As of today (2024-04-24), CVB Financial's share price is $17.09. CVB Financial's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $9.31. Hence, CVB Financial's Price to Tangible Book Ratio of today is 1.84.
The historical rank and industry rank for CVB Financial's Price-to-Tangible-Book or its related term are showing as below:
CVBF'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.81 Med: 2.26 Max: 3.1
Current: 1.84
During the past 13 years, CVB Financial's highest Price to Tangible Book Ratio was 3.10. The lowest was 1.81. And the median was 2.26.
CVBF's Price-to-Tangible-Book is ranked worse than 86.03% of 1439
companies
in the Banks industry
Industry Median: 0.93
vs CVBF: 1.84
A closely related ratio is called PB Ratio. As of today, CVB Financial's share price is $17.09. CVB Financial's Book Value per Sharefor the quarter that ended in Dec. 2023 was $14.91. Hence, CVB Financial's P/B Ratio of today is 1.15.
CVB Financial Price-to-Tangible-Book Historical Data
The historical data trend for CVB Financial'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 CVB Financial's Price-to-Tangible-Book
For the Banks - Regional subindustry, CVB Financial'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.
CVB Financial's Price-to-Tangible-Book Distribution in the Banks Industry
For the Banks industry and Financial Services sector, CVB Financial's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where CVB Financial's Price-to-Tangible-Book falls into.
CVB Financial Price-to-Tangible-Book Calculation
CVB Financial'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.
CVB Financial Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of CVB Financial's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
CVB Financial (CVB Financial) Business Description
CVB Financial Corp is the holding company for Citizens Business Bank. Citizens Business Bank offers banking, lending, and investing services through approximately 58 banking centers and three trust office locations serving the Inland Empire, Los Angeles County, Orange County, San Diego County, Ventura County, Santa Barbara County, and the Central Valley area of California.
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