>
Switch to:

CIT Group Price-to-Tangible-Book

: 0.93 (As of Today)
View and export this data going back to 1997. Start your Free Trial

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.

NYSE:CIT' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.7   Med: 0.89   Max: 1.21
Current: 0.93
0.7
1.21

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 than
59% of the 1463 Companies
in the Banks industry.

( Industry Median: 1.02 vs. NYSE:CIT: 0.93 )

A 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.

CIT Group Price-to-Tangible-Book Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

CIT Group Annual Data
Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Price-to-Tangible-Book Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.94 0.99 0.75 0.80 0.70

CIT Group Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Price-to-Tangible-Book Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.80 0.34 0.42 0.35 0.70
Competitive Comparison
* 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.

CIT Group Price-to-Tangible-Book Distribution

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


CIT Group Price-to-Tangible-Book Calculation

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.

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.

CIT Group Price-to-Tangible-Book Related Terms

CIT Group Price-to-Tangible-Book Headlines

No Headline

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)