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Gjensidige Forsikring ASA PB Ratio

: 3.81 (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 (2021-12-05), Gjensidige Forsikring ASA's share price is $22.01. Gjensidige Forsikring ASA's Book Value per Share for the quarter that ended in Sep. 2021 was $5.78. Hence, Gjensidige Forsikring ASA's PB Ratio of today is 3.81.

Warning Sign:

Gjensidige Forsikring ASA stock PB Ratio (=4.14) is close to 10-year high of 4.5

The historical rank and industry rank for Gjensidige Forsikring ASA's PB Ratio or its related term are showing as below:

OTCPK:GJNSY' s PB Ratio Range Over the Past 10 Years
Min: 1.25   Med: 2.95   Max: 4.5
Current: 4.14

1.25
4.5

During the past 13 years, Gjensidige Forsikring ASA's highest PB Ratio was 4.50. The lowest was 1.25. And the median was 2.95.

OTCPK:GJNSY's PB Ratio is ranked lower than
91% of the 498 Companies
in the Insurance industry.

( Industry Median: 1.17 vs. OTCPK:GJNSY: 4.14 )

During the past 12 months, Gjensidige Forsikring ASA's average Book Value Per Share Growth Rate was 5.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 2.20% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 2.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 0.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Gjensidige Forsikring ASA was 53.40% per year. The lowest was -11.10% per year. And the median was 2.60% per year.

Back to Basics: PB Ratio


Gjensidige Forsikring ASA PB Ratio Historical Data

The historical data trend for Gjensidige Forsikring ASA'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.

Gjensidige Forsikring ASA Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
PB Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.06 3.27 2.81 3.51 4.01

Gjensidige Forsikring ASA Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 4.03 4.01 4.52 4.09 4.08

Competitive Comparison

For the Insurance - Diversified subindustry, Gjensidige Forsikring ASA'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.

   

Gjensidige Forsikring ASA PB Ratio Distribution

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

* The bar in red indicates where Gjensidige Forsikring ASA's PB Ratio falls into.



Gjensidige Forsikring ASA 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.

Gjensidige Forsikring ASA's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Sep. 2021)
=22.01/5.779
=3.81

* 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.


Gjensidige Forsikring ASA  (OTCPK:GJNSY) 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.


Gjensidige Forsikring ASA PB Ratio Related Terms

Thank you for viewing the detailed overview of Gjensidige Forsikring ASA's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Gjensidige Forsikring ASA Business Description

Gjensidige Forsikring ASA logo
Industry
Address
Schweigaardsgate 21, Oslo, NOR, 0191
Gjensidige Forsikring is a diversified insurance company that operates in multiple business segments, including general insurance private; general insurance commercial; general insurance Denmark; general insurance Sweden; general insurance Baltics; and pension. The company provides general, accident, and health insurance products, among others. The vast majority of the company's revenue is generated from its private and commercial segments. The private segment offers a range of products in the Norwegian private market, while the commercial segment provides products to the commercial, agricultural, and municipality markets in Norway. The company considers mergers and acquisitions a component of its operational growth strategy.

Gjensidige Forsikring ASA Headlines

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