As of today (2024-04-19), Industrial And Commercial Bank Of China's share price is $0.50. Industrial And Commercial Bank Of China's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $1.42. Hence, Industrial And Commercial Bank Of China's Price to Tangible Book Ratio of today is 0.35.
The historical rank and industry rank for Industrial And Commercial Bank Of China's Price-to-Tangible-Book or its related term are showing as below:
IDCBF'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.46 Med: 0.83 Max: 1.15
Current: 0.53
During the past 13 years, Industrial And Commercial Bank Of China's highest Price to Tangible Book Ratio was 1.15. The lowest was 0.46. And the median was 0.83.
IDCBF's Price-to-Tangible-Book is ranked better than 79.63% of 1443
companies
in the Banks industry
Industry Median: 0.91
vs IDCBF: 0.53
A closely related ratio is called PB Ratio. As of today, Industrial And Commercial Bank Of China's share price is $0.50. Industrial And Commercial Bank Of China's Book Value per Sharefor the quarter that ended in Dec. 2023 was $1.42. Hence, Industrial And Commercial Bank Of China's P/B Ratio of today is 0.35.
Industrial And Commercial Bank Of China Price-to-Tangible-Book Historical Data
The historical data trend for Industrial And Commercial Bank Of China'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.
Industrial And Commercial Bank Of China Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Price-to-Tangible-Book
0.73
0.50
0.42
0.39
0.34
Industrial And Commercial Bank Of China 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
0.39
0.39
0.40
0.36
0.34
Competitive Comparison
For the Banks - Diversified subindustry, Industrial And Commercial Bank Of China'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.
Industrial And Commercial Bank Of China Price-to-Tangible-Book Distribution
For the Banks industry and Financial Services sector, Industrial And Commercial Bank Of China's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Industrial And Commercial Bank Of China's Price-to-Tangible-Book falls into.
Industrial And Commercial Bank Of China Price-to-Tangible-Book Calculation
Industrial And Commercial Bank Of China'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.
Industrial And Commercial Bank Of China Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Industrial And Commercial Bank Of China's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Business Description
ICBC is headquartered in Beijing and founded in 1984, the bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 16,000 outlets. Among these outlets, 417 outlets are located in 42 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 44%, 44%, and 12% of total revenue, respectively; and 39%, 47%, and 24% of profit before tax in 2022. Overseas banking and other business contributed 8% of total revenue and 6% of profit before tax in 2022.
Industrial And Commercial Bank Of China (Industrial And Commercial Bank Of China) Headlines
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