As of today (2024-04-26), Cowen's share price is $38.99. Cowen's Tangible Book per Share of Dec. 2022 for the quarter that ended in Dec. 2022 was $28.29. Hence, Cowen's Price to Tangible Book Ratio of today is 1.38.
The historical rank and industry rank for Cowen's Price-to-Tangible-Book or its related term are showing as below:
COWN'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.29 Med: 0.85 Max: 1.89
Current: 1.38
During the past 13 years, Cowen's highest Price to Tangible Book Ratio was 1.89. The lowest was 0.29. And the median was 0.85.
COWN's Price-to-Tangible-Book is not ranked
in the Capital Markets industry.
Industry Median: 1.34
vs COWN: 1.38
A closely related ratio is called PB Ratio. As of today, Cowen's share price is $38.99. Cowen's Book Value per Sharefor the quarter that ended in Dec. 2022 was $37.69. Hence, Cowen's P/B Ratio of today is 1.03.
Cowen Price-to-Tangible-Book Historical Data
The historical data trend for Cowen'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.
Competitive Comparison of Cowen's Price-to-Tangible-Book
For the Capital Markets subindustry, Cowen'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.
Cowen's Price-to-Tangible-Book Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Cowen's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Cowen's Price-to-Tangible-Book falls into.
Cowen Price-to-Tangible-Book Calculation
Cowen'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.
Cowen Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Cowen's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Cowen provides financial services in two segments: the operating company, which includes Cowen Investment Management, investment banking, the markets division, and the research division; and the asset company, which consists of private investments, real estate investments and other legacy investment strategies. Cowen offers investment management services to institutional investors worldwide. The company offers its investment banking and research services to corporations and institutional investors in the U.S. and Europe. Revenue comes primarily through investment banking and brokerage services.
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