AXA (AXAHF) Price-to-Tangible-Book

: 3.13 (As of Today)

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As of today (2024-04-19), AXA's share price is $35.92. AXA's Tangible Book per Share of Jun. 2023 for the quarter that ended in Jun. 2023 was $11.48. Hence, AXA's Price to Tangible Book Ratio of today is 3.13.

The historical rank and industry rank for AXA's Price-to-Tangible-Book or its related term are showing as below:

AXAHF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.82 Med: 1.26 Max: 3.2
Current: 3.2

During the past 13 years, AXA's highest Price to Tangible Book Ratio was 3.20. The lowest was 0.82. And the median was 1.26.

AXAHF's Price-to-Tangible-Book is ranked worse than
81.48% of 459 companies
in the Insurance industry
Industry Median: 1.33 vs AXAHF: 3.20

A closely related ratio is called PB Ratio. As of today, AXA's share price is $35.92. AXA's Book Value per Sharefor the quarter that ended in Jun. 2023 was $21.96. Hence, AXA's P/B Ratio of today is 1.64.

AXA Price-to-Tangible-Book Historical Data

The historical data trend for AXA'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.

AXA Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

1.14

1.31

0.92

1.27

2.67

AXA Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Price-to-Tangible-Book																1.78	1.27	1.65	2.67	2.53

Competitive Comparison

For the Insurance - Diversified subindustry, AXA'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.

AXA Price-to-Tangible-Book Distribution

For the Insurance industry and Financial Services sector, AXA's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where AXA's Price-to-Tangible-Book falls into.

AXA Price-to-Tangible-Book Calculation

AXA's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2023 )
	=	35.92	/	11.475
	=	3.13

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

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.

AXA Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of AXA's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

AXA (AXAHF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AXA SA (OTCPK:AXAHF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

AXAHY:USA AXA:Italy CSp:UK 0HAR:UK CS:France AXA:Germany CS:Austria

Address

25, Avenue Matignon, Paris, FRA, 75008

Website

https://www.axa.com

AXA's origins date back to Ancienne Mutuelle, which was one of the few insurers that remained after the creation of the French security system. With the threat of nationalization, a merger took place between three insurance groups The Drouot Group, AXA (still known as Mutuelles Unies in 1982), and Presence Group. Ten years later AXA acquired North American life insurer Equitable Holdings. This was a time of expansion as AXA also bought UAP, a large French insurer at that time. Yet, as markets crashed at the turn of the millennium, AXA decided to refocus its business and exited its stake in U.S. investment bank Donaldson, Lufkin & Jenrette. A few years later the firm expanded again with the acquisition of Swiss insurer Winterthur. About 5 years ago AXA began reshaping its portfolio again.

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