Good2Go4 (TSXV:GFOR.P) Price-to-Tangible-Book : 1.25 (As of Jun. 21, 2024)

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What is Good2Go4 Price-to-Tangible-Book?

As of today (2024-06-21), Good2Go4's share price is C$0.035. Good2Go4's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was C$0.03. Hence, Good2Go4's Price to Tangible Book Ratio of today is 1.25.

The historical rank and industry rank for Good2Go4's Price-to-Tangible-Book or its related term are showing as below:

TSXV:GFOR.P' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.17 Med: 2.29 Max: 2.86
Current: 1.17

During the past 3 years, Good2Go4's highest Price to Tangible Book Ratio was 2.86. The lowest was 1.17. And the median was 2.29.

TSXV:GFOR.P's Price-to-Tangible-Book is ranked better than
71.94% of 474 companies
in the Diversified Financial Services industry
Industry Median: 1.81 vs TSXV:GFOR.P: 1.17

A closely related ratio is called PB Ratio. As of today, Good2Go4's share price is C$0.035. Good2Go4's Book Value per Sharefor the quarter that ended in Mar. 2024 was C$0.03. Hence, Good2Go4's P/B Ratio of today is 1.25.

Good2Go4 Price-to-Tangible-Book Historical Data

The historical data trend for Good2Go4'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.

Good2Go4 Price-to-Tangible-Book Chart

Good2Go4 Annual Data

Trend

Jun21

Jun22

Jun23

Price-to-Tangible-Book

2.86

Good2Go4 Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial						2.16	2.86	2.42	1.90	1.96

Competitive Comparison of Good2Go4's Price-to-Tangible-Book

For the Shell Companies subindustry, Good2Go4'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.

Good2Go4's Price-to-Tangible-Book Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Good2Go4's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Good2Go4's Price-to-Tangible-Book falls into.

Good2Go4 Price-to-Tangible-Book Calculation

Good2Go4's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	0.035	/	0.028
	=	1.25

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.

Good2Go4 Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Good2Go4's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Good2Go4 (TSXV:GFOR.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Good2Go4 Corp (TSXV:GFOR.P) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 King Street West, Suite 1505, Toronto, ON, CAN, M5H 1A1

Website

Good2Go4 Corp is a capital pool company. The principal business of the Company is the identification and evaluation of assets or businesses with a view to completing a Qualifying transaction.

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