E-Tech Resources (TSXV:REE) Price-to-Tangible-Book : 1.08 (As of Jun. 08, 2024)

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What is E-Tech Resources Price-to-Tangible-Book?

As of today (2024-06-08), E-Tech Resources's share price is C$0.055. E-Tech Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.05. Hence, E-Tech Resources's Price to Tangible Book Ratio of today is 1.08.

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

TSXV:REE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.78 Med: 2.12 Max: 17.86
Current: 1.1

During the past 6 years, E-Tech Resources's highest Price to Tangible Book Ratio was 17.86. The lowest was 0.78. And the median was 2.12.

TSXV:REE's Price-to-Tangible-Book is ranked better than
58.24% of 2220 companies
in the Metals & Mining industry
Industry Median: 1.355 vs TSXV:REE: 1.10

A closely related ratio is called PB Ratio. As of today, E-Tech Resources's share price is C$0.055. E-Tech Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.05. Hence, E-Tech Resources's P/B Ratio of today is 1.08.

E-Tech Resources Price-to-Tangible-Book Historical Data

The historical data trend for E-Tech 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.

E-Tech Resources Price-to-Tangible-Book Chart

E-Tech Resources Annual Data

Trend

Apr18

Apr19

Apr20

Apr21

Mar22

Mar23

Price-to-Tangible-Book

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2.12

0.80

7.35

2.85

1.61

E-Tech Resources Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.03	1.61	1.20	1.15	0.78

Competitive Comparison of E-Tech Resources's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, E-Tech 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.

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

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

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

E-Tech Resources Price-to-Tangible-Book Calculation

E-Tech 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 )
	=	0.055	/	0.051
	=	1.08

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.

E-Tech Resources Price-to-Tangible-Book Related Terms

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