TortoiseEcofin Acquisition III (TortoiseEcofin Acquisition III) PB Ratio : 1.63 (As of May. 10, 2024)

TortoiseEcofin Acquisition III PB Ratio Chart

TortoiseEcofin Acquisition III Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial							1.28	1.30	1.30	1.29	1.60

Competitive Comparison of TortoiseEcofin Acquisition III's PB Ratio

For the Shell Companies subindustry, TortoiseEcofin Acquisition III'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.

TortoiseEcofin Acquisition III's PB Ratio Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where TortoiseEcofin Acquisition III's PB Ratio falls into.

TortoiseEcofin Acquisition III 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.

TortoiseEcofin Acquisition III's PB Ratio for today is calculated as follows:

* 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.

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

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.

TortoiseEcofin Acquisition III  (NYSE:TRTL) 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.

TortoiseEcofin Acquisition III PB Ratio Related Terms

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TortoiseEcofin Acquisition III (TortoiseEcofin Acquisition III) Business Description