Storebrand ASA (OSL:STB) PB Ratio : 1.58 (As of Apr. 27, 2024)

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What is Storebrand ASA PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-27), Storebrand ASA's share price is kr106.40. Storebrand ASA's Book Value per Share for the quarter that ended in Mar. 2024 was kr67.13. Hence, Storebrand ASA's PB Ratio of today is 1.58.

Warning Sign:

Storebrand ASA stock PB Ratio (=1.58) is close to 10-year high of 1.58

The historical rank and industry rank for Storebrand ASA's PB Ratio or its related term are showing as below:

OSL:STB' s PB Ratio Range Over the Past 10 Years
Min: 0.43 Med: 0.91 Max: 1.59
Current: 1.59

During the past 13 years, Storebrand ASA's highest PB Ratio was 1.59. The lowest was 0.43. And the median was 0.91.

OSL:STB's PB Ratio is ranked better than
57.47% of 529 companies
in the Diversified Financial Services industry
Industry Median: 1.84 vs OSL:STB: 1.59

During the past 12 months, Storebrand ASA's average Book Value Per Share Growth Rate was 2.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -4.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -2.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 2.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Storebrand ASA was 11.10% per year. The lowest was -4.90% per year. And the median was 5.25% per year.

Back to Basics: PB Ratio

Storebrand ASA PB Ratio Historical Data

The historical data trend for Storebrand ASA's PB 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.

* Premium members only.

Storebrand ASA PB Ratio Chart

Storebrand ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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0.97

0.84

1.41

1.34

1.36

Storebrand ASA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial															1.23	1.33	1.36	1.36	1.49

Competitive Comparison of Storebrand ASA's PB Ratio

For the Financial Conglomerates subindustry, Storebrand ASA's PB Ratio, along with its competitors' market caps and PB 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.

Storebrand ASA's PB Ratio Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Storebrand ASA's PB Ratio distribution charts can be found below:

* The bar in red indicates where Storebrand ASA's PB Ratio falls into.

Storebrand ASA PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Storebrand ASA's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Mar. 2024)
	=	106.40	/	67.134
	=	1.58

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Storebrand ASA (OSL:STB) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Storebrand ASA PB Ratio Related Terms

Thank you for viewing the detailed overview of Storebrand ASA's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Storebrand ASA (OSL:STB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Storebrand ASA (OSL:STB) » Definitions » PB Ratio

Traded in Other Exchanges

SREDF:USA STBo:Sweden 0NO0:UK SKT:Germany

Address

Professor Kohts vei 9, P.O. Box 474, Lysaker, NOR, N-1327

Website

https://www.storebrand.no

Storebrand ASA is a Nordic long-term savings and insurance company. The business is divided into nonguaranteed savings, insurance, and guaranteed pensions. The savings segment includes products for retirement savings with no interest rate guarantees. The segment consists of defined contribution pensions in Norway and Sweden, asset management, and retail banking products. The insurance segment provides risk products in Norway and Sweden. It provides health, property & casualty, personal risk products, and employee-related & pension-related insurance. The Guaranteed Pension business area encompasses long-term pension savings products that give customers a guaranteed rate of return.