Westpac Banking (Westpac Banking) Price-to-Tangible-Book : 1.31 (As of Apr. 26, 2024)

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What is Westpac Banking Price-to-Tangible-Book?

As of today (2024-04-26), Westpac Banking's share price is $14.20. Westpac Banking's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was $10.81. Hence, Westpac Banking's Price to Tangible Book Ratio of today is 1.31.

The historical rank and industry rank for Westpac Banking's Price-to-Tangible-Book or its related term are showing as below:

WBK' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.07 Med: 1.88 Max: 2.78
Current: 1.36

During the past 13 years, Westpac Banking's highest Price to Tangible Book Ratio was 2.78. The lowest was 1.07. And the median was 1.88.

WBK's Price-to-Tangible-Book is ranked worse than
78.72% of 1438 companies
in the Banks industry
Industry Median: 0.93 vs WBK: 1.36

A closely related ratio is called PB Ratio. As of today, Westpac Banking's share price is $14.20. Westpac Banking's Book Value per Sharefor the quarter that ended in Sep. 2023 was $12.72. Hence, Westpac Banking's P/B Ratio of today is 1.12.

Westpac Banking Price-to-Tangible-Book Historical Data

The historical data trend for Westpac Banking'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.

Westpac Banking Price-to-Tangible-Book Chart

Westpac Banking Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.91

1.06

1.50

Westpac Banking Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.50	-	-	-	-

Competitive Comparison of Westpac Banking's Price-to-Tangible-Book

For the Banks - Diversified subindustry, Westpac Banking'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.

Westpac Banking's Price-to-Tangible-Book Distribution in the Banks Industry

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

* The bar in red indicates where Westpac Banking's Price-to-Tangible-Book falls into.

Westpac Banking Price-to-Tangible-Book Calculation

Westpac Banking's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	14.20	/	10.806
	=	1.31

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.

Westpac Banking Price-to-Tangible-Book Related Terms

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

Westpac Banking (Westpac Banking) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Westpac Banking Corp (NYSE:WBK) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

WEBNF:USA WBC:New Zealand WBC:Germany WBCPL.PFD:Australia WBCPK.PFD:Australia WBCPJ.PFD:Australia WBCPI.PFD:Australia WBCPH.PFD:Australia WBCPG.PFD:Australia WBCPF.PFD:Australia WBC:Australia

Address

275 Kent Street, Sydney, NSW, AUS, 2000

Website

https://www.westpac.com.au

Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.