Northern Lights Acquisition (Northern Lights Acquisition) PB Ratio : (As of Jun. 24, 2024)

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What is Northern Lights 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 (2024-06-24), Northern Lights Acquisition's share price is $0.24. Northern Lights Acquisition's Book Value per Share for the quarter that ended in Jun. 2022 was $0.00. Hence, Northern Lights Acquisition's PB Ratio of today is .

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

NLITW' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 3.19
Current: 1.4

During the past 1 years, Northern Lights Acquisition's highest PB Ratio was 3.19. The lowest was 0.00. And the median was 0.00.

NLITW's PB Ratio is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.82 vs NLITW: 1.40

During the past 12 months, Northern Lights Acquisition's average Book Value Per Share Growth Rate was 1.80% per year.

Back to Basics: PB Ratio

Northern Lights Acquisition PB Ratio Historical Data

The historical data trend for Northern Lights 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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Northern Lights Acquisition PB Ratio Chart

Northern Lights Acquisition Annual Data

Trend

Dec21

PB Ratio

Northern Lights Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
PB Ratio	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Northern Lights Acquisition's PB Ratio

For the Shell Companies subindustry, Northern Lights 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.

Northern Lights Acquisition's PB Ratio Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Northern Lights Acquisition's PB Ratio falls into.

Northern Lights 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.

Northern Lights Acquisition's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Jun. 2022)
	=	0.24	/
	=

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.

Northern Lights Acquisition (NAS:NLITW) 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.

Northern Lights Acquisition PB Ratio Related Terms

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Northern Lights Acquisition (Northern Lights Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Northern Lights Acquisition Corp (NAS:NLITW) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 East 53rd Street, Suite 3001, New York, NY, USA, 10022

Website

Northern Lights Acquisition Corp is a blank check company. It is formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses.