The Growth for Good Acquisition (The Growth for Good Acquisition) PB Ratio : (As of May. 04, 2024)

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What is The Growth for Good Acquisition PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-04), The Growth for Good Acquisition's share price is $10.40. The Growth for Good Acquisition's Book Value per Share for the quarter that ended in Jun. 2023 was $0.00. Hence, The Growth for Good Acquisition's PB Ratio of today is .

The historical rank and industry rank for The Growth for Good Acquisition's PB Ratio or its related term are showing as below:

GFGDU' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 1.37
Current: 1.36

During the past 2 years, The Growth for Good Acquisition's highest PB Ratio was 1.37. The lowest was 0.00. And the median was 0.00.

GFGDU's PB Ratio is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.835 vs GFGDU: 1.36

During the past 12 months, The Growth for Good Acquisition's average Book Value Per Share Growth Rate was 2.00% per year.

Back to Basics: PB Ratio

The Growth for Good Acquisition PB Ratio Historical Data

The historical data trend for The Growth for Good Acquisition's PB Ratio 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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The Growth for Good Acquisition PB Ratio Chart

The Growth for Good Acquisition Annual Data

Trend

Dec21

Dec22

PB Ratio

The Growth for Good Acquisition Quarterly Data
	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
PB Ratio	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of The Growth for Good Acquisition's PB Ratio

For the Shell Companies subindustry, The Growth for Good Acquisition's PB Ratio, along with its competitors' market caps and PB Ratio 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.

The Growth for Good Acquisition's PB Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, The Growth for Good Acquisition's PB Ratio distribution charts can be found below:

* The bar in red indicates where The Growth for Good Acquisition's PB Ratio falls into.

The Growth for Good Acquisition PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

The Growth for Good Acquisition's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Jun. 2023)
	=	10.40	/
	=

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

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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

The Growth for Good Acquisition (NAS:GFGDU) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

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

The Growth for Good Acquisition PB Ratio Related Terms

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