P/Tangible Book
Price relative to tangible book value per share — book value with goodwill and other intangibles removed. A more conservative balance-sheet yardstick than P/B, favoured for banks and insurers. Not-meaningful when tangible book value per share is zero or negative.
Formula
Price ÷ tangible book value per share
Related terms
Metrics on this page are computed by Moatkeep from reported filings and market data and are estimates: they depend on modelling choices (e.g. period alignment, share counts, currency) and on the underlying data being correct. Definitions are in the glossary. Figures are not investment advice — see the full disclaimer.