Talanx AG (XTER:TLX) Price-to-Tangible-Book : 2.22 (As of May. 05, 2024)

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What is Talanx AG Price-to-Tangible-Book?

As of today (2024-05-05), Talanx AG's share price is €69.30. Talanx AG's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €31.19. Hence, Talanx AG's Price to Tangible Book Ratio of today is 2.22.

The historical rank and industry rank for Talanx AG's Price-to-Tangible-Book or its related term are showing as below:

XTER:TLX' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.95 Med: 1.21 Max: 2.22
Current: 2.22

During the past 13 years, Talanx AG's highest Price to Tangible Book Ratio was 2.22. The lowest was 0.95. And the median was 1.21.

XTER:TLX's Price-to-Tangible-Book is ranked worse than
72.43% of 457 companies
in the Insurance industry
Industry Median: 1.34 vs XTER:TLX: 2.22

A closely related ratio is called PB Ratio. As of today, Talanx AG's share price is €69.30. Talanx AG's Book Value per Sharefor the quarter that ended in Dec. 2023 was €40.46. Hence, Talanx AG's P/B Ratio of today is 1.71.

Talanx AG Price-to-Tangible-Book Historical Data

The historical data trend for Talanx AG'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.

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Talanx AG Price-to-Tangible-Book Chart

Talanx AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.37

0.95

1.49

1.57

2.07

Talanx AG 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															1.57	1.42	1.74	1.91	2.07

Competitive Comparison of Talanx AG's Price-to-Tangible-Book

For the Insurance - Diversified subindustry, Talanx AG'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.

Talanx AG's Price-to-Tangible-Book Distribution in the Insurance Industry

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

* The bar in red indicates where Talanx AG's Price-to-Tangible-Book falls into.

Talanx AG Price-to-Tangible-Book Calculation

Talanx AG's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	69.30	/	31.189
	=	2.22

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.

Talanx AG Price-to-Tangible-Book Related Terms

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

Talanx AG (XTER:TLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Talanx AG (XTER:TLX) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

0QA8:UK TLXd:UK TLX:Germany TLX:Germany TLX:Germany

Address

HDI-Platz 1, Hannover, NI, DEU, 30659

Website

https://www.talanx.com

Talanx is the third largest insurer in Germany. It sells insurance to businesses, personal lines insurance, and also reinsurance. The origins of Talanx go back to the early 1900s and the founding of two mutuals in Germany, HDI and FSV, that were set up to provide liability insurance to the German iron and steel industry, and fire insurance to the German mining industry because of a growing dissatisfaction with their insurance providers, respectively. These two mutuals merged to form Halfplichtverband der Deutschen Industrie, or HDI, in 1970. Over the years companies outside of metals and mining have joined the mutual.HDI started providing reinsurance services in the mid-1920s and private insurance in the 1950s, and today, HDI owns over three quarters of Talanx.

Executives

Sebastian Gascard

Supervisory Board

Talanx AG (XTER:TLX) Headlines

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