As of today (2024-04-16), CNO Financial Group's share price is $25.61. CNO Financial Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $20.26. Hence, CNO Financial Group's Price to Tangible Book Ratio of today is 1.26.
The historical rank and industry rank for CNO Financial Group's Price-to-Tangible-Book or its related term are showing as below:
CNO'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.55 Med: 0.75 Max: 1.48
Current: 1.26
During the past 13 years, CNO Financial Group's highest Price to Tangible Book Ratio was 1.48. The lowest was 0.55. And the median was 0.75.
CNO's Price-to-Tangible-Book is ranked better than 54.03% of 459
companies
in the Insurance industry
Industry Median: 1.34
vs CNO: 1.26
A closely related ratio is called PB Ratio. As of today, CNO Financial Group's share price is $25.61. CNO Financial Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was $20.26. Hence, CNO Financial Group's P/B Ratio of today is 1.26.
CNO Financial Group Price-to-Tangible-Book Historical Data
The historical data trend for CNO Financial Group'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.
* Premium members only.
CNO Financial Group Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Price-to-Tangible-Book
0.57
0.55
0.55
1.48
1.38
CNO Financial Group Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Price-to-Tangible-Book
1.48
1.25
1.35
1.41
1.38
Competitive Comparison
For the Insurance - Life subindustry, CNO Financial Group'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.
CNO Financial Group Price-to-Tangible-Book Distribution
For the Insurance industry and Financial Services sector, CNO Financial Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where CNO Financial Group's Price-to-Tangible-Book falls into.
CNO Financial Group Price-to-Tangible-Book Calculation
CNO Financial Group'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.
CNO Financial Group Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of CNO Financial Group's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
CNO Financial Group (CNO Financial Group) Business Description
CNO Financial Group Inc is a holding company for a group of insurance companies that offers middle-income American consumers insurance and securities products through exclusive agents, independent producers, and direct marketing. Consumers are served through the phone, online, mail, face-to-face with agents, or sales channels. The company's operating segments include annuity, health, and life insurance product lines as well as the investment and fee revenue segments. Maximum revenue is generated from the health product line segment. Annuity premiums account for the majority of the total premiums collected. Annuity products include fixed index annuities, traditional fixed-rate annuities, and single-premium immediate annuity products.
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