Mining industry
Industry Median: 1.38 vs ASX:MM1: 0.93

A closely related ratio is called PB Ratio. As of today, Midas Minerals's share price is A$0.065. Midas Minerals's Book Value per Sharefor the quarter that ended in Jun. 2023 was A$0.12. Hence, Midas Minerals's P/B Ratio of today is 0.56.

Midas Minerals Price-to-Tangible-Book Historical Data

The historical data trend for Midas Minerals'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.

Midas Minerals Price-to-Tangible-Book Chart

Midas Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.07

1.82

1.97

Midas Minerals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	1.07	1.57	1.82	2.84	1.97

Competitive Comparison of Midas Minerals's Price-to-Tangible-Book

For the Other Precious Metals & Mining subindustry, Midas Minerals'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.

Midas Minerals's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

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

Midas Minerals Price-to-Tangible-Book Calculation

Midas Minerals's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	0.065	/	0.116
	=	0.56

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.

Midas Minerals Price-to-Tangible-Book Related Terms

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

Midas Minerals (ASX:MM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Midas Minerals Ltd (ASX:MM1) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Richardson Street, Level 2, West Perth, Perth, WA, AUS, 6005

Website

https://www.midasminerals.com

Midas Minerals Ltd is an emerging mineral exploration company focused on advancing projects in the prospective Yilgarn Craton of Western Australia. Its primary focus is gold however, the Weebo project is also prospective for nickel and the Challa project has potential for, copper, nickel, base metals, silver, and lithium.

Midas Minerals (ASX:MM1) Headlines

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