The historical rank and industry rank for Finnovate Acquisition's Price-to-Tangible-Book or its related term are showing as below:
FNVT'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.21 Med: 1.25 Max: 2.13
Current: 2.12
During the past 3 years, Finnovate Acquisition's highest Price to Tangible Book Ratio was 2.13. The lowest was 1.21. And the median was 1.25.
FNVT's Price-to-Tangible-Book is ranked worse than 57.17% of 509
companies
in the Diversified Financial Services industry
Industry Median: 1.82
vs FNVT: 2.12
Finnovate Acquisition Price-to-Tangible-Book Historical Data
The historical data trend for Finnovate Acquisition'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.
Competitive Comparison of Finnovate Acquisition's Price-to-Tangible-Book
For the Shell Companies subindustry, Finnovate Acquisition'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.
Finnovate Acquisition's Price-to-Tangible-Book Distribution in the Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Finnovate Acquisition's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Finnovate Acquisition's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
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.
Finnovate Acquisition Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Finnovate Acquisition's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Finnovate Acquisition (Finnovate Acquisition) Business Description
Finnovate Acquisition Corp is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses.
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