New China Life Insurance Co (SHSE:601336) Forward PE Ratio : 10.48 (As of May. 13, 2024)

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What is New China Life Insurance Co Forward PE Ratio?

New China Life Insurance Co's Forward PE Ratio for today is 10.48.

New China Life Insurance Co's PE Ratio without NRI for today is 15.16.

New China Life Insurance Co's PE Ratio for today is 15.16.

New China Life Insurance Co Forward PE Ratio Historical Data

The historical data trend for New China Life Insurance Co's Forward PE 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.

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New China Life Insurance Co Forward PE Ratio Chart

New China Life Insurance Co Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-12

2024-05

Forward PE Ratio

31.85

14.60

27.70

13.85

12.82

12.85

7.55

7.75

7.08

10.48

New China Life Insurance Co Quarterly Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	31.85	17.73	17.51	11.29	14.60	14.18	21.83	21.98	27.70	17.70	18.05	15.38	13.85	18.08	17.86	12.33	12.82	10.91	11.43	14.14	12.85	10.55	9.52	8.01	7.55	6.58	6.18	5.87	7.75	8.55	9.57	8.61	7.08	11.52

Competitive Comparison of New China Life Insurance Co's Forward PE Ratio

For the Insurance - Life subindustry, New China Life Insurance Co's Forward PE Ratio, along with its competitors' market caps and Forward PE 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.

New China Life Insurance Co's Forward PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, New China Life Insurance Co's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where New China Life Insurance Co's Forward PE Ratio falls into.

New China Life Insurance Co Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

New China Life Insurance Co (SHSE:601336) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

New China Life Insurance Co Forward PE Ratio Related Terms

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New China Life Insurance Co (SHSE:601336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » New China Life Insurance Co Ltd (SHSE:601336) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

NWWCF:USA 01336:Hong Kong NCL:Germany

Address

A12 Jianguomenwai Avenue, New China Insurance Tower, Chaoyang District, Beijing, CHN, 100022

Website

https://www.newchinalife.com

Headquartered in Beijing, New China Life Insurance, or NCI, was founded by SOEs and private firms in 1996. The company is the fourth-largest life insurer in China in terms of total assets. Huijin Investment, the government's investment company owns 31% shares of New China Life. The company was listed on the Hong Kong and Shanghai Stock Exchanges in 2011. New China Life offers comprehensive life insurance products and services to individual customers and institutional customers through nationwide distributional networks and diversified marketing channels, manages and deploys insurance funds through its subsidiaries, including Asset Management Company and Asset Management Company (Hong Kong).

New China Life Insurance Co (SHSE:601336) Headlines

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