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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.
AIICO Insurance Price-to-Tangible-Book Related Terms
AIICO Insurance Price-to-Tangible-Book Historical Data
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The historical data trend for AIICO Insurance'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.
NSA:AIIC vs BRK.A, AIG, HIG: Price-to-Tangible-Book Comparison
For the Insurance - Diversified subindustry, AIICO Insurance'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.
AIICO Insurance Price-to-Tangible-Book vs Insurance Industry
For the Insurance industry and Financial Services sector, AIICO Insurance's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where AIICO Insurance's Price-to-Tangible-Book falls into.
* 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 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.
AIICO Insurance (NSA:AIIC) has a Price-to-Tangible-Book of 1.31 as of Sep. 21, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on AIICO Insurance and its competitors. According to the industry distribution chart, AIICO Insurance ranks #213 out of 469 companies in the Insurance industry, placing it in the top 45.4%.
Is AIICO Insurance's Price-to-Tangible-Book too high?
AIICO Insurance's current Price-to-Tangible-Book is 1.31. The Insurance industry median Price-to-Tangible-Book is 1.52. AIICO Insurance's value of 1.31 is 13.8% below this industry median. Based on the distribution chart, AIICO Insurance ranks #213 out of 469 companies in the Insurance industry, which is above the industry midpoint. Overall, AIICO Insurance has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AIICO Insurance's Price-to-Tangible-Book compare to BRK.A and AIG?
According to the Insurance industry distribution chart, AIICO Insurance ranks #213 out of 469 companies for Price-to-Tangible-Book. This puts AIICO Insurance in the upper half of its industry. The industry median Price-to-Tangible-Book is 1.52. AIICO Insurance's value of 1.31 is 13.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for an Insurance company?
The median Price-to-Tangible-Book among Insurance companies is 1.52, based on 469 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AIICO Insurance's current Price-to-Tangible-Book of 1.31 is 13.8% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on AIICO Insurance and its competitors. For the Insurance industry, the median Price-to-Tangible-Book is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AIICO Insurance's current Price-to-Tangible-Book is 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AIICO Insurance stock overvalued right now?
Based on GuruFocus' analysis, AIICO Insurance (NSA:AIIC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦2.58, compared to a current price of ₦3.77 — trading 46.1% above its estimated fair value. The current Price-to-Tangible-Book is 1.31 and 13.8% below the Insurance industry median of 1.52. AIICO Insurance's overall GF Score™ is 42/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For AIICO Insurance (NSA:AIIC), the current Price-to-Tangible-Book is 1.31 as of Sep. 21, 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 AIICO Insurance (NSA:AIIC) Overvalued in 2026?
Based on GuruFocus' analysis, AIICO Insurance stock appears to be overvalued.
The current stock price of ₦3.77 is trading 46.1% above its estimated GF Value™ of ₦2.58.
GuruFocus considers AIICO Insurance to be Significantly Overvalued.
Key valuation signals for NSA:AIIC:
Price-to-Tangible-Book: 1.31
GF Value™: ₦2.58 vs. price of ₦3.77 (46.1% above fair value)
Industry Position: 13.8% below the Insurance median (#213 of 469)
No single metric tells the full story. See the NSA:AIIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AIICO Insurance PLC provides life and health insurance, general insurance, investment management, and pension management services as a means to create and protect wealth for individuals, families, and corporate customers in Nigeria. The company's key business areas include Life Insurance Business, Non-Life Insurance Business, Health, and Wealth Management, Deposit Administration, and Financial Services to organizations and private individuals. The group has four reportable segments: Life business, which generates maximum revenue, General business, Health management services, and Asset management. The life insurance segment offers savings, protection products and other long-term contracts. It comprises of whole life, term assurance, guaranteed pensions, pure endowment pensions and Others.
42GF Score
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Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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