ZhongAn Online P&C Insurance Co (HKSE:06060) Price-to-Tangible-Book : 1.02 (As of May. 12, 2024)

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What is ZhongAn Online P&C Insurance Co Price-to-Tangible-Book?

As of today (2024-05-12), ZhongAn Online P&C Insurance Co's share price is HK$14.86. ZhongAn Online P&C Insurance Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was HK$14.55. Hence, ZhongAn Online P&C Insurance Co's Price to Tangible Book Ratio of today is 1.02.

The historical rank and industry rank for ZhongAn Online P&C Insurance Co's Price-to-Tangible-Book or its related term are showing as below:

HKSE:06060' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.02 Med: 2.16 Max: 5.09
Current: 1.02

During the past 10 years, ZhongAn Online P&C Insurance Co's highest Price to Tangible Book Ratio was 5.09. The lowest was 1.02. And the median was 2.16.

HKSE:06060's Price-to-Tangible-Book is ranked better than
66.88% of 459 companies
in the Insurance industry
Industry Median: 1.37 vs HKSE:06060: 1.02

A closely related ratio is called PB Ratio. As of today, ZhongAn Online P&C Insurance Co's share price is HK$14.86. ZhongAn Online P&C Insurance Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was HK$14.94. Hence, ZhongAn Online P&C Insurance Co's P/B Ratio of today is 0.99.

ZhongAn Online P&C Insurance Co Price-to-Tangible-Book Historical Data

The historical data trend for ZhongAn Online P&C Insurance 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.

ZhongAn Online P&C Insurance Co Price-to-Tangible-Book Chart

ZhongAn Online P&C Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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2.57

2.95

1.96

1.87

1.23

ZhongAn Online P&C Insurance Co Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial													1.96	2.07	1.87	1.86	1.23

Competitive Comparison of ZhongAn Online P&C Insurance Co's Price-to-Tangible-Book

For the Insurance - Property & Casualty subindustry, ZhongAn Online P&C Insurance 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.

ZhongAn Online P&C Insurance Co's Price-to-Tangible-Book Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, ZhongAn Online P&C Insurance Co's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where ZhongAn Online P&C Insurance Co's Price-to-Tangible-Book falls into.

ZhongAn Online P&C Insurance Co Price-to-Tangible-Book Calculation

ZhongAn Online P&C Insurance 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 )
	=	14.86	/	14.545
	=	1.02

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.

ZhongAn Online P&C Insurance Co Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of ZhongAn Online P&C Insurance Co's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

ZhongAn Online P&C Insurance Co (HKSE:06060) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » ZhongAn Online P&C Insurance Co Ltd (HKSE:06060) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

ZZHGF:USA ZZHGY:USA 1ZO:Germany

Address

219 Yuanmingyuan Road, Shanghai, CHN

Website

https://www.zhongan.com

ZhongAn was founded by Ant Financial, Tencent, Ping An Insurance, and other well-known enterprises in 2013 and is headquartered in Shanghai. The company is the first internet-based insurance company in China. It provides online underwriting and claim services through the internet without any offline branches. ZhongAn was listed in September 2017 in Hong Kong. Besides the online insurance segment, the company operates technology and banking segments. Its insurance technology segment exports digital operating system, middle platforms, and industry models to licensed financial players both domestically and overseas. Its banking segment, through Hong Kong-based virtual bank ZA Bank, offers similar services as traditional offline banks but without an offline presence.

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