About book value per share book value, per share, reveals the current state of the company and ignores future growth potential. Historical price to book ratio values for citigroup c over the last 10 years. In depth view into citigroup tangible book value per share including historical data from 1986, charts, stats and industry comps. For a reconciliation of this measure to reported results, see. Citigroups tangible book value last quarter was 148.
Citigroup s tangible book value per share for the quarter that ended in mar. Third quarter 2018 results and key metrics citigroup. Second quarter 2018 results and key metrics citigroup. Jun 23, 2011 company tangible bv per share 33111 share price 62211 discount to tangible bv % bank of america nyse.
Book value per share tells investors what a banks, or any stocks, book value is on a pershare basis. Tangible book value tbv is calculated by subtracting intangible assets from the companys book value. Tangible book value how is tangible book value abbreviated. Hence, citigroups price to tangible book ratio of today is 0. Citigroup inc price tangible book value chart for c koyfin. What remains is the equity that is distributable to its shareholders. For the composition of citigroups slr, see appendix d. To arrive at this number, subtract liabilities from assets. Hence, citigroup s price to tangible book ratio of today is 0. Find out all the key statistics for citigroup, inc.
For the calculation of book value, only tangible assets are taken into consideration, but market value considers both tangible as well as intangible assets. These bargain bank stocks may emerge from the coronavirus. A few analysts weighed in on citigroup prior to the report. Third quarter 2019 results and key metrics citigroup. Here is bill ackman commenting on watsas holding citigroup c, showing how he considers tangible book value. Apr 23, 2019 citigroup trades at book value and under 10 times earnings. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. Citigroup inc annualquarterly price tangible book value from 2010 to 2020. The value of a business thats dead is called its tangible book value or we call it zombie value. Zombie value is the tangible book value of the business per share. Jul 03, 2012 tangible book value is one metric to consider when deciding whether to buy a stock.
For the components of the calculation, see appendix a. Of course, the better citigroups turnaround goes and the longer management can continue to grow both the strength of the balance sheet and tangible book value per share despite the brutal banking conditions of today, the greater the chance that this discount will decrease. The book value of an individual tangible asset is calculated by subtracting accumulated depreciation from the initial cost of the asset, or its purchase price. The amount the asset has declined in value over time. A tangible book value per share tbvps is a method of valuing a company on a per share basis by measuring its equity after removing any intangible assets. Difference between book value and market value with. You can buy them right now for a 34% discount to its tangible book value. Book value is always readily available, however, the projection of market value on the current market price of a.
The staff has allowed tangible book value per share calculations made with and without those assets, with appropriate explanation. A tangible book value per share tbvps is a method of valuing a company on a pershare basis by measuring its equity after removing any. Citigroup price to book ratio 20062020 c macrotrends. Many analysts will tell you that tbv is the firms theoretical. Citigroups tangible book value per share for the quarter that ended in mar. Citigroup trades at book value and under 10 times earnings. Price to book value is a valuation ratio that is measured by stock price book value per share. For the composition of citigroup s slr, see appendix d.
Here is bill ackman commenting on watsas holding citigroup c. Can citigroup book value outshine jpmorgan and wells fargo. Bank of america also trades below its tangible book value, but its discount is. The current price to book ratio for citigroup as of may 08, 2020 is 0. At quarter end, citigroups cet1 capital ratio was 11. Citigroup inc price tangible book value for the quarter ending may 05, 2020 was 0. The tbv excludes a firms intellectual property, patents, and trademarks because these are intangible assets that cannot be easily sold such as property, plant, and equipment.
Citigroup s recovery continues, as the companys runoff assets in. Valuing prem watsas portfolio tangible book value nasdaq. Total tangible equity is calculated as the total stockholders equity minus preferred stock minus intangible assets. Citigroup s tangible book value per share for the quarter that ended in dec. Using the pricetobook ratio to value bank stocks the. Theoretically, the company can sell all its assets and pay off all its debt and liabilities. Treasury selling citigroup c below tangible book value. What to expect when goldman sachs and citigroup report. In depth view into citigroup tangible book value quarterly including. Tbv is frequently used to illustrate how much of a.
Warren buffett thinks investors should value citigroup c. The tangible book value per share tbvps shows the amount per share that shareholders would expect if the firm was liquidated today. Tangible book value per share is calculated as the total tangible equity divided by. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates. What that means is weve figured out what this business would be worth if the business is dead and doesnt do anything in the future at all. Citigroup reports fourth quarter 2017 financial results. Tangible book value is one metric to consider when deciding whether to buy a stock.
For instance, a truck with 100,000 miles on it isnt as valuable as a brandnew one. Citi is only major bank stock to trade below book value. C, including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Citi is trading at tangible book value and at an incredibly attractive earnings. Dec 11, 2017 the staff has allowed tangible book value per share calculations made with and without those assets, with appropriate explanation. Despite citigroups decision to hike quarterly dividends from 5 cents a share to 16 cents a share over q3 2016 q2 2017, citigroups dividend yield is the lowest among these banks. How to figure the book value of bank stock finance zacks. Jan 24, 2020 the book value of an individual tangible asset is calculated by subtracting accumulated depreciation from the initial cost of the asset, or its purchase price. May 25, 2017 despite citigroups decision to hike quarterly dividends from 5 cents a share to 16 cents a share over q3 2016 q2 2017, citigroups dividend yield is the lowest among these banks. Why citigroups shares are still trading at a discount to. Company tangible bv per share 33111 share price 62211 discount to tangible bv % bank of america nyse. All numbers are in millions except for per share data. C including details of assets, liabilities and shareholders equity.
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