AIICO InsuranceNSA:AIIC +0.50%44 PB Ratio is 1.43 as of Jun. 24, 2026, which is 175% above its 10-year median of 0.52. GuruFocus rates NSA:AIIC with a GF Score™ of 44/100 and a GF Value™ of ₦4.95 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 499 Insurance companies, AIICO Insurance ranks worse than 56.91% 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 (2026-06-24), AIICO Insurance's share price is ₦4.05. AIICO Insurance's Book Value per Share for the quarter that ended in Mar. 2026 was ₦2.83. Hence, AIICO Insurance's PB Ratio of today is 1.43.
The historical rank and industry rank for AIICO Insurance's PB Ratio or its related term are showing as below:
NSA:AIIC'
s PB Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.52 Max: 2
Current: 1.43
During the past 11 years, AIICO Insurance's highest PB Ratio was 2.00. The lowest was 0.16. And the median was 0.52.
NSA:AIIC's PB Ratio is ranked worse than 56.91% of 499
companies
in the Insurance industry
Industry Median: 1.39
vs NSA:AIIC: 1.43
During the past 12 months, AIICO Insurance's average Book Value Per Share Growth Rate was 43.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 36.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 28.80% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of AIICO Insurance was 49.60% per year. The lowest was 1.40% per year. And the median was 27.00% 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.
AIICO Insurance PB Ratio Related Terms
AIICO Insurance PB Ratio Historical Data
* Premium members only.
The historical data trend for AIICO Insurance'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, AIICO Insurance'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.
AIICO Insurance PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, AIICO Insurance's PB Ratio distribution charts can be found below:
* The bar in red indicates where AIICO Insurance'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.
AIICO Insurance'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.
AIICO Insurance (NSA:AIIC) has a PB Ratio of 1.43 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on AIICO Insurance and its competitors. This is 175% above median its historical median of 0.52. Over the past decade, AIICO Insurance's PB Ratio has ranged from 0.16 to 2.00. According to the industry distribution chart, AIICO Insurance ranks #284 out of 499 companies in the Insurance industry, placing it in the top 56.9%.
Is AIICO Insurance's PB Ratio too high?
AIICO Insurance's current PB Ratio of 1.43 is 175% above median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 2.00. The Insurance industry median PB Ratio is 1.39. AIICO Insurance's value of 1.43 is 2.9% above this industry median. Based on the distribution chart, AIICO Insurance ranks #284 out of 499 companies in the Insurance industry, which is below the industry midpoint. Overall, AIICO Insurance has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AIICO Insurance's PB Ratio compare to BRK.A and AIG?
According to the Insurance industry distribution chart, AIICO Insurance ranks #284 out of 499 companies for PB Ratio. This places AIICO Insurance in the lower half of its industry. The industry median PB Ratio is 1.39. AIICO Insurance's value of 1.43 is 2.9% above this benchmark. Historically, AIICO Insurance's own PB Ratio has ranged from 0.16 to 2.00 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 1.39, AIICO Insurance 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 499 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. AIICO Insurance's current PB Ratio of 1.43 is 2.9% 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 AIICO Insurance 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. AIICO Insurance's current PB Ratio is 1.43, which is 175% above median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIICO Insurance stock overvalued right now?
Based on GuruFocus' analysis, AIICO Insurance (NSA:AIIC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₦4.95, compared to a current price of ₦4.05 — trading 18.2% below its estimated fair value. The current PB Ratio is 1.43, which is 175% above median its 10-year median of 0.52 and 2.9% above the Insurance industry median of 1.39. AIICO Insurance's overall GF Score™ is 44/100 with 2 warning signs to review. 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 AIICO Insurance (NSA:AIIC), the current PB Ratio is 1.43 as of Jun. 24, 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.
Is AIICO Insurance (NSA:AIIC) Overvalued in 2026?
Based on GuruFocus' analysis, AIICO Insurance stock appears to be undervalued.
The current stock price of ₦4.05 is trading 18.2% below its estimated GF Value™ of ₦4.95.
GuruFocus considers AIICO Insurance to be Modestly Undervalued.
Key valuation signals for NSA:AIIC:
PB Ratio: 1.43 (175% above median its 10-year median of 0.52)
GF Value™: ₦4.95 vs. price of ₦4.05 (18.2% below fair value)
Industry Position: 2.9% above the Insurance median (#284 of 499)
No single metric tells the full story. See the NSA:AIIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AIICO Insurance PLC provides life and health insurance, general insurance, investment management, and pension management services as a means to create and protect wealth for individuals, families, and corporate customers in Nigeria. The company's key business areas include Life Insurance Business, Non-Life Insurance Business, Health, and Wealth Management, Deposit Administration, and Financial Services to organizations and private individuals. The group has four reportable segments: Life business, which generates maximum revenue, General business, Health management services, and Asset management. The life insurance segment offers savings, protection products and other long-term contracts. It comprises of whole life, term assurance, guaranteed pensions, pure endowment pensions and Others.
44GF Score
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