SpareBank 1 Ringerike Hadeland (OSL:RING) Price-to-Tangible-Book : 1.00 (As of May. 26, 2024)

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What is SpareBank 1 Ringerike Hadeland Price-to-Tangible-Book?

As of today (2024-05-26), SpareBank 1 Ringerike Hadeland's share price is kr289.00. SpareBank 1 Ringerike Hadeland's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was kr288.12. Hence, SpareBank 1 Ringerike Hadeland's Price to Tangible Book Ratio of today is 1.00.

The historical rank and industry rank for SpareBank 1 Ringerike Hadeland's Price-to-Tangible-Book or its related term are showing as below:

OSL:RING' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.75 Med: 0.94 Max: 1.41
Current: 1

During the past 13 years, SpareBank 1 Ringerike Hadeland's highest Price to Tangible Book Ratio was 1.41. The lowest was 0.75. And the median was 0.94.

OSL:RING's Price-to-Tangible-Book is ranked worse than
55.96% of 1442 companies
in the Banks industry
Industry Median: 0.92 vs OSL:RING: 1.00

A closely related ratio is called PB Ratio. As of today, SpareBank 1 Ringerike Hadeland's share price is kr289.00. SpareBank 1 Ringerike Hadeland's Book Value per Sharefor the quarter that ended in Mar. 2024 was kr292.60. Hence, SpareBank 1 Ringerike Hadeland's P/B Ratio of today is 0.99.

SpareBank 1 Ringerike Hadeland Price-to-Tangible-Book Historical Data

The historical data trend for SpareBank 1 Ringerike Hadeland'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.

SpareBank 1 Ringerike Hadeland Price-to-Tangible-Book Chart

SpareBank 1 Ringerike Hadeland Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.97

0.96

1.25

1.19

1.02

SpareBank 1 Ringerike Hadeland 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															1.21	1.15	1.08	1.02	0.97

Competitive Comparison of SpareBank 1 Ringerike Hadeland's Price-to-Tangible-Book

For the Banks - Regional subindustry, SpareBank 1 Ringerike Hadeland'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.

SpareBank 1 Ringerike Hadeland's Price-to-Tangible-Book Distribution in the Banks Industry

For the Banks industry and Financial Services sector, SpareBank 1 Ringerike Hadeland's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where SpareBank 1 Ringerike Hadeland's Price-to-Tangible-Book falls into.

SpareBank 1 Ringerike Hadeland Price-to-Tangible-Book Calculation

SpareBank 1 Ringerike Hadeland's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	289.00	/	288.116
	=	1.00

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.

SpareBank 1 Ringerike Hadeland Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of SpareBank 1 Ringerike Hadeland's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

SpareBank 1 Ringerike Hadeland (OSL:RING) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SpareBank 1 Ringerike Hadeland (OSL:RING) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Southern Torv 6, Honefoss, NOR, 3510

Website

https://www.sparebank1.no

SpareBank 1 Ringerike Hadeland is a savings bank in Norway offering financing, placement, payment services, pensions, and life insurance. Its business is organized into two sections, personal and corporate market. The Bank serves less self-employed, agricultural, and business class customers as well. The Bank also provides credit cards, debit cards, structured products, stock savings, mobile banking and online banking services.

SpareBank 1 Ringerike Hadeland (OSL:RING) Headlines

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