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TG Venture Acquisition (TG Venture Acquisition) Price-to-Tangible-Book : 5.10 (As of May. 16, 2024)


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What is TG Venture Acquisition Price-to-Tangible-Book?

As of today (2024-05-16), TG Venture Acquisition's share price is $10.81. TG Venture Acquisition's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $2.12. Hence, TG Venture Acquisition's Price to Tangible Book Ratio of today is 5.10.

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

TGVC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.2   Med: 1.24   Max: 5.1
Current: 5.1

During the past 2 years, TG Venture Acquisition's highest Price to Tangible Book Ratio was 5.10. The lowest was 1.20. And the median was 1.24.

TGVC's Price-to-Tangible-Book is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.805 vs TGVC: 5.10

A closely related ratio is called PB Ratio. As of today, TG Venture Acquisition's share price is $10.81. TG Venture Acquisition's Book Value per Sharefor the quarter that ended in Sep. 2023 was $2.12. Hence, TG Venture Acquisition's P/B Ratio of today is 5.10.

TG Venture Acquisition Price-to-Tangible-Book Historical Data

The historical data trend for TG Venture 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.

TG Venture Acquisition Price-to-Tangible-Book Chart

TG Venture Acquisition Annual Data
Trend Dec21 Dec22
Price-to-Tangible-Book
1.20 1.25

TG Venture Acquisition Quarterly Data
Mar21 Jun21 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 Premium Member Only 1.22 1.25 1.28 4.57 5.00

Competitive Comparison of TG Venture Acquisition's Price-to-Tangible-Book

For the Shell Companies subindustry, TG Venture 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.

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

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

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


TG Venture Acquisition Price-to-Tangible-Book Calculation

TG Venture 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 )
=10.81/2.12
=5.10

* 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.

TG Venture Acquisition Price-to-Tangible-Book Related Terms

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

TG Venture Acquisition (TG Venture Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TG Venture Acquisition Corp (NAS:TGVC) » Definitions » Price-to-Tangible-Book
Comparable Companies
AOGO NOVV BREZ HUDA WINV AQU ACAX MTRY PCCT DHAC PBAJ SVMB SCRM CVII AAC GHIX ALCC AACT DWAC SAGA
Traded in Other Exchanges
N/A
Address
1390 Market Street, Suite 200, San Francisco, CA, USA, 94102
Website
https://www.tgventureacquisition.com
TG Venture Acquisition Corp is a newly organized, blank check company.
Executives
Wolverine Asset Management Llc 10 percent owner 175 WEST JACKSON, SUITE 340, CHICAGO IL 60604
High Income Securities Fund 10 percent owner US BANCORP FUND SERVICES LLC, 615 EAST MICHIGAN STREET, MILWAUKEE WI 53202
Special Opportunities Fund, Inc. 10 percent owner C/O US BANCORP FUND SERVICES, LLC, 615 EAST MICHIGAN AVENUE, MILWAUKEE WI 53202
Phillip Goldstein 10 percent owner 60 HERITAGE DRIVE, PLEASANTVILLE NY 10570
Andrew Dakos 10 percent owner 250 PEHLE AVE., SUITE 708, SADDLE BROOK NJ 07663
Investors, Llp Bulldog 10 percent owner PARK 80 WEST - PLAZA TWO, 250 PEHLE AVE. SUITE 708, SADDLE BROOK NJ 07663
Patrick Tsang director, 10 percent owner, officer: Chairman and CEO WICKHAMS CARY II, PO BOX 3170, ROAD TOWN, TORTOLA D8 00000
Philip Benedict Rettger director, officer: CFO PO BOX 605, KETTLE FALLS, WASHINGTON WA 99141
Ma Jason Cheng Yuen director 2121 AVENUE OF THE STARS,, SUITE 2320, LOS ANGELES CA 90067
Komal Ahmad director 300 BERRY STREET, #1313, SAN FRANCISCO CA 94158
Michael Lewis Alexander director SUITE 1975, LEVEL 19, TWO IFC,, 8 FINANCE STREET, HONG KONG F4 00000
Tsangs Group Holdings Ltd 10 percent owner ROOM 6801, 68TH FLOOR,, 99 QUEENS ROAD CENTRAL, CENTRAL,, HONG KONG F4 999077