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Corebridge Financial (Corebridge Financial) Price-to-Tangible-Book : 1.40 (As of Apr. 30, 2024)


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What is Corebridge Financial Price-to-Tangible-Book?

As of today (2024-04-30), Corebridge Financial's share price is $26.56. Corebridge Financial's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $18.93. Hence, Corebridge Financial's Price to Tangible Book Ratio of today is 1.40.

The historical rank and industry rank for Corebridge Financial's Price-to-Tangible-Book or its related term are showing as below:

CRBG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.14   Med: 1.26   Max: 1.42
Current: 1.4

During the past 5 years, Corebridge Financial's highest Price to Tangible Book Ratio was 1.42. The lowest was 1.14. And the median was 1.26.

CRBG's Price-to-Tangible-Book is ranked worse than
81.08% of 1623 companies
in the Asset Management industry
Industry Median: 0.94 vs CRBG: 1.40

A closely related ratio is called PB Ratio. As of today, Corebridge Financial's share price is $26.56. Corebridge Financial's Book Value per Sharefor the quarter that ended in Dec. 2023 was $18.93. Hence, Corebridge Financial's P/B Ratio of today is 1.40.


Corebridge Financial Price-to-Tangible-Book Historical Data

The historical data trend for Corebridge Financial's Price-to-Tangible-Book 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.

Corebridge Financial Price-to-Tangible-Book Chart

Corebridge Financial Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
- - - 1.38 1.14

Corebridge Financial Quarterly Data
Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.38 0.90 1.06 1.50 1.14

Competitive Comparison of Corebridge Financial's Price-to-Tangible-Book

For the Asset Management subindustry, Corebridge Financial's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.


Corebridge Financial's Price-to-Tangible-Book Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Corebridge Financial's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Corebridge Financial's Price-to-Tangible-Book falls into.



Corebridge Financial Price-to-Tangible-Book Calculation

Corebridge Financial's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2023 )
=26.56/18.927
=1.40

* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


Corebridge Financial Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Corebridge Financial's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.


Corebridge Financial (Corebridge Financial) Business Description

Traded in Other Exchanges
Address
2919 Allen Parkway, Woodson Tower, Houston, TX, USA, 77019
Corebridge Financial Inc provides retirement solutions and insurance products in the United States. It offers a broad set of products and services through five segments namely Individual Retirement, Group Retirement, Life Insurance, Institutional Markets businesses, Corporate and Other.
Executives
American International Group, Inc. 10 percent owner 1271 AVE OF THE AMERICAS, FL 37, NEW YORK NY 10020-1304
John P Byrne officer: Pres of Financial Distributors 7428 FOXBURG COURT, CLARKSTON MI 48348
Timothy M Heslin officer: President of Life Insurance 4401 FARRISWOOD DR., NASHVILLE TN 37204
Bryan A Pinsky officer: Pres of Individual Retirement 405 10TH ST., MANHATTAN BEACH CA 90266
Caldwell Steven Douglas Jr officer: Chief Risk Officer 39 GRAMERCY PARK N APT 1BC, NEW YORK NY 10010
Christopher Brian Smith officer: Chief Operating Officer 42 WADE DRIVE, SUMMIT NJ 07901
Lisa Longino officer: Chief Investment Officer C/O COREBRIDGE FINANCIAL, INC., 2919 ALLEN PARKWAY, WOODSON TOWER, HOUSTON TX 77019
Hunter Constance officer: Head of Strategy 1271 AVE OF THE AMERICAS, NEW YORK NY 10020-1304
Katherine Ann Anderson officer: Chief Risk Officer C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Elizabeth Palmer officer: Chief Marketing Officer C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Alan Leonard Smith officer: Chief Human Resources Officer C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Terri N Fiedler officer: President Retirement Services C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS NY 91367
Todd P Solash officer: President, IR and Life C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Jonathan J Novak officer: President of IM C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367
Mia W Tarpey officer: Chief Operating Officer C/O COREBRIDGE FINANCIAL, INC., 21650 OXNARD STREET, SUITE 750, WOODLAND HILLS CA 91367