FRX Innovations (TSXV:FRXI) Price-to-Tangible-Book : 1.37 (As of Jun. 05, 2024)

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What is FRX Innovations Price-to-Tangible-Book?

As of today (2024-06-05), FRX Innovations's share price is C$0.07. FRX Innovations's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was C$0.05. Hence, FRX Innovations's Price to Tangible Book Ratio of today is 1.37.

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

TSXV:FRXI' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.78 Med: 3.11 Max: 7.42
Current: 1.4

During the past 5 years, FRX Innovations's highest Price to Tangible Book Ratio was 7.42. The lowest was 0.78. And the median was 3.11.

TSXV:FRXI's Price-to-Tangible-Book is ranked better than
60.93% of 1482 companies
in the Chemicals industry
Industry Median: 1.74 vs TSXV:FRXI: 1.40

A closely related ratio is called PB Ratio. As of today, FRX Innovations's share price is C$0.07. FRX Innovations's Book Value per Sharefor the quarter that ended in Sep. 2023 was C$0.06. Hence, FRX Innovations's P/B Ratio of today is 1.17.

FRX Innovations Price-to-Tangible-Book Historical Data

The historical data trend for FRX Innovations'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.

FRX Innovations Price-to-Tangible-Book Chart

FRX Innovations Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

2.80

FRX Innovations Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial									7.37	2.80	2.65	3.42	0.78

Competitive Comparison of FRX Innovations's Price-to-Tangible-Book

For the Specialty Chemicals subindustry, FRX Innovations'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.

FRX Innovations's Price-to-Tangible-Book Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, FRX Innovations's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where FRX Innovations's Price-to-Tangible-Book falls into.

FRX Innovations Price-to-Tangible-Book Calculation

FRX Innovations's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	0.07	/	0.051
	=	1.37

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.

FRX Innovations Price-to-Tangible-Book Related Terms

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

FRX Innovations (TSXV:FRXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FRX Innovations Inc (TSXV:FRXI) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

FRXIF:USA W2A:Germany

Address

200 Turnpike Road, Chelmsford, MA, USA, 01824

Website

https://www.frx-innovations.com

FRX Innovations Inc is a manufacturer of environmentally sustainable flame retardant solutions within the plastics and additives market that serve a number of large markets spanning electronics, automotive, electric vehicles (EV), and medical devices. The company manufactures products under the brand name Nofia. Its product portfolio consists of Nofia Polyphosphonates, which are produced using sustainable green chemistry principles such as a solvent-free production process, no waste byproducts, and atom efficiency; Nofia Homopolymers; Nofia Reactive Oligomers.

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