Allied Cooperative Insurance Group (SAU:8150) Price-to-Tangible-Book : 2.39 (As of May. 14, 2024)

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What is Allied Cooperative Insurance Group Price-to-Tangible-Book?

As of today (2024-05-14), Allied Cooperative Insurance Group's share price is ﷼20.32. Allied Cooperative Insurance Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was ﷼8.51. Hence, Allied Cooperative Insurance Group's Price to Tangible Book Ratio of today is 2.39.

The historical rank and industry rank for Allied Cooperative Insurance Group's Price-to-Tangible-Book or its related term are showing as below:

SAU:8150' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.61 Med: 2.86 Max: 9.74
Current: 2.39

During the past 13 years, Allied Cooperative Insurance Group's highest Price to Tangible Book Ratio was 9.74. The lowest was 1.61. And the median was 2.86.

SAU:8150's Price-to-Tangible-Book is ranked worse than
74.07% of 459 companies
in the Insurance industry
Industry Median: 1.35 vs SAU:8150: 2.39

A closely related ratio is called PB Ratio. As of today, Allied Cooperative Insurance Group's share price is ﷼20.32. Allied Cooperative Insurance Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was ﷼8.74. Hence, Allied Cooperative Insurance Group's P/B Ratio of today is 2.32.

Allied Cooperative Insurance Group Price-to-Tangible-Book Historical Data

The historical data trend for Allied Cooperative Insurance Group'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.

Allied Cooperative Insurance Group Price-to-Tangible-Book Chart

Allied Cooperative Insurance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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2.71

6.29

9.74

1.72

1.61

Allied Cooperative Insurance Group 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															1.72	1.74	2.32	1.71	1.61

Competitive Comparison of Allied Cooperative Insurance Group's Price-to-Tangible-Book

For the Insurance - Diversified subindustry, Allied Cooperative Insurance Group'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.

Allied Cooperative Insurance Group's Price-to-Tangible-Book Distribution in the Insurance Industry

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

* The bar in red indicates where Allied Cooperative Insurance Group's Price-to-Tangible-Book falls into.

Allied Cooperative Insurance Group Price-to-Tangible-Book Calculation

Allied Cooperative Insurance Group's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	20.32	/	8.509
	=	2.39

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.

Allied Cooperative Insurance Group Price-to-Tangible-Book Related Terms

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

Allied Cooperative Insurance Group (SAU:8150) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Prince Turki bin Abdulaziz Al-Awal Road, P.O. Box 40523, Unit No. 2171, Hittin District, Riyadh, SAU, 11511

Website

https://www.acig.com.sa

Allied Cooperative Insurance Group is a Saudi Arabia based insurance company. The activities of the Company are to transact cooperative insurance operations and related activities in the Kingdom of Saudi Arabia. The operating segment of the company are Medical Insurance, Motor Insurance and General Accident Insurance segments. Medical segment provides compensation to policy holders for expenses incurred in treatment of a disease, illness or injury. Motor provides coverage against losses and liability related to motor vehicles. Other includes property, marine, aviation, accident and liability categories. It earns a vast majority of revenues from the motor insurance segment.

Allied Cooperative Insurance Group (SAU:8150) Headlines

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