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As of today, Penn National Gaming Inc's share price is $16.13. Penn National Gaming Inc's Tangible Book Value per Share of Dec. 2014 for the quarter that ended in Dec. 2014 was $-1.19. Hence, Penn National Gaming Inc's Price to Tangible Book Ratio of today is .
During the past 13 years, Penn National Gaming Inc's highest Price to Tangible Book Ratio was 28.80. The lowest was 0.55. And the median was 1.72.
A closely related ratio is called P/B Ratio. As of today, Penn National Gaming Inc's share price is $16.13. Penn National Gaming Inc's Book Value per Share for the quarter that ended in Dec. 2014 was $7.05. Hence, Penn National Gaming Inc's P/B Ratio of today is 2.29.
Penn National Gaming Inc's price-to-tangible-book ratio for today is calculated as:
|Price to Tangible Book||=||Share Price||/||Tangible Book Value per Share (Q: Dec. 2014 )|
It can also be calculated from the numbers for the whole company:
|Price to Tangible Book||=||Market Cap||/||Tangible Equity|
|=||Market Cap||/||(Total Equity||-||Preferred Stock||-||Intangibles)|
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.
Penn National Gaming Inc Annual Data
Penn National Gaming Inc Quarterly Data