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As of today, JPMorgan Chase & Co's share price is $62.60. JPMorgan Chase & Co's Tangible Book Value per Share of Dec. 2014 for the quarter that ended in Dec. 2014 was $41.66. Hence, JPMorgan Chase & Co's Price to Tangible Book Ratio of today is 1.50.
During the past 13 years, JPMorgan Chase & Co's highest Price to Tangible Book Ratio was 4.79. The lowest was 0.98. And the median was 2.23.
A closely related ratio is called P/B Ratio. As of today, JPMorgan Chase & Co's share price is $62.60. JPMorgan Chase & Co's Book Value per Share for the quarter that ended in Dec. 2014 was $56.71. Hence, JPMorgan Chase & Co's P/B Ratio of today is 1.10.
JPMorgan Chase & Co's price-to-tangible-book ratio for today is calculated as:
|Price to Tangible Book||=||Share Price||/||Tangible Book Value per Share (Q: Dec. 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.
JPMorgan Chase & Co Annual Data
JPMorgan Chase & Co Quarterly Data