Thaire Life Assurance PCL (BKK:THREL-R) Price-to-Tangible-Book : 1.66 (As of May. 22, 2024)

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What is Thaire Life Assurance PCL Price-to-Tangible-Book?

As of today (2024-05-22), Thaire Life Assurance PCL's share price is ฿3.30482. Thaire Life Assurance PCL's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ฿1.99. Hence, Thaire Life Assurance PCL's Price to Tangible Book Ratio of today is 1.66.

The historical rank and industry rank for Thaire Life Assurance PCL's Price-to-Tangible-Book or its related term are showing as below:

BKK:THREL-R' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.9 Med: 2.31 Max: 9
Current: 0.91

During the past 13 years, Thaire Life Assurance PCL's highest Price to Tangible Book Ratio was 9.00. The lowest was 0.90. And the median was 2.31.

BKK:THREL-R's Price-to-Tangible-Book is ranked better than
75.11% of 462 companies
in the Insurance industry
Industry Median: 1.315 vs BKK:THREL-R: 0.91

A closely related ratio is called PB Ratio. As of today, Thaire Life Assurance PCL's share price is ฿3.30482. Thaire Life Assurance PCL's Book Value per Sharefor the quarter that ended in Mar. 2024 was ฿2.05. Hence, Thaire Life Assurance PCL's P/B Ratio of today is 1.62.

Thaire Life Assurance PCL Price-to-Tangible-Book Historical Data

The historical data trend for Thaire Life Assurance PCL'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.

Thaire Life Assurance PCL Price-to-Tangible-Book Chart

Thaire Life Assurance PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.49

1.38

1.35

1.79

1.54

Thaire Life Assurance PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.81	2.09	1.55	1.54	1.66

Competitive Comparison of Thaire Life Assurance PCL's Price-to-Tangible-Book

For the Insurance - Reinsurance subindustry, Thaire Life Assurance PCL'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.

Thaire Life Assurance PCL's Price-to-Tangible-Book Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Thaire Life Assurance PCL's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Thaire Life Assurance PCL's Price-to-Tangible-Book falls into.

Thaire Life Assurance PCL Price-to-Tangible-Book Calculation

Thaire Life Assurance PCL's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	3.30482	/	1.989
	=	1.66

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.

Thaire Life Assurance PCL Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Thaire Life Assurance PCL's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Thaire Life Assurance PCL (BKK:THREL-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Thaire Life Assurance PCL (BKK:THREL-R) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

THREL:Thailand

Address

Ratchadapisek Road, No. 48/15 Soi Ratchadapisek 20, Samsennok Sub-district, Huaykwang District, Bangkok, THA, 10310

Website

https://www.thairelife.co.th

Thaire Life Assurance PCL is a local reinsurer in Thailand. The company is engaged in the provision of life reinsurance such as ordinary life, group life, credit life and personal accident and health. It operates through the Conventional and Non-Conventional product segments. The conventional product line includes products that are already available in the market. The non-conventional products refer to new types of products, which are introduced by the group in cooperation with other life insurance companies. Geographically the activities are functioned through Thailand.

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