The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, New China Life Insurance Co's share price is ¥32.60.
New China Life Insurance Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 was ¥22.27. Hence, New China Life Insurance Co's PS Ratio for today is 1.46.
Warning Sign:
New China Life Insurance Co Ltd stock PS Ratio (=1.46) is close to 10-year high of 1.55
The historical rank and industry rank for New China Life Insurance Co's PS Ratio or its related term are showing as below:
SHSE:601336'
s PS Ratio Range Over the Past 10 Years
Min: 0.42 Med: 0.89 Max: 1.55
Current: 1.47
During the past 13 years, New China Life Insurance Co's highest PS Ratio was 1.55. The lowest was 0.42. And the median was 0.89.
SHSE:601336's PS Ratio is ranked worse than 67.08% of 486
companies
in the Insurance industry
Industry Median: 1.075
vs SHSE:601336: 1.47
New China Life Insurance Co Ltd revenue per share has been in decline for the last 5 years.
During the past 12 months, the average Revenue per Share Growth Rate of New China Life Insurance Co was -38.20% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -29.50% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -13.70% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -1.90% per year.
During the past 13 years, New China Life Insurance Co's highest 3-Year average Revenue per Share Growth Rate was 13.00% per year. The lowest was -29.50% per year. And the median was 0.40% per year.
Back to Basics: PS Ratio
New China Life Insurance Co PS Ratio 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 PS Ratio
For the Insurance - Life subindustry, New China Life Insurance Co's PS Ratio, along with its competitors' market caps and PS 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.
New China Life Insurance Co's PS Ratio Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, New China Life Insurance Co's PS Ratio distribution charts can be found below:
* The bar in red indicates where New China Life Insurance Co's PS Ratio falls into.
New China Life Insurance Co PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
New China Life Insurance Co's Share Price of today is ¥32.60. New China Life Insurance Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥22.27.
* 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:
New China Life Insurance Co (SHSE:601336) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
New China Life Insurance Co PS Ratio Related Terms
Thank you for viewing the detailed overview of New China Life Insurance Co's PS Ratio 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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