DLICY (Dai-ichi Life Holdings) PB Ratio : 1.06 (As of Dec. 12, 2024)

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What is Dai-ichi Life Holdings PB Ratio?

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. As of today (2024-12-12), Dai-ichi Life Holdings's share price is $28.81. Dai-ichi Life Holdings's Book Value per Share for the quarter that ended in Sep. 2024 was $27.24. Hence, Dai-ichi Life Holdings's PB Ratio of today is 1.06.

The historical rank and industry rank for Dai-ichi Life Holdings's PB Ratio or its related term are showing as below:

DLICY' s PB Ratio Range Over the Past 10 Years
Min: 0.27 Med: 0.63 Max: 1.26
Current: 1.1

During the past 13 years, Dai-ichi Life Holdings's highest PB Ratio was 1.26. The lowest was 0.27. And the median was 0.63.

DLICY's PB Ratio is ranked better than
60.42% of 480 companies
in the Insurance industry
Industry Median: 1.29 vs DLICY: 1.10

During the past 12 months, Dai-ichi Life Holdings's average Book Value Per Share Growth Rate was 27.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -1.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 1.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 5.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Dai-ichi Life Holdings was 44.70% per year. The lowest was -39.00% per year. And the median was 9.40% per year.

Back to Basics: PB Ratio

Dai-ichi Life Holdings PB Ratio Historical Data

The historical data trend for Dai-ichi Life Holdings's PB Ratio 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.

Dai-ichi Life Holdings PB Ratio Chart

Dai-ichi Life Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

PB Ratio

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0.39

0.33

0.59

0.90

0.93

Dai-ichi Life Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
PB Ratio	Get a 7-Day Free Trial															1.00	0.99	0.93	-	0.95

Competitive Comparison of Dai-ichi Life Holdings's PB Ratio

For the Insurance - Life subindustry, Dai-ichi Life Holdings'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.

Dai-ichi Life Holdings's PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Dai-ichi Life Holdings's PB Ratio distribution charts can be found below:

* The bar in red indicates where Dai-ichi Life Holdings's PB Ratio falls into.

Dai-ichi Life Holdings 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.

Dai-ichi Life Holdings's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2024)
	=	28.81	/	27.242
	=	1.06

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

Dai-ichi Life Holdings (OTCPK:DLICY) 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.

Dai-ichi Life Holdings PB Ratio Related Terms

Thank you for viewing the detailed overview of Dai-ichi Life Holdings's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Dai-ichi Life Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Dai-ichi Life Holdings Inc (OTCPK:DLICY) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

DCNSF:USA 8750:Japan QHH:Germany

Address

13-1, Yurakucho 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8411

Website

https://www.dai-ichi-life-hd.com

Dai-Ichi Life is Japan's second-largest life insurance company excluding recently privatized Japan Post Insurance, with a market share of around 11% of annualized net premiums. Unlike its largest domestic competitors Nippon Life, Meiji Yasuda, and Sumitomo Life, which remain mutually owned by their policyholders, Dai-Ichi Life demutualized and listed on the Tokyo Stock Exchange in 2010. Its main domestic operating company accounts for around 60% of profits, its Frontier bancassurance subsidiary selling mainly savings products accounts for around 10%, Alabama-based Protective Life accounts for around 15%, TAL in Australia accounts for 7%, and Dai-Ichi Life Vietnam around 5%. Dai-Ichi also holds a 30% economic interest in Mizuho's Asset Management One.