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Inception Growth Acquisition (Inception Growth Acquisition) PB Ratio : 2.24 (As of May. 14, 2024)


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What is Inception Growth 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 (2024-05-14), Inception Growth Acquisition's share price is $11.1634. Inception Growth Acquisition's Book Value per Share for the quarter that ended in Dec. 2023 was $4.98. Hence, Inception Growth Acquisition's PB Ratio of today is 2.24.

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

IGTA' s PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 2.79
Current: 2.24

During the past 3 years, Inception Growth Acquisition's highest PB Ratio was 2.79. The lowest was 0.00. And the median was 0.00.

IGTA's PB Ratio is ranked worse than
58.65% of 520 companies
in the Diversified Financial Services industry
Industry Median: 1.85 vs IGTA: 2.24

During the past 12 months, Inception Growth Acquisition's average Book Value Per Share Growth Rate was -37.90% per year.

Back to Basics: PB Ratio


Inception Growth Acquisition PB Ratio Historical Data

The historical data trend for Inception Growth 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.

* Premium members only.

Inception Growth Acquisition PB Ratio Chart

Inception Growth Acquisition Annual Data
Trend Dec21 Dec22 Dec23
PB Ratio
- 1.26 2.14

Inception Growth Acquisition Quarterly Data
Apr21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 1.26 1.68 1.70 2.19 2.14

Competitive Comparison of Inception Growth Acquisition's PB Ratio

For the Shell Companies subindustry, Inception Growth 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.


Inception Growth Acquisition's PB Ratio Distribution in the Diversified Financial Services Industry

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

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



Inception Growth 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.

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

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2023)
=11.1634/4.978
=2.24

* 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 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.


Inception Growth Acquisition  (NAS:IGTA) 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.


Inception Growth Acquisition PB Ratio Related Terms

Thank you for viewing the detailed overview of Inception Growth Acquisition's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Inception Growth Acquisition (Inception Growth Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
875 Washington Street, New York, NY, USA, 10014
Inception Growth Acquisition Ltd is a blank check company.
Executives
Soul Venture Partners Llc 10 percent owner 875 WASHINGTON STREET, NEW YORK NY 10014
Yan Yannie Xu director 6/F UNIT B, CENTRAL 88, 88-98 DES VOEUX ROAD CENTRAL, HONG KONG K3 00000
Michael Lawrence Coyne director 10/F TOWER A, BILLION CENTRE, 1 WANG KWONG ROAD, KOWLOON BAY K3 999077
Cheuk Hang Chow director, officer: CEO 875 WASHINGTON STREET, NEW YORK NY 10014
Yun Pun Wong director, officer: CFO UNIT B, 11F, ON HING BUILDING, 1-9 ON HING TERRACE, CENTRAL HONG KONG F4 00000
Matthew Hong director 8 NEWBURY STREET, BOSTON MA 02116
Paige Edward Craig director, officer: CEO 875 WASHINGTON STREET, NEW YORK NY 10014
Suen Man Tak Stephen director 875 WASHINGTON STREET, NEW YORK NY 10014
Albert Chang director 875 WASHINGTON STREET, NEW YORK NY 10014