Platinum Group Metals Ltd.

DB:P6MB Stock Report

Market Cap: €171.8m

Platinum Group Metals Valuation

Is P6MB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 P6MB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate P6MB's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate P6MB's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for P6MB?

Key metric: As P6MB 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 P6MB. This is calculated by dividing P6MB's market cap by their current book value.
What is P6MB's PB Ratio?
PB Ratio7.2x
BookUS$24.94m
Market CapUS$180.31m

Price to Book Ratio vs Peers

How does P6MB's PB Ratio compare to its peers?

The above table shows the PB ratio for P6MB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average12.7x
EIS Eisen- und Hüttenwerke
2.1xn/a€202.4m
M0LY Greenland Resources
47.6xn/a€78.4m
2HRA H&R GmbH KGaA
0.3x52.9%€128.4m
NTG Nabaltec
0.8x4.3%€122.3m
P6MB Platinum Group Metals
7.2xn/a€252.1m

Price-To-Book vs Peers: P6MB is good value based on its Price-To-Book Ratio (7.2x) compared to the peer average (12.7x).

Price to Book Ratio vs Industry

How does P6MB's PB Ratio compare vs other companies in the European Metals and Mining Industry?

23 CompaniesPrice / BookEstimated GrowthMarket Cap
P6MB 7.2xIndustry Avg. 0.9xNo. of Companies27PB00.61.21.82.43+
23 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: P6MB is expensive based on its Price-To-Book Ratio (7.2x) compared to the European Metals and Mining industry average (0.9x).

Price to Book Ratio vs Fair Ratio

What is P6MB'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.

P6MB PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio7.2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate P6MB'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 P6MB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.68
€1.93
+14.7%
38.4%€2.87€1.07n/a3
Nov ’25€1.65
€1.45
-12.1%
26.4%€1.83€1.07n/a2
Oct ’25€1.26
€1.45
+15.4%
26.4%€1.83€1.07n/a2
Sep ’25€1.13
€1.48
+31.3%
26.4%€1.88€1.09n/a2
Aug ’25€1.51
€1.48
-1.7%
26.4%€1.88€1.09n/a2
Jul ’25€1.54
€1.48
-3.3%
26.4%€1.88€1.09n/a2
Jun ’25€1.65
€1.31
-20.3%
16.9%€1.53€1.09n/a2
May ’25€1.29
€1.31
+1.7%
16.9%€1.53€1.09n/a2
Apr ’25€1.05
€1.31
+25.3%
16.9%€1.53€1.09n/a2
Mar ’25€0.88
€1.39
+58.7%
22.0%€1.70€1.09n/a2
Feb ’25€0.90
€2.06
+129.3%
16.7%€2.40€1.71n/a2
Jan ’25€0.99
€3.21
+224.1%
52.2%€5.55€1.70n/a3
Dec ’24€1.03
€3.40
+229.1%
45.4%€5.58€2.23n/a3
Nov ’24€0.98
€3.40
+245.8%
45.4%€5.58€2.23€1.653
Oct ’24€1.04
€3.40
+225.9%
45.4%€5.58€2.23€1.263
Sep ’24€1.09
€3.34
+205.0%
49.4%€5.67€2.09€1.133
Aug ’24€1.20
€3.34
+178.6%
49.4%€5.67€2.09€1.513
Jul ’24€1.28
€3.34
+160.3%
49.4%€5.67€2.09€1.543
Jun ’24€1.28
€2.45
+91.2%
18.9%€3.09€2.04€1.653
May ’24€1.41
€2.45
+74.1%
18.9%€3.09€2.04€1.293
Apr ’24€1.30
€2.45
+88.2%
18.9%€3.09€2.04€1.053
Mar ’24€1.36
€2.50
+83.7%
18.9%€3.16€2.08€0.883
Feb ’24€1.46
€3.33
+127.9%
49.4%€5.65€2.08€0.903
Jan ’24€1.51
€3.65
+141.9%
39.7%€5.65€2.25€0.993
Dec ’23€1.70
€3.91
+129.8%
39.7%€6.06€2.42€1.033
Nov ’23€1.62
€3.91
+141.7%
39.7%€6.06€2.42€0.983

Analyst Forecast: Target price is less than 20% higher than the current share price.

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