MidWestOne Financial Group (MidWestOne Financial Group) PB Ratio : 0.65 (As of May. 11, 2024)

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What is MidWestOne Financial Group PB Ratio?

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 (2024-05-11), MidWestOne Financial Group's share price is $21.71. MidWestOne Financial Group's Book Value per Share for the quarter that ended in Dec. 2023 was $33.53. Hence, MidWestOne Financial Group's PB Ratio of today is 0.65.

Good Sign:

MidWestOne Financial Group Inc stock PB Ratio (=0.65) is close to 1-year low of 0.6

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

MOFG' s PB Ratio Range Over the Past 10 Years
Min: 0.53 Med: 1.06 Max: 1.4
Current: 0.65

During the past 13 years, MidWestOne Financial Group's highest PB Ratio was 1.40. The lowest was 0.53. And the median was 1.06.

MOFG's PB Ratio is ranked better than
72.41% of 1457 companies
in the Banks industry
Industry Median: 0.86 vs MOFG: 0.65

During the past 12 months, MidWestOne Financial Group's average Book Value Per Share Growth Rate was 5.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 1.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.00% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 4.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of MidWestOne Financial Group was 11.40% per year. The lowest was -8.40% per year. And the median was 5.80% per year.

Back to Basics: PB Ratio

MidWestOne Financial Group PB Ratio Historical Data

The historical data trend for MidWestOne Financial Group'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.

MidWestOne Financial Group PB Ratio Chart

MidWestOne Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

Get a 7-Day Free Trial

1.15

0.76

0.96

1.01

0.81

MidWestOne Financial Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial															0.76	0.67	0.63	0.81	0.70

Competitive Comparison of MidWestOne Financial Group's PB Ratio

For the Banks - Regional subindustry, MidWestOne Financial Group'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.

MidWestOne Financial Group's PB Ratio Distribution in the Banks Industry

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

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

MidWestOne Financial Group 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.

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

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	21.71	/	33.525
	=	0.65

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.

MidWestOne Financial Group (NAS:MOFG) 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.

MidWestOne Financial Group PB Ratio Related Terms

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

MidWestOne Financial Group (MidWestOne Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MidWestOne Financial Group Inc (NAS:MOFG) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 South Clinton Street, Iowa City, IA, USA, 52240

Website

http://www.midwestone.com

MidWestOne Financial Group Inc is a bank holding company engaged in delivering relationship-based business and personal banking products and services. The Bank provides commercial loans, real estate loans, agricultural loans, credit card loans, and consumer loans. It also provides deposit products including demand and interest checking accounts, savings accounts, money market accounts, and time deposits. The Bank also provides products and services including treasury management, Zelle, online and mobile banking, debit cards, ATMs, and safe deposit boxes. The Bank offers its products and services through its network of full-service banking offices. the Bank's investments services department offers financial planning, investment advisory, and retail securities brokerage services.

Executives

Janet E Godwin	director	102 S CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Nathaniel J Kaeding	director	102 S CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Ruth E Stanoch	director	102 S. CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Charles N Reeves	director, officer: Chief Executive Officer	102 S. CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Larry D Albert	director, officer: Executive Vice President	102 S. CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Matthew J Hayek	director	102 S CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Tracy S Mccormick	director	102 S. CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Jennifer Leigh Hauschildt	director	102 S CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Kevin W Monson	director	102 S. CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Len D Devaisher	officer: President and COO	102 S CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
David E Lindstrom	officer: EVP, Consumer Banking	102 S CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
John J Ruppel	officer: Chief Accounting Officer	102 S. CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Charles N Funk	director, officer: President and CEO	102 S. CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Kurt R Weise	director, officer: Executive Vice President	102 S. CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700
Douglas K True	director	102 S CLINTON STREET, P.O. BOX 1700, IOWA CITY IA 52244-1700