Snow Lake Resources Ltd
NASDAQ:LITM
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P/B
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Valuation Scenarios
If P/B returns to its 3-Year Average (5.9), the stock would be worth $19.17 (686% upside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 0.7 | $2.44 |
0%
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| 3-Year Average | 5.9 | $19.17 |
+686%
|
| 5-Year Average | 10.9 | $35.62 |
+1 360%
|
| Industry Average | 4.2 | $13.76 |
+464%
|
| Country Average | 2.7 | $8.68 |
+256%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
S
|
Snow Lake Resources Ltd
NASDAQ:LITM
|
37.8m USD | 0.7 | -3.1 | |
| AU |
|
BHP Group Ltd
ASX:BHP
|
284.9B AUD | 4 | 19.6 | |
| AU |
|
Rio Tinto Ltd
ASX:RIO
|
278.6B AUD | 3.6 | 20 | |
| UK |
|
Rio Tinto PLC
LSE:RIO
|
119.9B GBP | 2.7 | 15.9 | |
| CH |
|
Glencore PLC
LSE:GLEN
|
65.5B GBP | 2.2 | 238.8 | |
| MX |
|
Grupo Mexico SAB de CV
BMV:GMEXICOB
|
1.5T MXN | 4 | 18 | |
| SA |
|
Saudi Arabian Mining Company SJSC
SAU:1211
|
248.9B SAR | 4 | 33.9 | |
| CN |
|
CMOC Group Ltd
SSE:603993
|
414.4B CNY | 5 | 20.4 | |
| UK |
|
Anglo American PLC
LSE:AAL
|
43.5B GBP | 3.2 | -15.3 | |
| CN |
C
|
China Molybdenum Co Ltd
OTC:CMCLF
|
52.2B USD | 4.4 | 17.7 | |
| ZA |
A
|
African Rainbow Minerals Ltd
JSE:ARI
|
44.4B ZAR | 0.7 | 34.6 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1.6 |
| Median | 2.7 |
| 70th Percentile | 4.9 |
| Max | 1 402.4 |
Other Multiples
Snow Lake Resources Ltd
Glance View
Snow Lake Resources Ltd. is an an exploration stage mining company, which engaged in lithium exploration in the province of Manitoba, Canada. The company is headquartered in Winnipeg, Manitoba. The company went IPO on 2021-11-19. The firm is engaged in lithium exploration in the province of Manitoba, Canada. Its primary focus is conducting exploration for lithium at its Thompson Brothers Lithium Project (TBL property). The Thompson Brothers Lithium Project consists of approximately 38 contiguous mineral claims covering 5,596 hectares located on Crown land near Snow Lake, central Manitoba, Canada. The Project delivers mined and processed lithium products to the electric vehicle (EV) battery industry. The TBL Property is located in north central Manitoba, approximately 20 kilometer (km) east of the mining community of Snow Lake. The TBL property encompasses two lithium-based spodumene pegmatite clusters known as the Thompson Brothers and Sherritt Gordon (SG), pegmatite dykes. The company is engaged in exploration through two subsidiaries: Snow Lake Exploration and Snow Lake Crowduck.
