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As of today, Bank of New York Mellon Corp's share price is $41.44. Bank of New York Mellon Corp's Tangible Book Value per Share of Sep. 2014 for the quarter that ended in Sep. 2014 was $12.97. Hence, Bank of New York Mellon Corp's Price to Tangible Book Ratio of today is 3.20.
During the past 13 years, Bank of New York Mellon Corp's highest Price to Tangible Book Ratio was 11.20. The lowest was 1.37. And the median was 4.57.
A closely related ratio is called P/B Ratio. As of today, Bank of New York Mellon Corp's share price is $41.44. Bank of New York Mellon Corp's Book Value per Share for the quarter that ended in Sep. 2014 was $32.60. Hence, Bank of New York Mellon Corp's P/B Ratio of today is 1.27.
Bank of New York Mellon Corp's price-to-tangible-book ratio for today is calculated as:
|Price to Tangible Book||=||Share Price||/||Tangible Book Value per Share (Q: Sep. 2014 )|
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 New York Mellon Corp Annual Data
Bank of New York Mellon Corp Quarterly Data