As of today (2024-04-26), Wells Fargo's share price is $59.93. Wells Fargo's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $36.85. Hence, Wells Fargo's Price to Tangible Book Ratio of today is 1.63.
The historical rank and industry rank for Wells Fargo's Price-to-Tangible-Book or its related term are showing as below:
WFC'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.97 Med: 1.7 Max: 2.34
Current: 1.63
During the past 13 years, Wells Fargo's highest Price to Tangible Book Ratio was 2.34. The lowest was 0.97. And the median was 1.70.
WFC's Price-to-Tangible-Book is ranked worse than 82.75% of 1438
companies
in the Banks industry
Industry Median: 0.93
vs WFC: 1.63
Wells Fargo Price-to-Tangible-Book Historical Data
The historical data trend for Wells Fargo'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.
Competitive Comparison of Wells Fargo's Price-to-Tangible-Book
For the Banks - Diversified subindustry, Wells Fargo'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.
Wells Fargo's Price-to-Tangible-Book Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Wells Fargo's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Wells Fargo's Price-to-Tangible-Book falls into.
Wells Fargo Price-to-Tangible-Book Calculation
Wells Fargo's price-to-tangible-book ratio for today is calculated as:
* 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.
Wells Fargo Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Wells Fargo's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
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