Sompo Holdings (TSE:8630) Price-to-Tangible-Book : 1.52 (As of May. 02, 2024)

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What is Sompo Holdings Price-to-Tangible-Book?

As of today (2024-05-02), Sompo Holdings's share price is 円3100.00. Sompo Holdings's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was 円2,037.23. Hence, Sompo Holdings's Price to Tangible Book Ratio of today is 1.52.

The historical rank and industry rank for Sompo Holdings's Price-to-Tangible-Book or its related term are showing as below:

TSE:8630' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.76 Med: 1.06 Max: 1.53
Current: 1.52

During the past 13 years, Sompo Holdings's highest Price to Tangible Book Ratio was 1.53. The lowest was 0.76. And the median was 1.06.

TSE:8630's Price-to-Tangible-Book is ranked worse than
56.55% of 458 companies
in the Insurance industry
Industry Median: 1.34 vs TSE:8630: 1.52

A closely related ratio is called PB Ratio. As of today, Sompo Holdings's share price is 円3100.00. Sompo Holdings's Book Value per Sharefor the quarter that ended in Dec. 2023 was 円2,593.40. Hence, Sompo Holdings's P/B Ratio of today is 1.20.

Sompo Holdings Price-to-Tangible-Book Historical Data

The historical data trend for Sompo Holdings'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.

Sompo Holdings Price-to-Tangible-Book Chart

Sompo Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.12

1.02

0.94

1.15

1.33

Sompo Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															1.53	1.33	1.23	1.15	1.13

Competitive Comparison of Sompo Holdings's Price-to-Tangible-Book

For the Insurance - Property & Casualty subindustry, Sompo Holdings'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.

Sompo Holdings's Price-to-Tangible-Book Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Sompo Holdings's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Sompo Holdings's Price-to-Tangible-Book falls into.

Sompo Holdings Price-to-Tangible-Book Calculation

Sompo Holdings's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	3100.00	/	2037.232
	=	1.52

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.

Sompo Holdings Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Sompo Holdings's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Sompo Holdings (TSE:8630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sompo Holdings Inc (TSE:8630) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

SMPNY:USA NHOLF:USA ANK:Germany

Address

26-1, Nishi-Shinjuku 1-chome, Shinjuku-ku, Tokyo, JPN, 160-8338

Website

http://www.sompo-hd.com

Sompo Holdings was formed in 2010 after the merger of the former Sompo Japan and Nipponkoa Insurance. The name Sompo, which literally just means "nonlife insurance" in Japanese, was adopted as a common brand in 2001 for a planned three-way merger of Yasuda Fire, Nissan Fire, and Taisei Fire, although that deal had to be reworked after Taisei Fire's sudden bankruptcy from Sept. 11 losses. In the last few years Sompo has worked to integrate the former Nipponkoa, which before the merger had been somewhat of an industry laggard, to improve overall efficiency. Although Nissan Fire is one of its predecessor firms, in reality Sompo's development has been mainly driven by the former Yasuda Fire and the group has balanced ties to most of Japan's automakers, rather than focusing on Nissan.

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