Nedbank Group (JSE:NED) Price-to-Tangible-Book : 1.02 (As of May. 10, 2024)

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What is Nedbank Group Price-to-Tangible-Book?

As of today (2024-05-10), Nedbank Group's share price is R234.26. Nedbank Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was R228.69. Hence, Nedbank Group's Price to Tangible Book Ratio of today is 1.02.

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

JSE:NED' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.75 Med: 1.32 Max: 1.98
Current: 1.02

During the past 13 years, Nedbank Group's highest Price to Tangible Book Ratio was 1.98. The lowest was 0.75. And the median was 1.32.

JSE:NED's Price-to-Tangible-Book is ranked worse than
57.05% of 1439 companies
in the Banks industry
Industry Median: 0.93 vs JSE:NED: 1.02

A closely related ratio is called PB Ratio. As of today, Nedbank Group's share price is R234.26. Nedbank Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was R254.47. Hence, Nedbank Group's P/B Ratio of today is 0.92.

Nedbank Group Price-to-Tangible-Book Historical Data

The historical data trend for Nedbank Group'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.

Nedbank Group Price-to-Tangible-Book Chart

Nedbank Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.27

0.75

0.89

1.01

0.95

Nedbank Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.89	1.01	1.01	1.03	0.95

Competitive Comparison of Nedbank Group's Price-to-Tangible-Book

For the Banks - Regional subindustry, Nedbank Group'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.

Nedbank Group's Price-to-Tangible-Book Distribution in the Banks Industry

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

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

Nedbank Group Price-to-Tangible-Book Calculation

Nedbank Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	234.26	/	228.689
	=	1.02

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.

Nedbank Group Price-to-Tangible-Book Related Terms

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

Nedbank Group (JSE:NED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nedbank Group Ltd (JSE:NED) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

NDBKY:USA NDBKF:USA NBK:Namibia NCO:Germany

Address

135 Rivonia Road, Nedbank 135 Rivonia Campus, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.nedbankgroup.co.za

Nedbank Group Ltd is a financial services provider that offers corporate, retail, and investment banking services; insurance; asset management; and wealth management. It operates predominantly in South Africa. Net interest income from lending activities accounts for roughly half of the company's total revenue. Its operating segments include Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth, Nedbank Africa Regions, and Centre.

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