Ping An Insurance (Group) Co. of China (Ping An Insurance (Group) Co. of China) Shiller PE Ratio : 7.03 (As of Apr. 27, 2024)

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What is Ping An Insurance (Group) Co. of China Shiller PE Ratio?

As of today (2024-04-27), Ping An Insurance (Group) Co. of China's current share price is $4.22. Ping An Insurance (Group) Co. of China's E10 for the quarter that ended in Mar. 2024 was $0.60. Ping An Insurance (Group) Co. of China's Shiller PE Ratio for today is 7.03.

The historical rank and industry rank for Ping An Insurance (Group) Co. of China's Shiller PE Ratio or its related term are showing as below:

PIAIF' s Shiller PE Ratio Range Over the Past 10 Years
Min: 6.58 Med: 20.1 Max: 36.54
Current: 7.24

During the past years, Ping An Insurance (Group) Co. of China's highest Shiller PE Ratio was 36.54. The lowest was 6.58. And the median was 20.10.

PIAIF's Shiller PE Ratio is ranked better than
83.1% of 361 companies
in the Insurance industry
Industry Median: 13.13 vs PIAIF: 7.24

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Ping An Insurance (Group) Co. of China's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.282. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $0.60 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation

Ping An Insurance (Group) Co. of China Shiller PE Ratio Historical Data

The historical data trend for Ping An Insurance (Group) Co. of China's Shiller PE Ratio 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.

Ping An Insurance (Group) Co. of China Shiller PE Ratio Chart

Ping An Insurance (Group) Co. of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Shiller PE Ratio

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23.37

20.11

10.48

8.75

7.18

Ping An Insurance (Group) Co. of China Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Shiller PE Ratio	Get a 7-Day Free Trial															8.25	8.29	8.49	7.18	7.11

Competitive Comparison of Ping An Insurance (Group) Co. of China's Shiller PE Ratio

For the Insurance - Life subindustry, Ping An Insurance (Group) Co. of China's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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.

Ping An Insurance (Group) Co. of China's Shiller PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Ping An Insurance (Group) Co. of China's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Ping An Insurance (Group) Co. of China's Shiller PE Ratio falls into.

Ping An Insurance (Group) Co. of China Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Ping An Insurance (Group) Co. of China's Shiller PE Ratio for today is calculated as

Shiller PE Ratio	=	Share Price	/	E10
	=	4.22	/	0.6
	=	7.03

Ping An Insurance (Group) Co. of China's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, Ping An Insurance (Group) Co. of China's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS	=	Earnings per Share (Diluted)	/	CPI of Mar. 2024 (Change)	*	Current CPI (Mar. 2024)
	=	0.282	/	114.6694	*	114.6694
	=	0.282

Current CPI (Mar. 2024) = 114.6694.

Ping An Insurance (Group) Co. of China Quarterly Data

	Earnings per Share (Diluted)	CPI	Adj_EPS
201406	0.107	98.200	0.125
201409	0.101	98.900	0.117
201412	0.073	99.000	0.085
201503	0.175	99.900	0.201
201506	0.131	99.500	0.151
201509	0.118	100.500	0.135
201512	0.053	100.600	0.060
201603	0.178	102.200	0.200
201606	0.170	101.400	0.192
201609	0.132	102.400	0.148
201612	0.048	102.600	0.054
201703	0.187	103.200	0.208
201706	0.167	103.100	0.186
201709	0.195	104.100	0.215
201712	0.193	104.500	0.212
201803	0.228	105.300	0.248
201806	0.280	104.900	0.306
201809	0.174	106.600	0.187
201812	0.228	106.500	0.245
201903	0.380	107.700	0.405
201906	0.423	107.700	0.450
201909	0.252	109.800	0.263
201912	0.160	111.200	0.165
202003	0.208	112.300	0.212
202006	0.339	110.400	0.352
202009	0.283	111.700	0.291
202012	0.344	111.500	0.354
202103	0.235	112.662	0.239
202106	0.269	111.769	0.276
202109	0.206	112.215	0.211
202112	0.177	113.108	0.179
202203	0.229	114.335	0.230
202206	0.379	114.558	0.379
202209	0.178	115.339	0.177
202212	0.148	115.116	0.147
202303	0.309	115.116	0.308
202306	0.243	114.558	0.243
202309	0.134	115.339	0.133
202312	-0.015	114.669	-0.015
202403	0.282	114.669	0.282

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Ping An Insurance (Group) Co. of China (OTCPK:PIAIF) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.

Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.

Ping An Insurance (Group) Co. of China Shiller PE Ratio Related Terms

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Ping An Insurance (Group) Co. of China (Ping An Insurance (Group) Co. of China) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ping An Insurance (Group) Co. of China Ltd (OTCPK:PIAIF) » Definitions » Shiller PE Ratio

Comparable Companies

Traded in Other Exchanges

PNGAY:USA 02318:Hong Kong PZX:Germany 601318:China PZX:Austria

Address

No. 5033 Yitian Road, Ping An Finance Center, 47th, 48th, 109th, 110th, 111th and 112th Floors, Futian District, Guangdong Province, Shenzhen, CHN, 518033

Website

https://www.pingan.cn

Founded in 1988, Ping An Insurance is an integrated financial service provider headquartered in Shenzhen. The company has a focus on the offerings of healthcare services and integrated financial products. Ping An is China's second-largest life and P&C insurer. The company strives for an integrated financial services platform comprising life insurance, P&C insurance, banking, other financial services, and technology. These business segments contributed 65%, 5%, 26%, 2%, and 4% of the company's operating profits, respectively, in 2022.