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Romsdal Sparebank (OSL:ROMSB) Price-to-Tangible-Book : 0.23 (As of May. 12, 2024)


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What is Romsdal Sparebank Price-to-Tangible-Book?

As of today (2024-05-12), Romsdal Sparebank's share price is kr108.98. Romsdal Sparebank's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was kr465.32. Hence, Romsdal Sparebank's Price to Tangible Book Ratio of today is 0.23.

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

OSL:ROMSB' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.23   Med: 0.3   Max: 0.31
Current: 0.23

During the past 7 years, Romsdal Sparebank's highest Price to Tangible Book Ratio was 0.31. The lowest was 0.23. And the median was 0.30.

OSL:ROMSB's Price-to-Tangible-Book is ranked better than
98.42% of 505 companies
in the Diversified Financial Services industry
Industry Median: 1.83 vs OSL:ROMSB: 0.23

A closely related ratio is called PB Ratio. As of today, Romsdal Sparebank's share price is kr108.98. Romsdal Sparebank's Book Value per Sharefor the quarter that ended in Dec. 2023 was kr465.32. Hence, Romsdal Sparebank's P/B Ratio of today is 0.23.


Romsdal Sparebank Price-to-Tangible-Book Historical Data

The historical data trend for Romsdal Sparebank'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.

Romsdal Sparebank Price-to-Tangible-Book Chart

Romsdal Sparebank Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial - 0.31 0.31 0.29 0.26

Romsdal Sparebank Quarterly Data
Dec18 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.29 0.30 0.28 0.28 0.26

Competitive Comparison of Romsdal Sparebank's Price-to-Tangible-Book

For the Financial Conglomerates subindustry, Romsdal Sparebank'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.


Romsdal Sparebank's Price-to-Tangible-Book Distribution in the Diversified Financial Services Industry

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

* The bar in red indicates where Romsdal Sparebank's Price-to-Tangible-Book falls into.



Romsdal Sparebank Price-to-Tangible-Book Calculation

Romsdal Sparebank's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=108.98/465.323
=0.23

* 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.


Romsdal Sparebank Price-to-Tangible-Book Related Terms

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


Romsdal Sparebank (OSL:ROMSB) Business Description

Traded in Other Exchanges
N/A
Address
Torget 14, Elnesvagen, NOR, 6440
Romsdal Sparebank offers comprehensive banking and insurance solutions for both retail and corporate customers. The company's services include mobile banking, online banking, bank cards, overseas payments, car loans, mortgage, loans for other vehicles, small loans and refinancing, fund savings, retirement savings, among others.

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