Adit Edtech Acquisition (Adit Edtech Acquisition) Price-to-Tangible-Book : 7.98 (As of May. 22, 2024)

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What is Adit Edtech Acquisition Price-to-Tangible-Book?

As of today (2024-05-22), Adit Edtech Acquisition's share price is $5.38. Adit Edtech Acquisition's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $0.67. Hence, Adit Edtech Acquisition's Price to Tangible Book Ratio of today is 7.98.

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

ADEX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.24 Med: 1.31 Max: 15.83
Current: 8.03

During the past 3 years, Adit Edtech Acquisition's highest Price to Tangible Book Ratio was 15.83. The lowest was 1.24. And the median was 1.31.

ADEX's Price-to-Tangible-Book is not ranked
in the Diversified Financial Services industry.
Industry Median: 1.875 vs ADEX: 8.03

A closely related ratio is called PB Ratio. As of today, Adit Edtech Acquisition's share price is $5.38. Adit Edtech Acquisition's Book Value per Sharefor the quarter that ended in Sep. 2023 was $0.67. Hence, Adit Edtech Acquisition's P/B Ratio of today is 7.98.

Adit Edtech Acquisition Price-to-Tangible-Book Historical Data

The historical data trend for Adit Edtech 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.

Adit Edtech Acquisition Price-to-Tangible-Book Chart

Adit Edtech Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Price-to-Tangible-Book

1.32

7.37

Adit Edtech Acquisition Quarterly Data
	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial							1.30	7.37	8.12	8.80	15.83

Competitive Comparison of Adit Edtech Acquisition's Price-to-Tangible-Book

For the Shell Companies subindustry, Adit Edtech 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.

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

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

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

Adit Edtech Acquisition Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	5.38	/	0.674
	=	7.98

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.

Adit Edtech Acquisition Price-to-Tangible-Book 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 » Price-to-Tangible-Book

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