Sharjah Insurance Co PSC (ADX:SICO) Price-to-Tangible-Book : 1.32 (As of Jun. 23, 2024)

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What is Sharjah Insurance Co PSC Price-to-Tangible-Book?

As of today (2024-06-23), Sharjah Insurance Co PSC's share price is د.إ2.20. Sharjah Insurance Co PSC's Tangible Book per Share of Dec. 2022 for the quarter that ended in Dec. 2022 was د.إ1.66. Hence, Sharjah Insurance Co PSC's Price to Tangible Book Ratio of today is 1.32.

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

ADX:SICO' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.64 Med: 2.02 Max: 2.6
Current: 1.3

During the past 13 years, Sharjah Insurance Co PSC's highest Price to Tangible Book Ratio was 2.60. The lowest was 0.64. And the median was 2.02.

ADX:SICO's Price-to-Tangible-Book is ranked better than
52.05% of 463 companies
in the Insurance industry
Industry Median: 1.35 vs ADX:SICO: 1.30

A closely related ratio is called PB Ratio. As of today, Sharjah Insurance Co PSC's share price is د.إ2.20. Sharjah Insurance Co PSC's Book Value per Sharefor the quarter that ended in Dec. 2022 was د.إ1.67. Hence, Sharjah Insurance Co PSC's P/B Ratio of today is 1.32.

Sharjah Insurance Co PSC Price-to-Tangible-Book Historical Data

The historical data trend for Sharjah Insurance Co PSC'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.

* Premium members only.

Sharjah Insurance Co PSC Price-to-Tangible-Book Chart

Sharjah Insurance Co PSC Annual Data

Trend

Dec12

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

2.01

2.02

0.64

0.90

0.80

Sharjah Insurance Co PSC Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Dec15	Mar16	Jun16	Dec16	Mar17	Jun17	Dec17	Sep18	Dec18	Sep19	Dec19	Dec22	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															2.01	2.01	2.02	0.90	0.80

Competitive Comparison of Sharjah Insurance Co PSC's Price-to-Tangible-Book

For the Insurance - Diversified subindustry, Sharjah Insurance Co PSC'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.

Sharjah Insurance Co PSC's Price-to-Tangible-Book Distribution in the Insurance Industry

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

* The bar in red indicates where Sharjah Insurance Co PSC's Price-to-Tangible-Book falls into.

Sharjah Insurance Co PSC Price-to-Tangible-Book Calculation

Sharjah Insurance Co PSC's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2022 )
	=	2.20	/	1.664
	=	1.32

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.

Sharjah Insurance Co PSC Price-to-Tangible-Book Related Terms

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

Sharjah Insurance Co PSC (ADX:SICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sharjah Insurance Co PSC (ADX:SICO) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

01, 02 Floors, Al Raha Tower, Corniche Al Mamzar, Al Khan, Sharjah, ARE

Website

https://www.shjins.com

Sharjah Insurance Co PSC is a national insurance company. The principal activity of the company is dealing with all types of insurance including life assurance. The company mainly carries out general insurance business. Its business segments are Underwriting and Investments. Underwriting segment comprises accident and liabilities insurance, which is the key source of revenue; fire insurance; marine insurance and other classes of insurance. Investments segment include investments inside and outside U.A.E marketable equity securities, term deposits with banks and investment properties.

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