Adit Edtech Acquisition (Adit Edtech Acquisition) Book Value per Share : $0.67 (As of Sep. 2023)

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What is Adit Edtech Acquisition Book Value per Share?

Adit Edtech Acquisition's book value per share for the quarter that ended in Sep. 2023 was $0.67.

During the past 12 months, Adit Edtech Acquisition's average Book Value Per Share Growth Rate was -91.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

Adit Edtech Acquisition's current price is $5.38. Its book value per share for the quarter that ended in Sep. 2023 was $0.67. Hence, today's PB Ratio of Adit Edtech Acquisition is 7.98.

During the past 3 years, the highest P/B Ratio of Adit Edtech Acquisition was 27.95. The lowest was 0.00. And the median was 0.00.

Adit Edtech Acquisition Book Value per Share Historical Data

The historical data trend for Adit Edtech Acquisition's Book Value per Share 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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Adit Edtech Acquisition Book Value per Share Chart

Adit Edtech Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Book Value per Share

7.50

1.37

Adit Edtech Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Book Value per Share	Get a 7-Day Free Trial							7.64	1.37	1.27	1.20	0.67

Competitive Comparison of Adit Edtech Acquisition's Book Value per Share

For the Shell Companies subindustry, Adit Edtech Acquisition's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Adit Edtech Acquisition's PB Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Adit Edtech Acquisition's PB Ratio distribution charts can be found below:

* The bar in red indicates where Adit Edtech Acquisition's PB Ratio falls into.

Adit Edtech Acquisition Book Value per Share Calculation

Adit Edtech Acquisition's Book Value Per Share for the fiscal year that ended in Dec. 2022 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(12.85	-	0.00)	/	9.37
	=	1.37

Adit Edtech Acquisition's Book Value Per Share for the quarter that ended in Sep. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(6.00	-	0.00)	/	8.90
	=	0.67

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Adit Edtech Acquisition (AMEX:ADEX) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Adit Edtech Acquisition Book Value per Share Related Terms

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Adit Edtech Acquisition (Adit Edtech Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Adit Edtech Acquisition Corp (AMEX:ADEX) » Definitions » Book Value per Share

Comparable Companies

Traded in Other Exchanges

N/A

Address

1345 Avenue of the Americas, 33rd Floor, New York, NY, USA, 10105

Website

https://www.aditedtech.com

Adit Edtech Acquisition Corp is a blank check company.

Executives

Sharmila Kassam	director	4103 IDLEWILD ROAD, AUSTIN TX 78731
Elizabeth B. Porter	officer: See Remarks	44 FENNO RD, NEWTON MA 02459
David L. Shrier	director, officer: President and CEO	250 1ST AVE, UNIT 336, CHARLESTOWN MA 02129
Jacob Cohen	director	613 PLEASANT STREET, BELMONT MA 02478
Sheldon H. Levy	director	704 BALLIOL STREET, TORONTO Z4 M4S 1E7
John J. D'agostino	officer: See Remarks	201 E 79TH STREET 6A, NEW YORK CITY NY 10075
Adit Edtech Sponsor, Llc	10 percent owner	515 NORTH FLAGLER DRIVE, SUITE P-300, WEST PALM BEACH FL 33401
Eric L Munson	director	1100 SE ATLANTIC DRIVE, LANTANA FL 33462