Definity Financial (TSX:DFY) Price-to-Tangible-Book : 3.29 (As of May. 01, 2024)

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

As of today (2024-05-01), Definity Financial's share price is C$45.89. Definity Financial's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$13.96. Hence, Definity Financial's Price to Tangible Book Ratio of today is 3.29.

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

TSX:DFY' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.47 Med: 2.51 Max: 3.31
Current: 3.29

During the past 4 years, Definity Financial's highest Price to Tangible Book Ratio was 3.31. The lowest was 1.47. And the median was 2.51.

TSX:DFY's Price-to-Tangible-Book is ranked worse than
81.92% of 459 companies
in the Insurance industry
Industry Median: 1.34 vs TSX:DFY: 3.29

A closely related ratio is called PB Ratio. As of today, Definity Financial's share price is C$45.89. Definity Financial's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$24.57. Hence, Definity Financial's P/B Ratio of today is 1.87.

Definity Financial Price-to-Tangible-Book Historical Data

The historical data trend for Definity 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.

Definity Financial Price-to-Tangible-Book Chart

Definity Financial Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

1.47

2.51

2.69

Definity Financial Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial								2.51	2.18	2.39	2.67	2.69

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

For the Insurance - Property & Casualty subindustry, Definity 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.

Definity Financial's Price-to-Tangible-Book Distribution in the Insurance Industry

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

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

Definity Financial Price-to-Tangible-Book Calculation

Definity 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 )
	=	45.89	/	13.959
	=	3.29

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.

Definity Financial Price-to-Tangible-Book Related Terms

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

Definity Financial (TSX:DFY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Definity Financial Corp (TSX:DFY) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

DFYFF:USA

Address

111 Westmount Road South, Waterloo, ON, CAN, N2L 2L6

Website

https://www.definityfinancial.com

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers. Its commercial insurance products include fleet, individually-rated commercial auto, property, liability, and specialty insurance products.

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