EMC Insurance Group (EMC Insurance Group) Price-to-Tangible-Book : 1.24 (As of Apr. 24, 2024)

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What is EMC Insurance Group Price-to-Tangible-Book?

As of today (2024-04-24), EMC Insurance Group's share price is $36.01. EMC Insurance Group's Tangible Book per Share of Jun. 2019 for the quarter that ended in Jun. 2019 was $29.05. Hence, EMC Insurance Group's Price to Tangible Book Ratio of today is 1.24.

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

EMCI's Price-to-Tangible-Book is not ranked ^*
in the Insurance industry.
Industry Median: 1.34
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, EMC Insurance Group's share price is $36.01. EMC Insurance Group's Book Value per Sharefor the quarter that ended in Jun. 2019 was $29.10. Hence, EMC Insurance Group's P/B Ratio of today is 1.24.

EMC Insurance Group Price-to-Tangible-Book Historical Data

The historical data trend for EMC Insurance Group'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.

EMC Insurance Group Price-to-Tangible-Book Chart

EMC Insurance Group Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Price-to-Tangible-Book

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0.96

1.00

1.15

1.02

1.22

EMC Insurance Group Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.05	0.93	1.22	1.12	1.24

Competitive Comparison of EMC Insurance Group's Price-to-Tangible-Book

For the Insurance - Property & Casualty subindustry, EMC Insurance Group'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.

EMC Insurance Group's Price-to-Tangible-Book Distribution in the Insurance Industry

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

* The bar in red indicates where EMC Insurance Group's Price-to-Tangible-Book falls into.

EMC Insurance Group Price-to-Tangible-Book Calculation

EMC Insurance Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Jun. 2019 )
	=	36.01	/	29.052
	=	1.24

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.

EMC Insurance Group Price-to-Tangible-Book Related Terms

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

EMC Insurance Group (EMC Insurance Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » EMC Insurance Group Inc (NAS:EMCI) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

717 Mulberry Street, Des Moines, IA, USA, 50309

Website

http://www.emcins.com

EMC Insurance Group Inc is a United States based insurance provider that focusses on non-life insurance products. It derives significant revenues from its property and casualty insurance products, which it sells through its subsidiaries company. Its secondary source of revenue is its reinsurance segment. The group manages its reinsurance business through its subsidiary, EMC Reinsurance company, which sells commercial lines of property and casualty insurance products to small and medium-sized businesses.

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