New China Life Insurance CoNWWCF -7.35%66 PB Ratio is 1.09 as of Jun. 28, 2026, which is 39% below its 10-year median of 1.78. GuruFocus rates NWWCF with a GF Score™ of 66/100 and a GF Value™ of $5.03 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 502 Insurance companies, New China Life Insurance Co ranks worse than 54.58% on this metric.
New China Life Insurance Co Ltd stock PB Ratio (=1.5) is close to 1-year low of 1.42.
The historical rank and industry rank for New China Life Insurance Co's PB Ratio or its related term are showing as below:
NWWCF'
s PB Ratio Range Over the Past 10 Years
Min: 0.74 Med: 1.78 Max: 3.52
Current: 1.5
During the past 13 years, New China Life Insurance Co's highest PB Ratio was 3.52. The lowest was 0.74. And the median was 1.78.
NWWCF's PB Ratio is ranked worse than 54.58% of 502
companies
in the Insurance industry
Industry Median: 1.38
vs NWWCF: 1.50
During the past 12 months, New China Life Insurance Co's average Book Value Per Share Growth Rate was 54.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 4.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of New China Life Insurance Co was 105.90% per year. The lowest was -3.90% per year. And the median was 14.60% per year.
Back to Basics: PB Ratio
New China Life Insurance Co (OTCPK:NWWCF) PB Ratio Explanation
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.
New China Life Insurance Co PB Ratio Related Terms
New China Life Insurance Co PB Ratio Historical Data
* 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 - Life subindustry, New 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.
New China Life Insurance Co PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, New China Life Insurance Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where New China Life Insurance Co'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.
* 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.
New China Life Insurance Co (NWWCF) has a PB Ratio of 1.09 as of Jun. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on New China Life Insurance Co and its competitors. This is 39% below median its historical median of 1.78. Over the past decade, New China Life Insurance Co's PB Ratio has ranged from 0.74 to 3.52. According to the industry distribution chart, New China Life Insurance Co ranks #274 out of 502 companies in the Insurance industry, placing it in the top 54.6%.
Is New China Life Insurance Co's PB Ratio too high?
New China Life Insurance Co's current PB Ratio of 1.09 is 39% below median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 3.52. The Insurance industry median PB Ratio is 1.38. New China Life Insurance Co's value of 1.09 is 21% below this industry median. Based on the distribution chart, New China Life Insurance Co ranks #274 out of 502 companies in the Insurance industry, which is below the industry midpoint. Overall, New China Life Insurance Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does New China Life Insurance Co's PB Ratio compare to AFL and MET?
According to the Insurance industry distribution chart, New China Life Insurance Co ranks #274 out of 502 companies for PB Ratio. This places New China Life Insurance Co in the lower half of its industry. The industry median PB Ratio is 1.38. New China Life Insurance Co's value of 1.09 is 21% below this benchmark. Historically, New China Life Insurance Co's own PB Ratio has ranged from 0.74 to 3.52 over the past decade. While the company's 10-year median is 1.78 vs. the industry median of 1.38, New China Life Insurance Co has consistently been below 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 1.38, based on 502 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. New China Life Insurance Co's current PB Ratio of 1.09 is 21% below 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 New China Life Insurance Co and its competitors. For the Insurance industry, the median PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New China Life Insurance Co's current PB Ratio is 1.09, which is 39% below median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New China Life Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, New China Life Insurance Co (NWWCF) is currently considered Modestly Overvalued. The stock's GF Value™ is $5.03, compared to a current price of $6.26 — trading 24.5% above its estimated fair value. The current PB Ratio is 1.09, which is 39% below median its 10-year median of 1.78 and 21% below the Insurance industry median of 1.38. New China Life Insurance Co's overall GF Score™ is 66/100 with 3 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 New China Life Insurance Co (NWWCF), the current PB Ratio is 1.09 as of Jun. 28, 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 New China Life Insurance Co (NWWCF) Overvalued in 2026?
Based on GuruFocus' analysis, New China Life Insurance Co stock appears to be overvalued.
The current stock price of $6.26 is trading 24.5% above its estimated GF Value™ of $5.03.
GuruFocus considers New China Life Insurance Co to be Modestly Overvalued.
Key valuation signals for NWWCF:
PB Ratio: 1.09 (39% below median its 10-year median of 1.78)
GF Value™: $5.03 vs. price of $6.26 (24.5% above fair value)
Industry Position: 21% below the Insurance median (#274 of 502)
No single metric tells the full story. See the NWWCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New China Life Insurance Co Ltd is headquartered in Beijing and was established in 1996 by a combination of state-owned enterprises and private firms. It is currently the fourth-largest life insurer in China based on total assets. New China Life offers a wide range of life insurance products and services to both individual and institutional customers through its extensive distribution networks and diverse marketing channels. Additionally, it manages and invests insurance funds through its subsidiaries, including its Asset Management Company and Asset Management Company (Hong Kong).
66GF Score
Get the complete analysis for NWWCF
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