PICC Property and Casualty Co (HKSE:02328) 3-Year Book Growth Rate : 4.40% (As of Dec. 2023)

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What is PICC Property and Casualty Co 3-Year Book Growth Rate?

PICC Property and Casualty Co's Book Value per Share for the quarter that ended in Dec. 2023 was HK$11.38.

During the past 12 months, PICC Property and Casualty Co's average Book Value per Share Growth Rate was 3.60% per year. During the past 3 years, the average Book Value per Share Growth Rate was 4.40% per year. During the past 5 years, the average Book Value per Share Growth Rate was 9.50% per year. During the past 10 years, the average Book Value per Share Growth Rate was 11.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of PICC Property and Casualty Co was 30.90% per year. The lowest was 4.10% per year. And the median was 13.60% per year.

Competitive Comparison of PICC Property and Casualty Co's 3-Year Book Growth Rate

For the Insurance - Property & Casualty subindustry, PICC Property and Casualty Co's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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.

PICC Property and Casualty Co's 3-Year Book Growth Rate Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, PICC Property and Casualty Co's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where PICC Property and Casualty Co's 3-Year Book Growth Rate falls into.

PICC Property and Casualty Co 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

PICC Property and Casualty Co (HKSE:02328) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

PICC Property and Casualty Co 3-Year Book Growth Rate Related Terms

Thank you for viewing the detailed overview of PICC Property and Casualty Co's 3-Year Book Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.

PICC Property and Casualty Co (HKSE:02328) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PICC Property and Casualty Co Ltd (HKSE:02328) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

PPCCY:USA PPCCF:USA PJC:Germany

Address

Tower 2, No. 2 Jianguomenwai Avenue, Chaoyang District, Beijing, CHN, 100022

Website

https://property.picc.com

Headquartered in Beijing, PICC P&C is China's largest nonlife insurer, commanding over 33% market share in the country. It was founded by the People's Bank of China in 1949. The company is a flagship subsidiary of the PICC Group, a state-owned insurance group, which owns 69% of PICC P&C. The company offers a wide range of nonlife insurance products, including auto, commercial property, liability, credit and surety bond, accidents and health, energy and aerospace, and agricultural insurance.

PICC Property and Casualty Co (HKSE:02328) Headlines

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