Ping An Insurance (Group) Co. of China (Ping An Insurance (Group) Co. of China) PB Ratio

: 0.58 (As of Today)

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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 (2024-04-18), Ping An Insurance (Group) Co. of China's share price is $4.01. Ping An Insurance (Group) Co. of China's Book Value per Share for the quarter that ended in Dec. 2023 was $6.91. Hence, Ping An Insurance (Group) Co. of China's PB Ratio of today is 0.58.

Good Sign:

Ping An Insurance (Group) Co. of China Ltd stock PB Ratio (=0.77) is close to 10-year low of 0.77

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

PIAIF' s PB Ratio Range Over the Past 10 Years
Min: 0.77 Med: 1.74 Max: 3.07
Current: 0.79

During the past 13 years, Ping An Insurance (Group) Co. of China's highest PB Ratio was 3.07. The lowest was 0.77. And the median was 1.74.

PIAIF's PB Ratio is ranked better than
73.87% of 486 companies
in the Insurance industry
Industry Median: 1.195 vs PIAIF: 0.79

During the past 12 months, Ping An Insurance (Group) Co. of China's average Book Value Per Share Growth Rate was 3.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 5.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 9.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 15.60% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ping An Insurance (Group) Co. of China was 44.20% per year. The lowest was 0.10% per year. And the median was 18.55% per year.

Back to Basics: PB Ratio

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

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

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

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

2.29

1.94

1.02

0.95

0.65

Ping An Insurance (Group) Co. of China Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio																0.95	0.89	0.89	0.84	0.65

Competitive Comparison

For the Insurance - Life subindustry, Ping An Insurance (Group) Co. of China'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.

Ping An Insurance (Group) Co. of China PB Ratio Distribution

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

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

Ping An Insurance (Group) Co. of China 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.

Ping An Insurance (Group) Co. of China's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	4.01	/	6.914
	=	0.58

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

Ping An Insurance (Group) Co. of China (OTCPK:PIAIF) 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.

Ping An Insurance (Group) Co. of China PB 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 » PB 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.