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NEM (Newmont) Price-to-Tangible-Book : 1.93 (As of Oct. 31, 2024)


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What is Newmont Price-to-Tangible-Book?

As of today (2024-10-31), Newmont's share price is $45.44. Newmont's Tangible Book per Share of Sep. 2024 for the quarter that ended in Sep. 2024 was $23.59. Hence, Newmont's Price to Tangible Book Ratio of today is 1.93.

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

NEM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.75   Med: 1.84   Max: 3.37
Current: 1.93

During the past 13 years, Newmont's highest Price to Tangible Book Ratio was 3.37. The lowest was 0.75. And the median was 1.84.

NEM's Price-to-Tangible-Book is ranked worse than
62.47% of 2185 companies
in the Metals & Mining industry
Industry Median: 1.39 vs NEM: 1.93

A closely related ratio is called PB Ratio. As of today, Newmont's share price is $45.44. Newmont's Book Value per Sharefor the quarter that ended in Sep. 2024 was $25.97. Hence, Newmont's P/B Ratio of today is 1.75.


Newmont Price-to-Tangible-Book Historical Data

The historical data trend for Newmont'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.

Newmont Price-to-Tangible-Book Chart

Newmont Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.87 2.37 2.55 2.15 1.83

Newmont Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.72 1.83 1.58 1.81 2.27

Competitive Comparison of Newmont's Price-to-Tangible-Book

For the Gold subindustry, Newmont'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.


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

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

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



Newmont Price-to-Tangible-Book Calculation

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

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Sep. 2024 )
=45.44/23.594
=1.93

* 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.

It can also be calculated from the numbers for the whole company:

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.


Newmont Price-to-Tangible-Book Related Terms

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


Newmont Business Description

Address
6900 E Layton Avenue, Suite 700, Denver, CO, USA, 80237
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
Executives
Thomas Ronald Palmer director, officer: President & CEO 6363 S FIDDLERS GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Peter Toth officer: EVP, Strategic Development 7900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237
Joshua Cage officer: Interim Controller and CAO 6900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237
Robert D Atkinson officer: EVP & COO 6363 S FIDDLERS GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Philip Aiken director 6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Sally-anne Layman director 6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Mark David Ebel officer: Interim Chief Legal Officer 6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Natascha Viljoen officer: EVP & COO 6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Suzanne P Retallack officer: CSSO 6900 E. LAYTON AVENUE, SUITE 700, DENVER CO 80237
Karyn F. Ovelmen officer: EVP & CFO STATIONSPLEIN 45, ROTTERDAM P7 3013AK
Aaron Puna officer: EVP & CTO 6900 E. LAYTON AVE., SUITE 700, DENVER CO 80237
Mark Casper officer: Acting CTO 7900 E LAYTON AVENUE, SUITE 700, DENVER CO 80237
Nancy Buese officer: EVP & CFO 1515 ARAPAHOE STREET, DENVER CO 80202-2126
Stephen P Gottesfeld officer: EVP and Chief S&EA Officer 6363 SOUTH FIDDLER'S GREEN CIRCLE, GREENWOOD VILLAGE CO 80111
Bruce R Brook director 6363 SOUTH FIDDLER'S GREEN CIRCLE, GREENWOOD VILLAGE CO 80111