iShares Gold Trust Valuation

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

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

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

Key Valuation Metric

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

Key metric: As IAU 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 IAU. This is calculated by dividing IAU's market cap by their current book value.
What is IAU's PB Ratio?
PB Ratio	1x
Book	US$28.28b
Market Cap	US$28.13b

IAU key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

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

Insufficient data to calculate this valuation analysis check

The above table shows the PB ratio for IAU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	n/a
IAU iShares Gold Trust	1x	n/a	US$28.1b

Price-To-Book vs Peers: Insufficient data to calculate IAU's Price-To-Book Ratio vs. peers for valuation analysis.

Price to Book Ratio vs Industry

How does IAU's PB Ratio compare vs other companies in the South American Capital Markets Industry?

2 Companies	Price / Book	Estimated Growth	Market Cap

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: IAU is good value based on its Price-To-Book Ratio (1x) compared to the South American Capital Markets industry average (1x).

Price to Book Ratio vs Fair Ratio

What is IAU'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.

IAU PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	1x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate IAU'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?

Analyst Forecast: Insufficient data to show price forecast.