C including details of assets, liabilities and shareholders equity. Historical price to book ratio values for citigroup c over the last 10 years. Jun 23, 2011 company tangible bv per share 33111 share price 62211 discount to tangible bv % bank of america nyse. Citigroup s tangible book value per share for the quarter that ended in dec. The current price to book ratio for citigroup as of may 08, 2020 is 0. The amount the asset has declined in value over time. 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. Tangible book value per share is calculated as the total tangible equity divided by.
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. Second quarter 2018 results and key metrics citigroup. For a reconciliation of this measure to reported results, see. Citigroups tangible book value last quarter was 148. Access over 100 stock metrics like beta, evebitda, pe10, free cash flow yield. Many analysts will tell you that tbv is the firms theoretical. 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 trades at book value and under 10 times earnings. For the composition of citigroup s slr, see appendix d. Citigroup s tangible book value per share for the quarter that ended in mar. You can buy them right now for a 34% discount to its tangible book value. 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.
C, including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Find out all the key statistics for citigroup, inc. All numbers are in millions except for per share data. Citigroup inc price tangible book value chart for c koyfin. Here is bill ackman commenting on watsas holding citigroup c, showing how he considers tangible book value. Third quarter 2019 results and key metrics citigroup. 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. Valuing prem watsas portfolio tangible book value nasdaq. 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.
Theoretically, the company can sell all its assets and pay off all its debt and liabilities. Zombie value is the tangible book value of the business per share. Company tangible bv per share 33111 share price 62211 discount to tangible bv % bank of america nyse. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. For the composition of citigroups slr, see appendix d. Hence, citigroups price to tangible book ratio of today is 0.
Difference between book value and market value with. 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. Citigroup reports fourth quarter 2017 financial results. Hence, citigroup s price to tangible book ratio of today is 0. At quarter end, citigroups cet1 capital ratio was 11. Citigroups tangible book value per share for the quarter that ended in mar. Price to book value is a valuation ratio that is measured by stock price book value per share. What remains is the equity that is distributable to its shareholders. Citigroup inc annualquarterly price tangible book value from 2010 to 2020. The staff has allowed tangible book value per share calculations made with and without those assets, with appropriate explanation. Using the pricetobook ratio to value bank stocks the. Here is bill ackman commenting on watsas holding citigroup c.
Apr 23, 2019 citigroup trades at book value and under 10 times earnings. Citigroup price to book ratio 20062020 c macrotrends. Citigroup inc price tangible book value for the quarter ending may 05, 2020 was 0. About book value per share book value, per share, reveals the current state of the company and ignores future growth potential. The value of a business thats dead is called its tangible book value or we call it zombie value. Get the annual and quarterly balance sheet of citigroup, inc. Book value per share tells investors what a banks, or any stocks, book value is on a pershare basis. 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. To arrive at this number, subtract liabilities from assets. Citigroup s recovery continues, as the companys runoff assets in. For the components of the calculation, see appendix a.
Turnaround story trading at tangible book value nyse. The tangible book value per share tbvps shows the amount per share that shareholders would expect if the firm was liquidated today. In depth view into citigroup tangible book value per share including historical data from 1986, charts, stats and industry comps. Tbv is frequently used to illustrate how much of a. A few analysts weighed in on citigroup prior to the report. Treasury selling citigroup c below tangible book value. Jul 03, 2012 tangible book value is one metric to consider when deciding whether to buy a stock. These bargain bank stocks may emerge from the coronavirus. Why citigroups shares are still trading at a discount to. 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. Us banks trading at the lowest pricetoadjusted tangible. Tangible book value how is tangible book value abbreviated.
Citi is only major bank stock to trade below book value. Citigroup reports first quarter 2018 financial results. 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. Bank of america also trades below its tangible book value, but its discount is. Citi is trading at tangible book value and at an incredibly attractive earnings.
Total tangible equity is calculated as the total stockholders equity minus preferred stock minus intangible assets. Dec 11, 2017 the staff has allowed tangible book value per share calculations made with and without those assets, with appropriate explanation. For the calculation of book value, only tangible assets are taken into consideration, but market value considers both tangible as well as intangible assets. Third quarter 2018 results and key metrics citigroup. In depth view into citigroup tangible book value quarterly including. For instance, a truck with 100,000 miles on it isnt as valuable as a brandnew one. Warren buffett thinks investors should value citigroup c. Tangible book value is one metric to consider when deciding whether to buy a stock. Tangible book value tbv is calculated by subtracting intangible assets from the companys book value. What to expect when goldman sachs and citigroup report. Citigroup reports second quarter 2018 financial results. Can citigroup book value outshine jpmorgan and wells fargo. How to figure the book value of bank stock finance zacks.
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