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), Provident Financial Services's share price is $15.52. Provident Financial Services's Book Value per Share for the quarter that ended in Dec. 2023 was $22.33. Hence, Provident Financial Services's PB Ratio of today is 0.70.
Good Sign:
Provident Financial Services Inc stock PB Ratio (=0.68) is close to 3-year low of 0.63
The historical rank and industry rank for Provident Financial Services's PB Ratio or its related term are showing as below:
PFS'
s PB Ratio Range Over the Past 10 Years
Min: 0.49 Med: 1.08 Max: 1.51
Current: 0.7
During the past 13 years, Provident Financial Services's highest PB Ratio was 1.51. The lowest was 0.49. And the median was 1.08.
PFS's PB Ratio is ranked better than 68.7% of 1460
companies
in the Banks industry
Industry Median: 0.85
vs PFS: 0.70
During the past 12 months, Provident Financial Services's average Book Value Per Share Growth Rate was 5.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Provident Financial Services was 47.90% per year. The lowest was -2.90% per year. And the median was 3.30% per year.
Back to Basics: PB Ratio
Provident Financial Services PB Ratio Historical Data
The historical data trend for Provident 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.
For the Banks - Regional subindustry, Provident 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.
Provident Financial Services PB Ratio Distribution
For the Banks industry and Financial Services sector, Provident Financial Services's PB Ratio distribution charts can be found below:
* The bar in red indicates where Provident Financial Services's PB Ratio falls into.
Provident 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.
Provident Financial Services's PB Ratio for today is calculated as follows:
* 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.
Provident Financial Services (NYSE:PFS) PB Ratio Explanation
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.
Provident Financial Services PB Ratio Related Terms
Thank you for viewing the detailed overview of Provident Financial Services's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Provident Financial Services (Provident Financial Services) Business Description
Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The company provides a comprehensive array of financial products and services through its network of branches throughout northern and central New Jersey, and certain counties in Pennsylvania. The company's strategy emphasizes growing high-return businesses in nonstandard markets, and maintaining a secured capital structure. Commercial loans represent a plurality of the company's loans, followed by construction loans. The majority of the revenue-generating activities that are components of non-interest income are These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.
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