ChoiceOne Financial Services (ChoiceOne Financial Services) PB Ratio : 0.94 (As of Apr. 27, 2024)

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What is ChoiceOne Financial Services 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 (2024-04-27), ChoiceOne Financial Services's share price is $24.40. ChoiceOne Financial Services's Book Value per Share for the quarter that ended in Dec. 2023 was $25.92. Hence, ChoiceOne Financial Services's PB Ratio of today is 0.94.

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

COFS' s PB Ratio Range Over the Past 10 Years
Min: 0.68 Med: 1.05 Max: 1.39
Current: 0.94

During the past 13 years, ChoiceOne Financial Services's highest PB Ratio was 1.39. The lowest was 0.68. And the median was 1.05.

COFS's PB Ratio is ranked worse than
57.75% of 1458 companies
in the Banks industry
Industry Median: 0.85 vs COFS: 0.94

During the past 12 months, ChoiceOne Financial Services's average Book Value Per Share Growth Rate was 15.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -3.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 0.80% 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 ChoiceOne Financial Services was 31.80% per year. The lowest was -5.40% per year. And the median was 4.90% per year.

Back to Basics: PB Ratio

ChoiceOne Financial Services PB Ratio Historical Data

The historical data trend for ChoiceOne Financial Services'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.

ChoiceOne Financial Services PB Ratio Chart

ChoiceOne Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.21

1.06

0.90

1.29

1.13

ChoiceOne Financial Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio	Get a 7-Day Free Trial															1.29	1.13	0.97	0.82	1.13

Competitive Comparison of ChoiceOne Financial Services's PB Ratio

For the Banks - Regional subindustry, ChoiceOne Financial Services'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.

ChoiceOne Financial Services's PB Ratio Distribution in the Banks Industry

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

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

ChoiceOne Financial Services 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.

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

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	24.40	/	25.918
	=	0.94

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.

ChoiceOne Financial Services (NAS:COFS) 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.

ChoiceOne Financial Services PB Ratio Related Terms

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

ChoiceOne Financial Services (ChoiceOne Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ChoiceOne Financial Services Inc (NAS:COFS) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

109 East Division Street, Sparta, MI, USA, 49345

Website

https://www.choiceone.com

ChoiceOne Financial Services Inc is a full-service banking institution. It is engaged in the business of providing personal and business banking solutions, borrowing solutions, and treasury notes and bonds services. The bank's product and services portfolio consist of time, savings and demand deposits, safe deposit services, automated transaction machine services, commercial and consumer loans, commercial lending to business, industry, agricultural, construction, inventory, and real estate categories. Its primary market area is Kent, Muskegon, Newaygo, and Ottawa counties in western Michigan, and Lapeer, Macomb, and St. Clair counties in southeastern Michigan in the communities where the Bank's respective offices are located.

Executives

Greg L. Armock	director	109 EAST DIVISION STREET, SPARTA MI 49345
Curt E Coulter	director	109 EAST DIVISION STREET, SPARTA MI 49345
Burke Michael J Jr	director, officer: President	109 EAST DIVISION STREET, SPARTA MI 49345
Essex Bruce John Jr	director	109 EAST DIVISION STREET, SPARTA MI 49345
Gregory A Mcconnell	director	109 EAST DIVISION STREET, SPARTA MI 49345
Adom Greenland	officer: S.V.P. - ChoiceOne Bank (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Bradley F. Mcginnis	director	109 EAST DIVISION STREET, SPARTA MI 49345
Jack Hendon	director	109 EAST DIVISION STREET, SPARTA MI 49345
Eric E Burrough	director	109 EAST DIVISION STREET, SPARTA MI 49345
Michelle M Wendling	director	109 EAST DIVISION STREET, SPARTA MI 49345
David J Churchill	director	109 EAST DIVISION STREET, SPARTA MI 49345
Kelly Potes	officer: V.P. - ChoiceOne Insur. (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Lee A Braford	officer: VP-ChoiceOne Bank (Subsidiary)	109 EAST DIVISION STREET, SPARTA MI 49345
Peter Batistoni	officer: S.V.P. - ChoiceOne Bank (Sub.)	109 EAST DIVISION STREET, SPARTA MI 49345
Robert M Jamula	officer: S.V.P. - ChoiceOne Bank (Sub)	109 EAST DIVISION STREET, SPARTA MI 49345