BK has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
As of today, Bank of New York Mellon Corp's share price is $46.16. Bank of New York Mellon Corp's Tangible Book Value per Share of Dec. 2016 for the quarter that ended in Dec. 2016 was $13.70. Hence, Bank of New York Mellon Corp's Price to Tangible Book Ratio of today is 3.37.
During the past 13 years, Bank of New York Mellon Corp's highest Price to Tangible Book Ratio was 11.20. The lowest was 2.32. And the median was 4.58.
A closely related ratio is called P/B Ratio. As of today, Bank of New York Mellon Corp's share price is $46.16. Bank of New York Mellon Corp's Book Value per Share for the quarter that ended in Dec. 2016 was $33.67. Hence, Bank of New York Mellon Corp's P/B Ratio of today is 1.37.
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: Dec. 2016 )|
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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
Disclaimers: GuruFocus.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The gurus may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.