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Wells Fargo (Wells Fargo) Price-to-Tangible-Book : 1.60 (As of May. 29, 2024)


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What is Wells Fargo Price-to-Tangible-Book?

As of today (2024-05-29), Wells Fargo's share price is $58.75. Wells Fargo's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $36.82. Hence, Wells Fargo's Price to Tangible Book Ratio of today is 1.60.

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

WFC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.77   Med: 1.63   Max: 2.37
Current: 1.6

During the past 13 years, Wells Fargo's highest Price to Tangible Book Ratio was 2.37. The lowest was 0.77. And the median was 1.63.

WFC's Price-to-Tangible-Book is ranked worse than
82.52% of 1442 companies
in the Banks industry
Industry Median: 0.92 vs WFC: 1.60

A closely related ratio is called PB Ratio. As of today, Wells Fargo's share price is $58.75. Wells Fargo's Book Value per Sharefor the quarter that ended in Mar. 2024 was $46.36. Hence, Wells Fargo's P/B Ratio of today is 1.27.


Wells Fargo Price-to-Tangible-Book Historical Data

The historical data trend for Wells Fargo'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.

Wells Fargo Price-to-Tangible-Book Chart

Wells Fargo 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 1.77 0.97 1.39 1.27 1.34

Wells Fargo 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 1.11 1.24 1.18 1.34 1.57

Competitive Comparison of Wells Fargo's Price-to-Tangible-Book

For the Banks - Diversified subindustry, Wells Fargo'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.


Wells Fargo's Price-to-Tangible-Book Distribution in the Banks Industry

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

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



Wells Fargo Price-to-Tangible-Book Calculation

Wells Fargo's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Mar. 2024 )
=58.75/36.815
=1.60

* 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.


Wells Fargo Price-to-Tangible-Book Related Terms

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


Wells Fargo (Wells Fargo) Business Description

Address
420 Montgomery Street, San Francisco, CA, USA, 94104
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
Executives
Richard K Davis director 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Thomas R Nides officer: Vice Chairman C/O WELLS FARGO & COMPANY, 420 MONTGOMERY STREET, SAN FRANCISCO CA 94104
Tracy M Kerrins officer: Sr. Executive Vice President 300 S BREVARD STREET, CHARLOTTE NC 28202
Kyle G Hranicky officer: Sr. Executive Vice President 1000 LOUISIANA STREET, HOUSTON TX 77002
Felicia F Norwood director 120 MONUMENT CIRCLE, INDIANAPOLIS IN 46204
Kleber Santos officer: Sr. Executive Vice President 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Ellen R Patterson officer: Sr. EVP and General Counsel 30 HUDSON YARDS, NEW YORK NY 10001
Kristy Fercho officer: Sr. Executive Vice President 5151 CORPORATE DRIVE, TROY MI 48098
Cecelia Morken director 26025 MUREAU ROAD, CALABASAS CA 91302
Beurden Saul Van officer: Sr. Executive Vice President 150 EAST 42ND STREET, NEW YORK NY 10017
Bei Ling officer: Sr. Executive Vice President 30 HUDSON YARDS, NEW YORK NY 10001
Ather Iii Williams officer: Sr. Executive Vice President 30 HUDSON YARDS, NEW YORK NY 10001
Michael P. Santomassimo officer: Sr. EVP & CFO 225 LIBERTY STREET, NEW YORK NY 10286
Mark A Chancy director 303 PEACHTREE ST., 30TH FLOOR, ATLANTA GA 30308
Lester Owens officer: Sr. Executive Vice President 240 GREENWICH STREET, NEW YORK NY 10286