As of today (2024-04-23), The Cigna Group's share price is $353.18. The Cigna Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $-98.80. Hence, The Cigna Group's Price to Tangible Book Ratio of today is .
The historical rank and industry rank for The Cigna Group's Price-to-Tangible-Book or its related term are showing as below:
During the past 13 years, The Cigna Group's highest Price to Tangible Book Ratio was 6.89. The lowest was 4.68. And the median was 6.72.
CI's Price-to-Tangible-Book is not ranked *
in the Healthcare Plans industry.
Industry Median: 7.875 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, The Cigna Group's share price is $353.18. The Cigna Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was $158.03. Hence, The Cigna Group's P/B Ratio of today is 2.23.
The Cigna Group Price-to-Tangible-Book Historical Data
The historical data trend for The Cigna Group'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.
The Cigna Group Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Price-to-Tangible-Book
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The Cigna Group Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
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Mar23
Jun23
Sep23
Dec23
Price-to-Tangible-Book
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Competitive Comparison
For the Healthcare Plans subindustry, The Cigna Group'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.
The Cigna Group Price-to-Tangible-Book Distribution
For the Healthcare Plans industry and Healthcare sector, The Cigna Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where The Cigna Group's Price-to-Tangible-Book falls into.
The Cigna Group Price-to-Tangible-Book Calculation
The Cigna Group's price-to-tangible-book ratio for today is calculated as:
* 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 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.
The Cigna Group Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of The Cigna Group's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
The Cigna Group (The Cigna Group) Business Description
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, but it also operates in government programs, such as Medicare Advantage. The company operates mostly in the U.S. with 18 million U.S. medical members covered as of the end of June 2023.
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