Tangible book value I've calculated a tangible book value of $303,049k which compares to a market cap of $110,823k or a price to tangible book value of 0.365. To put another way, if the company were to sell its assets and pay off its debts at the book value then shareholders would receive 2.74 times the current share price or $7.80.
Many times when a company has a low price to book value they are not profitable or struggling to turn a profit. Tva group has shown strong resilience over the years with consistent profit growth and strong cash generation. They have relatively low levels of debt which can be paid off in under 1 year.
Keep holding because one day, and you don't know when it will be, we will wake up to see the share price significantly higher than today. Maybe it gets taken out privately by Quebecor or investors become aware of the story and recognize the value in this name.