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Quebec Rare Earth Elements (XCNQ:QREE) Price-to-Tangible-Book : 1.49 (As of May. 12, 2024)


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What is Quebec Rare Earth Elements Price-to-Tangible-Book?

As of today (2024-05-12), Quebec Rare Earth Elements's share price is C$0.155. Quebec Rare Earth Elements's Tangible Book per Share of Jan. 2024 for the quarter that ended in Jan. 2024 was C$0.10. Hence, Quebec Rare Earth Elements's Price to Tangible Book Ratio of today is 1.49.

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

XCNQ:QREE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.03   Med: 0.19   Max: 3.56
Current: 1.49

During the past 13 years, Quebec Rare Earth Elements's highest Price to Tangible Book Ratio was 3.56. The lowest was 0.03. And the median was 0.19.

XCNQ:QREE's Price-to-Tangible-Book is ranked worse than
55.25% of 2230 companies
in the Metals & Mining industry
Industry Median: 1.35 vs XCNQ:QREE: 1.49

A closely related ratio is called PB Ratio. As of today, Quebec Rare Earth Elements's share price is C$0.155. Quebec Rare Earth Elements's Book Value per Sharefor the quarter that ended in Jan. 2024 was C$0.10. Hence, Quebec Rare Earth Elements's P/B Ratio of today is 1.49.


Quebec Rare Earth Elements Price-to-Tangible-Book Historical Data

The historical data trend for Quebec Rare Earth Elements'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.

Quebec Rare Earth Elements Price-to-Tangible-Book Chart

Quebec Rare Earth Elements Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.07 0.38 0.09 2.80

Quebec Rare Earth Elements Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 0.27 2.80 1.82 1.37 0.63

Competitive Comparison of Quebec Rare Earth Elements's Price-to-Tangible-Book

For the Other Industrial Metals & Mining subindustry, Quebec Rare Earth Elements'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.


Quebec Rare Earth Elements's Price-to-Tangible-Book Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Quebec Rare Earth Elements's Price-to-Tangible-Book falls into.



Quebec Rare Earth Elements Price-to-Tangible-Book Calculation

Quebec Rare Earth Elements's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Jan. 2024 )
=0.155/0.104
=1.49

* 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.


Quebec Rare Earth Elements Price-to-Tangible-Book Related Terms

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


Quebec Rare Earth Elements (XCNQ:QREE) Business Description

Traded in Other Exchanges
Address
217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2
Quebec Rare Earth Elements Corp is a junior exploration company targeting gold, silver, platinum, and palladium in some of the most active exploration districts in Canada. Its flagship asset, the Starr Project, is host to multiple high-grade gold and silver discoveries that have been identified through trenching, bulk sampling, and diamond drilling. In addition, the company is one of the landholders in the rapidly advancing Marathon/Thunder Bay North area mining districts where Generation Mining and Clean Air Metals are advancing their sizable high grade platinum-palladium +/- copper-nickel-silver-gold projects. The company also holds sizable land positions in British Columbia's Golden Triangle.
Executives
John Warren Jentz 10% Security Holder, Director