BitMine Immersion Technologies (BitMine Immersion Technologies) Price-to-Tangible-Book : 6.50 (As of May. 22, 2024)

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

What is BitMine Immersion Technologies Price-to-Tangible-Book?

As of today (2024-05-22), BitMine Immersion Technologies's share price is $0.6499. BitMine Immersion Technologies's Tangible Book per Share of Feb. 2024 for the quarter that ended in Feb. 2024 was $0.10. Hence, BitMine Immersion Technologies's Price to Tangible Book Ratio of today is 6.50.

The historical rank and industry rank for BitMine Immersion Technologies's Price-to-Tangible-Book or its related term are showing as below:

BMNR' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 4.97 Med: 5.97 Max: 8.4
Current: 6.5

During the past 2 years, BitMine Immersion Technologies's highest Price to Tangible Book Ratio was 8.40. The lowest was 4.97. And the median was 5.97.

BMNR's Price-to-Tangible-Book is ranked worse than
88.71% of 726 companies
in the Capital Markets industry
Industry Median: 1.375 vs BMNR: 6.50

A closely related ratio is called PB Ratio. As of today, BitMine Immersion Technologies's share price is $0.6499. BitMine Immersion Technologies's Book Value per Sharefor the quarter that ended in Feb. 2024 was $0.10. Hence, BitMine Immersion Technologies's P/B Ratio of today is 6.50.

BitMine Immersion Technologies Price-to-Tangible-Book Historical Data

The historical data trend for BitMine Immersion Technologies's Price-to-Tangible-Book 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.

BitMine Immersion Technologies Price-to-Tangible-Book Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Price-to-Tangible-Book

4.97

5.69

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Price-to-Tangible-Book	Get a 7-Day Free Trial				6.25	8.40	5.69	5.33	6.85

Competitive Comparison of BitMine Immersion Technologies's Price-to-Tangible-Book

For the Capital Markets subindustry, BitMine Immersion Technologies's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

BitMine Immersion Technologies's Price-to-Tangible-Book Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BitMine Immersion Technologies's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where BitMine Immersion Technologies's Price-to-Tangible-Book falls into.

BitMine Immersion Technologies Price-to-Tangible-Book Calculation

BitMine Immersion Technologies's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Feb. 2024 )
	=	0.6499	/	0.1
	=	6.50

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

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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

Be Aware

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

BitMine Immersion Technologies Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of BitMine Immersion Technologies's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

BitMine Immersion Technologies (BitMine Immersion Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BitMine Immersion Technologies Inc (OTCPK:BMNR) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

2030 Powers Ferry Road SE, Suite No. 212, Atlanta, GA, USA, 30339

Website

https://www.bitminetech.io

BitMine Immersion Technologies Inc is a blockchain technology company that is building out industrial-scale digital asset mining, equipment sales, and hosting operations. The company's primary business is data center focused, both mining Bitcoin for its own account as well as hosting third-party Bitcoin mining servers.