Credito Emiliano (MIL:CE) Price-to-Tangible-Book : 1.00 (As of May. 01, 2024)

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What is Credito Emiliano Price-to-Tangible-Book?

As of today (2024-05-01), Credito Emiliano's share price is €9.92. Credito Emiliano's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €9.97. Hence, Credito Emiliano's Price to Tangible Book Ratio of today is 1.00.

The historical rank and industry rank for Credito Emiliano's Price-to-Tangible-Book or its related term are showing as below:

MIL:CE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.54 Med: 0.8 Max: 1.09
Current: 0.99

During the past 13 years, Credito Emiliano's highest Price to Tangible Book Ratio was 1.09. The lowest was 0.54. And the median was 0.80.

MIL:CE's Price-to-Tangible-Book is ranked worse than
55.28% of 1440 companies
in the Banks industry
Industry Median: 0.92 vs MIL:CE: 0.99

A closely related ratio is called PB Ratio. As of today, Credito Emiliano's share price is €9.92. Credito Emiliano's Book Value per Sharefor the quarter that ended in Dec. 2023 was €11.41. Hence, Credito Emiliano's P/B Ratio of today is 0.87.

Credito Emiliano Price-to-Tangible-Book Historical Data

The historical data trend for Credito Emiliano's Price-to-Tangible-Book 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.

* Premium members only.

Credito Emiliano Price-to-Tangible-Book Chart

Credito Emiliano Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.70

0.54

0.66

0.78

0.81

Credito Emiliano Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.78	0.79	0.78	0.81	0.81

Competitive Comparison of Credito Emiliano's Price-to-Tangible-Book

For the Banks - Regional subindustry, Credito Emiliano's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Credito Emiliano's Price-to-Tangible-Book Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Credito Emiliano's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Credito Emiliano's Price-to-Tangible-Book falls into.

Credito Emiliano Price-to-Tangible-Book Calculation

Credito Emiliano's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	9.92	/	9.966
	=	1.00

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

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.

Credito Emiliano Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Credito Emiliano's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Credito Emiliano (MIL:CE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credito Emiliano (MIL:CE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

CDEFF:USA 0K93:UK EAO:Germany

Address

Via Emilia San Pietro No. 4, Reggio Emilia, ITA, 42100

Website

http://www.credem.it

Credito Emiliano is a banking group that consists of several financial services companies. The group operates in multiple regions throughout Italy, particularly in the north and central portions of the country. Its activities principally include commercial banking, including retail services and small and medium enterprise banking, asset management, bancassurance as well as Trading services, and treasury. The group's distribution network targeting retail and corporate banking customers includes branches, business centers, and financial outlets. Its wealth management activities include mutual fund management, portfolio management, as well as private equity and hedge fund offerings. The bank's funding sources derive from direct bank deposits, insurance reserves, and assets under management.