PHS:NRCP's PB Ratio is ranked better than 98.2% of 499
companies
in the Insurance industry
Industry Median: 1.39
vs PHS:NRCP: 0.26
During the past 12 months, National Reinsurance of the Philippines's average Book Value Per Share Growth Rate was 10.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 4.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of National Reinsurance of the Philippines was 11.40% per year. The lowest was -6.10% per year. And the median was 1.50% per year.
Back to Basics: PB Ratio
National Reinsurance of the Philippines (PHS:NRCP) 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.
National Reinsurance of the Philippines PB Ratio Related Terms
National Reinsurance of the Philippines 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.
National Reinsurance of the Philippines PB Ratio Chart
National Reinsurance of the Philippines Annual Data
For the Insurance - Reinsurance subindustry, National Reinsurance of the Philippines'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.
National Reinsurance of the Philippines PB Ratio vs Insurance Industry
National Reinsurance of the Philippines 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.
* 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.
National Reinsurance of the Philippines (PHS:NRCP) has a PB Ratio of 0.26 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 National Reinsurance of the Philippines and its competitors. This is near median its historical median of 0.25. Over the past decade, National Reinsurance of the Philippines' PB Ratio has ranged from 0.12 to 0.66. According to the industry distribution chart, National Reinsurance of the Philippines ranks #9 out of 499 companies in the Insurance industry, placing it in the top 1.8%.
Is National Reinsurance of the Philippines' PB Ratio too high?
National Reinsurance of the Philippines' current PB Ratio of 0.26 is near median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.66. The Insurance industry median PB Ratio is 1.39. National Reinsurance of the Philippines' value of 0.26 is 81.3% below this industry median. Based on the distribution chart, National Reinsurance of the Philippines ranks #9 out of 499 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, National Reinsurance of the Philippines has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Reinsurance of the Philippines' PB Ratio compare to RGA and EG?
According to the Insurance industry distribution chart, National Reinsurance of the Philippines ranks #9 out of 499 companies for PB Ratio. This places National Reinsurance of the Philippines in the top 2% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.39. National Reinsurance of the Philippines' value of 0.26 is 81.3% below this benchmark. Historically, National Reinsurance of the Philippines' own PB Ratio has ranged from 0.12 to 0.66 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 1.39, National Reinsurance of the Philippines 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 1.39, 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. National Reinsurance of the Philippines's current PB Ratio of 0.26 is 81.3% 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 National Reinsurance of the Philippines 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. National Reinsurance of the Philippines's current PB Ratio is 0.26, which is near median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Reinsurance of the Philippines stock overvalued right now?
Based on GuruFocus' analysis, National Reinsurance of the Philippines (PHS:NRCP) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱0.60, compared to a current price of ₱0.96 — trading 60% above its estimated fair value. The current PB Ratio is 0.26, which is near median its 10-year median of 0.25 and 81.3% below the Insurance industry median of 1.39. National Reinsurance of the Philippines' overall GF Score™ is 50/100 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 National Reinsurance of the Philippines (PHS:NRCP), the current PB Ratio is 0.26 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 National Reinsurance of the Philippines (PHS:NRCP) Overvalued in 2026?
Based on GuruFocus' analysis, National Reinsurance of the Philippines stock appears to be overvalued.
The current stock price of ₱0.96 is trading 60% above its estimated GF Value™ of ₱0.60.
GuruFocus considers National Reinsurance of the Philippines to be Significantly Overvalued.
Key valuation signals for PHS:NRCP:
PB Ratio: 0.26 (near median its 10-year median of 0.25)
GF Value™: ₱0.60 vs. price of ₱0.96 (60% above fair value)
Industry Position: 81.3% below the Insurance median (#9 of 499)
No single metric tells the full story. See the PHS:NRCP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Reinsurance of the Philippines Business Description
National Reinsurance Corp of the Philippines engages in the provision of reinsurance products and services. It operates through the following businesses: life and non-life. The Life Business includes proportional insurance for individual, ordinary, and group businesses, as well as non-proportional insurance for catastrophe, an excess of loss, and stop loss. Non-Life Business provides insurance on fire, aviation, marine and aviation, casualty, motor, and others.
50GF Score
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