Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It also explores for copper and gold deposits. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia. It is also developing the Eliwana mine situated in the Pilbara region of Western Australia. In addition, the company holds a portfolio of properties situated in Ecuador, Argentina, Colombia, Peru, Chile, and Brazil, as well as Portugal and Kazakhstan. Further, it provides port towage services. Fortescue Metals Group Limited was incorporated in 1983 and is headquartered in East Perth, Australia.
P/B ratio for Fortescue Metals Group Limited (FMG.AX)
P/B ratio as of 2024: 2.29
According to Fortescue Metals Group Limited's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 2.29. At the end of 2023 the company had a P/B ratio of 2.53.
P/B ratio history for Fortescue Metals Group Limited from 1989 to 2024
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2024 | 2.29 |
| 2023 | 2.53 |
| 2022 | 2.15 |
| 2021 | 3.04 |
| 2020 | 2.21 |
| 2019 | 1.87 |
| 2018 | 1.04 |
| 2017 | 1.29 |
| 2016 | 0.97 |
| 2015 | 0.80 |
| 2014 | 1.80 |
| 2013 | 1.74 |
| 2012 | 4.11 |
| 2011 | 8.14 |
| 2010 | 8.58 |
| 2009 | 12.85 |
| 2008 | -12.27 |
| 2007 | 20.93 |
| 2006 | 21.00 |
| 2005 | 7.57 |
| 2004 | 8.16 |
| 2003 | 5.42 |
| 2002 | 2.72 |
| 2001 | 4.92 |
| 2000 | 3.42 |
| 1999 | 2.85 |
| 1998 | 1.97 |
| 1997 | 29.48 |
| 1996 | 95.76 |
| 1995 | 23.93 |
| 1994 | 5.68 |
| 1993 | -16.83 |
| 1992 | -9.96 |
| 1991 | -0.33 |
| 1990 | 113.28 |
| 1989 | 150.43 |