Eastern Michigan Financial (Eastern Michigan Financial) Price-to-Tangible-Book : 1.49 (As of Jun. 03, 2024)

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What is Eastern Michigan Financial Price-to-Tangible-Book?

As of today (2024-06-03), Eastern Michigan Financial's share price is $28.25. Eastern Michigan Financial's Tangible Book per Share of Dec. 2006 for the quarter that ended in Dec. 2006 was $18.96. Hence, Eastern Michigan Financial's Price to Tangible Book Ratio of today is 1.49.

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

EFIN's Price-to-Tangible-Book is not ranked ^*
in the Banks industry.
Industry Median: 0.92
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Eastern Michigan Financial's share price is $28.25. Eastern Michigan Financial's Book Value per Sharefor the quarter that ended in Dec. 2006 was $19.11. Hence, Eastern Michigan Financial's P/B Ratio of today is 1.48.

Eastern Michigan Financial Price-to-Tangible-Book Historical Data

The historical data trend for Eastern Michigan Financial'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.

Eastern Michigan Financial Price-to-Tangible-Book Chart

Eastern Michigan Financial Annual Data

Trend

Dec02

Dec03

Dec04

Dec05

Dec06

Price-to-Tangible-Book

1.35

1.45

1.34

1.10

Eastern Michigan Financial Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06
Price-to-Tangible-Book	1.35	1.45	1.34	1.34	1.10

Competitive Comparison of Eastern Michigan Financial's Price-to-Tangible-Book

For the Banks - Regional subindustry, Eastern Michigan Financial'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.

Eastern Michigan Financial's Price-to-Tangible-Book Distribution in the Banks Industry

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

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

Eastern Michigan Financial Price-to-Tangible-Book Calculation

Eastern Michigan Financial's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2006 )
	=	28.25	/	18.958
	=	1.49

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.

Eastern Michigan Financial Price-to-Tangible-Book Related Terms

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

Eastern Michigan Financial (Eastern Michigan Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Michigan Financial Corp (OTCPK:EFIN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

65 North Howard Avenue, Croswell, MI, USA, 48422

Website

https://www.emb.bank

Eastern Michigan Financial Corp is a bank holding company. The Company through its holding provides baking products and services including personal banking, business banking and lending including diversified loans. Personal banking includes debit and credit cards, mobile banking and deposit services where Business banking includes cash management and other business-related services. The portfolio segments include commercial and industrial, agricultural, real estate related industries, other commercial loans, residential real estate, consumer and other, and home equity.

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