What is The People's Insurance Co (Group) of China Net Current Asset Value?
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
HKSE:01339's Price-to-Net-Current-Asset-Value is not ranked *
in the Insurance industry.
Industry Median: 6.83 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
The People's Insurance Co (Group) of China Net Current Asset Value 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.
* Premium members only.
The People's Insurance Co (Group) of China Net Current Asset Value Chart
The People's Insurance Co (Group) of China Annual Data
Competitive Comparison of The People's Insurance Co (Group) of China's Net Current Asset Value
For the Insurance - Property & Casualty subindustry, The People's Insurance Co (Group) of China's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.
The People's Insurance Co (Group) of China's Price-to-Net-Current-Asset-Value Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, The People's Insurance Co (Group) of China's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where The People's Insurance Co (Group) of China's Price-to-Net-Current-Asset-Value falls into.
The People's Insurance Co (Group) of China Net Current Asset Value Calculation
* 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.
The People's Insurance Co (Group) of China (HKSE:01339) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
The People's Insurance Co (Group) of China Net Current Asset Value Related Terms
Thank you for viewing the detailed overview of The People's Insurance Co (Group) of China's Net Current Asset Value provided by GuruFocus.com. Please click on the following links to see related term pages.
The People's Insurance Co (Group) of China Business Description
With headquarters in Beijing, PICC Group is the largest state-owned insurance group, holding a 69% stake in PICC P&C, an 80% stake in PICC Life, and a 69% stake in PICC Health Insurance. Its P&C subsidiary is the largest nonlife insurer with about one third of market share in China. Life and health insurance subsidiaries hold about 2.9% and 1.3% share, respectively. The Ministry of Finance is the largest shareholder, with 61% share. China's Social Security Fund is the group's second-largest shareholder holding nearly 13% share.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01339 has been successfully added to your 