TNXXF (Talanx AG) PB Ratio : 1.84 (As of Dec. 12, 2024)

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What is Talanx AG 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), Talanx AG's share price is $84.762. Talanx AG's Book Value per Share for the quarter that ended in Jun. 2024 was $46.00. Hence, Talanx AG's PB Ratio of today is 1.84.

The historical rank and industry rank for Talanx AG's PB Ratio or its related term are showing as below:

TNXXF' s PB Ratio Range Over the Past 10 Years
Min: 0.63 Med: 0.95 Max: 2
Current: 2

During the past 13 years, Talanx AG's highest PB Ratio was 2.00. The lowest was 0.63. And the median was 0.95.

TNXXF's PB Ratio is ranked worse than
72.08% of 480 companies
in the Insurance industry
Industry Median: 1.29 vs TNXXF: 2.00

During the past 12 months, Talanx AG's average Book Value Per Share Growth Rate was 16.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -0.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 0.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Talanx AG was 13.90% per year. The lowest was -5.30% per year. And the median was 5.30% per year.

Back to Basics: PB Ratio

Talanx AG PB Ratio Historical Data

The historical data trend for Talanx AG'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.

Talanx AG PB Ratio Chart

Talanx AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.11

0.73

1.23

0.96

1.43

Talanx AG Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
PB Ratio	Get a 7-Day Free Trial															0.87	1.65	1.43	1.34	1.37

Competitive Comparison of Talanx AG's PB Ratio

For the Insurance - Diversified subindustry, Talanx AG'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.

Talanx AG's PB Ratio Distribution in the Insurance Industry

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

* The bar in red indicates where Talanx AG's PB Ratio falls into.

Talanx AG 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.

Talanx AG's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Jun. 2024)
	=	84.762	/	46.004
	=	1.84

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.

Talanx AG (OTCPK:TNXXF) 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.

Talanx AG PB Ratio Related Terms

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Talanx AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Talanx AG (OTCPK:TNXXF) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

0QA8:UK TLXd:UK TLX:Germany TLX:Austria

Address

HDI-Platz 1, Hannover, NI, DEU, 30659

Website

https://www.talanx.com

Talanx is the third-largest insurer in Germany. It sells insurance to businesses, individuals, and also reinsures other insurers. The origins of Talanx go back to the early 1900s and the founding of two mutuals in Germany, HDI and FSV, that were set up to provide liability insurance to the German iron and steel industry, and fire insurance to the German mining industry as a result of a growing dissatisfaction with providers of insurance. These two mutuals merged to form Halfplichtverband der Deutschen Industrie, or HDI, in 1970. Over the years companies outside of metals and mining have joined the mutual. HDI started providing reinsurance services in the mid-1920s, and individual insurance in the 1950s. HDI owns three quarters of the Talanx share capital.