Iron Horse Acquisitions (Iron Horse Acquisitions) Price-to-Tangible-Book : 1.34 (As of Jun. 14, 2024)

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What is Iron Horse Acquisitions Price-to-Tangible-Book?

As of today (2024-06-14), Iron Horse Acquisitions's share price is $10.065. Iron Horse Acquisitions's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $7.53. Hence, Iron Horse Acquisitions's Price to Tangible Book Ratio of today is 1.34.

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

IROH' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.33 Med: 1.33 Max: 1.34
Current: 1.34

During the past 4 years, Iron Horse Acquisitions's highest Price to Tangible Book Ratio was 1.34. The lowest was 1.33. And the median was 1.33.

IROH's Price-to-Tangible-Book is ranked better than
64.23% of 478 companies
in the Diversified Financial Services industry
Industry Median: 1.805 vs IROH: 1.34

A closely related ratio is called PB Ratio. As of today, Iron Horse Acquisitions's share price is $10.065. Iron Horse Acquisitions's Book Value per Sharefor the quarter that ended in Mar. 2024 was $7.53. Hence, Iron Horse Acquisitions's P/B Ratio of today is 1.34.

Iron Horse Acquisitions Price-to-Tangible-Book Historical Data

The historical data trend for Iron Horse Acquisitions'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.

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Iron Horse Acquisitions Price-to-Tangible-Book Chart

Iron Horse Acquisitions Annual Data

Trend

Dec17

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Iron Horse Acquisitions Quarterly Data
	Dec17	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	-	-	-	1.33

Competitive Comparison of Iron Horse Acquisitions's Price-to-Tangible-Book

For the Shell Companies subindustry, Iron Horse Acquisitions'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.

Iron Horse Acquisitions's Price-to-Tangible-Book Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Iron Horse Acquisitions's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Iron Horse Acquisitions's Price-to-Tangible-Book falls into.

Iron Horse Acquisitions Price-to-Tangible-Book Calculation

Iron Horse Acquisitions's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	10.065	/	7.532
	=	1.34

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.

Iron Horse Acquisitions Price-to-Tangible-Book Related Terms

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

Iron Horse Acquisitions (Iron Horse Acquisitions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Iron Horse Acquisitions Corp (NAS:IROH) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

875 Third Avenue, New York, NY, USA, 10022

Website

Iron Horse Acquisition Corp is a blank check company.

Iron Horse Acquisitions (Iron Horse Acquisitions) Headlines

From GuruFocus

Iron Horse Acquisitions Corp. Announces Pricing of $61,000,000 Initial Public Offering

By Business Wire • 12-27-2023

Iron Horse Acquisitions Corp. Announces Closing of Initial Public Offering

By Business Wire • 12-29-2023