PSC Insurance Group (ASX:PSI) PB Ratio : 4.66 (As of May. 21, 2024)

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What is PSC Insurance Group 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 (2024-05-21), PSC Insurance Group's share price is A$6.02. PSC Insurance Group's Book Value per Share for the quarter that ended in Dec. 2023 was A$1.29. Hence, PSC Insurance Group's PB Ratio of today is 4.66.

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

ASX:PSI' s PB Ratio Range Over the Past 10 Years
Min: 2.82 Med: 4.3 Max: 9.17
Current: 4.66

During the past 8 years, PSC Insurance Group's highest PB Ratio was 9.17. The lowest was 2.82. And the median was 4.30.

ASX:PSI's PB Ratio is ranked worse than
91.62% of 489 companies
in the Insurance industry
Industry Median: 1.24 vs ASX:PSI: 4.66

During the past 12 months, PSC Insurance Group's average Book Value Per Share Growth Rate was 13.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 14.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 18.80% per year.

During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of PSC Insurance Group was 35.60% per year. The lowest was 14.80% per year. And the median was 23.80% per year.

Back to Basics: PB Ratio

PSC Insurance Group PB Ratio Historical Data

The historical data trend for PSC Insurance Group'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.

PSC Insurance Group PB Ratio Chart

PSC Insurance Group Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

PB Ratio

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4.21

3.01

3.28

3.55

4.31

PSC Insurance Group Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
PB Ratio	Get a 7-Day Free Trial												4.44	3.55	4.39	4.31	3.61

Competitive Comparison of PSC Insurance Group's PB Ratio

For the Insurance Brokers subindustry, PSC Insurance Group'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.

PSC Insurance Group's PB Ratio Distribution in the Insurance Industry

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

* The bar in red indicates where PSC Insurance Group's PB Ratio falls into.

PSC Insurance Group 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.

PSC Insurance Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	6.02	/	1.292
	=	4.66

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.

PSC Insurance Group (ASX:PSI) 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.

PSC Insurance Group PB Ratio Related Terms

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PSC Insurance Group (ASX:PSI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PSC Insurance Group Ltd (ASX:PSI) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

96 Wellington Parade, Level 4, East Melbourne, Melbourne, VIC, AUS, 3002

Website

https://www.pscinsurancegroup.com.au

PSC Insurance Group is an insurance intermediary which owns broker and underwriting businesses in Australia, New Zealand and the U.K. It also runs the third largest broker network in Australia, allowing independent brokers to access support services for a fee. PSC Insurance derives most of its revenue from commissions (from insurers, ultimately paid for by PSC's customers) based on gross written premium. Broker GWP is split between small to medium enterprises (45%), and corporates (55%). The U.K. business spans retail and wholesale broking, underwriting agencies, and managing agents which have the authority to underwrite on behalf of insurers.