The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-25), CIT Group's share price is $53.50. CIT Group's Book Value per Share for the quarter that ended in Sep. 2021 was $56.97. Hence, CIT Group's PB Ratio of today is 0.94.
The historical rank and industry rank for CIT Group's PB Ratio or its related term are showing as below:
CIT'
s PB Ratio Range Over the Past 10 Years
Min: 0.25 Med: 0.9 Max: 1.19
Current: 0.94
During the past 13 years, CIT Group's highest PB Ratio was 1.19. The lowest was 0.25. And the median was 0.90.
CIT's PB Ratio is not ranked
in the Banks industry.
Industry Median: 0.85
vs CIT: 0.94
During the past 12 months, CIT Group's average Book Value Per Share Growth Rate was -14.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of CIT Group was 49.70% per year. The lowest was -25.90% per year. And the median was 4.05% per year.
Back to Basics: PB Ratio
CIT Group PB Ratio Historical Data
The historical data trend for CIT Group's PB Ratio 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.
For the Banks - Regional subindustry, CIT Group's PB Ratio, along with its competitors' market caps and PB Ratio 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.
CIT Group's PB Ratio Distribution in the Banks Industry
For the Banks industry and Financial Services sector, CIT Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where CIT Group's PB Ratio falls into.
CIT Group PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
CIT Group's PB Ratio for today is calculated as follows:
* 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:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
CIT Group PB Ratio Related Terms
Thank you for viewing the detailed overview of CIT Group's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
CIT Group Inc is a banking holding company and a financial holding company operating primarily in North America. It provides financing, leasing, and advisory services primarily to middle-market companies in a diverse group of industries. The company's banking subsidiary mostly operates in Southern California and offers both commercial and retail banking services. The company sources its commercial lending business through direct marketing to customers, vendors, and distributors, among other parties. The company generates revenue by earning interest on loans and investments, as well as commission, fees, and rental income on leased equipment and other financial services. The company also syndicates and sells finance receivables.
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