Redcastle Resources (ASX:RC1) Price-to-Tangible-Book : 2.09 (As of May. 26, 2024)

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

As of today (2024-05-26), Redcastle Resources's share price is A$0.023. Redcastle Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.01. Hence, Redcastle Resources's Price to Tangible Book Ratio of today is 2.09.

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

ASX:RC1' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.92 Med: 1.75 Max: 3.27
Current: 2.09

During the past 13 years, Redcastle Resources's highest Price to Tangible Book Ratio was 3.27. The lowest was 0.92. And the median was 1.75.

ASX:RC1's Price-to-Tangible-Book is ranked better than
66.47% of 2085 companies
in the Software industry
Industry Median: 3.55 vs ASX:RC1: 2.09

A closely related ratio is called PB Ratio. As of today, Redcastle Resources's share price is A$0.023. Redcastle Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.01. Hence, Redcastle Resources's P/B Ratio of today is 2.09.

Redcastle Resources Price-to-Tangible-Book Historical Data

The historical data trend for Redcastle 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.

Redcastle Resources Price-to-Tangible-Book Chart

Redcastle Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.11

1.91

3.27

1.14

0.92

Redcastle Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.40	1.14	0.92	0.92	1.18

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

For the Software - Application subindustry, Redcastle 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.

Redcastle Resources's Price-to-Tangible-Book Distribution in the Software Industry

For the Software industry and Technology sector, Redcastle Resources's Price-to-Tangible-Book distribution charts can be found below:

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

Redcastle Resources Price-to-Tangible-Book Calculation

Redcastle 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 )
	=	0.023	/	0.011
	=	2.09

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.

Redcastle Resources Price-to-Tangible-Book Related Terms

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

Redcastle Resources (ASX:RC1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Redcastle Resources Ltd (ASX:RC1) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

23 Railway Road, Suite 11/12, Level 2, Subiaco, Perth, WA, AUS, 6008

Website

https://www.tt-limited.com

Redcastle Resources Ltd is engaged in the development of the E-Collate software system for sharing and organizing business documentation. E-Collate is developing communication platforms and data systems to link multi-source data and provide meaningful information for efficient decision-making. The core multi-source data collation and decision support systems and platforms have application across a variety of industry sectors and consumer groups including consumer, business, and enterprise. Interest income is the major source of revenue for the company.

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