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Pine Island Acquisition (Pine Island Acquisition) Price-to-Tangible-Book : 1.33 (As of Jun. 06, 2024)


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What is Pine Island Acquisition Price-to-Tangible-Book?

As of today (2024-06-06), Pine Island Acquisition's share price is $10.03. Pine Island Acquisition's Tangible Book per Share of Jun. 2022 for the quarter that ended in Jun. 2022 was $7.55. Hence, Pine Island Acquisition's Price to Tangible Book Ratio of today is 1.33.

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

PIPP's Price-to-Tangible-Book is not ranked *
in the Diversified Financial Services industry.
Industry Median: 1.875
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Pine Island Acquisition's share price is $10.03. Pine Island Acquisition's Book Value per Sharefor the quarter that ended in Jun. 2022 was $7.55. Hence, Pine Island Acquisition's P/B Ratio of today is 1.33.

Pine Island Acquisition Price-to-Tangible-Book Historical Data

The historical data trend for Pine Island 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.

Pine Island Acquisition Price-to-Tangible-Book Chart

Pine Island Acquisition Annual Data
Trend Dec20 Dec21
Price-to-Tangible-Book
- 1.35

Pine Island Acquisition Quarterly Data
Aug20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Price-to-Tangible-Book Get a 7-Day Free Trial 1.35 1.33 1.35 1.32 1.31

Competitive Comparison of Pine Island Acquisition's Price-to-Tangible-Book

For the Shell Companies subindustry, Pine Island 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.

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

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

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


Pine Island Acquisition Price-to-Tangible-Book Calculation

Pine Island 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 )
=10.03/7.552
=1.33

* 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.

Pine Island Acquisition Price-to-Tangible-Book Related Terms

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

Pine Island Acquisition (Pine Island Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Pine Island Acquisition Corp (NYSE:PIPP) » Definitions » Price-to-Tangible-Book
Comparable Companies
SKYA GLHA CNGL EQHA XPAX VCXA TWOA ROC HAIA FZT GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
2455 E. Sunrise Boulevard, Suite 1205, Fort Lauderdale, FL, USA, 33304
Website
https://www.pineislandac.com
Pine Island Acquisition Corp is a blank check company.
Executives
Michael E Roemer director AMERICAN INTERNATIONAL GROUP, INC., 70 PINE STREET, NEW YORK NY 10270
John A Thain director, officer: Chairman of the Board C/O CIT GROUP, 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
Bridge Charles G Jr officer: CFO and Secretary 2455 E. SUNRISE BLVD., SUITE 1205, FORT LAUDERDALE FL 33304
Capricia P Marshall director 2455 E. SUNRISE BLVD., SUITE 1205, FORT LAUDERDALE FL 33304
Philip A Cooper director, officer: CEO and President 2455 E. SUNRISE BLVD, SUITE 1205, FORT LAUDERDALE FL 33304
Pine Island Sponsor Llc 10 percent owner 2455 E. SUNRISE BLVD., SUITE 1205, FORT LAUDERDALE FL 33304
Stuart W Holliday director 2455 E. SUNRISE BLVD., SUITE 1205, FORT LAUDERDALE FL 33304