Thai Reinsurance PCL (BKK:THRE) Price-to-Tangible-Book

: 0.98 (As of Today)

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As of today (2024-04-23), Thai Reinsurance PCL's share price is ฿0.78. Thai Reinsurance PCL's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was ฿0.80. Hence, Thai Reinsurance PCL's Price to Tangible Book Ratio of today is 0.98.

The historical rank and industry rank for Thai Reinsurance PCL's Price-to-Tangible-Book or its related term are showing as below:

BKK:THRE' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.8 Med: 1.53 Max: 4.36
Current: 0.98

During the past 13 years, Thai Reinsurance PCL's highest Price to Tangible Book Ratio was 4.36. The lowest was 0.80. And the median was 1.53.

BKK:THRE's Price-to-Tangible-Book is ranked better than
67.1% of 459 companies
in the Insurance industry
Industry Median: 1.32 vs BKK:THRE: 0.98

A closely related ratio is called PB Ratio. As of today, Thai Reinsurance PCL's share price is ฿0.78. Thai Reinsurance PCL's Book Value per Sharefor the quarter that ended in Dec. 2023 was ฿0.84. Hence, Thai Reinsurance PCL's P/B Ratio of today is 0.93.

Thai Reinsurance PCL Price-to-Tangible-Book Historical Data

The historical data trend for Thai Reinsurance PCL'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.

Thai Reinsurance PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.80

1.51

1.54

1.40

0.99

Thai Reinsurance PCL 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															1.40	1.33	1.20	1.14	0.99

Competitive Comparison

For the Insurance - Reinsurance subindustry, Thai Reinsurance PCL'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.

Thai Reinsurance PCL Price-to-Tangible-Book Distribution

For the Insurance industry and Financial Services sector, Thai Reinsurance PCL's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Thai Reinsurance PCL's Price-to-Tangible-Book falls into.

Thai Reinsurance PCL Price-to-Tangible-Book Calculation

Thai Reinsurance PCL's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	0.78	/	0.798
	=	0.98

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.

Thai Reinsurance PCL Price-to-Tangible-Book Related Terms

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

Thai Reinsurance PCL (BKK:THRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Thai Reinsurance PCL (BKK:THRE) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rajchadapisek Road, 48/22-24 Soi Rajchadapisek 20, Samsennok Sub-district, Huaykwang District, Bangkok, THA, 10310

Website

https://www.thaire.co.th

Thai Reinsurance PCL is engaged in the provision of reinsurance and related services in all major property and casualty business lines, with particular expertise in property, casualty, engineering, marine and life customers. The reinsurance business is divided based on types of products and services and has two reportable segments; Conventional Products and Non-Conventional Products. It also provides reinsurance related services which include insurance outsourcing services, training and consulting services focused on the insurance industry and E-Motor claim solutions. The group operates in Thailand offering services to the local life and non-life insurers.

Thai Reinsurance PCL (BKK:THRE) Headlines

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