TDb Split (TSX:XTD) PB Ratio : 1.22 (As of May. 05, 2024)

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What is TDb Split 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 (2024-05-05), TDb Split's share price is C$2.52. TDb Split's Book Value per Share for the quarter that ended in Nov. 2023 was C$2.06. Hence, TDb Split's PB Ratio of today is 1.22.

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

TSX:XTD' s PB Ratio Range Over the Past 10 Years
Min: 0.22 Med: 1.15 Max: 2.61
Current: 1.22

During the past 13 years, TDb Split's highest PB Ratio was 2.61. The lowest was 0.22. And the median was 1.15.

TSX:XTD's PB Ratio is ranked worse than
79.06% of 1695 companies
in the Asset Management industry
Industry Median: 0.94 vs TSX:XTD: 1.22

During the past 12 months, TDb Split's average Book Value Per Share Growth Rate was -44.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -0.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -15.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was -5.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of TDb Split was 41.70% per year. The lowest was -31.50% per year. And the median was 6.50% per year.

Back to Basics: PB Ratio

TDb Split PB Ratio Historical Data

The historical data trend for TDb Split'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.

TDb Split PB Ratio Chart

TDb Split Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

PB Ratio

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1.08

1.43

1.11

1.25

1.48

TDb Split Semi-Annual Data
	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
PB Ratio	Get a 7-Day Free Trial															1.11	1.10	1.25	2.17	1.48

Competitive Comparison of TDb Split's PB Ratio

For the Asset Management subindustry, TDb Split'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.

TDb Split's PB Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where TDb Split's PB Ratio falls into.

TDb Split 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.

TDb Split's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Nov. 2023)
	=	2.52	/	2.059
	=	1.22

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.

TDb Split (TSX:XTD) 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.

TDb Split PB Ratio Related Terms

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

TDb Split (TSX:XTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » TDb Split Corp (TSX:XTD) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

XTD.PR.A.PFD:Canada

Address

200 Front Street West, Suite 2510, P.O Box 51, Toronto, ON, CAN, M5V 3K2

Website

http://www.TDbSplit.com

TDb Split Corp is a mutual fund company that invests in common shares of The Toronto-Dominion Bank. It offers two types of shares Priority Equity Shares and Class A Shares. The company's investment objective for the Priority Equity Shares is to provide holders of Priority Equity Shares with cumulative preferential monthly cash dividends and its investment objective for the Class A Shares is to provide holders with regular monthly cash dividends.

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