As of today (2024-04-24), MidWestOne Financial Group's share price is $21.43. MidWestOne Financial Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $27.05. Hence, MidWestOne Financial Group's Price to Tangible Book Ratio of today is 0.79.
The historical rank and industry rank for MidWestOne Financial Group's Price-to-Tangible-Book or its related term are showing as below:
MOFG'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.78 Med: 1.3 Max: 1.92
Current: 0.79
During the past 13 years, MidWestOne Financial Group's highest Price to Tangible Book Ratio was 1.92. The lowest was 0.78. And the median was 1.30.
MOFG's Price-to-Tangible-Book is ranked better than 63.47% of 1440
companies
in the Banks industry
Industry Median: 0.92
vs MOFG: 0.79
A closely related ratio is called PB Ratio. As of today, MidWestOne Financial Group's share price is $21.43. MidWestOne Financial Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was $33.41. Hence, MidWestOne Financial Group's P/B Ratio of today is 0.64.
MidWestOne Financial Group Price-to-Tangible-Book Historical Data
The historical data trend for MidWestOne Financial Group'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.
For the Banks - Regional subindustry, MidWestOne Financial Group'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.
MidWestOne Financial Group Price-to-Tangible-Book Distribution
For the Banks industry and Financial Services sector, MidWestOne Financial Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where MidWestOne Financial Group's Price-to-Tangible-Book falls into.
MidWestOne Financial Group Price-to-Tangible-Book Calculation
MidWestOne Financial Group's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
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.
MidWestOne Financial Group Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of MidWestOne Financial Group's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
MidWestOne Financial Group (MidWestOne Financial Group) Business Description
MidWestOne Financial Group Inc is a bank holding company engaged in delivering relationship-based business and personal banking products and services. The Bank provides commercial loans, real estate loans, agricultural loans, credit card loans, and consumer loans. It also provides deposit products including demand and interest checking accounts, savings accounts, money market accounts, and time deposits. The Bank also provides products and services including treasury management, Zelle, online and mobile banking, debit cards, ATMs, and safe deposit boxes. The Bank offers its products and services through its network of full-service banking offices. the Bank's investments services department offers financial planning, investment advisory, and retail securities brokerage services.
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