Drone Delivery Canada (TSXV:FLT) Price-to-Tangible-Book : 6.79 (As of May. 27, 2024)

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What is Drone Delivery Canada Price-to-Tangible-Book?

As of today (2024-05-27), Drone Delivery Canada's share price is C$0.265. Drone Delivery Canada's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$0.04. Hence, Drone Delivery Canada's Price to Tangible Book Ratio of today is 6.79.

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

TSXV:FLT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.38 Med: 6.1 Max: 30
Current: 6.63

During the past 13 years, Drone Delivery Canada's highest Price to Tangible Book Ratio was 30.00. The lowest was 0.38. And the median was 6.10.

TSXV:FLT's Price-to-Tangible-Book is ranked worse than
90.43% of 2298 companies
in the Hardware industry
Industry Median: 2.06 vs TSXV:FLT: 6.63

A closely related ratio is called PB Ratio. As of today, Drone Delivery Canada's share price is C$0.265. Drone Delivery Canada's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$0.04. Hence, Drone Delivery Canada's P/B Ratio of today is 6.46.

Drone Delivery Canada Price-to-Tangible-Book Historical Data

The historical data trend for Drone Delivery Canada'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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Drone Delivery Canada Price-to-Tangible-Book Chart

Drone Delivery Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

9.88

6.56

5.64

3.54

4.10

Drone Delivery Canada Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															3.54	6.03	6.49	5.31	4.10

Competitive Comparison of Drone Delivery Canada's Price-to-Tangible-Book

For the Computer Hardware subindustry, Drone Delivery Canada'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.

Drone Delivery Canada's Price-to-Tangible-Book Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Drone Delivery Canada's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Drone Delivery Canada's Price-to-Tangible-Book falls into.

Drone Delivery Canada Price-to-Tangible-Book Calculation

Drone Delivery Canada's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.265	/	0.039
	=	6.79

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.

Drone Delivery Canada Price-to-Tangible-Book Related Terms

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

Drone Delivery Canada (TSXV:FLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Drone Delivery Canada Corp (TSXV:FLT) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

TAKOF:USA ABBA:Germany

Address

6-6221 Highway 7, Vaughan, ON, CAN, L4H 0K8

Website

https://www.dronedeliverycanada.com

Drone Delivery Canada Corp is a developmental technology company. It focuses on designing, developing, and implementing a commercially viable drone delivery system within Canadian geography. The company develops drone technology to provide retailers, service organizations, and government agencies a just in time delivery service. It provides a few service options such as Depot to Depot which is focused on rural applications providing services from warehouse to warehouse and Depot to consumer offering logistics services from a retailer and warehouse direct to a consumer's home or business location.

Executives

Michael Della Fortuna

Director

Drone Delivery Canada (TSXV:FLT) Headlines

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