Svenska Handelsbanken AB (CHIX:SHBAS) Price-to-Tangible-Book : 1.05 (As of May. 11, 2024)

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What is Svenska Handelsbanken AB Price-to-Tangible-Book?

As of today (2024-05-11), Svenska Handelsbanken AB's share price is kr95.57. Svenska Handelsbanken AB's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was kr91.39. Hence, Svenska Handelsbanken AB's Price to Tangible Book Ratio of today is 1.05.

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

CHIX:SHBAs' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.92 Med: 1.34 Max: 2.04
Current: 1.05

During the past 13 years, Svenska Handelsbanken AB's highest Price to Tangible Book Ratio was 2.04. The lowest was 0.92. And the median was 1.34.

CHIX:SHBAs's Price-to-Tangible-Book is ranked worse than
60.43% of 1438 companies
in the Banks industry
Industry Median: 0.93 vs CHIX:SHBAs: 1.05

A closely related ratio is called PB Ratio. As of today, Svenska Handelsbanken AB's share price is kr95.57. Svenska Handelsbanken AB's Book Value per Sharefor the quarter that ended in Mar. 2024 was kr95.74. Hence, Svenska Handelsbanken AB's P/B Ratio of today is 1.00.

Svenska Handelsbanken AB Price-to-Tangible-Book Historical Data

The historical data trend for Svenska Handelsbanken AB'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.

Svenska Handelsbanken AB Price-to-Tangible-Book Chart

Svenska Handelsbanken AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.29

0.98

1.12

1.13

1.08

Svenska Handelsbanken AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.00	0.95	0.99	1.08	1.18

Competitive Comparison of Svenska Handelsbanken AB's Price-to-Tangible-Book

For the Banks - Diversified subindustry, Svenska Handelsbanken AB'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.

Svenska Handelsbanken AB's Price-to-Tangible-Book Distribution in the Banks Industry

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

* The bar in red indicates where Svenska Handelsbanken AB's Price-to-Tangible-Book falls into.

Svenska Handelsbanken AB Price-to-Tangible-Book Calculation

Svenska Handelsbanken AB's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	95.57	/	91.392
	=	1.05

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.

Svenska Handelsbanken AB Price-to-Tangible-Book Related Terms

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

Svenska Handelsbanken AB (CHIX:SHBAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Svenska Handelsbanken AB (CHIX:SHBAs) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

SVNLY:USA SVNLF:USA SHB B:Sweden SHB A:Sweden SHBA:Mexico 0R7R:UK SVHG:Germany

Address

Kungstradgardsgatan 2, Stockholm, SWE, SE-106 70

Website

https://www.handelsbanken.com

Handelsbanken is one of the largest Swedish banks with significant exposure to the Swedish mortgage market; about 44% of total loans are tied to the Swedish real estate market. Outside of Sweden, the bank operates primarily in the U.K. and Netherlands. Handelsbanken generates about three fourths of its income through its interest spread-based business, including mortgages, household loans, and corporate loans to large and small enterprises. The bank increasingly offers asset-management, mutual fund and private banking services to its clients.

Svenska Handelsbanken AB (CHIX:SHBAS) Headlines

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