All time low valuation on P/B basisAlthough this Price to Book Value is at a point in time (year end) rather than average throughout the year, IFP and CFP are trading presently at historically low Price to Book Values:
Price to Book Value | IFP | CFP | IFP vs. CFP Difference |
December 31, 2013 | 1.35 | 2.30 | (0.96) |
December 31, 2014 | 2.02 | 2.47 | (0.45) |
December 31, 2015 | 1.27 | 1.65 | (0.38) |
December 31, 2016 | 1.26 | 1.17 | 0.09 |
December 31, 2017 | 1.74 | 1.88 | (0.14) |
December 31, 2018 | 1.03 | 1.02 | 0.01 |
December 31, 2019 | 1.18 | 0.92 | 0.26 |
December 31, 2020 | 1.47 | 1.30 | 0.17 |
December 31, 2021 | 1.55 | 1.14 | 0.41 |
December 19, 2022 | 0.51 | 0.59 | (0.08) |
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* Excluding CFP's net cash on hand at 2022-09-30, CFP's price to book on Dec. 19, 2022 would be 0.42. |