Platinum Group Metals Ltd.

TSX:PTM Stock Report

Market Cap: CA$241.9m

Platinum Group Metals Valuation

Is PTM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PTM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate PTM's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate PTM's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PTM?

Key metric: As PTM is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for PTM. This is calculated by dividing PTM's market cap by their current book value.
What is PTM's PB Ratio?
PB Ratio6.9x
BookUS$24.94m
Market CapUS$173.20m

Price to Book Ratio vs Peers

How does PTM's PB Ratio compare to its peers?

The above table shows the PB ratio for PTM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.5x
ASM Avino Silver & Gold Mines
1.4x45.5%CA$229.0m
LUC Lucara Diamond
0.6x71.6%CA$214.3m
VOXR Vox Royalty
3.1x125.5%CA$194.3m
STGO Steppe Gold
0.9xn/aCA$164.3m
PTM Platinum Group Metals
7xn/aCA$241.9m

Price-To-Book vs Peers: PTM is expensive based on its Price-To-Book Ratio (7x) compared to the peer average (1.8x).

Price to Book Ratio vs Industry

How does PTM's PB Ratio compare vs other companies in the CA Metals and Mining Industry?

90 CompaniesPrice / BookEstimated GrowthMarket Cap
S Sherritt International
0.1xn/aUS$52.57m
WM Wallbridge Mining
0.2xn/aUS$43.61m
NCU Nevada Copper
0.1xn/aUS$31.56m
ELR Eastern Platinum
0.3xn/aUS$26.05m
PTM 6.9xIndustry Avg. 1.4xNo. of Companies156PB01.22.43.64.86+
90 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: PTM is expensive based on its Price-To-Book Ratio (7x) compared to the Canadian Metals and Mining industry average (1.4x).

Price to Book Ratio vs Fair Ratio

What is PTM's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PTM PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio6.9x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate PTM's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PTM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$2.38
CA$2.88
+21.1%
38.4%CA$4.30CA$1.60n/a3
Nov ’25CA$2.46
CA$2.18
-11.6%
26.4%CA$2.75CA$1.60n/a2
Oct ’25CA$1.93
CA$2.18
+12.7%
26.4%CA$2.75CA$1.60n/a2
Sep ’25CA$1.71
CA$2.18
+27.2%
26.4%CA$2.75CA$1.60n/a2
Aug ’25CA$2.15
CA$2.18
+1.4%
26.4%CA$2.75CA$1.60n/a2
Jul ’25CA$2.29
CA$2.18
-5.0%
26.4%CA$2.75CA$1.60n/a2
Jun ’25CA$2.54
CA$1.93
-24.2%
16.9%CA$2.25CA$1.60n/a2
May ’25CA$1.83
CA$1.93
+5.2%
16.9%CA$2.25CA$1.60n/a2
Apr ’25CA$1.81
CA$1.93
+6.4%
16.9%CA$2.25CA$1.60n/a2
Mar ’25CA$1.36
CA$2.05
+50.7%
22.0%CA$2.50CA$1.60n/a2
Feb ’25CA$1.32
CA$3.00
+127.3%
16.7%CA$3.50CA$2.50n/a2
Jan ’25CA$1.50
CA$4.72
+214.4%
52.2%CA$8.15CA$2.50n/a3
Dec ’24CA$1.60
CA$4.97
+210.4%
45.4%CA$8.15CA$3.25n/a3
Nov ’24CA$1.46
CA$4.97
+240.2%
45.4%CA$8.15CA$3.25CA$2.463
Oct ’24CA$1.54
CA$4.97
+222.5%
45.4%CA$8.15CA$3.25CA$1.933
Sep ’24CA$1.73
CA$4.80
+177.5%
49.4%CA$8.15CA$3.00CA$1.713
Aug ’24CA$1.76
CA$4.80
+172.7%
49.4%CA$8.15CA$3.00CA$2.153
Jul ’24CA$1.88
CA$4.80
+155.3%
49.4%CA$8.15CA$3.00CA$2.293
Jun ’24CA$1.98
CA$3.60
+81.8%
18.9%CA$4.55CA$3.00CA$2.543
May ’24CA$2.12
CA$3.60
+69.8%
18.9%CA$4.55CA$3.00CA$1.833
Apr ’24CA$1.93
CA$3.60
+86.5%
18.9%CA$4.55CA$3.00CA$1.813
Mar ’24CA$1.96
CA$3.60
+83.7%
18.9%CA$4.55CA$3.00CA$1.363
Feb ’24CA$2.15
CA$4.80
+123.3%
49.4%CA$8.15CA$3.00CA$1.323
Jan ’24CA$2.37
CA$5.27
+122.2%
39.7%CA$8.15CA$3.25CA$1.503
Dec ’23CA$2.44
CA$5.27
+115.8%
39.7%CA$8.15CA$3.25CA$1.603
Nov ’23CA$2.17
CA$5.27
+142.7%
39.7%CA$8.15CA$3.25CA$1.463

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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