Mechanics Bank (Mechanics Bank) Price-to-Tangible-Book : 1.37 (As of May. 03, 2024)

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What is Mechanics Bank Price-to-Tangible-Book?

As of today (2024-05-03), Mechanics Bank's share price is $26000.00. Mechanics Bank's Tangible Book per Share of Dec. 2022 for the quarter that ended in Dec. 2022 was $18,970.93. Hence, Mechanics Bank's Price to Tangible Book Ratio of today is 1.37.

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

MCHB' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.9 Med: 1.27 Max: 1.89
Current: 1.37

During the past 12 years, Mechanics Bank's highest Price to Tangible Book Ratio was 1.89. The lowest was 0.90. And the median was 1.27.

MCHB's Price-to-Tangible-Book is not ranked
in the Banks industry.
Industry Median: 0.93 vs MCHB: 1.37

A closely related ratio is called PB Ratio. As of today, Mechanics Bank's share price is $26000.00. Mechanics Bank's Book Value per Sharefor the quarter that ended in Dec. 2022 was $33,187.17. Hence, Mechanics Bank's P/B Ratio of today is 0.78.

Mechanics Bank Price-to-Tangible-Book Historical Data

The historical data trend for Mechanics Bank'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.

Mechanics Bank Price-to-Tangible-Book Chart

Mechanics Bank Annual Data

Trend

Dec04

Dec05

Dec06

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.89

0.97

0.90

1.23

1.27

Mechanics Bank Semi-Annual Data
	Dec02	Dec03	Dec04	Dec05	Dec06	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
Price-to-Tangible-Book	Get a 7-Day Free Trial							1.89	0.97	0.90	1.23	1.27

Competitive Comparison of Mechanics Bank's Price-to-Tangible-Book

For the Banks - Regional subindustry, Mechanics Bank'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.

Mechanics Bank's Price-to-Tangible-Book Distribution in the Banks Industry

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

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

Mechanics Bank Price-to-Tangible-Book Calculation

Mechanics Bank's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2022 )
	=	26000.00	/	18970.928
	=	1.37

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.

Mechanics Bank Price-to-Tangible-Book Related Terms

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

Mechanics Bank (Mechanics Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mechanics Bank (OTCPK:MCHB) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

3170 Hilltop Mall Road, Richmond, CA, USA, 94806

Website

https://www.mechanicsbank.com

Mechanics Bank operates as a community bank in California. The bank provides personal banking, business banking, trust, and estate services, brokerage, and wealth management services. The bank operates a network of retail banking branches, as well as regional commercial lending and wealth management offices throughout the state of California. The bank also engages in indirect automobile lending activities including origination, securitization, and servicing of new and pre-owned retail automobile sales contracts from both franchised and independent automobile dealerships.

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