What is TMC the metals company Inc.'s price / book?

TMC the metals company Inc. (TMC) reported price / book of 29.2× in Q2 2025.

What is the long-term trend for TMC the metals company Inc.'s price / book?

Over 2 years (2021 to 2023), TMC the metals company Inc.'s price / book has grown at a 146.8% compound annual growth rate (CAGR), from 5.1× to 30.9×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

TMC the metals company Inc. TMC Price / book

Price / book at other companies

Freeport-McMoRan Inc.FCX

4.3×+1.3×

Perpetua Resources Corp.PPTA

4.3×-3.1×

NovaGold ResourcesNG

8.9×+0.4×

MP MaterialsMP

4.4×+0.5×

MaterionMTRN

3.1×+1.2×

SSR MiningSSRM

1.7×+1.0×

Other financials

Income statement

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Revenue$410.0K+263%

Operating income-$34.0M-88.6%

Net income-$20.6M-0.1%

EPS (diluted)$0.05-16.7%

Balance sheet

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Cash & equivalents$119.7M+5,002%

Total debt$2.5M-57.8%

Total equity-$27.3M-63.1%

Total assets$184.9M+187%

Cash flow

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Operating cash flow-$615.0K+93.4%

CapEx$35.0K-50.0%

Free cash flow-$650.0K+93.1%

Valuation

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Market cap$2.09B+237%

Returns & leverage

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Return on equity-390.9%+322pp

Debt / equity0×—

Current ratio2.2×+2.0×

Where this comes from

Calculated from TMC the metals company Inc.’s reported figures.

market cap/total stockholders equity=29.2×

Based on the most recent quarter.

The official record: TMC the metals company Inc.’s 10-Q, filed August 14, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is TMC the metals company Inc.'s price / book?: TMC the metals company Inc. (TMC) reported price / book of 29.2× in Q2 2025.
What is the long-term trend for TMC the metals company Inc.'s price / book?: Over 2 years (2021 to 2023), TMC the metals company Inc.'s price / book has grown at a 146.8% compound annual growth rate (CAGR), from 5.1× to 30.9×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.