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Canadian Banc (TSX:BK) Price-to-Tangible-Book : 1.24 (As of May. 09, 2024)


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What is Canadian Banc Price-to-Tangible-Book?

As of today (2024-05-09), Canadian Banc's share price is C$10.86. Canadian Banc's Tangible Book per Share of Nov. 2023 for the quarter that ended in Nov. 2023 was C$8.75. Hence, Canadian Banc's Price to Tangible Book Ratio of today is 1.24.

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

TSX:BK' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.93   Med: 1.01   Max: 1.24
Current: 1.24

During the past 13 years, Canadian Banc's highest Price to Tangible Book Ratio was 1.24. The lowest was 0.93. And the median was 1.01.

TSX:BK's Price-to-Tangible-Book is ranked worse than
77.62% of 1622 companies
in the Asset Management industry
Industry Median: 0.96 vs TSX:BK: 1.24

A closely related ratio is called PB Ratio. As of today, Canadian Banc's share price is C$10.86. Canadian Banc's Book Value per Sharefor the quarter that ended in Nov. 2023 was C$8.75. Hence, Canadian Banc's P/B Ratio of today is 1.24.


Canadian Banc Price-to-Tangible-Book Historical Data

The historical data trend for Canadian Banc'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.

Canadian Banc Price-to-Tangible-Book Chart

Canadian Banc Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.93 0.96 1.01 1.18 1.12

Canadian Banc Semi-Annual Data
May14 Nov14 May15 Nov15 May16 Nov16 May17 Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23
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 1.01 14.70 1.18 1.38 1.12

Competitive Comparison of Canadian Banc's Price-to-Tangible-Book

For the Asset Management subindustry, Canadian Banc'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.


Canadian Banc's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Canadian Banc's Price-to-Tangible-Book distribution charts can be found below:

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



Canadian Banc Price-to-Tangible-Book Calculation

Canadian Banc's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Nov. 2023 )
=10.86/8.752
=1.24

* 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.


Canadian Banc Price-to-Tangible-Book Related Terms

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


Canadian Banc (TSX:BK) Business Description

Traded in Other Exchanges
Address
200 Front Street West, Suite 2510, P.O. Box 51, Toronto, ON, CAN, M5V 3K2
Canadian Banc Corp is a Canadian-based company operating in the financial services sector. The Company invests in an actively managed portfolio of common shares comprised of 6 Canadian chartered banks. The Company employs an active covered call writing program to enhance the income earned from the portfolio.