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OmniLit Acquisition (OmniLit Acquisition) Price-to-Tangible-Book : 3.93 (As of Jun. 15, 2024)


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

As of today (2024-06-15), OmniLit Acquisition's share price is $8.44. OmniLit Acquisition's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $2.15. Hence, OmniLit Acquisition's Price to Tangible Book Ratio of today is 3.93.

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

OLIT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.34   Med: 4.5   Max: 4.94
Current: 3.93

During the past 2 years, OmniLit Acquisition's highest Price to Tangible Book Ratio was 4.94. The lowest was 1.34. And the median was 4.50.

OLIT's Price-to-Tangible-Book is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.805 vs OLIT: 3.93

A closely related ratio is called PB Ratio. As of today, OmniLit Acquisition's share price is $8.44. OmniLit Acquisition's Book Value per Sharefor the quarter that ended in Sep. 2023 was $2.15. Hence, OmniLit Acquisition's P/B Ratio of today is 3.93.

OmniLit Acquisition Price-to-Tangible-Book Historical Data

The historical data trend for OmniLit 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.

OmniLit Acquisition Price-to-Tangible-Book Chart

OmniLit Acquisition Annual Data
Trend Dec21 Dec22
Price-to-Tangible-Book
- 4.50

OmniLit Acquisition Quarterly Data
May21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.35 4.50 4.66 4.85 4.94

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

For the Shell Companies subindustry, OmniLit 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.

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

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

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


OmniLit Acquisition Price-to-Tangible-Book Calculation

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

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Sep. 2023 )
=8.44/2.145
=3.93

* 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.

OmniLit Acquisition Price-to-Tangible-Book Related Terms

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

OmniLit Acquisition (OmniLit Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » OmniLit Acquisition Corp (NAS:OLIT) » Definitions » Price-to-Tangible-Book
Comparable Companies
AFAR LBBB ROSE ROCL ITAQ JAQC SEPA WTMA INTE MBTC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1111 Lincoln Road, Suite 500, Miami Beach, FL, USA, 33139
Website
https://www.omnilitac.com
OmniLit Acquisition Corp is a blank check company.
Executives
Brent David Rosenthal director C/O WR HUFF ASSET MANAGEMENT, 67 PARK PLACE, MORRISTOWN NJ 07960
Albert Manzone director C/O MERISANT, AVENUE JEAN-JACQUES ROUSSEAU 7, NEUCHATEL V8 CH-2000
Walter A. Bishop director 813 REGENT DRIVE, WESTBURY NY 11590
Goldman Sachs & Co. Llc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc 10 percent owner 200 WEST STREET, NEW YORK NY 10282
Jeffrey A Altman 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Owl Creek Asset Management, L.p. 10 percent owner 640 FIFTH AVENUE, 20TH FLOOR, NEW YORK NY 10019
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
James M. Jenkins director 1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604
Kent R Weldon director C/O THOMAS H. LEE PARTNERS, L.P., 100 FEDERAL STREET, 35TH FLOOR, BOSTON MA 02110
Brian F. Hughes director 124 COLONIAL RIDGE DRIVE, HADDONFIELD NJ 08033
Mark D Norman director C/O ZIPCAR, INC., 25 FIRST STREET, 4TH FLOOR, CAMBRIDGE MA 02141
Skylar Jacobs officer: Chief Operating Officer 1 IRVING TERRACE, CAMBRIDGE MA 02138
Nelson Robert O Ii officer: CFO and Secretary 29 HIDDEN ROAD, WESTON MA 02493
Alok Kapoor director, 10 percent owner, officer: Chairman and CEO 157 BEAVER, WESTON MA 02493