CVWLF (ClearView Wealth) Price-to-Tangible-Book : 1.07 (As of Sep. 26, 2024)

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What is ClearView Wealth Price-to-Tangible-Book?

As of today (2024-09-26), ClearView Wealth's share price is $0.35. ClearView Wealth's Tangible Book per Share of Jun. 2024 for the quarter that ended in Jun. 2024 was $0.33. Hence, ClearView Wealth's Price to Tangible Book Ratio of today is 1.07.

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

CVWLF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.42 Med: 1.11 Max: 2.58
Current: 1.09

During the past 13 years, ClearView Wealth's highest Price to Tangible Book Ratio was 2.58. The lowest was 0.42. And the median was 1.11.

CVWLF's Price-to-Tangible-Book is ranked better than
64.81% of 466 companies
in the Insurance industry
Industry Median: 1.39 vs CVWLF: 1.09

A closely related ratio is called PB Ratio. As of today, ClearView Wealth's share price is $0.35. ClearView Wealth's Book Value per Sharefor the quarter that ended in Jun. 2024 was $0.36. Hence, ClearView Wealth's P/B Ratio of today is 0.96.

ClearView Wealth Price-to-Tangible-Book Historical Data

The historical data trend for ClearView Wealth'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.

ClearView Wealth Price-to-Tangible-Book Chart

ClearView Wealth Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Price-to-Tangible-Book

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1.07

ClearView Wealth Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Price-to-Tangible-Book	Get a 7-Day Free Trial															-	-	-	0.99	1.07

Competitive Comparison of ClearView Wealth's Price-to-Tangible-Book

For the Insurance - Life subindustry, ClearView Wealth'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.

ClearView Wealth's Price-to-Tangible-Book Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ClearView Wealth's Price-to-Tangible-Book distribution charts can be found below:

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

ClearView Wealth Price-to-Tangible-Book Calculation

ClearView Wealth's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2024 )
	=	0.35	/	0.327
	=	1.07

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

ClearView Wealth Price-to-Tangible-Book Related Terms

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

ClearView Wealth Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

CVW:Australia

Address

20 Bond Street, Level 15, Sydney, NSW, AUS, 2000

Website

https://www.clearview.com.au

ClearView Wealth Ltd is a diversified financial services company that partners with financial advisers and strategic partners to help Australians protect and grow their wealth and achieve their financial goals. The company's operating segments include Life Insurance and Wealth Management. It generates maximum revenue from the Life Insurance segment, which manufactures ClearView life insurance products under a retail life insurance Australian Financial Services (AFS) license.