South Plains Financial (SPFI)

P/B ratio as of September 2024 : 1.32

According to South Plains Financial's latest financial reports the company has a price-to-book ratio of 1.32.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

South Plains Financial - P/B ratio (from 2019 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	1.17	-10.56%
2022-12-31	1.31	8.13%
2021-12-31	1.21	30.96%
2020-12-31	0.9257	-24.7%
2019-12-31	1.23
2018-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
Northeast Bank NBN	1.63	23.45%	🇺🇸 USA
National Bank Holdings NBHC	1.28	-3.34%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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South Plains Financial (SPFI) - P/B ratio