Nippon Souken Co (TSE:5840) Price-to-Tangible-Book : 11.09 (As of Jun. 24, 2024)

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What is Nippon Souken Co Price-to-Tangible-Book?

As of today (2024-06-24), Nippon Souken Co's share price is 円1010.00. Nippon Souken Co's Tangible Book per Share of Nov. 2023 for the quarter that ended in Nov. 2023 was 円91.10. Hence, Nippon Souken Co's Price to Tangible Book Ratio of today is 11.09.

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

TSE:5840' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 11.09 Med: 11.09 Max: 11.09
Current: 11.09

During the past 3 years, Nippon Souken Co's highest Price to Tangible Book Ratio was 11.09. The lowest was 11.09. And the median was 11.09.

TSE:5840's Price-to-Tangible-Book is ranked worse than
97.64% of 466 companies
in the Insurance industry
Industry Median: 1.34 vs TSE:5840: 11.09

A closely related ratio is called PB Ratio. As of today, Nippon Souken Co's share price is 円1010.00. Nippon Souken Co's Book Value per Sharefor the quarter that ended in Nov. 2023 was 円102.64. Hence, Nippon Souken Co's P/B Ratio of today is 9.84.

Nippon Souken Co Price-to-Tangible-Book Historical Data

The historical data trend for Nippon Souken Co'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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Nippon Souken Co Price-to-Tangible-Book Chart

Nippon Souken Co Annual Data

Trend

Nov21

Nov22

Nov23

Price-to-Tangible-Book

11.09

Nippon Souken Co Semi-Annual Data
	Nov21	Nov22	Nov23
Price-to-Tangible-Book	-	-	11.09

Competitive Comparison of Nippon Souken Co's Price-to-Tangible-Book

For the Insurance Brokers subindustry, Nippon Souken Co'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.

Nippon Souken Co's Price-to-Tangible-Book Distribution in the Insurance Industry

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

* The bar in red indicates where Nippon Souken Co's Price-to-Tangible-Book falls into.

Nippon Souken Co Price-to-Tangible-Book Calculation

Nippon Souken Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Nov. 2023 )
	=	1010.00	/	91.104
	=	11.09

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.

Nippon Souken Co Price-to-Tangible-Book Related Terms

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

Nippon Souken Co (TSE:5840) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Nippon Souken Co Ltd (TSE:5840) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-1 Sunport, Takamatsu Symbol Tower 9th floor, Kagawa Prefecture, Takamatsu, JPN, 760-0019

Website

https://www.iba-ns.com

Nippon Souken Co Ltd is an insurance broker authorized by the Financial Services Agency to specialize in risk and insurance. The company provides a one-stop solution to the problems faced by insurance representatives.

Nippon Souken Co (TSE:5840) Headlines

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