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ChoiceOne Financial Services (ChoiceOne Financial Services) Price-to-Tangible-Book : 1.44 (As of May. 21, 2024)


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What is ChoiceOne Financial Services Price-to-Tangible-Book?

As of today (2024-05-21), ChoiceOne Financial Services's share price is $27.61. ChoiceOne Financial Services's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $19.21. Hence, ChoiceOne Financial Services's Price to Tangible Book Ratio of today is 1.44.

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

COFS' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.14   Med: 1.39   Max: 2.05
Current: 1.44

During the past 13 years, ChoiceOne Financial Services's highest Price to Tangible Book Ratio was 2.05. The lowest was 1.14. And the median was 1.39.

COFS's Price-to-Tangible-Book is ranked worse than
77.41% of 1439 companies
in the Banks industry
Industry Median: 0.93 vs COFS: 1.44

A closely related ratio is called PB Ratio. As of today, ChoiceOne Financial Services's share price is $27.61. ChoiceOne Financial Services's Book Value per Sharefor the quarter that ended in Mar. 2024 was $27.36. Hence, ChoiceOne Financial Services's P/B Ratio of today is 1.01.


ChoiceOne Financial Services Price-to-Tangible-Book Historical Data

The historical data trend for ChoiceOne Financial Services'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.

ChoiceOne Financial Services Price-to-Tangible-Book Chart

ChoiceOne Financial Services 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 1.74 1.49 1.26 2.05 1.65

ChoiceOne Financial Services 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 1.79 1.48 1.24 1.65 1.42

Competitive Comparison of ChoiceOne Financial Services's Price-to-Tangible-Book

For the Banks - Regional subindustry, ChoiceOne Financial Services'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.


ChoiceOne Financial Services's Price-to-Tangible-Book Distribution in the Banks Industry

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

* The bar in red indicates where ChoiceOne Financial Services's Price-to-Tangible-Book falls into.



ChoiceOne Financial Services Price-to-Tangible-Book Calculation

ChoiceOne Financial Services's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=27.61/19.211
=1.44

* 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.


ChoiceOne Financial Services Price-to-Tangible-Book Related Terms

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


ChoiceOne Financial Services (ChoiceOne Financial Services) Business Description

Traded in Other Exchanges
N/A
Address
109 East Division Street, Sparta, MI, USA, 49345
ChoiceOne Financial Services Inc is a full-service banking institution. It is engaged in the business of providing personal and business banking solutions, borrowing solutions, and treasury notes and bonds services. The bank's product and services portfolio consist of time, savings and demand deposits, safe deposit services, automated transaction machine services, commercial and consumer loans, commercial lending to business, industry, agricultural, construction, inventory, and real estate categories. Its primary market area is Kent, Muskegon, Newaygo, and Ottawa counties in western Michigan, and Lapeer, Macomb, and St. Clair counties in southeastern Michigan in the communities where the Bank's respective offices are located.
Executives
Greg L. Armock director 109 EAST DIVISION STREET, SPARTA MI 49345
Curt E Coulter director 109 EAST DIVISION STREET, SPARTA MI 49345
Burke Michael J Jr director, officer: President 109 EAST DIVISION STREET, SPARTA MI 49345
Essex Bruce John Jr director 109 EAST DIVISION STREET, SPARTA MI 49345
Gregory A Mcconnell director 109 EAST DIVISION STREET, SPARTA MI 49345
Adom Greenland officer: S.V.P. - ChoiceOne Bank (Sub.) 109 EAST DIVISION STREET, SPARTA MI 49345
Bradley F. Mcginnis director 109 EAST DIVISION STREET, SPARTA MI 49345
Jack Hendon director 109 EAST DIVISION STREET, SPARTA MI 49345
Eric E Burrough director 109 EAST DIVISION STREET, SPARTA MI 49345
Michelle M Wendling director 109 EAST DIVISION STREET, SPARTA MI 49345
David J Churchill director 109 EAST DIVISION STREET, SPARTA MI 49345
Kelly Potes officer: V.P. - ChoiceOne Insur. (Sub.) 109 EAST DIVISION STREET, SPARTA MI 49345
Lee A Braford officer: VP-ChoiceOne Bank (Subsidiary) 109 EAST DIVISION STREET, SPARTA MI 49345
Peter Batistoni officer: S.V.P. - ChoiceOne Bank (Sub.) 109 EAST DIVISION STREET, SPARTA MI 49345
Robert M Jamula officer: S.V.P. - ChoiceOne Bank (Sub) 109 EAST DIVISION STREET, SPARTA MI 49345

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