Petra Acquisition (Petra Acquisition) Price-to-Tangible-Book : 1.13 (As of May. 06, 2024)

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

As of today (2024-05-06), Petra Acquisition's share price is $8.32. Petra Acquisition's Tangible Book per Share of Sep. 2021 for the quarter that ended in Sep. 2021 was $7.35. Hence, Petra Acquisition's Price to Tangible Book Ratio of today is 1.13.

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

PAIC's Price-to-Tangible-Book is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 1.83
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Petra Acquisition's share price is $8.32. Petra Acquisition's Book Value per Sharefor the quarter that ended in Sep. 2021 was $7.35. Hence, Petra Acquisition's P/B Ratio of today is 1.13.

Petra Acquisition Price-to-Tangible-Book Historical Data

The historical data trend for Petra 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.

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Petra Acquisition Price-to-Tangible-Book Chart

Petra Acquisition Annual Data

Trend

Dec19

Dec20

Price-to-Tangible-Book

1.35

Petra Acquisition Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Price-to-Tangible-Book	Get a 7-Day Free Trial			-	1.35	1.32	1.35	1.37

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

For the Shell Companies subindustry, Petra 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.

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

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

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

Petra Acquisition Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2021 )
	=	8.32	/	7.354
	=	1.13

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.

Petra Acquisition Price-to-Tangible-Book Related Terms

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