Mackinac Financial's book value per share for the quarter that ended in Jun. 2021 was $16.30.
During the past 12 months, Mackinac Financial's average Book Value Per Share Growth Rate was 6.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.60% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mackinac Financial was 16.10% per year. The lowest was -58.00% per year. And the median was 3.10% per year.
Mackinac Financial's current price is $21.50. Its book value per share for the quarter that ended in Jun. 2021 was $16.30. Hence, today's PB Ratio of Mackinac Financial is 1.32.
During the past 13 years, the highest P/B Ratio of Mackinac Financial was 1.36. The lowest was 0.32. And the median was 0.91.
Warning Sign:
Mackinac Financial Corp stock PB Ratio (=1.32) is close to 10-year high of 1.36
Mackinac Financial Book Value per Share Historical Data
The historical data trend for Mackinac Financial's Book Value per Share 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 Mackinac Financial's Book Value per Share
For the Banks - Regional subindustry, Mackinac Financial's PB Ratio, along with its competitors' market caps and PB Ratio 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.
Mackinac Financial's PB Ratio Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Mackinac Financial's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mackinac Financial's PB Ratio falls into.
Mackinac Financial Book Value per Share Calculation
Mackinac Financial's Book Value Per Share for the fiscal year that ended in Dec. 2020 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.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
Mackinac Financial (NAS:MFNC) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Mackinac Financial Book Value per Share Related Terms
Thank you for viewing the detailed overview of Mackinac Financial's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Mackinac Financial (Mackinac Financial) Business Description
Mackinac Financial Corp is a bank holding company. It is engaged in the business of retail and commercial banking. Its products and services include checking and savings accounts, time deposits, interest-bearing transaction accounts, safe deposit facilities, commercial and governmental lease financing and direct, indirect consumer financing, commercial lending, treasury management products, services for small to mid-sized businesses as well as full array of personal and business deposit products and consumer loans. It earns revenue from loans, investments and other interest-bearing assets.
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