PICC Property and Casualty Co (HKSE:02328) Price-to-Tangible-Book : 0.89 (As of Apr. 28, 2024)

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What is PICC Property and Casualty Co Price-to-Tangible-Book?

As of today (2024-04-28), PICC Property and Casualty Co's share price is HK$10.04. PICC Property and Casualty Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$11.24. Hence, PICC Property and Casualty Co's Price to Tangible Book Ratio of today is 0.89.

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

HKSE:02328' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.56 Med: 1.13 Max: 2.17
Current: 0.89

During the past 13 years, PICC Property and Casualty Co's highest Price to Tangible Book Ratio was 2.17. The lowest was 0.56. And the median was 1.13.

HKSE:02328's Price-to-Tangible-Book is ranked better than
72.33% of 459 companies
in the Insurance industry
Industry Median: 1.34 vs HKSE:02328: 0.89

A closely related ratio is called PB Ratio. As of today, PICC Property and Casualty Co's share price is HK$10.04. PICC Property and Casualty Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$11.38. Hence, PICC Property and Casualty Co's P/B Ratio of today is 0.88.

PICC Property and Casualty Co Price-to-Tangible-Book Historical Data

The historical data trend for PICC Property and Casualty 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.

PICC Property and Casualty Co Price-to-Tangible-Book Chart

PICC Property and Casualty Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.12

0.59

0.56

0.68

0.83

PICC Property and Casualty Co Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															-	0.68	0.79	-	0.83

Competitive Comparison of PICC Property and Casualty Co's Price-to-Tangible-Book

For the Insurance - Property & Casualty subindustry, PICC Property and Casualty 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.

PICC Property and Casualty Co's Price-to-Tangible-Book Distribution in the Insurance Industry

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

* The bar in red indicates where PICC Property and Casualty Co's Price-to-Tangible-Book falls into.

PICC Property and Casualty Co Price-to-Tangible-Book Calculation

PICC Property and Casualty 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 )
	=	10.04	/	11.242
	=	0.89

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.

PICC Property and Casualty Co Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of PICC Property and Casualty Co's Price-to-Tangible-Book 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 » Price-to-Tangible-Book

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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