As of today (2024-04-23), Ping An Insurance (Group) Co. of China's share price is HK$33.00. Ping An Insurance (Group) Co. of China's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$49.39. Hence, Ping An Insurance (Group) Co. of China's Price to Tangible Book Ratio of today is 0.67.
The historical rank and industry rank for Ping An Insurance (Group) Co. of China's Price-to-Tangible-Book or its related term are showing as below:
HKSE:02318'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.87 Med: 2.13 Max: 3.05
Current: 0.92
During the past 13 years, Ping An Insurance (Group) Co. of China's highest Price to Tangible Book Ratio was 3.05. The lowest was 0.87. And the median was 2.13.
HKSE:02318's Price-to-Tangible-Book is ranked better than 69.93% of 459
companies
in the Insurance industry
Industry Median: 1.32
vs HKSE:02318: 0.92
A closely related ratio is called PB Ratio. As of today, Ping An Insurance (Group) Co. of China's share price is HK$33.00. Ping An Insurance (Group) Co. of China's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$54.00. Hence, Ping An Insurance (Group) Co. of China's P/B Ratio of today is 0.61.
Ping An Insurance (Group) Co. of China Price-to-Tangible-Book Historical Data
The historical data trend for Ping An Insurance (Group) Co. of China's Price-to-Tangible-Book 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.
Ping An Insurance (Group) Co. of China Annual Data
For the Insurance - Life subindustry, Ping An Insurance (Group) Co. of China's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution
For the Insurance industry and Financial Services sector, Ping An Insurance (Group) Co. of China's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Ping An Insurance (Group) Co. of China's Price-to-Tangible-Book falls into.
Ping An Insurance (Group) Co. of China Price-to-Tangible-Book Calculation
Ping An Insurance (Group) Co. of China's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Ping An Insurance (Group) Co. of China Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Ping An Insurance (Group) Co. of China's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Ping An Insurance (Group) Co. of China (HKSE:02318) Business Description
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.
Ping An Insurance (Group) Co. of China (HKSE:02318) Headlines
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