Tolu Minerals (ASX:TOK) Price-to-Tangible-Book : 3.40 (As of May. 12, 2024)

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

As of today (2024-05-12), Tolu Minerals's share price is A$0.51. Tolu Minerals's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was A$0.15. Hence, Tolu Minerals's Price to Tangible Book Ratio of today is 3.40.

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

ASX:TOK' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.33 Med: 3.33 Max: 3.4
Current: 3.4

During the past 4 years, Tolu Minerals's highest Price to Tangible Book Ratio was 3.40. The lowest was 3.33. And the median was 3.33.

ASX:TOK's Price-to-Tangible-Book is ranked worse than
79.64% of 2230 companies
in the Metals & Mining industry
Industry Median: 1.35 vs ASX:TOK: 3.40

A closely related ratio is called PB Ratio. As of today, Tolu Minerals's share price is A$0.51. Tolu Minerals's Book Value per Sharefor the quarter that ended in Dec. 2023 was A$0.15. Hence, Tolu Minerals's P/B Ratio of today is 3.40.

Tolu Minerals Price-to-Tangible-Book Historical Data

The historical data trend for Tolu 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.

Tolu Minerals Price-to-Tangible-Book Chart

Tolu Minerals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

3.33

Tolu Minerals Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Price-to-Tangible-Book	-	-	-	3.33

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

For the Other Precious Metals & Mining subindustry, Tolu 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.

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

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

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

Tolu Minerals Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.51	/	0.15
	=	3.40

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.

Tolu Minerals Price-to-Tangible-Book Related Terms

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

Tolu Minerals (ASX:TOK) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 5, Ground Floor, Turumu Haus, Spring Garden, Gordons, Moresby North East, Port Moresby, PNG, 121

Website

https://www.toluminerals.com

Tolu Minerals Ltd is an emerging exploration company with rights to three significant gold and silver and copper resource opportunities in PNG. Its projects include the Tolukuma Gold Mine, the Tolukuma Gold Mine, and the Mt Penck Tenement.