Concord Acquisition II (Concord Acquisition II) Price-to-Tangible-Book : 1.57 (As of May. 10, 2024)

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What is Concord Acquisition II Price-to-Tangible-Book?

As of today (2024-05-10), Concord Acquisition II's share price is $10.59. Concord Acquisition II's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $6.75. Hence, Concord Acquisition II's Price to Tangible Book Ratio of today is 1.57.

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

CNDA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.26 Med: 1.29 Max: 1.6
Current: 1.57

During the past 3 years, Concord Acquisition II's highest Price to Tangible Book Ratio was 1.60. The lowest was 1.26. And the median was 1.29.

CNDA's Price-to-Tangible-Book is ranked better than
57.62% of 505 companies
in the Diversified Financial Services industry
Industry Median: 1.83 vs CNDA: 1.57

A closely related ratio is called PB Ratio. As of today, Concord Acquisition II's share price is $10.59. Concord Acquisition II's Book Value per Sharefor the quarter that ended in Mar. 2024 was $6.75. Hence, Concord Acquisition II's P/B Ratio of today is 1.57.

Concord Acquisition II Price-to-Tangible-Book Historical Data

The historical data trend for Concord Acquisition II'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.

Concord Acquisition II Price-to-Tangible-Book Chart

Concord Acquisition II Annual Data

Trend

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.32

1.28

1.55

Concord Acquisition II Quarterly Data
	Feb21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial								1.29	1.29	1.60	1.55	1.56

Competitive Comparison of Concord Acquisition II's Price-to-Tangible-Book

For the Shell Companies subindustry, Concord Acquisition II'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.

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

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

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

Concord Acquisition II Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	10.59	/	6.747
	=	1.57

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.

Concord Acquisition II Price-to-Tangible-Book Related Terms

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

Concord Acquisition II (Concord Acquisition II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Concord Acquisition Corp II (NYSE:CNDA) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

477 Madison Avenue, New York, NY, USA, 10022

Website

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

Executives

Diamond Robert E. Jr.	director	BLACKROCK, INC., 40 EAST 52ND STREET, NEW YORK NY 10022
Lawrence E Leibowitz	director	C/O NYSE EURONEXT, 11 WALL STREET, NEW YORK NY 10005
Jeffrey Tuder	officer: Chief Executive Officer	6 GREENHOUSE DRIVE, PRINCETON NJ 08540
Thomas C. King	director	C/O CLEAR CHANNEL OUTDOOR HOLDINGS, INC., 4830 NORTH LOOP 1604W, SUITE 111, SAN ANTONIO TX 78249
Peter Ort	director	C/O CONCORD ACQUISITION CORP, 477 MADISON AVENUE, NEW YORK NY 10022
Michele Cito	officer: Chief Financial Officer	C/O CONCORD ACQUISITION CORP, 477 MADISON AVENUE, NEW YORK NY 10022
Henry Helgeson	director	477 MADISON AVENUE, C/O CONCORD ACQUISITION CORP., NEW YORK NY 10022
Concord Sponsor Group Ii Llc	10 percent owner	477 MADISON AVENUE, NEW YORK NY 10022

Concord Acquisition II (Concord Acquisition II) Headlines

From GuruFocus

Concord Acquisition Corp II Announces the Separate Trading of Its Class A Common Stock and Warrants Commencing on or About October 22, 2021

By PRNewswire PRNewswire • 10-20-2021

Concord Acquisition Corp II Announces Closing of $250 Million Initial Public Offering

By PRNewswire PRNewswire • 09-07-2021