GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al Mashriq Insurance Co (XPAE:MIC) » Definitions » PB Ratio

Al Mashriq Insurance Co (XPAE:MIC) PB Ratio : 1.63 (As of May. 14, 2024)


View and export this data going back to 2006. Start your Free Trial

What is Al Mashriq Insurance Co PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-05-14), Al Mashriq Insurance Co's share price is $3.14. Al Mashriq Insurance Co's Book Value per Share for the quarter that ended in Dec. 2023 was $1.93. Hence, Al Mashriq Insurance Co's PB Ratio of today is 1.63.

Good Sign:

Al Mashriq Insurance Co stock PB Ratio (=1.63) is close to 1-year low of 1.54

The historical rank and industry rank for Al Mashriq Insurance Co's PB Ratio or its related term are showing as below:

XPAE:MIC' s PB Ratio Range Over the Past 10 Years
Min: 0.81   Med: 1.48   Max: 2.54
Current: 1.63

During the past 13 years, Al Mashriq Insurance Co's highest PB Ratio was 2.54. The lowest was 0.81. And the median was 1.48.

XPAE:MIC's PB Ratio is not ranked
in the Insurance industry.
Industry Median: 1.22 vs XPAE:MIC: 1.63

During the past 12 months, Al Mashriq Insurance Co's average Book Value Per Share Growth Rate was -1.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 16.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 13.60% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 33.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Al Mashriq Insurance Co was 90.40% per year. The lowest was 7.80% per year. And the median was 41.70% per year.

Back to Basics: PB Ratio


Al Mashriq Insurance Co PB Ratio Historical Data

The historical data trend for Al Mashriq Insurance Co's PB 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.

Al Mashriq Insurance Co PB Ratio Chart

Al Mashriq Insurance Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.32 1.30 1.63 1.39 1.63

Al Mashriq Insurance Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.39 1.33 1.61 1.75 1.63

Competitive Comparison of Al Mashriq Insurance Co's PB Ratio

For the Insurance - Diversified subindustry, Al Mashriq Insurance Co's PB Ratio, along with its competitors' market caps and PB 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.


Al Mashriq Insurance Co's PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Al Mashriq Insurance Co's PB Ratio distribution charts can be found below:

* The bar in red indicates where Al Mashriq Insurance Co's PB Ratio falls into.



Al Mashriq Insurance Co PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Al Mashriq Insurance Co's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2023)
=3.14/1.925
=1.63

* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.


Al Mashriq Insurance Co  (XPAE:MIC) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Al Mashriq Insurance Co PB Ratio Related Terms

Thank you for viewing the detailed overview of Al Mashriq Insurance Co's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Al Mashriq Insurance Co (XPAE:MIC) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 1600, Ramallah, PSE
Al Mashriq Insurance Co is engaged in the provision of insurance, re-insurance related services. Its products are Engineering Insurance, General Accident Insurance, Personal Insurance, Marine Insurance, Fire Insurance, Vehicle Insurance, Propety Insurance, Civil Liability Insurance and Travel Insurance.

Al Mashriq Insurance Co (XPAE:MIC) Headlines

From GuruFocus