Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Dai-ichi Life Holdings Tangible Book per Share Historical Data
The historical data trend for Dai-ichi Life Holdings's Tangible Book per Share 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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Dai-ichi Life Holdings Tangible Book per Share Chart
Competitive Comparison of Dai-ichi Life Holdings's Tangible Book per Share
For the Insurance - Life subindustry, Dai-ichi Life Holdings'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.
Dai-ichi Life Holdings's Price-to-Tangible-Book Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Dai-ichi Life Holdings's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Dai-ichi Life Holdings's Price-to-Tangible-Book falls into.
Dai-ichi Life Holdings Tangible Book per Share Calculation
Dai-ichi Life Holdings's Tangible Book Value Per Share for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.
Dai-ichi Life Holdings (TSE:8750) Tangible Book per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Dai-ichi Life Holdings Tangible Book per Share Related Terms
Thank you for viewing the detailed overview of Dai-ichi Life Holdings's Tangible Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Dai-ichi Life Holdings (TSE:8750) Business Description
Dai-Ichi Life is Japan's second-largest life insurance company excluding recently privatized Japan Post Insurance, with a market share of slightly over 10%. Unlike its largest domestic competitors Nippon Life, Meiji Yasuda, and Sumitomo Life, which remain mutually owned by their policyholders, Dai-Ichi Life demutualized and listed on the Tokyo Stock Exchange in 2010. Its main domestic operating company accounts for around 60% of profits, its Frontier bancassurance subsidiary selling mainly savings products accounts for around 10%, Alabama-based Protective Life accounts for around 15%, TAL in Australia accounts for 7%, and Dai-Ichi Life Vietnam around 5%. Dai-Ichi also holds a 30% economic interest in Mizuho's Asset Management One.
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