Finnovate Acquisition Corp
OTC:FNVTF
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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P/B
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Valuation Scenarios
If P/B returns to its 3-Year Average (5.6), the stock would be worth $15.01 (0% upside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 5.6 | $15.01 |
0%
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| 3-Year Average | 5.6 | $15.01 |
+0%
|
| 5-Year Average | 5.6 | $15.01 |
+0%
|
| Industry Average | 2.8 | $7.44 |
-50%
|
| Country Average | 2.5 | $6.7 |
-55%
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Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| KY |
|
Finnovate Acquisition Corp
OTC:FNVTF
|
121.3m USD | 5.6 | 682.4 | |
| US |
G
|
GE Vernova LLC
NYSE:GEV
|
292.6B USD | 0 | 0 | |
| UK |
E
|
Eight Capital Partners PLC
F:ECS
|
158.4B EUR | 0 | 0 | |
| US |
C
|
China Industrial Group Inc
OTC:CIND
|
121B USD | 1 319.4 | 4 020.7 | |
| NL |
N
|
Nepi Rockcastle NV
JSE:NRP
|
100.8B ZAR | 1 | 10.4 | |
| US |
F
|
Fintech Ecosystem Development Corp
NASDAQ:FEXD
|
67.7B USD | 1 950.8 | 38 243.7 | |
| US |
C
|
CoreWeave Inc
NASDAQ:CRWV
|
53B USD | 0 | 0 | |
| CH |
G
|
Galderma Group AG
SIX:GALD
|
37.1B CHF | 0 | 0 | |
| US |
|
Coupang Inc
F:788
|
31.4B EUR | 7.9 | 175.7 | |
| US |
|
Symbotic Inc
NASDAQ:SYM
|
34.4B USD | 51.6 | -3 156.8 | |
| ZA |
V
|
Vukile Property Fund Ltd
JSE:VKE
|
29.6B ZAR | 1 | 6.8 |
Market Distribution
| Min | 0.3 |
| 30th Percentile | 1.6 |
| Median | 2.5 |
| 70th Percentile | 4.6 |
| Max | 40.1 |
Other Multiples
Finnovate Acquisition Corp
Glance View
Finnovate Acquisition Corp. operates as a blank check company, which engages in effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. The company is headquartered in George Town, Grand Cayman and currently employs 2 full-time employees. The company went IPO on 2021-11-04. The firm is formed for the purpose of acquiring one and more businesses and assets, through a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. The firm is not limited to a particular industry or sector for purposes of consummating a business combination. The firm has not commenced any operations and has not generated any revenue.
