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South Plains Financial (South Plains Financial) Price-to-Tangible-Book : 1.23 (As of May. 16, 2024)


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What is South Plains Financial Price-to-Tangible-Book?

As of today (2024-05-16), South Plains Financial's share price is $27.00. South Plains Financial's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $21.93. Hence, South Plains Financial's Price to Tangible Book Ratio of today is 1.23.

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

SPFI' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.7   Med: 1.23   Max: 1.63
Current: 1.23

During the past 7 years, South Plains Financial's highest Price to Tangible Book Ratio was 1.63. The lowest was 0.70. And the median was 1.23.

SPFI's Price-to-Tangible-Book is ranked worse than
68.1% of 1439 companies
in the Banks industry
Industry Median: 0.93 vs SPFI: 1.23

A closely related ratio is called PB Ratio. As of today, South Plains Financial's share price is $27.00. South Plains Financial's Book Value per Sharefor the quarter that ended in Mar. 2024 was $24.87. Hence, South Plains Financial's P/B Ratio of today is 1.09.


South Plains Financial Price-to-Tangible-Book Historical Data

The historical data trend for South Plains 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.

South Plains Financial Price-to-Tangible-Book Chart

South Plains Financial Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial 1.36 1.03 1.36 1.53 1.33

South Plains Financial 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 1.15 1.11 1.36 1.33 1.22

Competitive Comparison of South Plains Financial's Price-to-Tangible-Book

For the Banks - Regional subindustry, South Plains 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.


South Plains Financial's Price-to-Tangible-Book Distribution in the Banks Industry

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

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



South Plains Financial Price-to-Tangible-Book Calculation

South Plains Financial's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=27.00/21.927
=1.23

* 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.


South Plains Financial Price-to-Tangible-Book Related Terms

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


South Plains Financial (South Plains Financial) Business Description

Traded in Other Exchanges
Address
5219 City Bank Parkway, Lubbock, TX, USA, 79407
South Plains Financial Inc operates as a bank holding company. The company provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals. The principal business activities include commercial and retail banking, along with insurance, investment, trust, and mortgage services. The company has two reportable segments: banking and insurance.
Executives
Richard D Campbell director, 10 percent owner 5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Curtis C Griffith director, 10 percent owner, officer: Chairman & CEO 5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Noe G Valles director 5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Newsom Cory T director, officer: President 5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Mikella D Newsom officer: Chief Risk Officer & Secretary 5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Kelly L. Deterding other: President - Windmark Insurance 5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Steven B Crockett officer: CFO and Treasurer 5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Kyle R Wargo director 5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Allison Navitskas director 511 E JOHN CARPENTER FREEWAY, IRVING TX 75062
Cynthia B Keith director 5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544
Kevin R Bass officer: Chief Credit Officer 5219 CITY BANK PARKWAY, LUBBOCK TX 79407-3544