Ascendant Digital Acquisition III (Ascendant Digital Acquisition III) PB Ratio : 1.31 (As of Apr. 26, 2024)

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What is Ascendant Digital Acquisition III 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 (2024-04-26), Ascendant Digital Acquisition III's share price is $10.38. Ascendant Digital Acquisition III's Book Value per Share for the quarter that ended in Sep. 2022 was $7.92. Hence, Ascendant Digital Acquisition III's PB Ratio of today is 1.31.

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

ACDI's PB Ratio is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 1.835
* Ranked among companies with meaningful PB Ratio only.

Back to Basics: PB Ratio

Ascendant Digital Acquisition III PB Ratio Historical Data

The historical data trend for Ascendant Digital Acquisition III'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.

Ascendant Digital Acquisition III PB Ratio Chart

Ascendant Digital Acquisition III Annual Data

Trend

Dec21

PB Ratio

Ascendant Digital Acquisition III Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
PB Ratio	Get a 7-Day Free Trial			-	-	1.31	1.28	1.28

Competitive Comparison of Ascendant Digital Acquisition III's PB Ratio

For the Shell Companies subindustry, Ascendant Digital Acquisition III'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.

Ascendant Digital Acquisition III's PB Ratio Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Ascendant Digital Acquisition III's PB Ratio falls into.

Ascendant Digital Acquisition III 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.

Ascendant Digital Acquisition III's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2022)
	=	10.38	/	7.918
	=	1.31

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.

Ascendant Digital Acquisition III (NYSE:ACDI) 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.

Ascendant Digital Acquisition III PB Ratio Related Terms

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Ascendant Digital Acquisition III (Ascendant Digital Acquisition III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ascendant Digital Acquisition Corp III (NYSE:ACDI) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

667 Madison Avenue, 5th Floor, New York, NY, USA, 10065

Website

https://www.ascendant.digital

Ascendant Digital Acquisition Corp III is a blank check company.

Executives

Michael G Jesselson	director	1301 AVENUE OF THE AMERICAS, SUITE 4101, NEW YORK NY 10019
Robert Foresman	director	C/O GLOBAL CONSUMER ACQUISITION CORP, 1370 AVENUE OF THE AMERICAS, 28TH FLOOR, NEW YORK NY 10019
Riaan Hodgson	director, officer: Chief Operating Officer	C/O ASCENDANT DIGITAL ACQUISITION CORP., 667 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10065
Mark Gerhard	director, officer: Chief Executive Officer	667 MADISON AVENUE, 5TH FLOOR, C/O ASCENDANT DIGITAL ACQUISITION CORP., NEW YORK NY 10065
David Gomberg	director, 10 percent owner, officer: President	C/O ASCENDANT DIGITAL ACQUISITION CORP., 667 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10065
Mickie Rosen	director	C/O ASCENDANT DIGITAL ACQUISITION CORP., 667 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10065
Diane Nelson	director	C/O ASCENDANT DIGITAL ACQUISITION CORP., 667 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10065
Ascendant Sponsor Lp Iii	director, 10 percent owner	C/O ASCENDANT DIGITAL ACQUISITION CORP., 667 MADISON AVENUE, NEW YORK NY 10065
Ascendant Sponsor Gp Iii Llc	10 percent owner	C/O ASCENDANT DIGITAL ACQUISITION CORP., 667 MADISON AVENUE, NEW YORK NY 10065