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As of today, Bank of America Corporation's share price is $22.05. Bank of America Corporation's Tangible Book Value per Share of Sep. 2016 for the quarter that ended in Sep. 2016 was $16.74. Hence, Bank of America Corporation's Price to Tangible Book Ratio of today is 1.32.
During the past 13 years, Bank of America Corporation's highest Price to Tangible Book Ratio was 4.30. The lowest was 0.46. And the median was 2.06.
A closely related ratio is called P/B Ratio. As of today, Bank of America Corporation's share price is $22.05. Bank of America Corporation's Book Value per Share for the quarter that ended in Sep. 2016 was $24.19. Hence, Bank of America Corporation's P/B Ratio of today is 0.91.
Bank of America Corporation's price-to-tangible-book ratio for today is calculated as:
|Price to Tangible Book||=||Share Price||/||Tangible Book Value per Share (Q: Sep. 2016 )|
It can also be calculated from the numbers for the whole company:
|Price to Tangible Book||=||Market Cap||/||Tangible Equity|
|=||Market Cap||/||(Total Equity||-||Preferred Stock||-||Intangibles)|
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.
Bank of America Corporation Annual Data
Bank of America Corporation Quarterly Data
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