Novagold Resources price to book ratio NG

Market value divided by the book value of the company's net assets, since 2014.

Today, Oct 23, 2026: 6.8×
10-year median: 19.4×
Against its 10-year history: 25th; percentile: 0 is its lowest day, 100 its highest
10-year range: 3.7× to 168×
Peer median: 1.9×

Novagold Resources' price to book ratio is 6.8× as of Oct 23, 2026.

That is below its ten-year median of 19.4×, lower than on 75% of days in the last ten years.

Over that time it ranged from 3.7× in Dec 2017 to 168× in Jul 2023.

The median for 4 gold miners of a similar size is 1.9×.

Price to book ratio over time

median 19.4×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	6.8×	5.4×	33.1×
2025	23.4×	10.0×	23.4×
2024	n/m a value too high to mean anything
2023	146×	55.1×	168×
2022	48.8×	24.3×	50.2×
2021	26.2×	22.5×	32.4×
2020	27.6×	14.0×	32.6×
2019	19.6×	6.8×	19.6×
2018	7.7×	4.1×	8.3×
2017	4.2×	3.7×	6.5×
2016	4.7×	3.6×	7.1×
2015	3.9×	2.3×	4.1×
2014	2.2×	1.8×	3.1×

Against its peers

Companies in Gold nearest Novagold Resources' size, closest first, today.

Company	Price to book ratio
NGNovagold Resources	6.8×
MUXMcEwen	1.3×
CDECoeur Mining	1.3×
RGLDRoyal Gold	2.5×
IDRIdaho Strategic Resources	2.5×
Peer median	1.9×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Novagold Resources

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.