Hannover Rueck SE (Hannover Rueck SE) Price-to-Tangible-Book : 2.84 (As of Apr. 25, 2024)

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What is Hannover Rueck SE Price-to-Tangible-Book?

As of today (2024-04-25), Hannover Rueck SE's share price is $254.52. Hannover Rueck SE's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $89.65. Hence, Hannover Rueck SE's Price to Tangible Book Ratio of today is 2.84.

The historical rank and industry rank for Hannover Rueck SE's Price-to-Tangible-Book or its related term are showing as below:

HVRRF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.23 Med: 1.65 Max: 2.8
Current: 2.71

During the past 13 years, Hannover Rueck SE's highest Price to Tangible Book Ratio was 2.80. The lowest was 1.23. And the median was 1.65.

HVRRF's Price-to-Tangible-Book is ranked worse than
79.3% of 459 companies
in the Insurance industry
Industry Median: 1.33 vs HVRRF: 2.71

A closely related ratio is called PB Ratio. As of today, Hannover Rueck SE's share price is $254.52. Hannover Rueck SE's Book Value per Sharefor the quarter that ended in Dec. 2023 was $91.57. Hence, Hannover Rueck SE's P/B Ratio of today is 2.78.

Hannover Rueck SE Price-to-Tangible-Book Historical Data

The historical data trend for Hannover Rueck SE'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.

Hannover Rueck SE Price-to-Tangible-Book Chart

Hannover Rueck SE Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.04

1.45

1.89

2.68

Hannover Rueck SE 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															1.89	2.34	2.60	2.62	2.68

Competitive Comparison of Hannover Rueck SE's Price-to-Tangible-Book

For the Insurance - Reinsurance subindustry, Hannover Rueck SE'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.

Hannover Rueck SE's Price-to-Tangible-Book Distribution in the Insurance Industry

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

* The bar in red indicates where Hannover Rueck SE's Price-to-Tangible-Book falls into.

Hannover Rueck SE Price-to-Tangible-Book Calculation

Hannover Rueck SE's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	254.52	/	89.649
	=	2.84

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.

Hannover Rueck SE Price-to-Tangible-Book Related Terms

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

Hannover Rueck SE (Hannover Rueck SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hannover Rueck SE (OTCPK:HVRRF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

HVRRY:USA HNR1d:UK 0M9A:UK HNR1:Germany HNR1:Austria

Address

Karl-Wiechert-Allee 50, Hannover, NI, DEU, 30625

Website

https://www.hannover-re.com

Hannover Re is a reinsurance company headquartered in Hannover, Germany. Its roots go back to the 1920s when, in conjunction with the Gerling Group, Haftplichtverband founded Eisen- und Stahl to provide reinsurance services. In the 1960s ownership of the business was turned over to Haftplichtverband and Aktiengesellschaft fur Transport und- Ruckversichering was founded. This was the basis of Hannover Re. The business expanded into life and health reinsurance in the 1990s, and over the next 30 years expanded beyond its core domestic market of Germany to write business internationally. Hannover sold its commercial specialty insurance business to Talanx on Jan. 1, 2019. Hannover was listed in the '90s on the Frankfurt Stock Exchange.