Freight Technologies (Freight Technologies) PB Ratio : 0.59 (As of May. 23, 2024)

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What is Freight Technologies 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 (2024-05-23), Freight Technologies's share price is $0.70. Freight Technologies's Book Value per Share for the quarter that ended in Dec. 2023 was $1.19. Hence, Freight Technologies's PB Ratio of today is 0.59.

The historical rank and industry rank for Freight Technologies's PB Ratio or its related term are showing as below:

FRGT' s PB Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.64 Max: 2.95
Current: 0.62

During the past 6 years, Freight Technologies's highest PB Ratio was 2.95. The lowest was 0.15. And the median was 0.64.

FRGT's PB Ratio is ranked better than
93.87% of 2578 companies
in the Software industry
Industry Median: 2.72 vs FRGT: 0.62

During the past 12 months, Freight Technologies's average Book Value Per Share Growth Rate was -93.70% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Freight Technologies was -32.10% per year. The lowest was -32.10% per year. And the median was -32.10% per year.

Back to Basics: PB Ratio

Freight Technologies PB Ratio Historical Data

The historical data trend for Freight Technologies'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.

Freight Technologies PB Ratio Chart

Freight Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

Get a 7-Day Free Trial

1.21

2.82

Freight Technologies Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial					-	5.01	1.21	1.28	2.82

Competitive Comparison of Freight Technologies's PB Ratio

For the Software - Application subindustry, Freight Technologies'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.

Freight Technologies's PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Freight Technologies's PB Ratio distribution charts can be found below:

* The bar in red indicates where Freight Technologies's PB Ratio falls into.

Freight Technologies 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.

Freight Technologies's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	0.70	/	1.191
	=	0.59

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.

Freight Technologies (NAS:FRGT) 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.

Freight Technologies PB Ratio Related Terms

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Freight Technologies (Freight Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Freight Technologies Inc (NAS:FRGT) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

2001 Timberloch Place, Suite 500, The Woodlands, TX, USA, 77380

Website

https://www.fr8technologies.com

Freight Technologies Inc is a technology company developing solutions to optimize and automate the supply chain process. Along with its subsidiary, Freight App, Inc, the group is focused on making shipping transparent and efficient. Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility, and simplicity for the once-complex process of international over-the-road (OTR) shipping. It uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions.