As of today (2024-04-27), Vericity's share price is $11.35. Vericity's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $7.30. Hence, Vericity's Price to Tangible Book Ratio of today is 1.56.
The historical rank and industry rank for Vericity's Price-to-Tangible-Book or its related term are showing as below:
VERY'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.6 Med: 0.89 Max: 1.56
Current: 1.55
During the past 7 years, Vericity's highest Price to Tangible Book Ratio was 1.56. The lowest was 0.60. And the median was 0.89.
VERY's Price-to-Tangible-Book is ranked worse than 57.08% of 459
companies
in the Insurance industry
Industry Median: 1.34
vs VERY: 1.55
A closely related ratio is called PB Ratio. As of today, Vericity's share price is $11.35. Vericity's Book Value per Sharefor the quarter that ended in Dec. 2023 was $7.41. Hence, Vericity's P/B Ratio of today is 1.53.
Vericity Price-to-Tangible-Book Historical Data
The historical data trend for Vericity'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.
Competitive Comparison of Vericity's Price-to-Tangible-Book
For the Insurance - Life subindustry, Vericity'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.
Vericity's Price-to-Tangible-Book Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Vericity's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Vericity's Price-to-Tangible-Book falls into.
Vericity Price-to-Tangible-Book Calculation
Vericity's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
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.
Vericity Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Vericity's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Vericity Inc, along with its subsidiaries, offers life insurance products to the middle American market. It operates through three segments namely Agency, Insurance, and Corporate. The Agency segment includes the insurance distribution operations of the company and includes commission revenue from the sale of Fidelity Life products. The Insurance segment, which is the key revenue generating segment, is composed of three broad lines consisting of Direct Life, Closed Block, and Assumed Life and Annuities.
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