Spirit Blockchain Capital (XCNQ:SPIR) PB Ratio

: 2.22 (As of Today)

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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 (2023-03-30), Spirit Blockchain Capital's share price is C$0.02. Spirit Blockchain Capital's Book Value per Share for the quarter that ended in Sep. 2022 was C$0.01. Hence, Spirit Blockchain Capital's PB Ratio of today is 2.22.

The historical rank and industry rank for Spirit Blockchain Capital's PB Ratio or its related term are showing as below:

XCNQ:SPIR' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 5.91
Current: 2.22

During the past 0 years, Spirit Blockchain Capital's highest PB Ratio was 5.91. The lowest was 0.00. And the median was 0.00.

XCNQ:SPIR's PB Ratio is ranked worse than
72.94% of 754 companies
in the Capital Markets industry
Industry Median: 1.08 vs XCNQ:SPIR: 2.22

Back to Basics: PB Ratio

Spirit Blockchain Capital PB Ratio Historical Data

The historical data trend for Spirit Blockchain Capital'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.

Spirit Blockchain Capital Annual Data

Trend

PB Ratio

Spirit Blockchain Capital Quarterly Data
	Jun21	Sep21	Jun22	Sep22
PB Ratio	-	-	-	-

Competitive Comparison

For the Capital Markets subindustry, Spirit Blockchain Capital'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.

Annual Data Quarterly Data

Spirit Blockchain Capital PB Ratio Distribution

For the Capital Markets industry and Financial Services sector, Spirit Blockchain Capital's PB Ratio distribution charts can be found below:

* The bar in red indicates where Spirit Blockchain Capital's PB Ratio falls in comparison to its industry or sector. The grey bar indicates the PB Ratio's extreme value range as defined by GuruFocus.

Spirit Blockchain Capital 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.

Spirit Blockchain Capital's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2022)
	=	0.02	/	0.009
	=	2.22

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.

Spirit Blockchain Capital (XCNQ:SPIR) 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.

Spirit Blockchain Capital PB Ratio Related Terms

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

Spirit Blockchain Capital (XCNQ:SPIR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Spirit Blockchain Capital Inc (XCNQ:SPIR) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Burrard Street, Suite 1570, One Bentall Centre, Vancouver, BC, CAN, V7X 1M5

Website

Spirit Blockchain Capital Inc is a blockchain company providing capital to blockchain ecosystem participants and blockchain research and advisory services. The company aims to supply capital to the blockchain ecosystem through lending, staking, streaming, and mining. The company also provides blockchain advisory and research services.