As of today (2024-04-26), Centene's share price is $74.34. Centene's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $4.08. Hence, Centene's Price to Tangible Book Ratio of today is 18.22.
The historical rank and industry rank for Centene's Price-to-Tangible-Book or its related term are showing as below:
CNC'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 6.83 Med: 10.75 Max: 24.88
Current: 18.22
During the past 13 years, Centene's highest Price to Tangible Book Ratio was 24.88. The lowest was 6.83. And the median was 10.75.
CNC's Price-to-Tangible-Book is ranked worse than 93.75% of 16
companies
in the Healthcare Plans industry
Industry Median: 7.505
vs CNC: 18.22
A closely related ratio is called PB Ratio. As of today, Centene's share price is $74.34. Centene's Book Value per Sharefor the quarter that ended in Dec. 2023 was $48.35. Hence, Centene's P/B Ratio of today is 1.54.
Centene Price-to-Tangible-Book Historical Data
The historical data trend for Centene'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 Centene's Price-to-Tangible-Book
For the Healthcare Plans subindustry, Centene'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.
Centene's Price-to-Tangible-Book Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Centene's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Centene's Price-to-Tangible-Book falls into.
Centene Price-to-Tangible-Book Calculation
Centene'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.
Centene Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Centene's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Centene is a managed-care organization focused on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 24 million medical members as of June 2023, mostly in Medicaid (67% of membership), the individual exchanges (14%), and Medicare Advantage (6%) plans. The company also serves traditional Medicare users with its Medicare Part D pharmaceutical program.
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