Does citigroup deserve more credit for this bottomline beat. Find out all the key statistics for citigroup, inc. Bank stocks look like bargains and their dividends are safe. Citigroup inc price tangible book value for the quarter ending april 04, 2020 was 0. Book value at citigroup, bank of america, jpmorgan, wells. Tbv is frequently used to illustrate how much of a company is left after a bankruptcy filing. Second quarter 2018 results and key metrics citigroup. Are both very cheap stocks, but in very different ways. C, including valuation measures, fiscal year financial statistics, trading. It provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. Citigroups tangible book value per share for the quarter that ended in dec.
For the components of the calculation, see appendix a. Citigroup trades for just 74% of its book value, and 87% of its tangible book value, which. Nov 01, 2019 4 for information on rotce and tbv, see capital resources tangible common equity, book value per share, tangible book value per share and returns on equity below. Citigroup price to book ratio 20062019 c macrotrends. Analyze up to 10 years of full 10k annual reports and quarterly 10q sec filings for citigroup inc c using our online tools. Citigroup inc third quarter 2019 results and key metrics. Get the detailed quarterlyannual income statement for citigroup, inc. Jun 15, 2010 new york thestreet among the ten most actively traded bank stocks trading below book value, there are many stocks that should be avoided, but also several good plays on the coming recovery. How to figure the book value of bank stock finance zacks. He called citi incredibly attractive, with shares selling well below. Find out the revenue, expenses and profit or loss over the last fiscal year. In other words, its how much all of the physical assets of a company are worth.
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. Many analysts will tell you that tbv is the firms theoretical. You can buy them right now for a 34% discount to its tangible book value. For financial companies, the book value usually measures the companys economic value better than other values since the. Heres why citigroup is the cheapest big bank stock right now. In depth view into citigroup price to tangible book value including historical data from 1986, charts, stats and industry comps. Tangible book value tbv is calculated by subtracting intangible assets from the companys book value. Citigroup reports first quarter 2018 financial results. Heres why citigroup is the cheapest big bank stock right. 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 intangible assets. Feb 04, 20 10 most profitable banks trading below book value. Hence, citigroup s price to tangible book ratio of today is 0.
Citigroup c has had a nice run this year, rising over 37%. Fundamental analysis data for citigroup inc c, including priceearnings ratios and earnings per share, at ally invest. First quarter 2019 results and key metrics citigroup. C s pricetotangiblebook range over the past 10 years during the past years, citigroups highest price to tangible book ratio was 5. Price book value is a widely used stock evaluation measure. Find the latest price book value for citigroup inc. Turnaround story trading at tangible book value nyse. The price to tangible book value ptbv is a valuation ratio expressing the price of a security compared to its hard, or tangible, book value as reported in the companys balance sheet. Citigroup reports third quarter 2018 financial results. He called citi incredibly attractive, with shares selling well below tangible book value. Analysts recommend buying citigroup shares, but is it too. Book value is a widely used stock evaluation measure. In depth view into citigroup tangible book value per share including historical data from 1986, charts, stats and industry comps.
Hence, citigroups price to tangible book ratio of today is 0. For the composition of citigroup s slr, see appendix d. Citigroup continues to trade significantly below its tangible book value, a sign investors value the bank at less than the sum. Mar 18, 2020 assets to tangible book value in 2007 was 43 times and now its times. Citigroups significant discount to tangible book value is. Citigroup s tangible book value per share for the quarter that ended in dec. All numbers are in millions except for per share data and ratio. Us banks trading at lowest pricetoadjusted tangible book. Jun 01, 2016 the above chart shows ally financials tangible book value per share. Assets to tangible book value in 2007 was 43 times and now its times. Third quarter 2018 results and key metrics citigroup. Tangible book value, also known as net tangible equity, measures a firms net asset value excluding the intangible assets and goodwill.
Citi is trading at tangible book value and at an incredibly attractive earnings multiple. If investors are confident in citis turnaround and digital strategy, now is the best time to buy. Bank stocks look like bargains and their dividends are safe, these. Forbes takes privacy seriously and is committed to transparency. The above chart shows ally financials tangible book value per share. Bill nygren of oak mark fund invests in citigroup and ally. Citigroup was the top performer within the group, gaining 12. Us banks trading at the lowest pricetoadjusted tangible. Bank of america also trades below its tangible book value, but its discount is. At quarter end, citigroups cet1 capital ratio was 11. We only care where somethings going, not where its come from, and ive got to tell you, i think citi is the cheapest of the bank stocks. Jun 28, 2019 citi is trading at tangible book value and at an incredibly attractive earnings multiple.
For the composition of citigroups slr, see appendix d. Citigroup inc price tangible book value chart for c koyfin. Jan 16, 2018 slow progress for citigroup on core profitability. We increased our return on assets yearoveryear to 97 basis points. C, including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Jun 28, 2019 finally, citi is trading virtually at tangible book value and has generously returned capital to shareholders as its stock trades at an incredibly low multiple. Bank stocks look like bargains and their dividends are. New york thestreet among the ten most actively traded bank stocks trading below book value, there are many stocks that should be avoided, but also several good plays on. For financial companies, the book value usually measures the companys economic value better than. Oct 27, 2019 the price to tangible book value ptbv is a valuation ratio expressing the price of a security compared to its hard, or tangible, book value as reported in the companys balance sheet. Can citigroup book value outshine jpmorgan and wells fargo.