As of today (2024-04-25), TriCo Bancshares's share price is $34.80. TriCo Bancshares's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $25.39. Hence, TriCo Bancshares's Price to Tangible Book Ratio of today is 1.37.
The historical rank and industry rank for TriCo Bancshares's Price-to-Tangible-Book or its related term are showing as below:
TCBK'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.35 Med: 1.74 Max: 2.34
Current: 1.37
During the past 13 years, TriCo Bancshares's highest Price to Tangible Book Ratio was 2.34. The lowest was 1.35. And the median was 1.74.
TCBK's Price-to-Tangible-Book is ranked worse than 74.7% of 1439
companies
in the Banks industry
Industry Median: 0.93
vs TCBK: 1.37
A closely related ratio is called PB Ratio. As of today, TriCo Bancshares's share price is $34.80. TriCo Bancshares's Book Value per Sharefor the quarter that ended in Dec. 2023 was $34.86. Hence, TriCo Bancshares's P/B Ratio of today is 1.00.
TriCo Bancshares Price-to-Tangible-Book Historical Data
The historical data trend for TriCo Bancshares'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 TriCo Bancshares's Price-to-Tangible-Book
For the Banks - Regional subindustry, TriCo Bancshares'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.
TriCo Bancshares's Price-to-Tangible-Book Distribution in the Banks Industry
For the Banks industry and Financial Services sector, TriCo Bancshares's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where TriCo Bancshares'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.
TriCo Bancshares Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of TriCo Bancshares's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
TriCo Bancshares (TriCo Bancshares) Business Description
TriCo Bancshares is a California corporation organized to act as a bank holding company for Tri Counties Bank. The Bank is a California-chartered bank that is engaged in the general commercial and retail banking business in California counties. The Bank provides a breadth of personal, small business and commercial financial services including accepting demand, savings and time deposits and making small business, commercial, real estate, and consumer loans, as well as a range of Treasury Management Services and other customary banking services including safe deposit boxes at some branches. The company's primary source of revenue is the net interest income.
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