Automotive Finco (Automotive Finco) Price-to-Tangible-Book : 0.43 (As of Jun. 23, 2024)

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What is Automotive Finco Price-to-Tangible-Book?

As of today (2024-06-23), Automotive Finco's share price is $0.3949. Automotive Finco's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $0.92. Hence, Automotive Finco's Price to Tangible Book Ratio of today is 0.43.

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

RMIAF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.37 Med: 0.81 Max: 1.5
Current: 0.37

During the past 13 years, Automotive Finco's highest Price to Tangible Book Ratio was 1.50. The lowest was 0.37. And the median was 0.81.

RMIAF's Price-to-Tangible-Book is ranked better than
89.56% of 498 companies
in the Credit Services industry
Industry Median: 1.04 vs RMIAF: 0.37

A closely related ratio is called PB Ratio. As of today, Automotive Finco's share price is $0.3949. Automotive Finco's Book Value per Sharefor the quarter that ended in Mar. 2024 was $0.92. Hence, Automotive Finco's P/B Ratio of today is 0.43.

Automotive Finco Price-to-Tangible-Book Historical Data

The historical data trend for Automotive Finco'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.

Automotive Finco Price-to-Tangible-Book Chart

Automotive Finco Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.88

0.92

1.49

1.86

0.33

Automotive Finco Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.25	1.19	1.19	0.33	0.33

Competitive Comparison of Automotive Finco's Price-to-Tangible-Book

For the Credit Services subindustry, Automotive Finco'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.

Automotive Finco's Price-to-Tangible-Book Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Automotive Finco's Price-to-Tangible-Book distribution charts can be found below:

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

Automotive Finco Price-to-Tangible-Book Calculation

Automotive Finco's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	0.3949	/	0.92
	=	0.43

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.

Automotive Finco Price-to-Tangible-Book Related Terms

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

Automotive Finco (Automotive Finco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Automotive Finco Corp (OTCPK:RMIAF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

AFCC.H:Canada

Address

Yonge King, PO Box 17026, Toronto, ON, CAN, M5E 1Y2

Website

https://www.autofincocorp.com

Automotive Finco Corp p is a finance company focused exclusively on the auto retail sector. The company also pursues other direct investments and financing opportunities across the auto retail sector. Through its investment in Automotive Finance LP, it is engaged in the business of lending and administering investment funds. The Company has only one operating segment: Investment issuer focused on providing debt financing and making other investments in the auto retail sector.