What is Verizon Communications Price-to-Tangible-Book?
As of today (2024-04-24), Verizon Communications's share price is $39.49. Verizon Communications's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $-22.68. Hence, Verizon Communications's Price to Tangible Book Ratio of today is .
The historical rank and industry rank for Verizon Communications's Price-to-Tangible-Book or its related term are showing as below:
VZ's Price-to-Tangible-Book is not ranked *
in the Telecommunication Services industry.
Industry Median: 2.56 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, Verizon Communications's share price is $39.49. Verizon Communications's Book Value per Sharefor the quarter that ended in Mar. 2024 was $22.41. Hence, Verizon Communications's P/B Ratio of today is 1.76.
Verizon Communications Price-to-Tangible-Book Historical Data
The historical data trend for Verizon Communications'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 Verizon Communications's Price-to-Tangible-Book
For the Telecom Services subindustry, Verizon Communications'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.
Verizon Communications's Price-to-Tangible-Book Distribution in the Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Verizon Communications's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Verizon Communications's Price-to-Tangible-Book falls into.
* 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.
Verizon Communications Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Verizon Communications's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Verizon Communications (Verizon Communications) Business Description
Verizon Communications is primarily a wireless business (it provides about 70% of service revenue and nearly all operating income). It serves about 92 million postpaid and 22 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 25 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.
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