Ping An Insurance (Group) Co. of China (HKSE:02318) Market Cap : HK$758,165 Mil (As of Apr. 26, 2024)

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What is Ping An Insurance (Group) Co. of China Market Cap?

Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Ping An Insurance (Group) Co. of China's share price for the quarter that ended in Mar. 2024 was HK$33.05. Ping An Insurance (Group) Co. of China's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 18,210 Mil. Therefore, Ping An Insurance (Group) Co. of China's market cap for the quarter that ended in Mar. 2024 was HK$601,847 Mil.

Ping An Insurance (Group) Co. of China's quarterly market cap declined from Sep. 2023 (HK$816,727 Mil) to Dec. 2023 (HK$643,731 Mil) and declined from Dec. 2023 (HK$643,731 Mil) to Mar. 2024 (HK$601,847 Mil).

Ping An Insurance (Group) Co. of China's annual market cap declined from Dec. 2021 (HK$1,026,433 Mil) to Dec. 2022 (HK$944,172 Mil) and declined from Dec. 2022 (HK$944,172 Mil) to Dec. 2023 (HK$643,731 Mil).

Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Ping An Insurance (Group) Co. of China's Enterprise Value for Today is HK$1,405,589 Mil.

Ping An Insurance (Group) Co. of China Market Cap Historical Data

The historical data trend for Ping An Insurance (Group) Co. of China's Market Cap can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ping An Insurance (Group) Co. of China Market Cap Chart

Ping An Insurance (Group) Co. of China Annual Data

Trend

Dec14

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Dec22

Dec23

Market Cap

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1,683,606.42

1,738,447.02

1,026,433.23

944,172.33

643,730.57

Ping An Insurance (Group) Co. of China Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Market Cap	Get a 7-Day Free Trial															930,541.22	907,778.47	816,727.47	643,730.57	601,847.11

Competitive Comparison of Ping An Insurance (Group) Co. of China's Market Cap

For the Insurance - Life subindustry, Ping An Insurance (Group) Co. of China's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ping An Insurance (Group) Co. of China's Market Cap Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Ping An Insurance (Group) Co. of China's Market Cap distribution charts can be found below:

* The bar in red indicates where Ping An Insurance (Group) Co. of China's Market Cap falls into.

Ping An Insurance (Group) Co. of China Market Cap Calculation

Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.

Ping An Insurance (Group) Co. of China's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as

Market Cap (A: Dec. 2023 )	=	Share Price (A: Dec. 2023 )	*	Shares Outstanding (EOP) (A: Dec. 2023 )
	=	HK$35.35	*	18210.2
	=	HK$643,731

Ping An Insurance (Group) Co. of China's Market Cap for the quarter that ended in Mar. 2024 is calculated as

Market Cap (Q: Mar. 2024 )	=	Share Price (Q: Mar. 2024 )	*	Shares Outstanding (EOP) (Q: Mar. 2024 )
	=	HK$33.05	*	18210.2
	=	HK$601,847

Ping An Insurance (Group) Co. of China (HKSE:02318) Market Cap Explanation

Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.

Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.

Ping An Insurance (Group) Co. of China Market Cap Related Terms

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Ping An Insurance (Group) Co. of China (HKSE:02318) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ping An Insurance (Group) Co. of China Ltd (HKSE:02318) » Definitions » Market Cap

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Traded in Other Exchanges

PNGAY:USA PIAIF:USA PZX:Germany 601318:China PZX:Austria

Address

No. 5033 Yitian Road, Ping An Finance Center, 47th, 48th, 109th, 110th, 111th and 112th Floors, Futian District, Guangdong Province, Shenzhen, CHN, 518033

Website

https://www.pingan.cn

Founded in 1988, Ping An Insurance is an integrated financial service provider headquartered in Shenzhen. The company has a focus on the offerings of healthcare services and integrated financial products. Ping An is China's second-largest life and P&C insurer. The company strives for an integrated financial services platform comprising life insurance, P&C insurance, banking, other financial services, and technology. These business segments contributed 65%, 5%, 26%, 2%, and 4% of the company's operating profits, respectively, in 2022.

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