Bit Origin (Bit Origin) Price-to-Tangible-Book : 2.53 (As of May. 13, 2024)

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What is Bit Origin Price-to-Tangible-Book?

As of today (2024-05-13), Bit Origin's share price is $4.05. Bit Origin's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $1.60. Hence, Bit Origin's Price to Tangible Book Ratio of today is 2.53.

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

BTOG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.52 Med: 1.48 Max: 3.56
Current: 2.53

During the past 8 years, Bit Origin's highest Price to Tangible Book Ratio was 3.56. The lowest was 0.52. And the median was 1.48.

BTOG's Price-to-Tangible-Book is ranked worse than
67.55% of 721 companies
in the Capital Markets industry
Industry Median: 1.3 vs BTOG: 2.53

A closely related ratio is called PB Ratio. As of today, Bit Origin's share price is $4.05. Bit Origin's Book Value per Sharefor the quarter that ended in Dec. 2023 was $1.60. Hence, Bit Origin's P/B Ratio of today is 2.53.

Bit Origin Price-to-Tangible-Book Historical Data

The historical data trend for Bit Origin'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.

Bit Origin Price-to-Tangible-Book Chart

Bit Origin Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Price-to-Tangible-Book

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1.67

1.15

0.67

Bit Origin Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial											-	1.15	0.52	0.67	2.59

Competitive Comparison of Bit Origin's Price-to-Tangible-Book

For the Capital Markets subindustry, Bit Origin'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.

Bit Origin's Price-to-Tangible-Book Distribution in the Capital Markets Industry

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

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

Bit Origin Price-to-Tangible-Book Calculation

Bit Origin's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	4.05	/	1.602
	=	2.53

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.

Bit Origin Price-to-Tangible-Book Related Terms

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

Bit Origin (Bit Origin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Origin Ltd (NAS:BTOG) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Church Street, 27 Floor, Samsung Hub, Singapore, SGP, 049483

Website

https://bitorigin.io

Bit Origin Ltd is seeking opportunities in deploying new technologies, crypto asset mining and blockchain technologies in Singapore. The company has focused on building the Bitcoin mining ecosystem through incubations, strategic investments, and acquisitions.