What is Flushing Financial Price-to-Tangible-Book?
As of today (2024-04-25), Flushing Financial's share price is $11.68. Flushing Financial's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $22.54. Hence, Flushing Financial's Price to Tangible Book Ratio of today is 0.52.
The historical rank and industry rank for Flushing Financial's Price-to-Tangible-Book or its related term are showing as below:
FFIC'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.51 Med: 1.13 Max: 1.69
Current: 0.52
During the past 13 years, Flushing Financial's highest Price to Tangible Book Ratio was 1.69. The lowest was 0.51. And the median was 1.13.
FFIC's Price-to-Tangible-Book is ranked better than 80.13% of 1439
companies
in the Banks industry
Industry Median: 0.93
vs FFIC: 0.52
A closely related ratio is called PB Ratio. As of today, Flushing Financial's share price is $11.68. Flushing Financial's Book Value per Sharefor the quarter that ended in Dec. 2023 was $23.21. Hence, Flushing Financial's P/B Ratio of today is 0.50.
Flushing Financial Price-to-Tangible-Book Historical Data
The historical data trend for Flushing Financial'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.
Competitive Comparison of Flushing Financial's Price-to-Tangible-Book
For the Banks - Regional subindustry, Flushing Financial'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.
Flushing Financial's Price-to-Tangible-Book Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Flushing Financial's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Flushing Financial's Price-to-Tangible-Book falls into.
* 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.
Flushing Financial Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Flushing Financial's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Flushing Financial (Flushing Financial) Business Description
Flushing Financial Corp operates as a bank holding company, which is engaged in the provision of banking and financial services. The bank serves consumers, businesses, professionals, corporate clients, and public entities by offering a full complement of deposit, loan, equipment finance, and cash management services through its banking offices. Its principal business is attracting retail deposits from the general public and investing those deposits together with funds generated from ongoing operations and borrowings, primarily in originations and purchases of multi-family residential properties, commercial business loans, commercial real estate mortgage loans, construction loans, small business administration loans and other small business loans.
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