Twin Ridge Capital Acquisition (Twin Ridge Capital Acquisition) PB Ratio : 1.55 (As of May. 12, 2024)

View and export this data going back to 2021. Start your Free Trial

What is Twin Ridge Capital Acquisition PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-12), Twin Ridge Capital Acquisition's share price is $7.87. Twin Ridge Capital Acquisition's Book Value per Share for the quarter that ended in Jun. 2023 was $5.06. Hence, Twin Ridge Capital Acquisition's PB Ratio of today is 1.55.

The historical rank and industry rank for Twin Ridge Capital Acquisition's PB Ratio or its related term are showing as below:

TRCA' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 2.57
Current: 1.55

During the past 2 years, Twin Ridge Capital Acquisition's highest PB Ratio was 2.57. The lowest was 0.00. And the median was 0.00.

TRCA's PB Ratio is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.85 vs TRCA: 1.55

During the past 12 months, Twin Ridge Capital Acquisition's average Book Value Per Share Growth Rate was -34.10% per year.

Back to Basics: PB Ratio

Twin Ridge Capital Acquisition PB Ratio Historical Data

The historical data trend for Twin Ridge Capital Acquisition's PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Twin Ridge Capital Acquisition PB Ratio Chart

Twin Ridge Capital Acquisition Annual Data

Trend

Dec21

Dec22

PB Ratio

1.30

1.27

Twin Ridge Capital Acquisition Quarterly Data
	Jan21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
PB Ratio	Get a 7-Day Free Trial					1.28	1.28	1.27	2.03	2.11

Competitive Comparison of Twin Ridge Capital Acquisition's PB Ratio

For the Shell Companies subindustry, Twin Ridge Capital Acquisition's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Twin Ridge Capital Acquisition's PB Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Twin Ridge Capital Acquisition's PB Ratio distribution charts can be found below:

* The bar in red indicates where Twin Ridge Capital Acquisition's PB Ratio falls into.

Twin Ridge Capital Acquisition PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Twin Ridge Capital Acquisition's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Jun. 2023)
	=	7.87	/	5.064
	=	1.55

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Twin Ridge Capital Acquisition (NYSE:TRCA) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Twin Ridge Capital Acquisition PB Ratio Related Terms

Thank you for viewing the detailed overview of Twin Ridge Capital Acquisition's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Twin Ridge Capital Acquisition (Twin Ridge Capital Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Twin Ridge Capital Acquisition Corp (NYSE:TRCA) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

999 Vanderbilt Beach Road, Suite 200, Naples, FL, USA, 34108

Website

https://www.twinridgecapitalac.com

Twin Ridge Capital Acquisition Corp is a blank check company.

Executives

Gary H Pilnick	director
Dale F Morrison	director, 10 percent owner	152 W 57TH ST, NEW YORK NY 10019
Twin Ridge Capital Sponsor, Llc	director, 10 percent owner	707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Alison Sarah Burns	director	C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Sanjay Krishnakumar Morey	director, 10 percent owner, officer: Co-CEO and President	C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Russell William Peter Jr	director, 10 percent owner, officer: Co-CEO and CFO	C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025
Paul Henrys	director	C/O TWIN RIDGE CAPITAL ACQUISITION CORP., 707 MENLO AVENUE, SUITE 110, MENLO PARK CA 94025