New China Life Insurance Co's quarterly market cap
declined
from Sep. 2023 (¥114,893 Mil) to Dec. 2023 (¥97,112 Mil) and
declined
from Dec. 2023 (¥97,112 Mil) to Mar. 2024 (¥93,025 Mil).
New China Life Insurance Co's annual market cap
declined
from Dec. 2021 (¥121,288 Mil) to Dec. 2022 (¥93,836 Mil) but then
increased
from Dec. 2022 (¥93,836 Mil) to Dec. 2023 (¥97,112 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. New China Life Insurance Co's Enterprise Value for Today is ¥82,483 Mil.
New China Life Insurance Co Market Cap Historical Data
* 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.
Competitive Comparison of New China Life Insurance Co's Market Cap
For the Insurance - Life subindustry, New China Life Insurance 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.
New China Life Insurance Co's Market Cap Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, New China Life Insurance Co's Market Cap distribution charts can be found below:
* The bar in red indicates where New China Life Insurance Co's Market Cap falls into.
New China Life Insurance 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.
* 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.
New China Life Insurance Co (SHSE:601336) 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.
New China Life Insurance Co Market Cap Related Terms
Thank you for viewing the detailed overview of New China Life Insurance Co's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
New China Life Insurance Co (SHSE:601336) Business Description
Headquartered in Beijing, New China Life Insurance, or NCI, was founded by SOEs and private firms in 1996. The company is the fourth-largest life insurer in China in terms of total assets. Huijin Investment, the government's investment company owns 31% shares of New China Life. The company was listed on the Hong Kong and Shanghai Stock Exchanges in 2011. New China Life offers comprehensive life insurance products and services to individual customers and institutional customers through nationwide distributional networks and diversified marketing channels, manages and deploys insurance funds through its subsidiaries, including Asset Management Company and Asset Management Company (Hong Kong).
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