Storebrand ASA (OSL:STB) Price-to-Tangible-Book : 1.98 (As of Apr. 28, 2024)

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What is Storebrand ASA Price-to-Tangible-Book?

As of today (2024-04-28), Storebrand ASA's share price is kr106.40. Storebrand ASA's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was kr53.71. Hence, Storebrand ASA's Price to Tangible Book Ratio of today is 1.98.

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

OSL:STB' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.63 Med: 1.12 Max: 1.98
Current: 1.98

During the past 13 years, Storebrand ASA's highest Price to Tangible Book Ratio was 1.98. The lowest was 0.63. And the median was 1.12.

OSL:STB's Price-to-Tangible-Book is ranked worse than
53.03% of 511 companies
in the Diversified Financial Services industry
Industry Median: 1.83 vs OSL:STB: 1.98

A closely related ratio is called PB Ratio. As of today, Storebrand ASA's share price is kr106.40. Storebrand ASA's Book Value per Sharefor the quarter that ended in Mar. 2024 was kr67.13. Hence, Storebrand ASA's P/B Ratio of today is 1.58.

Storebrand ASA Price-to-Tangible-Book Historical Data

The historical data trend for Storebrand ASA'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.

Storebrand ASA Price-to-Tangible-Book Chart

Storebrand ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.19

1.01

1.70

1.68

1.72

Storebrand ASA 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															1.57	1.70	1.73	1.72	1.86

Competitive Comparison of Storebrand ASA's Price-to-Tangible-Book

For the Financial Conglomerates subindustry, Storebrand ASA'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.

Storebrand ASA's Price-to-Tangible-Book Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Storebrand ASA's Price-to-Tangible-Book distribution charts can be found below:

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

Storebrand ASA Price-to-Tangible-Book Calculation

Storebrand ASA's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	106.40	/	53.714
	=	1.98

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.

Storebrand ASA Price-to-Tangible-Book Related Terms

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

Storebrand ASA (OSL:STB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Storebrand ASA (OSL:STB) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

SREDF:USA STBo:Sweden 0NO0:UK SKT:Germany

Address

Professor Kohts vei 9, P.O. Box 474, Lysaker, NOR, N-1327

Website

https://www.storebrand.no

Storebrand ASA is a Nordic long-term savings and insurance company. The business is divided into nonguaranteed savings, insurance, and guaranteed pensions. The savings segment includes products for retirement savings with no interest rate guarantees. The segment consists of defined contribution pensions in Norway and Sweden, asset management, and retail banking products. The insurance segment provides risk products in Norway and Sweden. It provides health, property & casualty, personal risk products, and employee-related & pension-related insurance. The Guaranteed Pension business area encompasses long-term pension savings products that give customers a guaranteed rate of return.