VersaBank, a schedule I chartered bank, provides various banking products and services in Canada. The company offers deposit products, such as guaranteed investment certificates, registered retirement savings plans, daily interest savings accounts, and tax-free savings accounts, as well as deposit insurance products. It also provides lending services, including point of sale financing that involves purchasing loan and lease receivables from finance companies operating in various industries; and commercial banking services comprising commercial real estate, public sector/infrastructure financing, condominium financing, and residential mortgages. The company was formerly known as Pacific & Western Bank of Canada and changed its name to VersaBank in May 2016. VersaBank was incorporated in 1979 and is headquartered in London, Canada.
P/B ratio for VersaBank (VBNK)
P/B ratio as of 2023: 0.72
According to VersaBank's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 0.72. At the end of 2022 the company had a P/B ratio of 0.73.
P/B ratio history for VersaBank from 2011 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 0.72 |
| 2022 | 0.73 |
| 2021 | 0.97 |
| 2020 | 0.55 |
| 2019 | 0.58 |
| 2018 | 0.67 |
| 2017 | 0.58 |
| 2016 | 0.54 |
| 2015 | 0.63 |
| 2014 | 0.71 |
| 2013 | 0.89 |
| 2012 | 1.19 |
| 2011 | 1.15 |