Edited transcript of c earnings conference call or. C, including valuation measures, fiscal year financial statistics, trading record, share statistics and more. To find book value, add up everything the company owns in terms of. The current price to book ratio for jpmorgan chase as of may 11, 2020 is 1. To find book value, add up everything the company owns in terms of assets, then subtract everything the company owes, such as debts and other liabilities. Hence, citigroups price to tangible book ratio of today is 1. Quarter and due to tangible book value contraction of 1. Citigroup could well earn a return of shareholder equity near 12 per cent, so its current cinderella valuation of 0. Citigroup stated there was no change to its dividend policy.
Citigroup inc price tangible book value chart for c koyfin. We increased our return on assets yearoveryear to 97 basis points. The stock trades at a forward pe of under 9, less than bank of america, wells fargo, and jpmorgan. Can citigroup book value outshine jpmorgan and wells fargo. Assets such as property and equipment are considered to be tangible assets. It also trades virtually at tangible book value with a price to book of 1. Despite opportunities in consumer and investment banking, the most attractive element of citi is its rock bottom valuation. Citigroup inc price tangible book value for the quarter ending may 05, 2020 was 0.
Citigroups first quarter financial results, scheduled to come out april 15. Tbv is frequently used to illustrate how much of a company is left after a bankruptcy filing. Tbvps determines the potential value per share of a company in the event that it must liquidate its assets. Turnaround story trading at tangible book value nyse. Companys current price to tangible book ratio has decreased due to shareprice contraction of 41. Citigroup inc c q1 2020 earnings call transcript the. Citigroup reports first quarter 2018 financial results. Credit suisse may delay key profitability target, citigroup says. The current price to book ratio for citigroup as of may 11, 2020 is 0. Book value discounts make citi and bofa outshine jpmorgan. Price to book value is a financial ratio used to compare a companys book value to its current market price. With citi trading below its tangible book value value, we reiterate our overweight call. Citi is only major bank stock to trade below book value.
For instance, if a company filed bankruptcy with five million in current assets, three million in gross property, plant. And weve continued to launch new digitallyled value propositions, such as citi. Total tangible equity is calculated as the total stockholders equity minus preferred stock minus intangible assets. Expected to close in the fourth quarter paul murphy pictured had long coveted state bank financial in atlanta, but the timing was never right. Citigroup c has had a nice run this year, rising over 37%. Book value per share tells investors what a banks, or any stocks, book value is on a pershare basis. To calculate the tangible book value per share, malcolm finds that the firms number of shares outstanding is 2,000,000 million. About book value per share book value, per share, reveals the current state of the company and ignores future growth potential. Citigroup price to book ratio 20062020 c macrotrends.
Warren buffett thinks investors should value citigroup c. The low returns are a key reason that citi remains among the cheapest of the major banks, trading for 1. Citigroup cfo gerspach to retire, be replaced by mason. Citigroup incs longtime chief financial officer john gerspach will retire in march, to be replaced by mark mason, cfo of the institutional clients group, the thirdlargest u. Our free stock screener lets you filter and screen for stocks based on price to tangible book value along with over 100 other criteria.
What to expect when goldman sachs and citigroup report. Citigroup inc price to tangible book ratio ptb ratios. Increase in net tangible book value per share attributable to new investors. That said, insurance stocks they tend to react to book value prior to any adjustments. How to figure the book value of bank stock finance zacks. Citigroup will soon give us a read on the health of the banking. Historical price to book ratio values for citigroup c over the last 10 years. For a reconciliation of this measure to reported results, see appendix e. To arrive at this number, subtract liabilities from assets. Citigroup reports second quarter 2017 earnings per share. Find out all the key statistics for citigroup, inc. Tangible book value tbv is calculated by subtracting intangible assets from the companys book value. Assets such as property and equipment are considered to be tangible.
Citigroups tangible book value per share for the quarter that ended in jun. Citi is trading at tangible book value and at an incredibly attractive earnings multiple. Citigroup inc c q1 2020 earnings call transcript the motley fool. Tangible book value per share is calculated as the total tangible equity divided by. Citigroup trades at book value and under 10 times earnings. Citigroup reports third quarter 2017 earnings per share of. What is a good preferably free stock screener that. Marked differences between the price of a companys shares compared to its book value are often a sign of under or overvaluation. Citigroup c has had a nice run this year, rising over 37% from its. Tangible book value per share tbvps is the value of a companys tangible assets divided by its current outstanding shares. In other words, book value is the companys total tangible assets less its total liabilities. Even jpmorgan ticks at 10 times earnings, citigroup the same.