Formation Metals

Formation Metals P/TBV

The Price to Tangible Book Value (P/TBV) of Formation Metals (FOMO.CN) as of Nov 4, 2026 is 1.09. In the previous year, Price to Tangible Book Value (P/TBV) was 5.52 — a change of -80.22% (lower).

P/TBV

1.09

YoY

-80.22%

Last updated:

Price to Tangible Book Value (P/TBV) of Formation Metals is 2026 1.09 . Price to Tangible Book Value (P/TBV) of Formation Metals was 2025 5.52 . It decreases by -80.22% lower compared to the previous year.

The Formation Metals P/TBV history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

P/TBV
Date
P/TBV
Jan 1, 2022
28.43 CAD
Jan 1, 2023
28.10 CAD
Jan 1, 2024
12.20 CAD
Jan 1, 2025
5.52 CAD
Jan 1, 2026
1.09 CAD
The Formation Metals P/TBV history
YEARP/TBVYoY
1.09-80.22%
5.52-54.73%
12.20-56.59%
28.10-1.14%
28.43—

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Formation Metals Stock analysis

What does Formation Metals do? Formation Metals Inc is a Canadian company headquartered in Vancouver, British Columbia. The company went public through an IPO on October 18, 2024. Formation Metals Inc focuses on the acquisition and exploration of mineral property assets. The firm owns the Nicobat Property, a nickel-copper-cobalt project located in Ontario, Canada. The company operates within the mining sector, specifically targeting mineral exploration and development. Its primary business activities involve identifying and developing mineral resources, with the Nicobat Property representing a key asset in its portfolio. The company's operations are centered on the exploration and potential development of the Nicobat Property, which is situated in Ontario. Formation Metals Inc is a publicly traded entity, listed under the ticker symbol FOMO.CN and identified by the ISIN CA34638F1053. The company's activities are confined to the mineral exploration and acquisition sector, with no additional details provided regarding its operational scale, financial figures, or other assets beyond the Nicobat Property. Formation Metals is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Formation Metals stock

Price to Tangible Book Value (P/TBV) of Formation Metals is 1.09 in 2026.

Price to Tangible Book Value (P/TBV) of Formation Metals changed from 5.52 to 1.09, representing a -80.22% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Price to Tangible Book Value (P/TBV) Formation Metals since 2006 – with annual values, charts, and detailed analysis.

P/TBV compares the stock price to tangible book value per share, excluding goodwill and intangibles. It provides a conservative asset-based valuation.

To evaluate Price to Tangible Book Value (P/TBV)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Price to Tangible Book Value (P/TBV).

A 'good' varies by industry and company stage. On Eulerpool, you can compare Price to Tangible Book Value (P/TBV)'s Formation Metals with sector peers and the industry average to assess whether it is attractive.

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