Patriot Lithium (ASX:PAT) Price-to-Tangible-Book : 1.95 (As of May. 26, 2024)

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What is Patriot Lithium Price-to-Tangible-Book?

As of today (2024-05-26), Patriot Lithium's share price is A$0.082. Patriot Lithium's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.04. Hence, Patriot Lithium's Price to Tangible Book Ratio of today is 1.95.

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

ASX:PAT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.88 Med: 3.7 Max: 4.29
Current: 2.05

During the past 2 years, Patriot Lithium's highest Price to Tangible Book Ratio was 4.29. The lowest was 1.88. And the median was 3.70.

ASX:PAT's Price-to-Tangible-Book is ranked worse than
65.24% of 2221 companies
in the Metals & Mining industry
Industry Median: 1.38 vs ASX:PAT: 2.05

A closely related ratio is called PB Ratio. As of today, Patriot Lithium's share price is A$0.082. Patriot Lithium's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.04. Hence, Patriot Lithium's P/B Ratio of today is 1.95.

Patriot Lithium Price-to-Tangible-Book Historical Data

The historical data trend for Patriot Lithium'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.

Patriot Lithium Price-to-Tangible-Book Chart

Patriot Lithium Annual Data

Trend

Jun22

Jun23

Price-to-Tangible-Book

3.70

Patriot Lithium Semi-Annual Data
	Dec22	Jun23	Dec23
Price-to-Tangible-Book	2.39	3.70	4.29

Competitive Comparison of Patriot Lithium's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Patriot Lithium'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.

Patriot Lithium's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

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

Patriot Lithium Price-to-Tangible-Book Calculation

Patriot Lithium's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.082	/	0.042
	=	1.95

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.

Patriot Lithium Price-to-Tangible-Book Related Terms

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

Patriot Lithium (ASX:PAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Patriot Lithium Ltd (ASX:PAT) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Milligan Street, Level 3, Perth, WA, AUS, 6000

Website

https://www.patriot-lithium.com

Patriot Lithium Ltd is focused on acquiring, exploring and developing lithium projects in South Dakota, Wyoming and Arizona in the United States of America. The company has three project areas, namely the Keystone Project comprising of 255 unpatented lode mining claims, the Tinton West Project comprising the TSD Claim Group of 20 unpatented lode mining claims and the TW Claim Group of 49 unpatented lode mining claims, and the Wickenburg Project comprising of 347 unpatented lode mining claims. The company is also engaged in the Ontario Lithium project.

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