Snow Lake Resources (Snow Lake Resources) Price-to-Tangible-Book : 0.97 (As of May. 11, 2024)

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What is Snow Lake Resources Price-to-Tangible-Book?

As of today (2024-05-11), Snow Lake Resources's share price is $0.86. Snow Lake Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.89. Hence, Snow Lake Resources's Price to Tangible Book Ratio of today is 0.97.

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

LITM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.97 Med: 1.83 Max: 3.58
Current: 0.97

During the past 5 years, Snow Lake Resources's highest Price to Tangible Book Ratio was 3.58. The lowest was 0.97. And the median was 1.83.

LITM's Price-to-Tangible-Book is ranked better than
62.69% of 2230 companies
in the Metals & Mining industry
Industry Median: 1.35 vs LITM: 0.97

A closely related ratio is called PB Ratio. As of today, Snow Lake Resources's share price is $0.86. Snow Lake Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.89. Hence, Snow Lake Resources's P/B Ratio of today is 0.97.

Snow Lake Resources Price-to-Tangible-Book Historical Data

The historical data trend for Snow Lake 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.

Snow Lake Resources Price-to-Tangible-Book Chart

Snow Lake Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

1.56

2.44

Snow Lake Resources Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial					3.58	1.56	1.83	2.44	1.32

Competitive Comparison of Snow Lake Resources's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Snow Lake 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.

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

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

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

Snow Lake Resources Price-to-Tangible-Book Calculation

Snow Lake 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 )
	=	0.86	/	0.889
	=	0.97

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.

Snow Lake Resources Price-to-Tangible-Book Related Terms

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

Snow Lake Resources (Snow Lake Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Snow Lake Resources Ltd (NAS:LITM) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 Main Street, 30th Floor, Winnipeg, MB, CAN, R3C 4G1

Website

https://www.snowlakelithium.com

Snow Lake Resources Ltd is an exploration stage mining company engaged in lithium exploration in the province of Manitoba, Canada. Its primary focus is currently conducting exploration for lithium at Thompson Brothers Lithium Project.