Arabian Scandinavian Insurance Co (DFM:ASCANA) Price-to-Tangible-Book : 1.45 (As of May. 06, 2024)

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What is Arabian Scandinavian Insurance Co Price-to-Tangible-Book?

As of today (2024-05-06), Arabian Scandinavian Insurance Co's share price is د.إ1.65. Arabian Scandinavian Insurance Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was د.إ1.14. Hence, Arabian Scandinavian Insurance Co's Price to Tangible Book Ratio of today is 1.45.

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

DFM:ASCANA' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.89 Med: 1.1 Max: 1.45
Current: 1.45

During the past 11 years, Arabian Scandinavian Insurance Co's highest Price to Tangible Book Ratio was 1.45. The lowest was 0.89. And the median was 1.10.

DFM:ASCANA's Price-to-Tangible-Book is ranked worse than
53.83% of 457 companies
in the Insurance industry
Industry Median: 1.34 vs DFM:ASCANA: 1.45

A closely related ratio is called PB Ratio. As of today, Arabian Scandinavian Insurance Co's share price is د.إ1.65. Arabian Scandinavian Insurance Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was د.إ1.14. Hence, Arabian Scandinavian Insurance Co's P/B Ratio of today is 1.45.

Arabian Scandinavian Insurance Co Price-to-Tangible-Book Historical Data

The historical data trend for Arabian Scandinavian Insurance Co'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.

Arabian Scandinavian Insurance Co Price-to-Tangible-Book Chart

Arabian Scandinavian Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.07

0.92

0.89

1.13

1.40

Arabian Scandinavian Insurance Co 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															1.13	1.16	1.32	1.36	1.40

Competitive Comparison of Arabian Scandinavian Insurance Co's Price-to-Tangible-Book

For the Insurance - Diversified subindustry, Arabian Scandinavian Insurance Co'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.

Arabian Scandinavian Insurance Co's Price-to-Tangible-Book Distribution in the Insurance Industry

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

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

Arabian Scandinavian Insurance Co Price-to-Tangible-Book Calculation

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

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	1.65	/	1.136
	=	1.45

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.

Arabian Scandinavian Insurance Co Price-to-Tangible-Book Related Terms

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

Arabian Scandinavian Insurance Co (DFM:ASCANA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Arabian Scandinavian Insurance Co PLC (DFM:ASCANA) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Kazim Building, Al Garhoud, 3rd Floor, P.O. Box 1993, Dubai, ARE

Website

https://www.ascanatakaful.ae

Arabian Scandinavian Insurance Co PLC is a provider of general insurance and reinsurance services. Its general insurance covers motor, medical, life, personal accident, property, travel protection, money, professional indemnity, and engineering. The company is organized into two business segments: general takaful management and investment. The majority of the revenue is derived from the provision of general takaful management services. The Company only operates in U.AE., through its Dubai and Abu Dhabi office.

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