Union Insurance (TPE:2816) Price-to-Tangible-Book : 1.16 (As of May. 25, 2024)

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What is Union Insurance Price-to-Tangible-Book?

As of today (2024-05-25), Union Insurance's share price is NT$33.00. Union Insurance's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was NT$28.44. Hence, Union Insurance's Price to Tangible Book Ratio of today is 1.16.

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

TPE:2816' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.64 Med: 0.85 Max: 1.73
Current: 1.16

During the past 13 years, Union Insurance's highest Price to Tangible Book Ratio was 1.73. The lowest was 0.64. And the median was 0.85.

TPE:2816's Price-to-Tangible-Book is ranked better than
58.96% of 463 companies
in the Insurance industry
Industry Median: 1.34 vs TPE:2816: 1.16

A closely related ratio is called PB Ratio. As of today, Union Insurance's share price is NT$33.00. Union Insurance's Book Value per Sharefor the quarter that ended in Mar. 2024 was NT$29.19. Hence, Union Insurance's P/B Ratio of today is 1.13.

Union Insurance Price-to-Tangible-Book Historical Data

The historical data trend for Union Insurance'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.

* Premium members only.

Union Insurance Price-to-Tangible-Book Chart

Union Insurance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.91

0.83

0.69

0.75

1.43

Union Insurance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.69	0.76	1.06	1.43	1.05

Competitive Comparison of Union Insurance's Price-to-Tangible-Book

For the Insurance - Diversified subindustry, Union Insurance'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.

Union Insurance's Price-to-Tangible-Book Distribution in the Insurance Industry

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

* The bar in red indicates where Union Insurance's Price-to-Tangible-Book falls into.

Union Insurance Price-to-Tangible-Book Calculation

Union Insurance's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	33.00	/	28.443
	=	1.16

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.

Union Insurance Price-to-Tangible-Book Related Terms

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

Union Insurance (TPE:2816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Union Insurance (TPE:2816) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 219, Zhongxiao East Road, 12th Floor, Section 4, Daan District, Taipei, TWN, 10690

Website

https://www.wwunion.com

Union Insurance is a Taiwan-based company engaged in the insurance business engaged in the underwriting of fire, marine, automobile, engineering, liability, and accident insurance, reinsurance, and insurance businesses entrusted by other companies, performing a variety of investments and other businesses in accordance with the regulations. Its product portfolio includes Motor Insurance, Traveler Accident Insurance, Accident and Health Insurance, Fire Property Insurance, Casualty Insurance, Engineering Insurance, and Marine Insurance.

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