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As of today, The Bancorp Inc's share price is $8.32. The Bancorp Inc's Tangible Book Value per Share of Sep. 2014 for the quarter that ended in Sep. 2014 was $9.28. Hence, The Bancorp Inc's Price to Tangible Book Ratio of today is 0.90.
A closely related ratio is called P/B Ratio. As of today, The Bancorp Inc's share price is $8.32. The Bancorp Inc's Book Value per Share for the quarter that ended in Sep. 2014 was $9.45. Hence, The Bancorp Inc's P/B Ratio of today is 0.88.
The Bancorp Inc's price-to-tangible-book ratio for today is calculated as:
|Price to Tangible Book||=||Share Price||/||Tangible Book Value per Share (Q: Sep. 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.
The Bancorp Inc Annual Data
The Bancorp Inc Quarterly Data