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Bank of America (NYSE:BAC) PB Ratio

: 1.02 (As of Today)
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The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-02-25), Bank of America's share price is $33.92. Bank of America's Book Value per Share for the quarter that ended in Dec. 2023 was $33.34. Hence, Bank of America's PB Ratio of today is 1.02.

The historical rank and industry rank for Bank of America's PB Ratio or its related term are showing as below:

BAC' s PB Ratio Range Over the Past 10 Years
Min: 0.53   Med: 0.96   Max: 1.62
Current: 1.02

During the past 13 years, Bank of America's highest PB Ratio was 1.62. The lowest was 0.53. And the median was 0.96.

BAC's PB Ratio is ranked worse than
61.48% of 1464 companies
in the Banks industry
Industry Median: 0.89 vs BAC: 1.02

During the past 12 months, Bank of America's average Book Value Per Share Growth Rate was 8.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 5.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 5.30% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 4.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Bank of America was 46.20% per year. The lowest was -21.80% per year. And the median was 4.75% per year.

Back to Basics: PB Ratio


Bank of America PB Ratio Historical Data

The historical data trend for Bank of America's PB Ratio 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.

Bank of America Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.29 1.06 1.46 1.08 1.01

Bank of America Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
PB Ratio 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 1.08 0.91 0.90 0.84 1.01

Competitive Comparison

For the Banks - Diversified subindustry, Bank of America's PB Ratio, along with its competitors' market caps and PB Ratio 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.


Bank of America PB Ratio Distribution

For the Banks industry and Financial Services sector, Bank of America's PB Ratio distribution charts can be found below:

* The bar in red indicates where Bank of America's PB Ratio falls into.



Bank of America PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Bank of America's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2023)
=33.92/33.342
=1.02

* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.


Bank of America  (NYSE:BAC) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Bank of America PB Ratio Related Terms

Thank you for viewing the detailed overview of Bank of America's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Bank of America (NYSE:BAC) Business Description

Address
100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, USA, 28255
Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily U.S.-focused.
Executives
Thomas D Woods director 100 NORTH TRYON STREET, CHARLOTTE NC 28255
James P Demare officer: President, Global Markets 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Dean C Athanasia officer: Pres Prf & Sm Bs Bk & Co-Hd CB 100 FEDERAL STREET, BOSTON MA 02110
Lindsay D. Hans officer: Pres, Merrill Wealth Mgmt 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Eric A. Schimpf officer: Pres, Merrill Wealth Mgmt 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Matthew M Koder officer: Pres, Gl Corp & Invest Banking 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Jose E Almeida director ONE BAXTER PARKWAY, DEERFIELD IL 60015
Andrew M. Sieg officer: Pres, Merill Lynch Wlth Mgmt 100 N TRYON STREET, CHARLOTTE NC 28255
Frank P Bramble director
Bruce R. Thompson officer: Vice Chair, Head Ent Credit 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Alastair M Borthwick officer: Pres, Global Com Banking 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Aditya Bhasin officer: Chief Tech & Info Officer 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Lauren A Mogensen officer: Global Compl & Op Risk Exec 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Thomas M Scrivener officer: Chief Operations Executive 100 NORTH TRYON STREET, CHARLOTTE NC 28255
Bernard A Mensah officer: President, International 100 NORTH TRYON STREET, CHARLOTTE NC 28255