Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Price-to-Tangible-Book : 1.13 (As of May. 05, 2024)

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What is Abu Dhabi National Insurance Co PJSC Price-to-Tangible-Book?

As of today (2024-05-05), Abu Dhabi National Insurance Co PJSC's share price is د.إ5.80. Abu Dhabi National Insurance Co PJSC's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was د.إ5.12. Hence, Abu Dhabi National Insurance Co PJSC's Price to Tangible Book Ratio of today is 1.13.

The historical rank and industry rank for Abu Dhabi National Insurance Co PJSC's Price-to-Tangible-Book or its related term are showing as below:

ADX:ADNIC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.55 Med: 1.02 Max: 1.39
Current: 1.13

During the past 13 years, Abu Dhabi National Insurance Co PJSC's highest Price to Tangible Book Ratio was 1.39. The lowest was 0.55. And the median was 1.02.

ADX:ADNIC's Price-to-Tangible-Book is ranked better than
59.74% of 457 companies
in the Insurance industry
Industry Median: 1.34 vs ADX:ADNIC: 1.13

A closely related ratio is called PB Ratio. As of today, Abu Dhabi National Insurance Co PJSC's share price is د.إ5.80. Abu Dhabi National Insurance Co PJSC's Book Value per Sharefor the quarter that ended in Dec. 2023 was د.إ5.12. Hence, Abu Dhabi National Insurance Co PJSC's P/B Ratio of today is 1.13.

Abu Dhabi National Insurance Co PJSC Price-to-Tangible-Book Historical Data

The historical data trend for Abu Dhabi National Insurance Co PJSC's Price-to-Tangible-Book 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.

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Abu Dhabi National Insurance Co PJSC Price-to-Tangible-Book Chart

Abu Dhabi National Insurance Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.74

1.16

1.35

1.31

1.17

Abu Dhabi National Insurance Co PJSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.31	1.30	1.20	1.21	1.17

Competitive Comparison of Abu Dhabi National Insurance Co PJSC's Price-to-Tangible-Book

For the Insurance - Diversified subindustry, Abu Dhabi National Insurance Co PJSC's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Abu Dhabi National Insurance Co PJSC's Price-to-Tangible-Book Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Abu Dhabi National Insurance Co PJSC's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Abu Dhabi National Insurance Co PJSC's Price-to-Tangible-Book falls into.

Abu Dhabi National Insurance Co PJSC Price-to-Tangible-Book Calculation

Abu Dhabi National Insurance Co PJSC's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	5.80	/	5.121
	=	1.13

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Abu Dhabi National Insurance Co PJSC Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Abu Dhabi National Insurance Co PJSC's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Abu Dhabi National Insurance Co PJSC (ADX:ADNIC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khalifa Street, P.O. Box 839, ADNIC Building No. 403, Abu Dhabi, ARE

Website

https://www.adnic.ae

Abu Dhabi National Insurance Co PJSC is an insurance company providing insurance services to individuals and corporates. It provides life and non-life insurance and a range of customizable and scalable insurance products and services. The company operates its business in two segments: The Underwriting of commercial lines of business incorporates all classes of general insurance including marine cargo, marine hull, aviation, energy, property, and engineering; and The Underwriting of a consumer line of business incorporates all classes of insurance including accident, motor, life, and medical. The company generates the maximum of its premiums from the commercial segment.

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