As of today (2024-04-25), Aetna's share price is $212.70. Aetna's Tangible Book per Share of Sep. 2018 for the quarter that ended in Sep. 2018 was $20.33. Hence, Aetna's Price to Tangible Book Ratio of today is 10.46.
The historical rank and industry rank for Aetna's Price-to-Tangible-Book or its related term are showing as below:
AET's Price-to-Tangible-Book is not ranked *
in the Healthcare Plans industry.
Industry Median: 7.72 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, Aetna's share price is $212.70. Aetna's Book Value per Sharefor the quarter that ended in Sep. 2018 was $55.87. Hence, Aetna's P/B Ratio of today is 3.81.
Aetna Price-to-Tangible-Book Historical Data
The historical data trend for Aetna'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 Aetna's Price-to-Tangible-Book
For the Healthcare Plans subindustry, Aetna'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.
Aetna's Price-to-Tangible-Book Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Aetna's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Aetna's Price-to-Tangible-Book falls into.
Aetna Price-to-Tangible-Book Calculation
Aetna'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.
Aetna Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Aetna's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Aetna is one of the largest managed-care organizations in the U.S., with over 22 million medical members. This large member count helps the firm diversify its operating risk and has formed the basis for material competitive advantages. The firm provides health insurance services to its members through products that encompass every major insurance market--individual, group, and government sponsored. Aetna and CVS recently announced their intention to merge operations, and if approved, it would form one of the most powerful players within the healthcare space.
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