CI Financial (CI Financial) PB Ratio

: 2.41 (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 (2024-04-23), CI Financial's share price is $12.02. CI Financial's Book Value per Share for the quarter that ended in Dec. 2023 was $4.98. Hence, CI Financial's PB Ratio of today is 2.41.

The historical rank and industry rank for CI Financial's PB Ratio or its related term are showing as below:

CIXXF' s PB Ratio Range Over the Past 10 Years
Min: 1.37 Med: 3.49 Max: 5.64
Current: 2.47

During the past 13 years, CI Financial's highest PB Ratio was 5.64. The lowest was 1.37. And the median was 3.49.

CIXXF's PB Ratio is ranked worse than
89.36% of 1692 companies
in the Asset Management industry
Industry Median: 0.92 vs CIXXF: 2.47

During the past 12 months, CI Financial's average Book Value Per Share Growth Rate was -23.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -3.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 4.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of CI Financial was 149.20% per year. The lowest was -27.70% per year. And the median was 4.45% per year.

Back to Basics: PB Ratio

CI Financial PB Ratio Historical Data

The historical data trend for CI Financial'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.

CI Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

3.26

2.11

3.32

1.56

2.26

CI Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio																1.56	1.47	1.83	1.97	2.26

Competitive Comparison

For the Asset Management subindustry, CI Financial'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.

CI Financial PB Ratio Distribution

For the Asset Management industry and Financial Services sector, CI Financial's PB Ratio distribution charts can be found below:

* The bar in red indicates where CI Financial's PB Ratio falls into.

CI Financial 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.

CI Financial's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	12.02	/	4.98
	=	2.41

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

CI Financial (OTCPK:CIXXF) 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.

CI Financial PB Ratio Related Terms

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CI Financial (CI Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Financial Corp (OTCPK:CIXXF) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

CF7:Germany CIX:Canada

Address

15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3

Website

https://www.cifinancial.com

CI Financial is a diversified provider of wealth management products and services, primarily in the Canadian market. The company had CAD 119.0 billion in core assets under management, another CAD 278.5 billion in wealth management assets under advisement, and CAD 23.4 billion in assets under custody at the end of September 2023, making it one of the largest nonbank affiliated asset managers in Canada. The company operates its fund business through CI Global Asset Management, which offers a broad selection of investment funds. On the wealth management side, the company operates through CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, as well as a large group of acquired U.S.-based advisors, providing financial advice primarily to high-net-worth clients.