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China Life Insurance Co PB Ratio

: 0.56 (As of Today)
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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 (2022-08-14), China Life Insurance Co's share price is $7.40. China Life Insurance Co's Book Value per Share for the quarter that ended in Dec. 2021 was $13.29. Hence, China Life Insurance Co's PB Ratio of today is 0.56.

The historical rank and industry rank for China Life Insurance Co's PB Ratio or its related term are showing as below:

LFC' s PB Ratio Range Over the Past 10 Years
Min: 1.44   Med: 2.24   Max: 4.1
Current: 1.65

During the past 13 years, China Life Insurance Co's highest PB Ratio was 4.10. The lowest was 1.44. And the median was 2.24.

LFC's PB Ratio is ranked worse than
68.07% of 498 companies
in the Insurance industry
Industry Median: 1.15 vs LFC: 1.65

During the past 12 months, China Life Insurance Co's average Book Value Per Share Growth Rate was 6.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 14.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 10.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 9.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of China Life Insurance Co was 43.00% per year. The lowest was -0.40% per year. And the median was 11.60% per year.

Back to Basics: PB Ratio


China Life Insurance Co PB Ratio Historical Data

The historical data trend for China Life Insurance Co'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.

China Life Insurance Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
PB Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.81 1.28 1.36 0.91 0.62

China Life Insurance Co Semi-Annual Data
Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21
PB Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.36 0.97 0.91 0.77 0.62

Competitive Comparison

For the Insurance - Life subindustry, China Life Insurance Co'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.

   

China Life Insurance Co PB Ratio Distribution

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

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



China Life Insurance Co 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.

China Life Insurance Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2021)
=7.40/13.292
=0.56

* 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.


China Life Insurance Co  (NYSE:LFC) 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.


China Life Insurance Co PB Ratio Related Terms

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


China Life Insurance Co Business Description

China Life Insurance Co logo
Address
16 Financial Street, Xicheng District, Beijing, CHN, 100033
Headquartered in Beijing and commanding around 20% share, China Life Insurance is the largest life insurance company in China. The firm offers group and individual life insurance through exclusive agents, bancassurance, and other marketing platforms. While the bulk of profits stem from life insurance policies, additional operations include short-term policies such as accident and health insurance. The company is currently undergoing a business transformation toward the sale of long-term protection products and away from short-term and single-premium products.

China Life Insurance Co Headlines

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