Southern Michigan Bancorp (Southern Michigan Bancorp) Price-to-Tangible-Book : 1.35 (As of Apr. 28, 2024)

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What is Southern Michigan Bancorp Price-to-Tangible-Book?

As of today (2024-04-28), Southern Michigan Bancorp's share price is $17.99. Southern Michigan Bancorp's Tangible Book per Share of Dec. 2018 for the quarter that ended in Dec. 2018 was $13.34. Hence, Southern Michigan Bancorp's Price to Tangible Book Ratio of today is 1.35.

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

SOMC's Price-to-Tangible-Book is not ranked ^*
in the Banks industry.
Industry Median: 0.93
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Southern Michigan Bancorp's share price is $17.99. Southern Michigan Bancorp's Book Value per Sharefor the quarter that ended in Dec. 2018 was $16.31. Hence, Southern Michigan Bancorp's P/B Ratio of today is 1.10.

Southern Michigan Bancorp Price-to-Tangible-Book Historical Data

The historical data trend for Southern Michigan Bancorp'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.

Southern Michigan Bancorp Price-to-Tangible-Book Chart

Southern Michigan Bancorp Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Price-to-Tangible-Book

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0.98

1.13

1.27

1.52

1.43

Southern Michigan Bancorp Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.52	1.46	1.45	1.56	1.43

Competitive Comparison of Southern Michigan Bancorp's Price-to-Tangible-Book

For the Banks - Regional subindustry, Southern Michigan Bancorp'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.

Southern Michigan Bancorp's Price-to-Tangible-Book Distribution in the Banks Industry

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

* The bar in red indicates where Southern Michigan Bancorp's Price-to-Tangible-Book falls into.

Southern Michigan Bancorp Price-to-Tangible-Book Calculation

Southern Michigan Bancorp's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2018 )
	=	17.99	/	13.34
	=	1.35

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.

Southern Michigan Bancorp Price-to-Tangible-Book Related Terms

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

Southern Michigan Bancorp (Southern Michigan Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southern Michigan Bancorp Inc (OTCPK:SOMC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 West Pearl Street, Coldwater, MI, USA, 49036

Website

https://www.smb-t.com

Southern Michigan Bancorp Inc is a United States-based financial holding company. It is engaged in the business activity of the ownership and management of its wholly-owned subsidiary bank. The Bank offers individuals, businesses, institutions, and government agencies a full range of commercial banking services. The customer base is located primarily in the southwest Michigan communities in which the Bank has branches, and in areas immediately surrounding these communities. The Bank makes commercial and consumer loans to customers. The majority of loans are secured by business assets, commercial and residential real estate, and consumer assets. The bank operates in a single segment: commercial banking.

Southern Michigan Bancorp (Southern Michigan Bancorp) Headlines

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