Shin Kong Financial Holding Co (TPE:2888) Price-to-Tangible-Book : 0.59 (As of May. 20, 2024)

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What is Shin Kong Financial Holding Co Price-to-Tangible-Book?

As of today (2024-05-20), Shin Kong Financial Holding Co's share price is NT$9.04. Shin Kong Financial Holding Co's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was NT$15.42. Hence, Shin Kong Financial Holding Co's Price to Tangible Book Ratio of today is 0.59.

The historical rank and industry rank for Shin Kong Financial Holding Co's Price-to-Tangible-Book or its related term are showing as below:

TPE:2888' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.49 Med: 0.63 Max: 0.82
Current: 0.59

During the past 13 years, Shin Kong Financial Holding Co's highest Price to Tangible Book Ratio was 0.82. The lowest was 0.49. And the median was 0.63.

TPE:2888's Price-to-Tangible-Book is ranked better than
87.88% of 462 companies
in the Insurance industry
Industry Median: 1.34 vs TPE:2888: 0.59

A closely related ratio is called PB Ratio. As of today, Shin Kong Financial Holding Co's share price is NT$9.04. Shin Kong Financial Holding Co's Book Value per Sharefor the quarter that ended in Dec. 2023 was NT$15.67. Hence, Shin Kong Financial Holding Co's P/B Ratio of today is 0.58.

Shin Kong Financial Holding Co Price-to-Tangible-Book Historical Data

The historical data trend for Shin Kong Financial Holding 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.

Shin Kong Financial Holding Co Price-to-Tangible-Book Chart

Shin Kong Financial Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

0.56

0.49

0.60

0.66

0.57

Shin Kong Financial Holding Co 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															0.66	0.60	0.60	0.64	0.57

Competitive Comparison of Shin Kong Financial Holding Co's Price-to-Tangible-Book

For the Insurance - Life subindustry, Shin Kong Financial Holding 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.

Shin Kong Financial Holding Co's Price-to-Tangible-Book Distribution in the Insurance Industry

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

* The bar in red indicates where Shin Kong Financial Holding Co's Price-to-Tangible-Book falls into.

Shin Kong Financial Holding Co Price-to-Tangible-Book Calculation

Shin Kong Financial Holding 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 )
	=	9.04	/	15.42
	=	0.59

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.

Shin Kong Financial Holding Co Price-to-Tangible-Book Related Terms

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

Shin Kong Financial Holding Co (TPE:2888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Shin Kong Financial Holding Co Ltd (TPE:2888) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

2888B.PFD:Taiwan 2888A.PFD:Taiwan

Address

No. 66 Chung-Hsiao West Road, Section 1, 38th Floor, Taipei, TWN

Website

https://www.skfh.com.tw

Shin Kong Financial Holding Co Ltd is a Taiwanese financial services company, mainly offering insurance and banking. Its subsidiaries offer life insurance, banking, asset management, securities, property insurance agency, and venture capital. The company is engaged in other various nonfinancial operations: natural gas and telecommunication services; construction, leasing, sale, and management of high-end residential, office, and commercial properties; production of high-quality textiles; and healthcare. Its segment comprises Insurance; Banking; Securities; and Others out of which the Insurance segment derives the majority of revenue.

Shin Kong Financial Holding Co (TPE:2888) Headlines

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