Harmony Acquisitions (TSXV:MONY.P) Price-to-Tangible-Book : 2.00 (As of May. 31, 2024)

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What is Harmony Acquisitions Price-to-Tangible-Book?

As of today (2024-05-31), Harmony Acquisitions's share price is C$0.04. Harmony Acquisitions's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was C$0.02. Hence, Harmony Acquisitions's Price to Tangible Book Ratio of today is 2.00.

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

TSXV:MONY.P' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.94 Med: 1.59 Max: 2.64
Current: 2

During the past 3 years, Harmony Acquisitions's highest Price to Tangible Book Ratio was 2.64. The lowest was 0.94. And the median was 1.59.

TSXV:MONY.P's Price-to-Tangible-Book is ranked worse than
51.87% of 482 companies
in the Diversified Financial Services industry
Industry Median: 1.845 vs TSXV:MONY.P: 2.00

A closely related ratio is called PB Ratio. As of today, Harmony Acquisitions's share price is C$0.04. Harmony Acquisitions's Book Value per Sharefor the quarter that ended in Mar. 2024 was C$0.02. Hence, Harmony Acquisitions's P/B Ratio of today is 2.00.

Harmony Acquisitions Price-to-Tangible-Book Historical Data

The historical data trend for Harmony 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.

* Premium members only.

Harmony Acquisitions Price-to-Tangible-Book Chart

Harmony Acquisitions Annual Data

Trend

Jun21

Jun22

Jun23

Price-to-Tangible-Book

1.43

1.40

Harmony Acquisitions Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial						1.03	1.40	1.46	2.50	2.25

Competitive Comparison of Harmony Acquisitions's Price-to-Tangible-Book

For the Shell Companies subindustry, Harmony 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.

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

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

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

Harmony Acquisitions Price-to-Tangible-Book Calculation

Harmony 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 )
	=	0.04	/	0.02
	=	2.00

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.

Harmony Acquisitions Price-to-Tangible-Book Related Terms

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

Harmony Acquisitions (TSXV:MONY.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Harmony Acquisitions Corp (TSXV:MONY.P) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

550 Burrard Street, Suite 2300, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

Harmony Acquisitions Corp is a capital pool company. The principal business of the Company is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction (QT).

Harmony Acquisitions (TSXV:MONY.P) Headlines

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