Nova Vision Acquisition (Nova Vision Acquisition) PB Ratio : 2.69 (As of Jun. 02, 2024)

View and export this data going back to 2021. Start your Free Trial

What is Nova Vision Acquisition PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-06-02), Nova Vision Acquisition's share price is $12.04. Nova Vision Acquisition's Book Value per Share for the quarter that ended in Mar. 2024 was $4.47. Hence, Nova Vision Acquisition's PB Ratio of today is 2.69.

The historical rank and industry rank for Nova Vision Acquisition's PB Ratio or its related term are showing as below:

NOVV' s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 2.79
Current: 2.69

During the past 3 years, Nova Vision Acquisition's highest PB Ratio was 2.79. The lowest was 0.00. And the median was 0.00.

NOVV's PB Ratio is ranked worse than
64.67% of 501 companies
in the Diversified Financial Services industry
Industry Median: 1.87 vs NOVV: 2.69

During the past 12 months, Nova Vision Acquisition's average Book Value Per Share Growth Rate was -8.80% per year.

Back to Basics: PB Ratio

Nova Vision Acquisition PB Ratio Historical Data

The historical data trend for Nova Vision Acquisition's PB Ratio 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.

Nova Vision Acquisition PB Ratio Chart

Nova Vision Acquisition Annual Data

Trend

Dec21

Dec22

Dec23

PB Ratio

1.28

2.14

2.55

Nova Vision Acquisition Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial								2.20	2.20	2.52	2.55	2.57

Competitive Comparison of Nova Vision Acquisition's PB Ratio

For the Shell Companies subindustry, Nova Vision Acquisition's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Nova Vision Acquisition's PB Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Nova Vision Acquisition's PB Ratio distribution charts can be found below:

* The bar in red indicates where Nova Vision Acquisition's PB Ratio falls into.

Nova Vision Acquisition PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Nova Vision Acquisition's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Mar. 2024)
	=	12.04	/	4.469
	=	2.69

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Nova Vision Acquisition (NAS:NOVV) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Nova Vision Acquisition PB Ratio Related Terms

Thank you for viewing the detailed overview of Nova Vision Acquisition's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Nova Vision Acquisition (Nova Vision Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Nova Vision Acquisition Corp (NAS:NOVV) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Havelock Road, No. 07-12, Singapore, SGP, 059763

Website

Nova Vision Acquisition Corp is a blank check company.

Executives

Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Wing Ho Ngan	director, 10 percent owner	3 OCEAN WAY,, #05-07,, SINGAPORE U0 098368
Ma Chun Fung Horace	director	FLAT C, 12/F, 42 BROADWAY, MEI FOO SUN CHUEN, KOWLOON, HONG KONG F4 999077
Cheng Tin Lun Brian	director	FLAT 1A, 33/F, CLOVELLY COURT, 12 MAY ROAD, HONG KONG F4 999077
Philip Richard Herbert	director	5B, KELLETT HTS, 61 MT KELLETT ROAD, PEAK, HONG KONG F4 999077
Wong Eric Ping Hang	director, officer: CEO & CFO	UNIT D, 48/F., TOWER 2,, SORRENTO,1 AUSTIN RD W, TSIM SHA TSUI,, KOWLOON, HONG KONG F4 00000
Nova Pulsar Holdings Ltd	10 percent owner	3 OCEAN WAY #5-7, SINGAPORE U0 098368