What is New China Life Insurance Co Median PS Value?
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for New China Life Insurance Co's Median PS Value or its related term are showing as below:
SHSE:601336'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.65 Med: 0.98 Max: 1.66
Current: 1.66
During the past 13 years, the highest Price to Median PS Value of New China Life Insurance Co was 1.66. The lowest was 0.65. And the median was 0.98.
SHSE:601336's Price-to-Median-PS-Value is ranked worse than 84.69% of 307
companies
in the Insurance industry
Industry Median: 0.96
vs SHSE:601336: 1.66
New China Life Insurance Co Median PS Value Historical Data
* 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.
Competitive Comparison of New China Life Insurance Co's Median PS Value
For the Insurance - Life subindustry, New China Life Insurance Co's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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 Price-to-Median-PS-Value Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, New China Life Insurance Co's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where New China Life Insurance Co's Price-to-Median-PS-Value falls into.
New China Life Insurance Co Median PS Value Calculation
10-Year Median PS Ratio is 0.9142.
New China Life Insurance Co's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥22.271.
* 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.
New China Life Insurance Co (SHSE:601336) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
New China Life Insurance Co's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
33.99
/
20.36
=
1.67
* 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.
New China Life Insurance Co Median PS Value Related Terms
Thank you for viewing the detailed overview of New China Life Insurance Co's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
New China Life Insurance Co (SHSE:601336) Business Description
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).
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