NN Group NV (LTS:0QVV) Price-to-Tangible-Book : 0.60 (As of Apr. 24, 2024)

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What is NN Group NV Price-to-Tangible-Book?

As of today (2024-04-24), NN Group NV's share price is €43.585. NN Group NV's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €72.19. Hence, NN Group NV's Price to Tangible Book Ratio of today is 0.60.

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

LTS:0QVV' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.29 Med: 0.5 Max: 0.65
Current: 0.61

During the past 13 years, NN Group NV's highest Price to Tangible Book Ratio was 0.65. The lowest was 0.29. And the median was 0.50.

LTS:0QVV's Price-to-Tangible-Book is ranked better than
86.27% of 459 companies
in the Insurance industry
Industry Median: 1.34 vs LTS:0QVV: 0.61

A closely related ratio is called PB Ratio. As of today, NN Group NV's share price is €43.585. NN Group NV's Book Value per Sharefor the quarter that ended in Dec. 2023 was €76.83. Hence, NN Group NV's P/B Ratio of today is 0.57.

NN Group NV Price-to-Tangible-Book Historical Data

The historical data trend for NN Group NV'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.

NN Group NV Price-to-Tangible-Book Chart

NN Group NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.35

0.30

0.65

0.56

0.50

NN Group NV Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.65	0.64	0.56	0.49	0.50

Competitive Comparison of NN Group NV's Price-to-Tangible-Book

For the Insurance - Diversified subindustry, NN Group NV'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.

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

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

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

NN Group NV Price-to-Tangible-Book Calculation

NN Group NV's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	43.585	/	72.19
	=	0.60

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.

NN Group NV Price-to-Tangible-Book Related Terms

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

NN Group NV (LTS:0QVV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » NN Group NV (LTS:0QVV) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

NNGRY:USA NNGPF:USA NN:Netherlands NNa:UK 2NN:Germany NN:Austria

Address

Schenkkade 65, The Hague, ZH, NLD, 2595 AS

Website

https://www.nn-group.com

Nationale Nederlanden Group is a European insurance company that primarily sells long-term savings in the Netherlands. The business is made up of four divisions: Netherlands life; Netherlands nonlife; insurance Europe; and Japan life. The Netherlands life business is the biggest division of the company and tends to generate around three quarters of operating income. That business sells traditional spread-based long-term savings and the new style-defined contribution savings products. Since 2022, assets that are managed to support the traditional savings products and in-house part of defined contribution products are managed by Goldman Sachs. Since around 2013, NN has managed its individual life insurance business as being closed to new business.

NN Group NV (LTS:0QVV) Headlines

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