Microvast Holdings, Inc.
0.65xPrice / tangible book
Market cap
$265.83M
Tangible equity
$408.33M
Price / tangible book
0.65x
Price / book
0.65x
Return on equity
-7.1%
Return on assets
-2.9%
Efficiency ratio
—
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: MVST stock price at discount vs PFG $0.69 current versus $2.97 implied using P/TBV multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at PFG's multiple
Implied fair value · at MVST's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Multiple discount
Multiple discount
Profitability lag
Asset efficiency lag
Lower is better
Statements
Bank-focused income statement and equity metrics aligned to the reporting windows.
SEC periods: MVST FY 2025 (ended Dec 31, 2025) · PFG FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Tangible book and profitability anchor a bank, not enterprise value.
Deposits and cash-like balances distort enterprise value for banks, so this section reads equity value, tangible book and profitability instead.
Price / tangible book
Market cap
$265.83M
Tangible equity
$408.33M
Price / tangible book
0.65x
Price / book
0.65x
Return on equity
-7.1%
Return on assets
-2.9%
Efficiency ratio
—
Price / tangible book
Market cap
$25.20B
Tangible equity
$9.02B
Price / tangible book
2.80x
Price / book
2.12x
Return on equity
10.0%
Return on assets
0.3%
Efficiency ratio
—
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Microvast Holdings, Inc. · implied price per share
At least 3 of the last 5 annual free-cash-flow observations must be positive.
PRINCIPAL FINANCIAL GROUP, INC · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.26x
0.33x
Net debt / EBITDA
Leverage against operating earnings
-0.05x
-0.30x
Cash and equivalents
Liquid reserves on the balance sheet
$104.96M
$4.43B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider banking comparable set.
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