Midnight Sun Mining (TSXV:MMA) Price-to-Tangible-Book : 4.15 (As of May. 24, 2024)

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What is Midnight Sun Mining Price-to-Tangible-Book?

As of today (2024-05-24), Midnight Sun Mining's share price is C$0.39. Midnight Sun Mining's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.09. Hence, Midnight Sun Mining's Price to Tangible Book Ratio of today is 4.15.

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

TSXV:MMA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.9 Med: 2.49 Max: 6.38
Current: 4.33

During the past 13 years, Midnight Sun Mining's highest Price to Tangible Book Ratio was 6.38. The lowest was 0.90. And the median was 2.49.

TSXV:MMA's Price-to-Tangible-Book is ranked worse than
83.84% of 2222 companies
in the Metals & Mining industry
Industry Median: 1.38 vs TSXV:MMA: 4.33

A closely related ratio is called PB Ratio. As of today, Midnight Sun Mining's share price is C$0.39. Midnight Sun Mining's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.09. Hence, Midnight Sun Mining's P/B Ratio of today is 4.15.

Midnight Sun Mining Price-to-Tangible-Book Historical Data

The historical data trend for Midnight Sun Mining'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.

Midnight Sun Mining Price-to-Tangible-Book Chart

Midnight Sun Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.93

6.38

2.23

2.17

2.71

Midnight Sun Mining Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															2.17	6.36	6.10	6.34	2.71

Competitive Comparison of Midnight Sun Mining's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Midnight Sun Mining'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.

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

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

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

Midnight Sun Mining Price-to-Tangible-Book Calculation

Midnight Sun Mining's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.39	/	0.094
	=	4.15

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.

Midnight Sun Mining Price-to-Tangible-Book Related Terms

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

Midnight Sun Mining (TSXV:MMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Midnight Sun Mining Corp (TSXV:MMA) » Definitions » Price-to-Tangible-Book

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Traded in Other Exchanges

MDNGF:USA

Address

789 West Pender Street, Suite 770, Vancouver, BC, CAN, V6C 1H2

Website

https://www.midnightsunmining.com

Midnight Sun Mining Corp is an exploration-stage company. The company is engaged in the acquisition and exploration of mineral property interests. It focuses on the exploration and discovery of copper deposits in the prolific Zambian-Congo Copperbelt. The company's mineral exploration in Zambia is located directly adjacent to the largest copper mine in Africa - First Quantum Minerals' Kansanshi copper/gold mine. It has one reportable operating segment, which is the acquisition and exploration of mineral properties.

Executives

Allan John Fabbro

10% Security Holder, Director, Senior Officer

Midnight Sun Mining (TSXV:MMA) Headlines

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