Platinum Underwriters Holdings (FRA:PMU) PB Ratio : 1.17 (As of Jun. 09, 2024)

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What is Platinum Underwriters Holdings PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-06-09), Platinum Underwriters Holdings's share price is €65.56. Platinum Underwriters Holdings's Book Value per Share for the quarter that ended in Dec. 2014 was €56.17. Hence, Platinum Underwriters Holdings's PB Ratio of today is 1.17.

The historical rank and industry rank for Platinum Underwriters Holdings's PB Ratio or its related term are showing as below:

FRA:PMU's PB Ratio is not ranked ^*
in the Insurance industry.
Industry Median: 1.23
* Ranked among companies with meaningful PB Ratio only.

Back to Basics: PB Ratio

Platinum Underwriters Holdings PB Ratio Historical Data

The historical data trend for Platinum Underwriters Holdings's PB Ratio 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.

Platinum Underwriters Holdings PB Ratio Chart

Platinum Underwriters Holdings Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

PB Ratio

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0.78

0.75

0.74

1.02

1.11

Platinum Underwriters Holdings Quarterly Data
	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14
PB Ratio	Get a 7-Day Free Trial															0.96	0.92	0.95	0.94	1.05

Competitive Comparison of Platinum Underwriters Holdings's PB Ratio

For the Insurance - Reinsurance subindustry, Platinum Underwriters Holdings's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Platinum Underwriters Holdings's PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Platinum Underwriters Holdings's PB Ratio distribution charts can be found below:

* The bar in red indicates where Platinum Underwriters Holdings's PB Ratio falls into.

Platinum Underwriters Holdings PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Platinum Underwriters Holdings's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2014)
	=	65.56	/	56.173
	=	1.17

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

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Platinum Underwriters Holdings (FRA:PMU) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Platinum Underwriters Holdings PB Ratio Related Terms

Thank you for viewing the detailed overview of Platinum Underwriters Holdings's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Platinum Underwriters Holdings (FRA:PMU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Platinum Underwriters Holdings Ltd (FRA:PMU) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.platinumre.com

Platinum Underwriters Holdings, Ltd. was incorporated on April 19, 2002. It operates as a holding company domiciled in Bermuda. Through its operating subsidiaries, it provides property and marine, casualty and finite risk reinsurance coverages, through reinsurance intermediaries, to a diverse clientele of commercial and personal lines insurers and select reinsurers on a basis. The Company operates through two licensed reinsurance subsidiaries, Platinum Underwriters Bermuda, Ltd., a Bermuda reinsurance company and wholly owned subsidiary of Platinum Holdings, and Platinum Underwriters Reinsurance, Inc., a U.S. reinsurance company and a wholly owned subsidiary of Platinum Underwriters Finance, Inc. The Company operates in Property and Marine, Casualty and Finite Risk segments. It provides reinsurance coverage for damage to property and crops. It provides reinsurance coverage for marine and offshore energy insurance programs. Coverages reinsured include hull damage, protection and indemnity, cargo damage, satellite damage and general marine liability. Within Marine, it also writes commercial and general aviation reinsurance. Casualty reinsurance protects a ceding company against financial loss arising out of the obligation to others for loss or damage to persons or property. The Company's Casualty operating segment mainly includes reinsurance contracts that cover umbrella liability, general and product liability, professional liability, workers' compensation, casualty clash, automobile liability, surety, trade credit, political risk and accident and health. Finite reinsurance includes mainly structured reinsurance contracts with ceding companies whose needs might not be met efficiently through traditional reinsurance products. Reinsurance contracts classified as finite are typically structured to include loss limitation or loss mitigation features. It markets its reinsurance products mainly through non-exclusive relationships with reinsurance brokers. The property and casualty reinsurance industry is competitive. It competes with Arch Capital Group Ltd., Axis Capital Holdings Limited, Endurance Specialty Holdings Ltd., Everest Re Group, Ltd., Montpelier Re Holdings Ltd., PartnerRe Ltd., RenaissanceRe Holdings Ltd. and Transatlantic Holdings, Inc. The business of reinsurance is regulated in several countries, although the degree and type of regulation. Reinsurers are generally subject to less direct regulation than main insurers.

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