As of today (2024-05-12), OP Bancorp's share price is $9.89. OP Bancorp's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $12.84. Hence, OP Bancorp's Price to Tangible Book Ratio of today is 0.77.
The historical rank and industry rank for OP Bancorp's Price-to-Tangible-Book or its related term are showing as below:
OPBK'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.76 Med: 1.16 Max: 1.41
Current: 0.76
During the past 13 years, OP Bancorp's highest Price to Tangible Book Ratio was 1.41. The lowest was 0.76. And the median was 1.16.
OPBK's Price-to-Tangible-Book is ranked better than 65.92% of 1438
companies
in the Banks industry
Industry Median: 0.93
vs OPBK: 0.76
The historical data trend for OP Bancorp'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 OP Bancorp's Price-to-Tangible-Book
For the Banks - Regional subindustry, OP Bancorp'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.
OP Bancorp's Price-to-Tangible-Book Distribution in the Banks Industry
For the Banks industry and Financial Services sector, OP Bancorp's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where OP Bancorp's Price-to-Tangible-Book falls into.
OP Bancorp Price-to-Tangible-Book Calculation
OP Bancorp'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.
OP Bancorp Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of OP Bancorp's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
OP Bancorp is engaged in the financial service domain in the United States. It is a holding company of the Open Bank, which is a California state-chartered an FDIC-insured financial institution. The company core activities reflect accepting deposits and making loans and investments. Its deposit products are demand and time deposits, and the primary lending products are commercial business loans which are offered to small and medium-sized businesses.
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