NovaGold Petro Fundamental Relationships

NOVAGOLD -- India Stock  

INR 1.10  0.00  0.00%

The Drivers Module shows relationships between NovaGold Petro's most relevant fundamental drivers and provides multiple suggestions of what could possibly affect the performance of NovaGold Petro Resources Ltd over time as well as its relative position and ranking within its peers. Please see also Stocks Correlation.

NovaGold Petro Resources Shares Outstanding vs. Price to Book Fundamental Analysis

NovaGold Petro Resources Ltd is considered to be number one stock in price to book category among related companies. It is considered to be number one stock in shares outstanding category among related companies creating about  55,200,000  of Shares Outstanding per Price to Book.
Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is accounting value of assets minus liabilities.
NovaGold Petro 
P/B 
 = 
MV Per Share 
BV Per Share 
=
0.10X
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted bases which include exotic instruments such as options, or convertibles bonds.
NovaGold Petro 
Shares Outstanding 
 = 
Public Shares 
Repurchased 
=
5.52M
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.

NovaGold Petro Resources Shares Outstanding Comparison

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