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Logistics Innovation Technologies (Logistics Innovation Technologies) Price-to-Tangible-Book : 1.31 (As of Jun. 14, 2024)


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What is Logistics Innovation Technologies Price-to-Tangible-Book?

As of today (2024-06-14), Logistics Innovation Technologies's share price is $10.24. Logistics Innovation Technologies's Tangible Book per Share of Mar. 2023 for the quarter that ended in Mar. 2023 was $7.82. Hence, Logistics Innovation Technologies's Price to Tangible Book Ratio of today is 1.31.

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

LITT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.26   Med: 1.28   Max: 1.32
Current: 1.31

During the past 2 years, Logistics Innovation Technologies's highest Price to Tangible Book Ratio was 1.32. The lowest was 1.26. And the median was 1.28.

LITT's Price-to-Tangible-Book is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.805 vs LITT: 1.31

A closely related ratio is called PB Ratio. As of today, Logistics Innovation Technologies's share price is $10.24. Logistics Innovation Technologies's Book Value per Sharefor the quarter that ended in Mar. 2023 was $7.82. Hence, Logistics Innovation Technologies's P/B Ratio of today is 1.31.

Logistics Innovation Technologies Price-to-Tangible-Book Historical Data

The historical data trend for Logistics Innovation Technologies'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.

Logistics Innovation Technologies Price-to-Tangible-Book Chart

Logistics Innovation Technologies Annual Data
Trend Dec21 Dec22
Price-to-Tangible-Book
1.31 1.28

Logistics Innovation Technologies Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only 1.28 1.27 1.26 1.28 1.30

Competitive Comparison of Logistics Innovation Technologies's Price-to-Tangible-Book

For the Shell Companies subindustry, Logistics Innovation Technologies'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.

Logistics Innovation Technologies's Price-to-Tangible-Book Distribution in the Diversified Financial Services Industry

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

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


Logistics Innovation Technologies Price-to-Tangible-Book Calculation

Logistics Innovation Technologies's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2023 )
=10.24/7.823
=1.31

* 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.

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.

Logistics Innovation Technologies Price-to-Tangible-Book Related Terms

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

Logistics Innovation Technologies (Logistics Innovation Technologies) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Logistics Innovation Technologies Corp (NAS:LITT) » Definitions » Price-to-Tangible-Book
Comparable Companies
CFVI TWND SUAC VCXB BCSA DTOC SVFC TRTL ACRO NFYS GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
3495 Piedmont Road North East, Boulevard 11, Suite 710, One Piedmont Center, Atlanta, GA, USA, 30305
Website
Logistics Innovation Technologies Corp is a blank check company.
Executives
Andrew C Clarke director 430 AIRPORT ROAD, GREENVILLIE TN 37745
Chris T. Sultemeier director 1650 JOHN KING BLVD, #3602, ROCKWALL TX 75032
Alan Gershenhorn director, officer: CEO and Chairman 55 GLENLAKE PARKWAY NE, ATLANTA GA 30328
Isaac Applbaum 10 percent owner 65 CHALLENGER ROAD, C/O VECTOR INTERSECT SECURITY ACQ. CORP., RIDGEFILED PARK NJ 07660
Bruno Sidler director 15350 VICKERY DRIVE, HOUSTON TX 77032
1p Management Llc director, 10 percent owner 3348 PEACHTREE ROAD, SUITE 700, ATLANTA GA 30326