Korean Reinsurance Co (XKRX:003690) Price-to-Tangible-Book : 0.37 (As of May. 13, 2024)

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What is Korean Reinsurance Co Price-to-Tangible-Book?

As of today (2024-05-13), Korean Reinsurance Co's share price is ₩8070.00. Korean Reinsurance Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was ₩21,764.89. Hence, Korean Reinsurance Co's Price to Tangible Book Ratio of today is 0.37.

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

XKRX:003690' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.31 Med: 0.44 Max: 0.82
Current: 0.37

During the past 13 years, Korean Reinsurance Co's highest Price to Tangible Book Ratio was 0.82. The lowest was 0.31. And the median was 0.44.

XKRX:003690's Price-to-Tangible-Book is ranked better than
93.46% of 459 companies
in the Insurance industry
Industry Median: 1.37 vs XKRX:003690: 0.37

A closely related ratio is called PB Ratio. As of today, Korean Reinsurance Co's share price is ₩8070.00. Korean Reinsurance Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was ₩22,088.27. Hence, Korean Reinsurance Co's P/B Ratio of today is 0.37.

Korean Reinsurance Co Price-to-Tangible-Book Historical Data

The historical data trend for Korean Reinsurance 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.

* Premium members only.

Korean Reinsurance Co Price-to-Tangible-Book Chart

Korean Reinsurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.43

0.33

0.38

0.31

0.33

Korean Reinsurance 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															0.31	0.30	0.28	0.32	0.33

Competitive Comparison of Korean Reinsurance Co's Price-to-Tangible-Book

For the Insurance - Reinsurance subindustry, Korean Reinsurance 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.

Korean Reinsurance Co's Price-to-Tangible-Book Distribution in the Insurance Industry

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

* The bar in red indicates where Korean Reinsurance Co's Price-to-Tangible-Book falls into.

Korean Reinsurance Co Price-to-Tangible-Book Calculation

Korean Reinsurance 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 )
	=	8070.00	/	21764.894
	=	0.37

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.

Korean Reinsurance Co Price-to-Tangible-Book Related Terms

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

Korean Reinsurance Co (XKRX:003690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Korean Reinsurance Co (XKRX:003690) » Definitions » Price-to-Tangible-Book

Traded in Other Exchanges

N/A

Address

68 Jongno 5 Gil, Jongno-gu, Seoul, KOR, 03151

Website

http://www.koreanre.co.kr

Korean Reinsurance Co is a South Korean reinsurer that provides clients with reinsurance services and risk-management solutions. The company provides nonlife and life reinsurance products that include fire insurance, marine and aviation insurance, comprehensive and engineering reinsurance, motor insurance, guaranteed insurance, foreign casualty insurance, long-term insurance, international reinsurance solutions, life insurance, and health insurance. The company derives over half of its income from Asian regions including China, Japan, Hong Kong, and Taiwan. Korean Re also has operations in the Middle East, Africa, Europe, and the Americas.

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