Canoo (GOEV) Price-to-Tangible-Book : 0.44 (As of May. 03, 2024)

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What is Canoo Price-to-Tangible-Book?

As of today (2024-05-03), Canoo's share price is $2.825. Canoo's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $6.49. Hence, Canoo's Price to Tangible Book Ratio of today is 0.44.

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

GOEV' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.42 Med: 3.6 Max: 5.76
Current: 0.44

During the past 5 years, Canoo's highest Price to Tangible Book Ratio was 5.76. The lowest was 0.42. And the median was 3.60.

GOEV's Price-to-Tangible-Book is ranked better than
90.89% of 1197 companies
in the Vehicles & Parts industry
Industry Median: 1.7 vs GOEV: 0.44

A closely related ratio is called PB Ratio. As of today, Canoo's share price is $2.825. Canoo's Book Value per Sharefor the quarter that ended in Dec. 2023 was $6.49. Hence, Canoo's P/B Ratio of today is 0.44.

Canoo Price-to-Tangible-Book Historical Data

The historical data trend for Canoo'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.

Canoo Price-to-Tangible-Book Chart

Canoo Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

5.76

5.35

1.85

0.91

Canoo Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial												1.85	1.23	1.17	1.93	0.91

Competitive Comparison of Canoo's Price-to-Tangible-Book

For the Auto Manufacturers subindustry, Canoo'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.

Canoo's Price-to-Tangible-Book Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Canoo's Price-to-Tangible-Book distribution charts can be found below:

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

Canoo Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.825	/	6.49
	=	0.44

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.

Canoo Price-to-Tangible-Book Related Terms

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

Canoo (GOEV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Canoo Inc (NAS:GOEV) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

GOEVW:USA 9XK:Germany 9XK:Germany

Address

19951 Mariner Avenue, Torrance, CA, USA, 90503

Website

https://www.canoo.com

Canoo Inc is a mobility technology company. The company designs and manufactures electric vehicles for both commercial and consumer markets. The product pipeline includes three vehicle programs: Electric delivery vehicles, Lifestyle vehicle, and Sports vehicle.

Executives

Hector M. Ruiz	officer: General Counsel, Corp Secy	C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503
Ramesh Murthy	officer: SVP, CAO and ICFO	19951 MARINER AVENUE, TORRANCE CA 90503
Josette Sheeran	director	C/O CANOO INC., 19951 MARINER AVE., TORRANCE CA 90503
Kenneth Manget	officer: Chief Financial Officer	C/O NORTHERN GENESIS ACQUISITION CORP., 4801 MAIN STREET, SUITE 1000, KANSAS CITY MO 64112
Tony Aquila	director, 10 percent owner, officer: Executive Chairman and CEO	2126 HAMILTON ROAD, SUITE 260, ARGYLE TX 76226
Dd Global Holdings Ltd	10 percent owner	WAN CHAI DISTRICT, NO. 6-8 HARBOUR RD., SHUI ON CENTRE, SUITE 1204-1207, HONG KONG K3 00000
De Capital Ltd	10 percent owner	RM 1204-07 SHUI ON CENTRE, NO.6-8 HARBOUR RD, WAN CHAI, HONG KONG K3 00000
Pak Tam Li	10 percent owner	RM 1204-07 SHUI ON CENTRE, NO.6-8 HARBOUR RD, WAN CHAI, HONG KONG K3 00000
Champ Key Ltd	10 percent owner	WAN CHAI DISTRICT, NO. 6-8 HARBOUR RD., SHUI ON CENTRE, SUITE 1204-1207, HONG KONG K3 00000
Remarkable Views Consultants Ltd.	10 percent owner	4F, NO. 13-19, SEC. 6, MINQUAN E. ROAD, NEIHU DIST., TAIPEI F5 114
Victor Chu	10 percent owner	C/O REMARKABLE VIEWS CONSULTANTS LTD., 4F, NO. 13-19, SEC. 6, MINQUAN E. ROAD, TAIPEI F5 114
Thomas A Dattilo	director	COOPER TIRE & RUBBER COMPANY, 701 LIMA AVENUE, FINDLAY OH 45840
Renato Giger	officer: SVP and Interim CFO	C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503
Edelman Claudia Romo	director	C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503
Arthur F Kingsbury	director	C/O CANOO INC., 19951 MARINER AVENUE, TORRANCE CA 90503