Ray Sigorta AS (IST:RAYSG) Price-to-Tangible-Book : 47.24 (As of Jun. 05, 2024)

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What is Ray Sigorta AS Price-to-Tangible-Book?

As of today (2024-06-05), Ray Sigorta AS's share price is ₺570.50. Ray Sigorta AS's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was ₺12.08. Hence, Ray Sigorta AS's Price to Tangible Book Ratio of today is 47.24.

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

IST:RAYSG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.67 Med: 1.69 Max: 47.23
Current: 47.23

During the past 13 years, Ray Sigorta AS's highest Price to Tangible Book Ratio was 47.23. The lowest was 0.67. And the median was 1.69.

IST:RAYSG's Price-to-Tangible-Book is ranked worse than
99.57% of 465 companies
in the Insurance industry
Industry Median: 1.34 vs IST:RAYSG: 47.23

A closely related ratio is called PB Ratio. As of today, Ray Sigorta AS's share price is ₺570.50. Ray Sigorta AS's Book Value per Sharefor the quarter that ended in Dec. 2023 was ₺12.38. Hence, Ray Sigorta AS's P/B Ratio of today is 46.09.

Ray Sigorta AS Price-to-Tangible-Book Historical Data

The historical data trend for Ray Sigorta AS'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.

Ray Sigorta AS Price-to-Tangible-Book Chart

Ray Sigorta AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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2.20

7.76

5.32

3.98

19.67

Ray Sigorta AS Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															3.98	3.49	2.76	6.42	19.67

Competitive Comparison of Ray Sigorta AS's Price-to-Tangible-Book

For the Insurance - Diversified subindustry, Ray Sigorta AS'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.

Ray Sigorta AS's Price-to-Tangible-Book Distribution in the Insurance Industry

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

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

Ray Sigorta AS Price-to-Tangible-Book Calculation

Ray Sigorta AS's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	570.50	/	12.077
	=	47.24

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.

Ray Sigorta AS Price-to-Tangible-Book Related Terms

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

Ray Sigorta AS (IST:RAYSG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ray Sigorta AS (IST:RAYSG) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Haydar Aliyev Caddesi No.28, Cumhuriyet Mahallesi, Tarabya, Istanbul, TUR, 34457

Website

http://www.raysigorta.com.tr

Ray Sigorta AS is a Turkey-based insurance company. It offers motor, household and health insurances. The motor insurance covers accidents such as the collision of the car with other motor or no-motor vehicles used on the road or railroad. Its household insurance secures house and goods against many risks such as fire, robbery, earthquake, and floods. The health insurance product consists of emergency health insurance, complementary health insurance, health insurance for foreigners and travel health insurance. In addition, it also provides contracted health institutions and contracted auto services.

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