TMT Acquisition (TMT Acquisition) Price-to-Tangible-Book : 1.40 (As of May. 20, 2024)

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What is TMT Acquisition Price-to-Tangible-Book?

As of today (2024-05-20), TMT Acquisition's share price is $10.90. TMT Acquisition's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $7.76. Hence, TMT Acquisition's Price to Tangible Book Ratio of today is 1.40.

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

TMTC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.37 Med: 1.37 Max: 1.4
Current: 1.4

During the past 3 years, TMT Acquisition's highest Price to Tangible Book Ratio was 1.40. The lowest was 1.37. And the median was 1.37.

TMTC's Price-to-Tangible-Book is ranked better than
63.51% of 496 companies
in the Diversified Financial Services industry
Industry Median: 1.905 vs TMTC: 1.40

A closely related ratio is called PB Ratio. As of today, TMT Acquisition's share price is $10.90. TMT Acquisition's Book Value per Sharefor the quarter that ended in Dec. 2023 was $7.76. Hence, TMT Acquisition's P/B Ratio of today is 1.40.

TMT Acquisition Price-to-Tangible-Book Historical Data

The historical data trend for TMT 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.

TMT Acquisition Price-to-Tangible-Book Chart

TMT Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.37

TMT Acquisition Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial					-	-	1.34	1.36	1.37

Competitive Comparison of TMT Acquisition's Price-to-Tangible-Book

For the Shell Companies subindustry, TMT 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.

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

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

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

TMT Acquisition Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	10.90	/	7.759
	=	1.40

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.

TMT Acquisition Price-to-Tangible-Book Related Terms

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

TMT Acquisition (TMT Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » TMT Acquisition Corp (NAS:TMTC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Fifth Avenue, Suite 938, New York, NY, USA, 10110

Website

TMT Acquisition Corp is a newly organized blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

2tm Holding Lp	10 percent owner	500 FIFTH AVENUE, SUITE 938, NEW YORK NY 10110
Christopher Constable	director	3000 NW 109TH AVE, MIAMI FL 33172
Dajiang Guo	director, officer: Chief Executive Officer	C/O ALPHATIME ACQUISITION CORP, 500 5TH AVENUE, SUITE 938, NEW YORK NY 10110
Jichuan Yang	officer: Chief Financial Officer	C/O ALPHATIME ACQUISITION CORP, 500 5TH AVENUE, SUITE 938, NEW YORK NY 10110
James Edward Burns	director	3322 DESERT INN, MONTGOMERY TX 77356
Kenan Gong	director	C/O ALPHATIME ACQUISITION CORP, 500 5TH AVENUE, SUITE 938, NEW YORK NY 10110

TMT Acquisition (TMT Acquisition) Headlines

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