Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
New China Life Insurance CoNWWCF -0.26%68 Equity-to-Asset is 0.07 as of Mar. 2026, which is 22% below its 10-year median of 0.09. GuruFocus rates NWWCF with a GF Score™ of 68/100 and a GF Value™ of $4.23 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 507 Insurance companies, New China Life Insurance Co ranks worse than 84.62% on this metric.
New China Life Insurance Co (OTCPK:NWWCF) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
New China Life Insurance Co Equity-to-Asset Related Terms
New China Life Insurance Co Equity-to-Asset 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.
NWWCF vs AFL, MET, PRU: Equity-to-Asset Comparison
For the Insurance - Life subindustry, New China Life Insurance Co's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, New China Life Insurance Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where New China Life Insurance Co's Equity-to-Asset falls into.
New China Life Insurance Co Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
New China Life Insurance Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 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.
New China Life Insurance Co (NWWCF) has a Equity-to-Asset of 0.07 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on New China Life Insurance Co and its competitors. This is 22% below median its historical median of 0.09. Over the past decade, New China Life Insurance Co's Equity-to-Asset has ranged from 0.05 to 0.10. According to the industry distribution chart, New China Life Insurance Co ranks #429 out of 507 companies in the Insurance industry, placing it in the top 84.6%.
Is New China Life Insurance Co's Equity-to-Asset too high?
New China Life Insurance Co's current Equity-to-Asset of 0.07 is 22% below median its 10-year median of 0.09. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.10. The Insurance industry median Equity-to-Asset is 0.26. New China Life Insurance Co's value of 0.07 is 73.1% below this industry median. Based on the distribution chart, New China Life Insurance Co ranks #429 out of 507 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, New China Life Insurance Co has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does New China Life Insurance Co's Equity-to-Asset compare to AFL and MET?
According to the Insurance industry distribution chart, New China Life Insurance Co ranks #429 out of 507 companies for Equity-to-Asset. This places New China Life Insurance Co in the lower half of its industry. The industry median Equity-to-Asset is 0.26. New China Life Insurance Co's value of 0.07 is 73.1% below this benchmark. Historically, New China Life Insurance Co's own Equity-to-Asset has ranged from 0.05 to 0.10 over the past decade. While the company's 10-year median is 0.09 vs. the industry median of 0.26, New China Life Insurance Co has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for an Insurance company?
The median Equity-to-Asset among Insurance companies is 0.26, based on 507 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. New China Life Insurance Co's current Equity-to-Asset of 0.07 is 73.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on New China Life Insurance Co and its competitors. For the Insurance industry, the median Equity-to-Asset is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New China Life Insurance Co's current Equity-to-Asset is 0.07, which is 22% below median its own 10-year median of 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New China Life Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, New China Life Insurance Co (NWWCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.23, compared to a current price of $6.21 — trading 46.9% above its estimated fair value. The current Equity-to-Asset is 0.07, which is 22% below median its 10-year median of 0.09 and 73.1% below the Insurance industry median of 0.26. New China Life Insurance Co's overall GF Score™ is 68/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For New China Life Insurance Co (NWWCF), the current Equity-to-Asset is 0.07 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is New China Life Insurance Co (NWWCF) Overvalued in 2026?
Based on GuruFocus' analysis, New China Life Insurance Co stock appears to be overvalued.
The current stock price of $6.21 is trading 46.9% above its estimated GF Value™ of $4.23.
GuruFocus considers New China Life Insurance Co to be Significantly Overvalued.
Key valuation signals for NWWCF:
Equity-to-Asset: 0.07 (22% below median its 10-year median of 0.09)
GF Value™: $4.23 vs. price of $6.21 (46.9% above fair value)
Industry Position: 73.1% below the Insurance median (#429 of 507)
No single metric tells the full story. See the NWWCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New China Life Insurance Co Ltd is headquartered in Beijing and was established in 1996 by a combination of state-owned enterprises and private firms. It is currently the fourth-largest life insurer in China based on total assets. New China Life offers a wide range of life insurance products and services to both individual and institutional customers through its extensive distribution networks and diverse marketing channels. Additionally, it manages and invests insurance funds through its subsidiaries, including its Asset Management Company and Asset Management Company (Hong Kong).
68GF Score
Get the complete analysis for NWWCF
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NWWCF has been successfully added to your 
