Market Cap : 4.73 B | Enterprise Value : 7.37 B | PE Ratio : | PB Ratio : 0.91 |
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As of today (2021-03-07), CIT Group's share price is $47.930000. CIT Group's Tangible Book per Share of Dec. 2020 for the quarter that ended in Dec. 2020 was $51.37. Hence, CIT Group's Price to Tangible Book Ratio of today is 0.93.
During the past 13 years, CIT Group's highest Price to Tangible Book Ratio was 1.21. The lowest was 0.70. And the median was 0.89.
NYSE:CIT's Price-to-Tangible-Book is ranked higher thanA closely related ratio is called PB Ratio. As of today, CIT Group's share price is $47.930000. CIT Group's Book Value per Sharefor the quarter that ended in Dec. 2020 was $52.73. Hence, CIT Group's P/B Ratio of today is 0.91.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
* The bar in red indicates where CIT Group's Price-to-Tangible-Book falls into.
CIT Group's price-to-tangible-book ratio for today is calculated as:
Price to Tangible Book | = | Share Price | / | Tangible Book per Share (Q: Dec. 2020 ) |
= | 47.930000 | / | 51.365 | |
= | 0.93 |
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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.
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.
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