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State Street (FRA:ZYA) Price-to-Tangible-Book : 1.74 (As of Apr. 28, 2024)


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What is State Street Price-to-Tangible-Book?

As of today (2024-04-28), State Street's share price is €68.30. State Street's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €39.15. Hence, State Street's Price to Tangible Book Ratio of today is 1.74.

The historical rank and industry rank for State Street's Price-to-Tangible-Book or its related term are showing as below:

FRA:ZYA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.69   Med: 2.26   Max: 3.12
Current: 1.69

During the past 13 years, State Street's highest Price to Tangible Book Ratio was 3.12. The lowest was 1.69. And the median was 2.26.

FRA:ZYA's Price-to-Tangible-Book is ranked worse than
83.94% of 1625 companies
in the Asset Management industry
Industry Median: 0.94 vs FRA:ZYA: 1.69

A closely related ratio is called PB Ratio. As of today, State Street's share price is €68.30. State Street's Book Value per Sharefor the quarter that ended in Dec. 2023 was €66.28. Hence, State Street's P/B Ratio of today is 1.03.


State Street Price-to-Tangible-Book Historical Data

The historical data trend for State Street'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.

State Street Price-to-Tangible-Book Chart

State Street Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.39 1.77 2.14 1.90 1.79

State Street Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.78 1.75 1.63 1.79 1.75

Competitive Comparison of State Street's Price-to-Tangible-Book

For the Asset Management subindustry, State Street'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.


State Street's Price-to-Tangible-Book Distribution in the Asset Management Industry

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

* The bar in red indicates where State Street's Price-to-Tangible-Book falls into.



State Street Price-to-Tangible-Book Calculation

State Street's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=68.30/39.153
=1.74

* 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.

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

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.


State Street Price-to-Tangible-Book Related Terms

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


State Street (FRA:ZYA) Business Description

Address
One Lincoln Street, Boston, MA, USA, 02111
State Street is a leading provider of financial services, including investment servicing, investment management, and investment research and trading. With approximately $42 trillion in assets under custody and administration and $4.1 trillion assets under management as of Dec. 31, 2023, State Street operates globally in more than 100 geographic markets and employs more than 46,000 worldwide.

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