Ignyte Acquisition (Ignyte Acquisition) Price-to-Tangible-Book : 1.71 (As of Jun. 18, 2024)

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What is Ignyte Acquisition Price-to-Tangible-Book?

As of today (2024-06-18), Ignyte Acquisition's share price is $13.05. Ignyte Acquisition's Tangible Book per Share of Jun. 2022 for the quarter that ended in Jun. 2022 was $7.65. Hence, Ignyte Acquisition's Price to Tangible Book Ratio of today is 1.71.

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

IGNY's Price-to-Tangible-Book is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 1.81
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Ignyte Acquisition's share price is $13.05. Ignyte Acquisition's Book Value per Sharefor the quarter that ended in Jun. 2022 was $7.65. Hence, Ignyte Acquisition's P/B Ratio of today is 1.71.

Ignyte Acquisition Price-to-Tangible-Book Historical Data

The historical data trend for Ignyte Acquisition'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.

Ignyte Acquisition Price-to-Tangible-Book Chart

Ignyte Acquisition Annual Data

Trend

Dec20

Dec21

Price-to-Tangible-Book

1.28

Ignyte Acquisition Quarterly Data
	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Price-to-Tangible-Book	Get a 7-Day Free Trial			1.25	1.26	1.28	1.28	1.29

Competitive Comparison of Ignyte Acquisition's Price-to-Tangible-Book

For the Shell Companies subindustry, Ignyte Acquisition'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.

Ignyte Acquisition's Price-to-Tangible-Book Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Ignyte Acquisition's Price-to-Tangible-Book distribution charts can be found below:

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

Ignyte Acquisition Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2022 )
	=	13.05	/	7.653
	=	1.71

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.

Ignyte Acquisition Price-to-Tangible-Book Related Terms

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

Ignyte Acquisition (Ignyte Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Ignyte Acquisition Corp (NAS:IGNY) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

640 5th Avenue, 4th Floor, New York, NY, USA, 10019

Website

https://ignytespac.com

Ignyte Acquisition Corp is a blank check company.

Executives

Richard J Rosenstock	director	C/O GAINES BERLAND INC, 1055 STEWART AVENUE, BETHPAGE NY 11714
Cheryl Cohen	director	C/O MEDIVATION, INC., 201 SPEAR ST., 3RD FLOOR, SAN FRANCISCO CA 94105
Charles Wilson	director	C/O UNUM THERAPEUTICS, 200 CAMBRIDGEPARK DR., STE. 3100, CAMBRIDGE MA 02140
Ignyte Sponsor Llc	10 percent owner	640 5TH AVENUE, 4TH FLOOR, NEW YORK NY 10019
David I. Rosenberg	director, 10 percent owner, officer: Co-Chief Executive Officer	C/O IGNYTE ACQUISITION CORP., 640 5TH AVENUE, 4TH FLOOR, NEW YORK NY 10019
John Andrew Boockvar	director	C/O IGNYTE ACQUISITION CORP., 640 5TH AVENUE, 4TH FLOOR, NEW YORK NY 10019
David J. Strupp	director, 10 percent owner, officer: Co-Chief Executive Officer	107 DUNNING ROAD, NEW CANAAN CT 06840
Steven Neil Kaplan	director, officer: Chief Financial Officer	C/O IGNYTE ACQUISITION CORP., 640 5TH AVENUE, 4TH FLOOR, NEW YORK NY 10019
Deerfield Management Company, L.p. (series C)	10 percent owner, other: Possible Member of 10% Group	345 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10010
Deerfield Mgmt L.p.	10 percent owner, other: Possible Member of 10% Group	780 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Deerfield Partners, L.p.	10 percent owner, other: Possible Member of 10% Group	345 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10010
James E Flynn	10 percent owner, other: Possible Member of 10% Group	780 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017