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Pareto Bank ASA (OSL:PARB) Price-to-Tangible-Book : 0.85 (As of May. 03, 2024)


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What is Pareto Bank ASA Price-to-Tangible-Book?

As of today (2024-05-03), Pareto Bank ASA's share price is kr56.70. Pareto Bank ASA's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was kr66.75. Hence, Pareto Bank ASA's Price to Tangible Book Ratio of today is 0.85.

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

OSL:PARB' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.6   Med: 0.88   Max: 1.19
Current: 0.85

During the past 11 years, Pareto Bank ASA's highest Price to Tangible Book Ratio was 1.19. The lowest was 0.60. And the median was 0.88.

OSL:PARB's Price-to-Tangible-Book is ranked better than
55.07% of 1440 companies
in the Banks industry
Industry Median: 0.92 vs OSL:PARB: 0.85

A closely related ratio is called PB Ratio. As of today, Pareto Bank ASA's share price is kr56.70. Pareto Bank ASA's Book Value per Sharefor the quarter that ended in Mar. 2024 was kr67.30. Hence, Pareto Bank ASA's P/B Ratio of today is 0.84.


Pareto Bank ASA Price-to-Tangible-Book Historical Data

The historical data trend for Pareto Bank ASA'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.

Pareto Bank ASA Price-to-Tangible-Book Chart

Pareto Bank ASA Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.78 1.10 0.80 0.83

Pareto Bank ASA Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.87 0.81 0.86 0.83 0.88

Competitive Comparison of Pareto Bank ASA's Price-to-Tangible-Book

For the Banks - Regional subindustry, Pareto Bank ASA'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.


Pareto Bank ASA's Price-to-Tangible-Book Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Pareto Bank ASA's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Pareto Bank ASA's Price-to-Tangible-Book falls into.



Pareto Bank ASA Price-to-Tangible-Book Calculation

Pareto Bank ASA's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=56.70/66.748
=0.85

* 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.


Pareto Bank ASA Price-to-Tangible-Book Related Terms

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


Pareto Bank ASA (OSL:PARB) Business Description

Traded in Other Exchanges
Address
Dronning Mauds gate 3, P.O. Box 1823, Vika, Oslo, NOR, 0123
Pareto Bank ASA operates as a commercial bank in Norway. It offers diversified financial services including accepting deposits, financing of construction and rehabilitation of housing, financing solutions for companies, owners and investors, financing of shipping and offshore projects, banking. The bank also offers credit cards and online banking.

Pareto Bank ASA (OSL:PARB) Headlines

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