FRMO (FRMO) Price-to-Tangible-Book : 3.38 (As of Apr. 30, 2024)

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What is FRMO Price-to-Tangible-Book?

As of today (2024-04-30), FRMO's share price is $7.27. FRMO's Tangible Book per Share of May. 2014 for the quarter that ended in May. 2014 was $2.15. Hence, FRMO's Price to Tangible Book Ratio of today is 3.38.

The historical rank and industry rank for FRMO's Price-to-Tangible-Book or its related term are showing as below:

FRMO's Price-to-Tangible-Book is not ranked ^*
in the Asset Management industry.
Industry Median: 0.94
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, FRMO's share price is $7.27. FRMO's Book Value per Sharefor the quarter that ended in May. 2014 was $2.15. Hence, FRMO's P/B Ratio of today is 3.38.

FRMO Price-to-Tangible-Book Historical Data

The historical data trend for FRMO's Price-to-Tangible-Book 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.

FRMO Price-to-Tangible-Book Chart

FRMO Annual Data

Trend

Feb00

Feb01

Feb02

Feb03

Feb04

May12

May13

May14

Price-to-Tangible-Book

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70.00

27.27

1.52

1.94

4.21

FRMO Semi-Annual Data
	Feb00	Feb01	Feb02	Feb03	Feb04	May12	May13	May14
Price-to-Tangible-Book	Get a 7-Day Free Trial			70.00	27.27	1.52	1.94	4.21

Competitive Comparison of FRMO's Price-to-Tangible-Book

For the Asset Management subindustry, FRMO's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

FRMO's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, FRMO's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where FRMO's Price-to-Tangible-Book falls into.

FRMO Price-to-Tangible-Book Calculation

FRMO's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: May. 2014 )
	=	7.27	/	2.152
	=	3.38

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

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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

Be Aware

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

FRMO Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of FRMO's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

FRMO (FRMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » FRMO Corp (OTCPK:FRMO) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 North Lexington Avenue, Suite 12C, White Plains, NY, USA, 10601

Website

https://www.frmocorp.com

FRMO Corp is focused its activities on making strategic investments in public and private companies.

Executives

Steven Bregman	director, 10 percent owner, officer: President	HORIZON KINETICS LLC, 470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK NY 10016
Santa Monica Partners Lp	director	1865 PALMER AVENUE, LARCHMONT NY 10538
Lawrence J Goldstein	director	1865 PALMER AVE 108, LARCHMONT NY 10538
Jay P Hirschson	director	747 GREENWICH ST, SUITE 400, NEW YORK NY 10014
Murray Stahl	director, 10 percent owner, officer: CEO	C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK NY 10016
Peter Doyle	director, 10 percent owner, officer: Vice President, other: Secretary	470 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10016
Lester J Tanner	director, officer: Secretary	100 PARK AVENUE SUITE 3302, NEW YORK NY 10017
Allan Kornfeld	director	123 WILD DUNES WAY, JACKSON NJ 08527