Taiton Resources (ASX:T88) Price-to-Tangible-Book : 1.20 (As of May. 30, 2024)

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

As of today (2024-05-30), Taiton Resources's share price is A$0.095. Taiton Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.08. Hence, Taiton Resources's Price to Tangible Book Ratio of today is 1.20.

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

ASX:T88' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.01 Med: 1.93 Max: 2.4
Current: 1.19

During the past 2 years, Taiton Resources's highest Price to Tangible Book Ratio was 2.40. The lowest was 1.01. And the median was 1.93.

ASX:T88's Price-to-Tangible-Book is ranked better than
59.93% of 2221 companies
in the Metals & Mining industry
Industry Median: 1.38 vs ASX:T88: 1.19

A closely related ratio is called PB Ratio. As of today, Taiton Resources's share price is A$0.095. Taiton Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.08. Hence, Taiton Resources's P/B Ratio of today is 1.20.

Taiton Resources Price-to-Tangible-Book Historical Data

The historical data trend for Taiton 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.

Taiton Resources Price-to-Tangible-Book Chart

Taiton Resources Annual Data

Trend

Jun22

Jun23

Price-to-Tangible-Book

1.93

Taiton Resources Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	-	-	2.40	1.93	1.14

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

For the Other Precious Metals & Mining subindustry, Taiton 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.

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

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

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

Taiton Resources Price-to-Tangible-Book Calculation

Taiton 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 )
	=	0.095	/	0.079
	=	1.20

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.

Taiton Resources Price-to-Tangible-Book Related Terms

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

Taiton Resources (ASX:T88) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Taiton Resources Ltd (ASX:T88) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Queen Street, Level 13, Melbourne, VIC, AUS, 3000

Website

https://www.taiton.com.au

Taiton Resources Ltd is an early-stage mineral exploration focussed on discovering large-scale mineral deposits in South Australia and Western Australia. The firm has a focus on Australian gold and other polymetallic commodities. It holds interest in Lake Barlee Project, Highway Project, and Challenger West Prospect.

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