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Golconda Gold Ltd. engages in the exploration, development, and operation of gold mining properties in Canada, the United States, and South Africa. It operates the Galaxy Property situated in the Repu...
The following section summarizes insights on Golconda Gold Ltd.'s Price / Book:
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Price / Book in the valuation category include:
Compares a firm's market value of equity to the amount of common equity listed on the balance sheet.
Price to Book is defined as:
Price / Book = Market Cap / Common Equity
Applying this formula, Golconda Gold’s Price / Book is calculated below:
Market Capitalization [ $15.901 M ]
(/) Common Equity [ $29.445 M ]
(=) Price / Book [ 0.5x ]
Price / Book (P/B) also known as the price-to-book ratio, or P/B ratio, is a financial ratio that compares a company’s current market cap to its book value. It is the inverse of Book to Market and the same as Market Cap / Book Value.
The tables below summarizes the trend in Golconda Gold’s price / book over the last five years:
| Date | Market Cap | Book Value | Price / Book |
|---|---|---|---|
| 2019-12-31 | 11.441 M | 12.919 M | 0.9 |
| 2020-12-31 | 55.459 M | 23.814 M | 2.3 |
| 2021-12-31 | 30.564 M | 34.232 M | 0.9 |
| 2022-12-31 | 15.615 M | 33.348 M | 0.5 |
| 2023-12-31 | 8.396 M | 31.256 M | 0.3 |
The chart above depicts the distribution of price / book for companies operating in the Materials sector in the Developed economic region. Over 3,540 companies were considered in this analysis, and 2,537 had meaningful values. The average price / book of companies in the sector is 2.3x with a standard deviation of 2.2x.
Golconda Gold Ltd.'s Price / Book of 0.5x ranks in the 14.6% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 3,548 |
| Included Constituents | 2,537 |
| Min | -4.2x |
| Max | 9.2x |
| Median | 1.7x |
| Mean | 2.3x |
| Standard Deviation | 2.2x |
You can find companies with similar price / book using this stock screener.