Abits Group (FRA:9W5) Price-to-Tangible-Book : 21.46 (As of May. 27, 2024)

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What is Abits Group Price-to-Tangible-Book?

As of today (2024-05-27), Abits Group's share price is €5.60. Abits Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €0.26. Hence, Abits Group's Price to Tangible Book Ratio of today is 21.46.

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

FRA:9W5' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.95 Med: 4.01 Max: 35.75
Current: 2.32

During the past 5 years, Abits Group's highest Price to Tangible Book Ratio was 35.75. The lowest was 0.95. And the median was 4.01.

FRA:9W5's Price-to-Tangible-Book is ranked worse than
65.7% of 726 companies
in the Capital Markets industry
Industry Median: 1.36 vs FRA:9W5: 2.32

A closely related ratio is called PB Ratio. As of today, Abits Group's share price is €5.60. Abits Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was €0.29. Hence, Abits Group's P/B Ratio of today is 19.18.

Abits Group Price-to-Tangible-Book Historical Data

The historical data trend for Abits Group'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.

Abits Group Price-to-Tangible-Book Chart

Abits Group Annual Data

Trend

Sep19

Sep20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

78.87

12.53

21.46

Abits Group Semi-Annual Data
	Sep19	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial			78.87	5.72	12.53	13.69	21.46

Competitive Comparison of Abits Group's Price-to-Tangible-Book

For the Capital Markets subindustry, Abits Group'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.

Abits Group's Price-to-Tangible-Book Distribution in the Capital Markets Industry

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

* The bar in red indicates where Abits Group's Price-to-Tangible-Book falls into.

Abits Group Price-to-Tangible-Book Calculation

Abits Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	5.60	/	0.261
	=	21.46

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.

Abits Group Price-to-Tangible-Book Related Terms

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

Abits Group (FRA:9W5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abits Group Inc (FRA:9W5) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

ABTS:USA

Address

30 Canton Road, Unit 911, Tower 2, Silvercord, Tsimshatsui, Hong Kong SAR, CHN

Website

https://www.moxianglobal.com

Abits Group Inc Formerly Moxian (BVI) Inc operates in the bitcoin mining industry. The company is engaged digital asset mining pools by executing contracts with mining pool operators to provide computing power to the mining pool. The Company provides computing power to the mining pool operator and is created as power is provided over time.

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