Hero Innovation Group (XCNQ:HRO) Price-to-Tangible-Book : (As of Jun. 07, 2024)

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What is Hero Innovation Group Price-to-Tangible-Book?

As of today (2024-06-07), Hero Innovation Group's share price is C$0.145. Hero Innovation Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$-0.07. Hence, Hero Innovation Group's Price to Tangible Book Ratio of today is .

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

During the past 5 years, Hero Innovation Group's highest Price to Tangible Book Ratio was 41.43. The lowest was 21.43. And the median was 31.43.

XCNQ:HRO's Price-to-Tangible-Book is not ranked ^*
in the Software industry.
Industry Median: 3.44
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Hero Innovation Group's share price is C$0.145. Hero Innovation Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$-0.07. Hence, Hero Innovation Group's P/B Ratio of today is .

Hero Innovation Group Price-to-Tangible-Book Historical Data

The historical data trend for Hero Innovation Group'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.

Hero Innovation Group Price-to-Tangible-Book Chart

Hero Innovation Group Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Price-to-Tangible-Book

Hero Innovation Group Quarterly Data
	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													-	-	-	-	-

Competitive Comparison of Hero Innovation Group's Price-to-Tangible-Book

For the Software - Infrastructure subindustry, Hero Innovation Group'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.

Hero Innovation Group's Price-to-Tangible-Book Distribution in the Software Industry

For the Software industry and Technology sector, Hero Innovation Group's Price-to-Tangible-Book distribution charts can be found below:

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

Hero Innovation Group Price-to-Tangible-Book Calculation

Hero Innovation Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.145	/	-0.07
	=

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.

Hero Innovation Group Price-to-Tangible-Book Related Terms

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

Hero Innovation Group (XCNQ:HRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hero Innovation Group Inc (XCNQ:HRO) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

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Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.heroinnovationgroup.com

Hero Innovation Group Inc is a financial technology company. The company delivers innovative financial solutions for the next generation of consumers whose parents demand safety, security, and peace of mind while promoting financial literacy for the future. The company's products include Hero financials and SideKick Card.

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