Prime Meridian Holding Co (Prime Meridian Holding Co) Price-to-Tangible-Book : 0.87 (As of May. 13, 2024)

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What is Prime Meridian Holding Co Price-to-Tangible-Book?

As of today (2024-05-13), Prime Meridian Holding Co's share price is $21.25. Prime Meridian Holding Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $24.53. Hence, Prime Meridian Holding Co's Price to Tangible Book Ratio of today is 0.87.

The historical rank and industry rank for Prime Meridian Holding Co's Price-to-Tangible-Book or its related term are showing as below:

PMHG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.86 Med: 1.14 Max: 1.58
Current: 0.86

During the past 11 years, Prime Meridian Holding Co's highest Price to Tangible Book Ratio was 1.58. The lowest was 0.86. And the median was 1.14.

PMHG's Price-to-Tangible-Book is ranked better than
56.47% of 1438 companies
in the Banks industry
Industry Median: 0.93 vs PMHG: 0.86

A closely related ratio is called PB Ratio. As of today, Prime Meridian Holding Co's share price is $21.25. Prime Meridian Holding Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was $24.53. Hence, Prime Meridian Holding Co's P/B Ratio of today is 0.87.

Prime Meridian Holding Co Price-to-Tangible-Book Historical Data

The historical data trend for Prime Meridian Holding Co'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.

Prime Meridian Holding Co Price-to-Tangible-Book Chart

Prime Meridian Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.17

0.93

1.32

1.17

0.96

Prime Meridian Holding Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.96	0.90	0.96	0.96	0.87

Competitive Comparison of Prime Meridian Holding Co's Price-to-Tangible-Book

For the Banks - Regional subindustry, Prime Meridian Holding Co'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.

Prime Meridian Holding Co's Price-to-Tangible-Book Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Prime Meridian Holding Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Prime Meridian Holding Co's Price-to-Tangible-Book falls into.

Prime Meridian Holding Co Price-to-Tangible-Book Calculation

Prime Meridian Holding Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	21.25	/	24.533
	=	0.87

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.

Prime Meridian Holding Co Price-to-Tangible-Book Related Terms

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

Prime Meridian Holding Co (Prime Meridian Holding Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Prime Meridian Holding Co (OTCPK:PMHG) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

1471 Timberlane Road, Tallahassee, FL, USA, 32312

Website

https://www.primemeridianbank.com

Prime Meridian Holding Co is a bank holding company. Its services portfolio includes mobile banking, mobile deposit, Apple Pay, Bank-to-Bank transfers, online banking, demand interest-bearing, and non-interest-bearing accounts, and savings accounts, among others. It also offers commercial real estate loans, residential and home equity loans, construction loans, commercial loans, and consumer and other loans. The majority of revenues are derived from interest income and fees on loans, interest, and dividends from investment securities, and service charge income generated from demand accounts, ATM fees, and other services.