Emirates Insurance Co PSC (ADX:EIC) Price-to-Tangible-Book

: 0.89 (As of Today)

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As of today (2024-04-18), Emirates Insurance Co PSC's share price is د.إ7.20. Emirates Insurance Co PSC's Tangible Book per Share of Sep. 2023 for the quarter that ended in Sep. 2023 was د.إ8.13. Hence, Emirates Insurance Co PSC's Price to Tangible Book Ratio of today is 0.89.

The historical rank and industry rank for Emirates Insurance Co PSC's Price-to-Tangible-Book or its related term are showing as below:

ADX:EIC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.74 Med: 0.92 Max: 1.12
Current: 0.89

During the past 13 years, Emirates Insurance Co PSC's highest Price to Tangible Book Ratio was 1.12. The lowest was 0.74. And the median was 0.92.

ADX:EIC's Price-to-Tangible-Book is ranked better than
71.52% of 460 companies
in the Insurance industry
Industry Median: 1.33 vs ADX:EIC: 0.89

A closely related ratio is called PB Ratio. As of today, Emirates Insurance Co PSC's share price is د.إ7.20. Emirates Insurance Co PSC's Book Value per Sharefor the quarter that ended in Sep. 2023 was د.إ8.13. Hence, Emirates Insurance Co PSC's P/B Ratio of today is 0.89.

Emirates Insurance Co PSC Price-to-Tangible-Book Historical Data

The historical data trend for Emirates Insurance Co PSC'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.

Emirates Insurance Co PSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Price-to-Tangible-Book

0.95

1.10

0.99

0.90

0.89

Emirates Insurance Co PSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Price-to-Tangible-Book																0.99	0.89	1.07	1.03	0.75

Competitive Comparison

For the Insurance - Diversified subindustry, Emirates Insurance Co PSC'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.

Emirates Insurance Co PSC Price-to-Tangible-Book Distribution

For the Insurance industry and Financial Services sector, Emirates Insurance Co PSC's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Emirates Insurance Co PSC's Price-to-Tangible-Book falls into.

Emirates Insurance Co PSC Price-to-Tangible-Book Calculation

Emirates Insurance Co PSC's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Sep. 2023 )
	=	7.20	/	8.127
	=	0.89

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.

Emirates Insurance Co PSC Price-to-Tangible-Book Related Terms

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

Emirates Insurance Co PSC (ADX:EIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Emirates Insurance Co PSC (ADX:EIC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Emirates Insurance Co Building, Al Zahiya (Tourist Club Area), P.O.Box 3856, Abu Dhabi, ARE

Website

https://www.eminsco.com

Emirates Insurance Co PSC is an insurance company operating through two segments namely Underwriting of General Insurance Business and Investments. The Underwriting of general insurance business - incorporating all classes of general insurance such as fire, marine, motor, general accident, and miscellaneous. The Investments segments include activities of investments in marketable equity securities and investment funds, bonds, term deposits with banks and investment properties, and other securities. The firm derives a majority of its revenue from the commission, dividend, and interest income.