North American Financial 15 Split (TSX:FFN) Price-to-Tangible-Book : 1.46 (As of Apr. 28, 2024)

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What is North American Financial 15 Split Price-to-Tangible-Book?

As of today (2024-04-28), North American Financial 15 Split's share price is C$5.62. North American Financial 15 Split's Tangible Book per Share of Nov. 2023 for the quarter that ended in Nov. 2023 was C$3.86. Hence, North American Financial 15 Split's Price to Tangible Book Ratio of today is 1.46.

The historical rank and industry rank for North American Financial 15 Split's Price-to-Tangible-Book or its related term are showing as below:

TSX:FFN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.84 Med: 1.09 Max: 1.46
Current: 1.46

During the past 13 years, North American Financial 15 Split's highest Price to Tangible Book Ratio was 1.46. The lowest was 0.84. And the median was 1.09.

TSX:FFN's Price-to-Tangible-Book is ranked worse than
81.48% of 1625 companies
in the Asset Management industry
Industry Median: 0.94 vs TSX:FFN: 1.46

A closely related ratio is called PB Ratio. As of today, North American Financial 15 Split's share price is C$5.62. North American Financial 15 Split's Book Value per Sharefor the quarter that ended in Nov. 2023 was C$3.86. Hence, North American Financial 15 Split's P/B Ratio of today is 1.46.

North American Financial 15 Split Price-to-Tangible-Book Historical Data

The historical data trend for North American Financial 15 Split'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.

North American Financial 15 Split Price-to-Tangible-Book Chart

North American Financial 15 Split Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Price-to-Tangible-Book

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0.97

1.09

1.16

1.12

0.84

North American Financial 15 Split Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.16	1.20	1.12	1.11	0.84

Competitive Comparison of North American Financial 15 Split's Price-to-Tangible-Book

For the Asset Management subindustry, North American Financial 15 Split'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.

North American Financial 15 Split's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, North American Financial 15 Split's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where North American Financial 15 Split's Price-to-Tangible-Book falls into.

North American Financial 15 Split Price-to-Tangible-Book Calculation

North American Financial 15 Split's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Nov. 2023 )
	=	5.62	/	3.857
	=	1.46

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.

North American Financial 15 Split Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of North American Financial 15 Split's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

North American Financial 15 Split (TSX:FFN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » North American Financial 15 Split Corp (TSX:FFN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

FNCSF:USA FFN.PR.A.PFD:Canada

Address

200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2

Website

https://www.quadravest.com

North American Financial 15 Split Corp is an investment company. It invests in an actively managed portfolio of common shares comprised of core large-capitalization Canadian and United States financial services companies. It also invests in equity securities of issuers. The company's investment objective is to provide holders of Preferred Shares with cumulative preferential monthly cash dividends and to provide holders of Class A shares with regular monthly cash distributions.

North American Financial 15 Split (TSX:FFN) Headlines

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