Feutune Light Acquisition (Feutune Light Acquisition) Price-to-Tangible-Book : 2.87 (As of May. 21, 2024)

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What is Feutune Light Acquisition Price-to-Tangible-Book?

As of today (2024-05-21), Feutune Light Acquisition's share price is $11.02. Feutune Light Acquisition's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $3.84. Hence, Feutune Light Acquisition's Price to Tangible Book Ratio of today is 2.87.

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

FLFV' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.31 Med: 1.8 Max: 2.88
Current: 2.87

During the past 2 years, Feutune Light Acquisition's highest Price to Tangible Book Ratio was 2.88. The lowest was 1.31. And the median was 1.80.

FLFV's Price-to-Tangible-Book is ranked worse than
67.54% of 496 companies
in the Diversified Financial Services industry
Industry Median: 1.89 vs FLFV: 2.87

A closely related ratio is called PB Ratio. As of today, Feutune Light Acquisition's share price is $11.02. Feutune Light Acquisition's Book Value per Sharefor the quarter that ended in Mar. 2024 was $3.84. Hence, Feutune Light Acquisition's P/B Ratio of today is 2.87.

Feutune Light Acquisition Price-to-Tangible-Book Historical Data

The historical data trend for Feutune Light Acquisition'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.

Feutune Light Acquisition Price-to-Tangible-Book Chart

Feutune Light Acquisition Annual Data

Trend

Dec22

Dec23

Price-to-Tangible-Book

1.34

1.80

Feutune Light Acquisition Quarterly Data
	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial				1.36	2.78	2.82	1.80	2.83

Competitive Comparison of Feutune Light Acquisition's Price-to-Tangible-Book

For the Shell Companies subindustry, Feutune Light Acquisition'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.

Feutune Light Acquisition's Price-to-Tangible-Book Distribution in the Diversified Financial Services Industry

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

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

Feutune Light Acquisition Price-to-Tangible-Book Calculation

Feutune Light Acquisition's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	11.02	/	3.842
	=	2.87

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.

Feutune Light Acquisition Price-to-Tangible-Book Related Terms

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

Feutune Light Acquisition (Feutune Light Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Feutune Light Acquisition Corp (NAS:FLFV) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

48 Bridge Street, Building A, Metuchen, NJ, USA, 08840

Website

Feutune Light Acquisition Corp is a newly organized blank check company.

Executives

Wenbing Wang	director	21ST FLOOR, BUILDING B, JIA MING CENTER, NO. 27 DONG SAN HUAN NORTH ROAD, CHAOYANG DISTRICT, BEIJING F4 100020
Michael Davidov	other: Former Director	60 EAST 42 STREET, NEW YORK NY 10165
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Yuanmei Ma	officer: CFO	ROOM 605A TOWER A, RAYCOM INFO TECH PARK, NO. 2 KEXUEYUAN S. RD., ZHONGGUANCUN, HAIDIAN DISTRICT, BEIJING F4 100080
Lei Xu	director, other: President and chairwoman	1818 LINDA VISTA CIR., FULLERTON CA 92831
Feutune Light Sponsor Llc	10 percent owner	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Xuedong Tian	director, officer: CEO and Director	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Sau Fong Yeung	10 percent owner	48 BRIDGE STREET, BUILDING A, METUCHEN NJ 08840
Kevin Vassily	director	C/O IPOWER INC., 2399 BATEMAN AVENUE, DUARTE CA 91010
Ping Li	director	A1 68 XINXIA STREET, PINGHU, LONGGANG, SHENZHEN, GUANDONG F4 518111