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Ray Sigorta ASIST:RAYSG -2.35%36 PB Ratio is 2.83 as of Jul. 30, 2026, which is 24% below its 10-year median of 3.72. GuruFocus rates IST:RAYSG with a GF Score™ of 36/100. Among 497 Insurance companies, Ray Sigorta AS ranks worse than 81.29% on this metric.
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 (2026-07-30), Ray Sigorta AS's share price is ₺162.30. Ray Sigorta AS's Book Value per Share for the quarter that ended in Mar. 2026 was ₺57.44. Hence, Ray Sigorta AS's PB Ratio of today is 2.83.
Good Sign:
Ray Sigorta AS stock PB Ratio (=2.99) is close to 3-year low of 2.97.
The historical rank and industry rank for Ray Sigorta AS's PB Ratio or its related term are showing as below:
IST:RAYSG'
s PB Ratio Range Over the Past 10 Years
Min: 0.58 Med: 3.72 Max: 34.47
Current: 2.82
During the past 13 years, Ray Sigorta AS's highest PB Ratio was 34.47. The lowest was 0.58. And the median was 3.72.
IST:RAYSG's PB Ratio is ranked worse than 81.29% of 497
companies
in the Insurance industry
Industry Median: 1.39
vs IST:RAYSG: 2.82
During the past 12 months, Ray Sigorta AS's average Book Value Per Share Growth Rate was 80.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 110.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 96.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 52.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ray Sigorta AS was 114.20% per year. The lowest was -11.90% per year. And the median was 22.20% per year.
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.
Ray Sigorta AS PB Ratio Related Terms
Ray Sigorta AS PB Ratio Historical Data
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The historical data trend for Ray Sigorta AS'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.
For the Insurance - Diversified subindustry, Ray Sigorta AS'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.
Ray Sigorta AS PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Ray Sigorta AS's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ray Sigorta AS's PB Ratio falls into.
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.
Ray Sigorta AS'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.
Ray Sigorta AS (IST:RAYSG) has a PB Ratio of 2.83 as of Jul. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ray Sigorta AS and its competitors. This is 24% below median its historical median of 3.72. Over the past decade, Ray Sigorta AS's PB Ratio has ranged from 0.58 to 34.47. According to the industry distribution chart, Ray Sigorta AS ranks #404 out of 497 companies in the Insurance industry, placing it in the top 81.3%.
Is Ray Sigorta AS's PB Ratio too high?
Ray Sigorta AS's current PB Ratio of 2.83 is 24% below median its 10-year median of 3.72. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 34.47. The Insurance industry median PB Ratio is 1.39. Ray Sigorta AS's value of 2.83 is 103.6% above this industry median. Based on the distribution chart, Ray Sigorta AS ranks #404 out of 497 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Ray Sigorta AS has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Ray Sigorta AS's PB Ratio compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Ray Sigorta AS ranks #404 out of 497 companies for PB Ratio. This places Ray Sigorta AS in the lower half of its industry. The industry median PB Ratio is 1.39. Ray Sigorta AS's value of 2.83 is 103.6% above this benchmark. Historically, Ray Sigorta AS's own PB Ratio has ranged from 0.58 to 34.47 over the past decade. While the company's 10-year median is 3.72 vs. the industry median of 1.39, Ray Sigorta AS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Insurance company?
The median PB Ratio among Insurance companies is 1.39, based on 497 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ray Sigorta AS's current PB Ratio of 2.83 is 103.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ray Sigorta AS and its competitors. For the Insurance industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ray Sigorta AS's current PB Ratio is 2.83, which is 24% below median its own 10-year median of 3.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ray Sigorta AS stock overvalued right now?
Ray Sigorta AS (IST:RAYSG) has a current PB Ratio of 2.83. The current PB Ratio is 2.83, which is 24% below median its 10-year median of 3.72 and 103.6% above the Insurance industry median of 1.39. Ray Sigorta AS's overall GF Score™ is 36/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Ray Sigorta AS (IST:RAYSG), the current PB Ratio is 2.83 as of Jul. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Ray Sigorta AS is a Turkey-based insurance company. It offers motor, household and health insurances. The motor insurance covers accidents such as the collision of the car with other motor or no-motor vehicles used on the road or railroad. Its household insurance secures house and goods against many risks such as fire, robbery, earthquake, and floods. The health insurance product consists of emergency health insurance, complementary health insurance, health insurance for foreigners and travel health insurance. Additionally, it also provides contracted health institutions and contracted auto services.
36GF Score
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