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Shinhan Financial Group Co (Shinhan Financial Group Co) Price-to-Tangible-Book : 0.45 (As of Apr. 25, 2024)


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What is Shinhan Financial Group Co Price-to-Tangible-Book?

As of today (2024-04-25), Shinhan Financial Group Co's share price is $31.85. Shinhan Financial Group Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $70.61. Hence, Shinhan Financial Group Co's Price to Tangible Book Ratio of today is 0.45.

The historical rank and industry rank for Shinhan Financial Group Co's Price-to-Tangible-Book or its related term are showing as below:

SHG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.4   Med: 0.6   Max: 0.85
Current: 0.47

During the past 13 years, Shinhan Financial Group Co's highest Price to Tangible Book Ratio was 0.85. The lowest was 0.40. And the median was 0.60.

SHG's Price-to-Tangible-Book is ranked better than
84.09% of 1439 companies
in the Banks industry
Industry Median: 0.93 vs SHG: 0.47

A closely related ratio is called PB Ratio. As of today, Shinhan Financial Group Co's share price is $31.85. Shinhan Financial Group Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was $79.91. Hence, Shinhan Financial Group Co's P/B Ratio of today is 0.40.

Shinhan Financial Group Co Price-to-Tangible-Book Historical Data

The historical data trend for Shinhan Financial Group Co'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.

* Premium members only.

Shinhan Financial Group Co Price-to-Tangible-Book Chart

Shinhan Financial Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.44 0.45 0.41 0.44

Shinhan Financial Group Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.41 0.39 0.38 0.39 0.44

Competitive Comparison of Shinhan Financial Group Co's Price-to-Tangible-Book

For the Banks - Regional subindustry, Shinhan Financial Group Co'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.

Shinhan Financial Group Co's Price-to-Tangible-Book Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Shinhan Financial Group Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Shinhan Financial Group Co's Price-to-Tangible-Book falls into.


Shinhan Financial Group Co Price-to-Tangible-Book Calculation

Shinhan Financial Group Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=31.85/70.613
=0.45

* 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:

Price to Tangible Book=Market Cap/Tangible Equity
=Market Cap/(Total Stockholders Equity-Preferred Stock-Intangible Assets)

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.

Shinhan Financial Group Co Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Shinhan Financial Group Co's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Shinhan Financial Group Co (Shinhan Financial Group Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shinhan Financial Group Co Ltd (NYSE:SHG) » Definitions » Price-to-Tangible-Book
Comparable Companies
XKRX:105560 XKRX:086790 XKRX:323410 XKRX:024110 XKRX:316140 XKRX:175330 XKRX:138930 XKRX:139130 XKRX:006220 XKRX:007330 NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 XPAR:BNP NSE:SBIN ISX:BBCA USB MIC:SBER SGX:D05
Traded in Other Exchanges
055550:Korea
Address
20, Sejong-daero 9-gil, Jung-gu, Seoul, KOR, 04513
Website
http://www.shinhangroup.com
Shinhan Financial is Korea's largest banking group. Its 11.2% market share of loans trails KB's 12.8%, but Shinhan has more contribution from nonbank and overseas businesses than rivals. Nonbank units include Shinhan Card, the country's largest credit card company, brokerage firm Shinhan Securities, and a top-five presence in life insurance. It also owns leasing firm Shinhan Capital, Shinhan Asset Management, and regional bank Jeju Bank, among others. Unlike KB, whose predecessor banks were originally founded by the government, Shinhan has always been a private-sector bank, having grown to the top spot organically and through M&A after having been only a second-tier player before the Asian financial crisis.