Al-Buhaira National Insurance Co (ADX:ABNIC) Price-to-Tangible-Book : 1.51 (As of May. 23, 2024)

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What is Al-Buhaira National Insurance Co Price-to-Tangible-Book?

As of today (2024-05-23), Al-Buhaira National Insurance Co's share price is د.إ3.00. Al-Buhaira National Insurance Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was د.إ1.99. Hence, Al-Buhaira National Insurance Co's Price to Tangible Book Ratio of today is 1.51.

The historical rank and industry rank for Al-Buhaira National Insurance Co's Price-to-Tangible-Book or its related term are showing as below:

ADX:ABNIC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.63 Med: 0.88 Max: 1.51
Current: 1.51

During the past 13 years, Al-Buhaira National Insurance Co's highest Price to Tangible Book Ratio was 1.51. The lowest was 0.63. And the median was 0.88.

ADX:ABNIC's Price-to-Tangible-Book is ranked worse than
56.71% of 462 companies
in the Insurance industry
Industry Median: 1.34 vs ADX:ABNIC: 1.51

A closely related ratio is called PB Ratio. As of today, Al-Buhaira National Insurance Co's share price is د.إ3.00. Al-Buhaira National Insurance Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was د.إ1.99. Hence, Al-Buhaira National Insurance Co's P/B Ratio of today is 1.51.

Al-Buhaira National Insurance Co Price-to-Tangible-Book Historical Data

The historical data trend for Al-Buhaira National Insurance 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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Al-Buhaira National Insurance Co Price-to-Tangible-Book Chart

Al-Buhaira National Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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0.69

0.63

0.69

1.02

1.41

Al-Buhaira National Insurance Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.02	1.02	1.05	1.32	1.41

Competitive Comparison of Al-Buhaira National Insurance Co's Price-to-Tangible-Book

For the Insurance - Diversified subindustry, Al-Buhaira National Insurance 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.

Al-Buhaira National Insurance Co's Price-to-Tangible-Book Distribution in the Insurance Industry

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

* The bar in red indicates where Al-Buhaira National Insurance Co's Price-to-Tangible-Book falls into.

Al-Buhaira National Insurance Co Price-to-Tangible-Book Calculation

Al-Buhaira National Insurance Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	3.00	/	1.986
	=	1.51

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.

Al-Buhaira National Insurance Co Price-to-Tangible-Book Related Terms

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

Al-Buhaira National Insurance Co (ADX:ABNIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Al-Buhaira National Insurance Co (ADX:ABNIC) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Buhaira Tower, Khalid Lagoon, P.O Box 6000, 6th Floor, Buhaira Corniche, Sharjah, ARE

Website

http://www.albuhaira.com

Al-Buhaira National Insurance Co is a national insurance company. The principal activity of the group is the writing of insurance of all types - other than savings and accumulation of funds. The company is organized into two segments namely Underwriting and Investments. The underwriting segment incorporates all classes of general insurance including fire, marine, medical, motor, general accident, and other classes of insurance. The investment segment includes investments in equity securities, term deposits with banks, and investment properties.

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