AFC Gamma, Inc. originates, structures, underwrites, and invests in senior secured loans, and other types of loans and debt securities for established companies operating in the cannabis industry in states that have legalized medicinal and/or adult use cannabis. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties. AFC Gamma, Inc. has elected and qualified to be taxed as a real estate investment trust for the United States federal income tax purposes under the Internal Revenue Code of 1986. The company was incorporated in 2020 and is based in West Palm Beach, Florida.
P/B ratio for AFC Gamma, Inc. (AFCG)
P/B ratio as of 2023: 0.52
According to AFC Gamma, Inc.'s latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 0.52. At the end of 2022 the company had a P/B ratio of 0.63.
P/B ratio history for AFC Gamma, Inc. from 2020 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 0.52 |
| 2022 | 0.63 |
| 2021 | 0.94 |
| 2020 | 2.30 |