CNGL (Canna Global Acquisition) ROE % Adjusted to Book Value: -0.53% (As of Mar. 2024)


CNGL Canna Global Acquisition Corp CNGL
36 GF Score
Price $9.05
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What is Canna Global Acquisition ROE % Adjusted to Book Value?

Canna Global Acquisition CNGL +0.56% 36 ROE % Adjusted to Book Value is -0.53% as of Mar. 2024. GuruFocus rates CNGL with a GF Score™ of 36/100.

Canna Global Acquisition's ROE % for the quarter that ended in Mar. 2024 was -46.72%. Canna Global Acquisition's PB Ratio for the quarter that ended in Mar. 2024 was 87.98. Canna Global Acquisition's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2024 was -0.53%.

Canna Global Acquisition ROE % Adjusted to Book Value Related Terms

Canna Global Acquisition ROE % Adjusted to Book Value Historical Data

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The historical data trend for Canna Global Acquisition's ROE % Adjusted to Book Value 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.

Canna Global Acquisition ROE % Adjusted to Book Value Chart

Canna Global Acquisition Annual Data
Trend Dec21 Dec22 Dec23
ROE % Adjusted to Book Value
0.00 0.05 -0.06

Canna Global Acquisition Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROE % Adjusted to Book Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.24 -1.81 0.56 0.01 -0.53

CNGL vs DTSQ, FSHP, HSPT: ROE % Adjusted to Book Value Comparison

For the Shell Companies subindustry, Canna Global Acquisition's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.

Canna Global Acquisition ROE % Adjusted to Book Value vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Canna Global Acquisition's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Canna Global Acquisition's ROE % Adjusted to Book Value falls into.


CNGL
36GF Score
Canna Global Acquisition Corp CNGL
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Canna Global Acquisition ROE % Adjusted to Book Value Calculation

Canna Global Acquisition's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2023 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-4.24% / 76.90
=-0.06%

Canna Global Acquisition's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2024 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-46.72% / 87.98
=-0.53%

* 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.

What does a ROE % Adjusted to Book Value of -0.53% mean?
Canna Global Acquisition (CNGL) has a ROE % Adjusted to Book Value of -0.53% as of Mar. 2024. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Canna Global Acquisition and its competitors.
Is Canna Global Acquisition's ROE % Adjusted to Book Value too high?
Canna Global Acquisition's current ROE % Adjusted to Book Value is -0.53%. Overall, Canna Global Acquisition has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Canna Global Acquisition's ROE % Adjusted to Book Value compare to DTSQ and FSHP?
Canna Global Acquisition's ROE % Adjusted to Book Value of -0.53% can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Diversified Financial Services company?
A good ROE % Adjusted to Book Value depends on the Diversified Financial Services industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Canna Global Acquisition and its competitors. Canna Global Acquisition's current ROE % Adjusted to Book Value is -0.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canna Global Acquisition stock overvalued right now?
Canna Global Acquisition (CNGL) has a current ROE % Adjusted to Book Value of -0.53%. The current ROE % Adjusted to Book Value is -0.53%. Canna Global Acquisition's overall GF Score™ is 36/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Canna Global Acquisition (CNGL), the current ROE % Adjusted to Book Value is -0.53% as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Canna Global Acquisition Business Description

Address 4640 Admiralty Way, Suite 500, Marina Del Rey, CA, USA, 90292
Canna Global Acquisition Corp is a blank check company.
36GF Score

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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