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Velocity Acquisition (Velocity Acquisition) Price-to-Tangible-Book : 1.30 (As of Jun. 06, 2024)


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What is Velocity Acquisition Price-to-Tangible-Book?

As of today (2024-06-06), Velocity Acquisition's share price is $10.02. Velocity Acquisition's Tangible Book per Share of Sep. 2022 for the quarter that ended in Sep. 2022 was $7.71. Hence, Velocity Acquisition's Price to Tangible Book Ratio of today is 1.30.

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

VELO'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, Velocity Acquisition's share price is $10.02. Velocity Acquisition's Book Value per Sharefor the quarter that ended in Sep. 2022 was $7.71. Hence, Velocity Acquisition's P/B Ratio of today is 1.30.

Velocity Acquisition Price-to-Tangible-Book Historical Data

The historical data trend for Velocity 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.

Velocity Acquisition Price-to-Tangible-Book Chart

Velocity Acquisition Annual Data
Trend Dec20 Dec21
Price-to-Tangible-Book
- 1.29

Velocity Acquisition Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Price-to-Tangible-Book Get a 7-Day Free Trial 1.33 1.29 1.29 1.27 1.27

Competitive Comparison of Velocity Acquisition's Price-to-Tangible-Book

For the Shell Companies subindustry, Velocity 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.

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

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

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


Velocity Acquisition Price-to-Tangible-Book Calculation

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

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Sep. 2022 )
=10.02/7.713
=1.30

* 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.

Velocity Acquisition Price-to-Tangible-Book Related Terms

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

Velocity Acquisition (Velocity Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Velocity Acquisition Corp (NAS:VELO) » Definitions » Price-to-Tangible-Book
Comparable Companies
LDHA OSI ZWRK IXAQ HWKZ ITQ GNAC OSTR VLAT TMAC GSHN PSTH XAMS:EPIC ASZ CCYC CVII KAHC DWAC IPOF PBAJ
Traded in Other Exchanges
N/A
Address
109 Old Branchville Road, Ridgefield, CT, USA, 06877
Website
https://www.velocityacq.co
Velocity Acquisition Corp is a blank check company.
Executives
Nicolas Brien officer: Chief Strategy Officer C/O CBS OUTDOOR AMERICAS INC., 405 LEXINGTON AVENUE, NEW YORK NY 10174
Ramin Arani director C/O LIVEXLIVE MEDIA, INC, 920 SUNSET BOULEVARD, SUITE #1201, WEST HOLLYWOOD CA 90069
Garrett Schreiber officer: Chief Financial Officer 3 MINETTA STREET, NEW YORK NY 10012
Sanjay Chadda director 3 MINETTA STREET, NEW YORK NY 10012
Michael Lastoria director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Steve Kassin director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Adrian Covey director, officer: Chief Executive Officer C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Velocity Sponsor Llc 10 percent owner C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Carla Hendra director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Judge Graham officer: Chief Digital Officer C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Velocity Sponsor Manager Llc 10 percent owner C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877