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Central ReinsuranceTPE:2851 -1.05%77 PB Ratio is 1.39 as of Jul. 14, 2026, which is 45% above its 10-year median of 0.96. GuruFocus rates TPE:2851 with a GF Score™ of 77/100 and a GF Value™ of NT$28.70 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 500 Insurance companies, Central Reinsurance ranks worse than 50.6% on this metric.
Central Reinsurance Corp stock PB Ratio (=1.4) is close to 10-year high of 1.44.
The historical rank and industry rank for Central Reinsurance's PB Ratio or its related term are showing as below:
TPE:2851'
s PB Ratio Range Over the Past 10 Years
Min: 0.75 Med: 0.96 Max: 1.44
Current: 1.4
During the past 13 years, Central Reinsurance's highest PB Ratio was 1.44. The lowest was 0.75. And the median was 0.96.
TPE:2851's PB Ratio is ranked worse than 50.6% of 500
companies
in the Insurance industry
Industry Median: 1.395
vs TPE:2851: 1.40
During the past 12 months, Central Reinsurance's average Book Value Per Share Growth Rate was 3.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Central Reinsurance was 13.90% per year. The lowest was -1.30% per year. And the median was 5.70% per year.
Back to Basics: PB Ratio
Central Reinsurance (TPE:2851) 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.
Central Reinsurance PB Ratio Related Terms
Central Reinsurance PB Ratio Historical Data
* Premium members only.
The historical data trend for Central Reinsurance'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 - Reinsurance subindustry, Central Reinsurance'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.
Central Reinsurance PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Central Reinsurance's PB Ratio distribution charts can be found below:
* The bar in red indicates where Central Reinsurance'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.
Central Reinsurance (TPE:2851) has a PB Ratio of 1.39 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Central Reinsurance and its competitors. This is 45% above median its historical median of 0.96. Over the past decade, Central Reinsurance's PB Ratio has ranged from 0.75 to 1.44. According to the industry distribution chart, Central Reinsurance ranks #253 out of 500 companies in the Insurance industry, placing it in the top 50.6%.
Is Central Reinsurance's PB Ratio too high?
Central Reinsurance's current PB Ratio of 1.39 is 45% above median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 1.44. The Insurance industry median PB Ratio is 1.40. Central Reinsurance's value of 1.39 is 0.4% below this industry median. Based on the distribution chart, Central Reinsurance ranks #253 out of 500 companies in the Insurance industry, which is below the industry midpoint. Overall, Central Reinsurance has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Central Reinsurance's PB Ratio compare to RGA and EG?
According to the Insurance industry distribution chart, Central Reinsurance ranks #253 out of 500 companies for PB Ratio. This places Central Reinsurance in the lower half of its industry. The industry median PB Ratio is 1.40. Central Reinsurance's value of 1.39 is 0.4% below this benchmark. Historically, Central Reinsurance's own PB Ratio has ranged from 0.75 to 1.44 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 1.40, Central Reinsurance 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 1.40, based on 500 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. Central Reinsurance's current PB Ratio of 1.39 is 0.4% 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 Central Reinsurance and its competitors. For the Insurance industry, the median PB Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Central Reinsurance's current PB Ratio is 1.39, which is 45% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central Reinsurance stock overvalued right now?
Based on GuruFocus' analysis, Central Reinsurance (TPE:2851) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$28.70, compared to a current price of NT$37.65 — trading 31.2% above its estimated fair value. The current PB Ratio is 1.39, which is 45% above median its 10-year median of 0.96 and 0.4% below the Insurance industry median of 1.40. Central Reinsurance's overall GF Score™ is 77/100 with 5 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 Central Reinsurance (TPE:2851), the current PB Ratio is 1.39 as of Jul. 14, 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 Central Reinsurance (TPE:2851) Overvalued in 2026?
Based on GuruFocus' analysis, Central Reinsurance stock appears to be overvalued.
The current stock price of NT$37.65 is trading 31.2% above its estimated GF Value™ of NT$28.70.
GuruFocus considers Central Reinsurance to be Significantly Overvalued.
Key valuation signals for TPE:2851:
PB Ratio: 1.39 (45% above median its 10-year median of 0.96)
GF Value™: NT$28.70 vs. price of NT$37.65 (31.2% above fair value)
Industry Position: 0.4% below the Insurance median (#253 of 500)
No single metric tells the full story. See the TPE:2851 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Central Reinsurance Corp is an insurance company providing a range of property and life inward and outward reinsurance services. Central Reinsurance offers reinsurance protection on non-life insurance businesses, including fire, marine and aviation, casualty, motor, engineering, and residential earthquake insurance; and life insurance business including life, personal accident, and health insurance. The main source of revenue for the company is premiums and commission income.
77GF Score
Get the complete analysis for TPE:2851
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