Life & Banc Split (TSX:LBS.PR.A) 3-Year Book Growth Rate : 4.90% (As of Dec. 2023)

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What is Life & Banc Split 3-Year Book Growth Rate?

Life & Banc Split's Book Value per Share for the quarter that ended in Dec. 2023 was C$7.48.

During the past 12 months, Life & Banc Split's average Book Value per Share Growth Rate was 6.50% per year. During the past 3 years, the average Book Value per Share Growth Rate was 4.90% per year. During the past 5 years, the average Book Value per Share Growth Rate was 3.60% per year. During the past 10 years, the average Book Value per Share Growth Rate was -2.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Life & Banc Split was 24.40% per year. The lowest was -17.60% per year. And the median was 1.60% per year.

Competitive Comparison of Life & Banc Split's 3-Year Book Growth Rate

For the Asset Management subindustry, Life & Banc Split's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.

Life & Banc Split's 3-Year Book Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Life & Banc Split's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Life & Banc Split's 3-Year Book Growth Rate falls into.

Life & Banc Split 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

Life & Banc Split (TSX:LBS.PR.A) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

Life & Banc Split 3-Year Book Growth Rate Related Terms

Thank you for viewing the detailed overview of Life & Banc Split's 3-Year Book Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.

Life & Banc Split (TSX:LBS.PR.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Life & Banc Split Corp (TSX:LBS.PR.A) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

LBS:Canada

Address

181 Bay Street, Brookfield Place, Suite 2930, P.O. Box 793, Bay Wellington Tower, Toronto, ON, CAN, M5J 2T3

Website

https://www.bromptongroup.com

Life & Banc Split Corp is a mutual fund company. Its investment objectives are to provide holders of preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for capital appreciation. Primarily, it invests in a portfolio comprising of common shares of Canadian banks and publicly traded Canadian life insurance companies.

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