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Abits Group (Abits Group) Price-to-Tangible-Book : 2.57 (As of May. 14, 2024)


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What is Abits Group Price-to-Tangible-Book?

As of today (2024-05-14), Abits Group's share price is $0.73. Abits Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.28. Hence, Abits Group's Price to Tangible Book Ratio of today is 2.57.

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

ABTS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.95   Med: 4.01   Max: 35.75
Current: 2.61

During the past 5 years, Abits Group's highest Price to Tangible Book Ratio was 35.75. The lowest was 0.95. And the median was 4.01.

ABTS's Price-to-Tangible-Book is ranked worse than
68.38% of 721 companies
in the Capital Markets industry
Industry Median: 1.31 vs ABTS: 2.61

A closely related ratio is called PB Ratio. As of today, Abits Group's share price is $0.73. Abits Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.32. Hence, Abits Group's P/B Ratio of today is 2.30.


Abits Group Price-to-Tangible-Book Historical Data

The historical data trend for Abits 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.

Abits Group Price-to-Tangible-Book Chart

Abits Group Annual Data
Trend Sep19 Sep20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
- - 35.75 0.95 4.01

Abits Group Semi-Annual Data
Sep19 Sep20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Price-to-Tangible-Book Get a 7-Day Free Trial 35.75 0.97 0.95 2.03 4.01

Competitive Comparison of Abits Group's Price-to-Tangible-Book

For the Capital Markets subindustry, Abits 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.


Abits Group's Price-to-Tangible-Book Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Abits Group's Price-to-Tangible-Book distribution charts can be found below:

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



Abits Group Price-to-Tangible-Book Calculation

Abits 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 )
=0.73/0.284
=2.57

* 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:

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.


Abits Group Price-to-Tangible-Book Related Terms

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


Abits Group (Abits Group) Business Description

Traded in Other Exchanges
N/A
Address
30 Canton Road, Unit 911, Tower 2, Silvercord, Tsimshatsui, Hong Kong SAR, CHN
Abits Group Inc Formerly Moxian (BVI) Inc operates in the bitcoin mining industry. The company is engaged digital asset mining pools by executing contracts with mining pool operators to provide computing power to the mining pool. The Company provides computing power to the mining pool operator and is created as power is provided over time.
Executives
Deng Conglin director ROOM BC, 9TH FLOOR, FU HUA BUILDING, NO. 8 BEI DA STREET, CHAO YANG DISTRICT, BEIJING F4 100000

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