PICC Property and Casualty Co (PICC Property and Casualty Co) Market Cap : $28,884 Mil (As of Apr. 29, 2024)

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What is PICC Property and Casualty Co 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). PICC Property and Casualty Co's share price for the quarter that ended in Dec. 2023 was $29.7395. PICC Property and Casualty Co's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 890 Mil. Therefore, PICC Property and Casualty Co's market cap for the quarter that ended in Dec. 2023 was $26,460 Mil.

PICC Property and Casualty Co's quarterly market cap increased from Jun. 2023 ($24,996 Mil) to Sep. 2023 ($28,853 Mil) but then declined from Sep. 2023 ($28,853 Mil) to Dec. 2023 ($26,460 Mil).

PICC Property and Casualty Co's annual market cap increased from Dec. 2021 ($18,301 Mil) to Dec. 2022 ($20,570 Mil) and increased from Dec. 2022 ($20,570 Mil) to Dec. 2023 ($26,460 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. PICC Property and Casualty Co's Enterprise Value for Today is $28,924 Mil.

PICC Property and Casualty Co Market Cap Historical Data

The historical data trend for PICC Property and Casualty Co'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.

* Premium members only.

PICC Property and Casualty Co Market Cap Chart

PICC Property and Casualty Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Market Cap

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26,682.43

16,779.95

18,301.36

20,570.12

26,459.56

PICC Property and Casualty Co Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Market Cap	Get a 7-Day Free Trial															22,931.81	20,570.12	24,996.43	28,853.33	26,459.56

Competitive Comparison of PICC Property and Casualty Co's Market Cap

For the Insurance - Property & Casualty subindustry, PICC Property and Casualty Co'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.

PICC Property and Casualty Co's Market Cap Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PICC Property and Casualty Co's Market Cap distribution charts can be found below:

* The bar in red indicates where PICC Property and Casualty Co's Market Cap falls into.

PICC Property and Casualty Co 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.

PICC Property and Casualty Co'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 )
	=	$29.7395	*	889.711
	=	$26,460

PICC Property and Casualty Co's Market Cap for the quarter that ended in Dec. 2023 is calculated as

Market Cap (Q: Dec. 2023 )	=	Share Price (Q: Dec. 2023 )	*	Shares Outstanding (EOP) (Q: Dec. 2023 )
	=	$29.7395	*	889.711
	=	$26,460

PICC Property and Casualty Co (OTCPK:PPCCY) 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.

PICC Property and Casualty Co Market Cap Related Terms

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PICC Property and Casualty Co (PICC Property and Casualty Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PICC Property and Casualty Co Ltd (OTCPK:PPCCY) » Definitions » Market Cap

Comparable Companies

Traded in Other Exchanges

PPCCF:USA 02328:Hong Kong PJC:Germany

Address

Tower 2, No. 2 Jianguomenwai Avenue, Chaoyang District, Beijing, CHN, 100022

Website

https://property.picc.com

Headquartered in Beijing, PICC P&C is China's largest nonlife insurer, commanding over 33% market share in the country. It was founded by the People's Bank of China in 1949. The company is a flagship subsidiary of the PICC Group, a state-owned insurance group, which owns 69% of PICC P&C. The company offers a wide range of nonlife insurance products, including auto, commercial property, liability, credit and surety bond, accidents and health, energy and aerospace, and agricultural insurance.

PICC Property and Casualty Co (PICC Property and Casualty Co) Headlines

From GuruFocus

PICC Property and Casualty Co Stock Is Believed To Be Modestly Undervalued

By GF Value GF Value • 06-10-2021