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Magic Empire Global (Magic Empire Global) Price-to-Tangible-Book : 0.75 (As of May. 14, 2024)


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What is Magic Empire Global Price-to-Tangible-Book?

As of today (2024-05-14), Magic Empire Global's share price is $0.6352. Magic Empire Global's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $0.85. Hence, Magic Empire Global's Price to Tangible Book Ratio of today is 0.75.

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

MEGL' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.73   Med: 1.44   Max: 1.49
Current: 0.75

During the past 4 years, Magic Empire Global's highest Price to Tangible Book Ratio was 1.49. The lowest was 0.73. And the median was 1.44.

MEGL's Price-to-Tangible-Book is ranked better than
73.93% of 721 companies
in the Capital Markets industry
Industry Median: 1.3 vs MEGL: 0.75

A closely related ratio is called PB Ratio. As of today, Magic Empire Global's share price is $0.6352. Magic Empire Global's Book Value per Sharefor the quarter that ended in Dec. 2023 was $0.85. Hence, Magic Empire Global's P/B Ratio of today is 0.75.

Magic Empire Global Price-to-Tangible-Book Historical Data

The historical data trend for Magic Empire Global'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.

Magic Empire Global Price-to-Tangible-Book Chart

Magic Empire Global Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
- - 1.49 1.39

Magic Empire Global Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Price-to-Tangible-Book Get a 7-Day Free Trial - - 1.49 2.00 1.39

Competitive Comparison of Magic Empire Global's Price-to-Tangible-Book

For the Capital Markets subindustry, Magic Empire Global'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.

Magic Empire Global's Price-to-Tangible-Book Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Magic Empire Global's Price-to-Tangible-Book distribution charts can be found below:

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


Magic Empire Global Price-to-Tangible-Book Calculation

Magic Empire Global's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=0.6352/0.849
=0.75

* 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:

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.

Magic Empire Global Price-to-Tangible-Book Related Terms

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

Magic Empire Global (Magic Empire Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Magic Empire Global Ltd (NAS:MEGL) » Definitions » Price-to-Tangible-Book
Comparable Companies
TCJH BTCS ATIF MIGI COHN BETS SAI OLKR PHIL CRMZ MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW SHSE:601688
Traded in Other Exchanges
N/A
Address
3/F, 8 Wyndham Street, Central, Hong Kong, HKG
Website
https://www.meglmagic.com
Magic Empire Global Ltd is a financial services provider in Hong Kong which principally engaged in the provision of corporate finance advisory services and underwriting services.