Met.Extra Group (MIL:MET) Price-to-Tangible-Book : 1.16 (As of Jun. 05, 2024)

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What is Met.Extra Group Price-to-Tangible-Book?

As of today (2024-06-05), Met.Extra Group's share price is €2.50. Met.Extra Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €2.16. Hence, Met.Extra Group's Price to Tangible Book Ratio of today is 1.16.

The historical rank and industry rank for Met.Extra Group's Price-to-Tangible-Book or its related term are showing as below:

MIL:MET' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.85 Med: 13.64 Max: 84.06
Current: 1.16

During the past 13 years, Met.Extra Group's highest Price to Tangible Book Ratio was 84.06. The lowest was 0.85. And the median was 13.64.

MIL:MET's Price-to-Tangible-Book is ranked worse than
75.73% of 1615 companies
in the Asset Management industry
Industry Median: 0.95 vs MIL:MET: 1.16

A closely related ratio is called PB Ratio. As of today, Met.Extra Group's share price is €2.50. Met.Extra Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was €5.33. Hence, Met.Extra Group's P/B Ratio of today is 0.47.

Met.Extra Group Price-to-Tangible-Book Historical Data

The historical data trend for Met.Extra Group's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Met.Extra Group Price-to-Tangible-Book Chart

Met.Extra Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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45.79

13.40

20.20

2.18

0.85

Met.Extra Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															20.20	2.82	2.18	1.34	0.85

Competitive Comparison of Met.Extra Group's Price-to-Tangible-Book

For the Asset Management subindustry, Met.Extra Group's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Met.Extra Group's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Met.Extra Group's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Met.Extra Group's Price-to-Tangible-Book falls into.

Met.Extra Group Price-to-Tangible-Book Calculation

Met.Extra Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.50	/	2.158
	=	1.16

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Met.Extra Group Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Met.Extra Group's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Met.Extra Group (MIL:MET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Met.Extra Group (MIL:MET) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corso Monforte 7, Milano, ITA, 20122

Website

https://www.titanmet.it

Met.Extra Group, formerly TitanMet SpA is an Italian investment company. Its objective is to carry out a wide-ranging strategic project aimed at future investments in assets or financial instruments that do not involve the acquisition of control in the realities of interest. It is also involved in the development of synergies and implementation of subsequent integrations, acquisitions, spin-offs, and other interventions, as well as provides advisory services.