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As of today, Wells Fargo & Co's share price is $55.83. Wells Fargo & Co's Tangible Book Value per Share of Dec. 2016 for the quarter that ended in Dec. 2016 was $26.17. Hence, Wells Fargo & Co's Price to Tangible Book Ratio of today is 2.13.
During the past 13 years, Wells Fargo & Co's highest Price to Tangible Book Ratio was 7.57. The lowest was 1.80. And the median was 3.91.
A closely related ratio is called P/B Ratio. As of today, Wells Fargo & Co's share price is $55.83. Wells Fargo & Co's Book Value per Share for the quarter that ended in Dec. 2016 was $34.89. Hence, Wells Fargo & Co's P/B Ratio of today is 1.60.
Wells Fargo & Co's price-to-tangible-book ratio for today is calculated as:
|Price to Tangible Book||=||Share Price||/||Tangible Book Value per Share (Q: Dec. 2016 )|
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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.
Wells Fargo & Co Annual Data
Wells Fargo & Co Quarterly Data