New China Life Insurance Co (SHSE:601336) Price-to-Tangible-Book : 1.13 (As of May. 12, 2024)

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What is New China Life Insurance Co Price-to-Tangible-Book?

As of today (2024-05-12), New China Life Insurance Co's share price is ¥32.60. New China Life Insurance Co's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was ¥28.86. Hence, New China Life Insurance Co's Price to Tangible Book Ratio of today is 1.13.

The historical rank and industry rank for New China Life Insurance Co's Price-to-Tangible-Book or its related term are showing as below:

SHSE:601336' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.81 Med: 2.04 Max: 3.54
Current: 1.13

During the past 13 years, New China Life Insurance Co's highest Price to Tangible Book Ratio was 3.54. The lowest was 0.81. And the median was 2.04.

SHSE:601336's Price-to-Tangible-Book is ranked better than
59.91% of 459 companies
in the Insurance industry
Industry Median: 1.37 vs SHSE:601336: 1.13

A closely related ratio is called PB Ratio. As of today, New China Life Insurance Co's share price is ¥32.60. New China Life Insurance Co's Book Value per Sharefor the quarter that ended in Mar. 2024 was ¥30.13. Hence, New China Life Insurance Co's P/B Ratio of today is 1.08.

New China Life Insurance Co Price-to-Tangible-Book Historical Data

The historical data trend for New China Life 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.

New China Life Insurance Co Price-to-Tangible-Book Chart

New China Life Insurance Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.90

1.85

1.16

1.00

0.96

New China Life Insurance Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.81	1.06	1.10	0.96	1.03

Competitive Comparison of New China Life Insurance Co's Price-to-Tangible-Book

For the Insurance - Life subindustry, New China Life 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.

New China Life Insurance Co's Price-to-Tangible-Book Distribution in the Insurance Industry

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

* The bar in red indicates where New China Life Insurance Co's Price-to-Tangible-Book falls into.

New China Life Insurance Co Price-to-Tangible-Book Calculation

New China Life Insurance Co's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Mar. 2024 )
	=	32.60	/	28.857
	=	1.13

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.

New China Life Insurance Co Price-to-Tangible-Book Related Terms

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

New China Life Insurance Co (SHSE:601336) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » New China Life Insurance Co Ltd (SHSE:601336) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

NWWCF:USA 01336:Hong Kong NCL:Germany

Address

A12 Jianguomenwai Avenue, New China Insurance Tower, Chaoyang District, Beijing, CHN, 100022

Website

https://www.newchinalife.com

Headquartered in Beijing, New China Life Insurance, or NCI, was founded by SOEs and private firms in 1996. The company is the fourth-largest life insurer in China in terms of total assets. Huijin Investment, the government's investment company owns 31% shares of New China Life. The company was listed on the Hong Kong and Shanghai Stock Exchanges in 2011. New China Life offers comprehensive life insurance products and services to individual customers and institutional customers through nationwide distributional networks and diversified marketing channels, manages and deploys insurance funds through its subsidiaries, including Asset Management Company and Asset Management Company (Hong Kong).

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