Nordic Mining ASA
OSE:NOM
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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 (1.8), the stock would be worth kr13.77 (16% upside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 1.6 | kr11.92 |
0%
|
| 3-Year Average | 1.8 | kr13.77 |
+16%
|
| 5-Year Average | 2.2 | kr16.86 |
+41%
|
| Industry Average | 1.6 | kr12.4 |
+4%
|
| Country Average | 1.7 | kr12.79 |
+7%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| NO |
|
Nordic Mining ASA
OSE:NOM
|
1.5B NOK | 1.6 | -3.5 | |
| 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 | 15.8 | |
| CH |
|
Glencore PLC
LSE:GLEN
|
65.5B GBP | 2.2 | 236.3 | |
| MX |
|
Grupo Mexico SAB de CV
BMV:GMEXICOB
|
1.6T MXN | 4 | 17.9 | |
| 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 | -15.1 | |
| CN |
C
|
China Molybdenum Co Ltd
OTC:CMCLF
|
52.2B USD | 4.4 | 17.7 | |
| ZA |
A
|
African Rainbow Minerals Ltd
JSE:ARI
|
44.5B ZAR | 0.7 | 34.6 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1.2 |
| Median | 1.7 |
| 70th Percentile | 3.3 |
| Max | 234.8 |
Other Multiples
Nordic Mining ASA
Glance View
Nordic Mining ASA engages in the exploration, extraction, and production of industrial minerals and metals. The company is headquartered in Oslo, Oslo. The company went IPO on 2007-09-14. The firm carries out project development activities related to anorthosite in Gudvangen in the Sogn og Fjordane region, Norway, as well as in Engebofjellet in Sogn og Fjordane, where it also has rights to deposits of rutile and garnet. Nordic Mining ASA has established cooperation with the Department of Geology and Mineral Resources Engineering at the Norwegian University of Science and Technology in Trondheim (NTNU) and the Norwegian Geological Survey (NGU). The agreement enables the Company to carry out mapping and prospecting activities for mineral and metal deposits in Norway. The firm is operational mainly in the Nordic region, through a number of subsidiaries, which include Keliber Oy, Nordic Mining America, Inc., Gudvangen Stein AS and Nordic Rutile AS.
