New Horizon Aircraft (New Horizon Aircraft) Price-to-Tangible-Book : (As of Jun. 07, 2024)

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What is New Horizon Aircraft Price-to-Tangible-Book?

As of today (2024-06-07), New Horizon Aircraft's share price is $0.72. New Horizon Aircraft's Tangible Book per Share of May. 2023 for the quarter that ended in May. 2023 was $-0.02. Hence, New Horizon Aircraft's Price to Tangible Book Ratio of today is .

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

HOVR's Price-to-Tangible-Book is not ranked ^*
in the Aerospace & Defense industry.
Industry Median: 2.95
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, New Horizon Aircraft's share price is $0.72. New Horizon Aircraft's Book Value per Sharefor the quarter that ended in May. 2023 was $-0.02. Hence, New Horizon Aircraft's P/B Ratio of today is .

New Horizon Aircraft Price-to-Tangible-Book Historical Data

The historical data trend for New Horizon Aircraft'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.

New Horizon Aircraft Price-to-Tangible-Book Chart

New Horizon Aircraft Annual Data

Trend

May22

May23

Price-to-Tangible-Book

New Horizon Aircraft Semi-Annual Data
	May22	May23
Price-to-Tangible-Book	-	-

Competitive Comparison of New Horizon Aircraft's Price-to-Tangible-Book

For the Aerospace & Defense subindustry, New Horizon Aircraft'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.

New Horizon Aircraft's Price-to-Tangible-Book Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where New Horizon Aircraft's Price-to-Tangible-Book falls into.

New Horizon Aircraft Price-to-Tangible-Book Calculation

New Horizon Aircraft's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: May. 2023 )
	=	0.72	/	-0.018
	=

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.

New Horizon Aircraft Price-to-Tangible-Book Related Terms

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

New Horizon Aircraft (New Horizon Aircraft) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » New Horizon Aircraft Ltd (NAS:HOVR) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

3187 Highway 35, Lindsay, ON, CAN, K9V 4R1

Website

New Horizon Aircraft Ltd is an advanced aerospace Original Equipment Manufacturer that is designing and aiming to build a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its unique aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, Floods and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.

New Horizon Aircraft (New Horizon Aircraft) Headlines

From GuruFocus

Horizon Aircraft Provides Corporate Update

By Marketwired • 04-16-2024