Sharjah Insurance Co PSC (ADX:SICO) PB Ratio : 1.30 (As of Jun. 13, 2024)

Sharjah Insurance Co PSC PB Ratio Chart

Sharjah Insurance Co PSC Annual Data
	Trend	Dec12	Dec13	Dec15	Dec16	Dec17	Dec18	Dec19	Dec21	Dec22	Dec23
PB Ratio		Get a 7-Day Free Trial					2.01	2.02	0.64	0.90	0.80

Sharjah Insurance Co PSC Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Dec15	Mar16	Jun16	Dec16	Mar17	Jun17	Dec17	Sep18	Dec18	Sep19	Dec19	Dec22	Dec23
PB Ratio	Get a 7-Day Free Trial															2.01	2.01	2.02	0.90	0.80

Competitive Comparison of Sharjah Insurance Co PSC's PB Ratio

For the Insurance - Diversified subindustry, Sharjah Insurance Co PSC's PB Ratio, along with its competitors' market caps and PB Ratio 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.

Sharjah Insurance Co PSC's PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Sharjah Insurance Co PSC's PB Ratio distribution charts can be found below:

* The bar in red indicates where Sharjah Insurance Co PSC's PB Ratio falls into.

Sharjah Insurance Co PSC PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Sharjah Insurance Co PSC's PB Ratio for today is calculated as follows:

* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Sharjah Insurance Co PSC  (ADX:SICO) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Sharjah Insurance Co PSC PB Ratio Related Terms

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Sharjah Insurance Co PSC (ADX:SICO) Business Description