SBI LIFE INSURANCE COMPANY
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The Current P/B Ratio of SBI LIFE INSURANCE COMPANY is 11.04.
Share Price | ₹1,608.6 | Nov 04,2024 |
Market Cap | ₹161,160.6 Cr | |
Book Value | ₹14,591.5 Cr | Mar2024 - Standalone Results |
Price/Book | 11.04x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of SBI LIFE INSURANCE COMPANY
P/B =
Market Capitalization
/ Book Value
or, using per-share numbers:
P/B = Stock Price /
Book Value Per Share
Current Market Cap [ ₹161,160.6 Cr] as on Nov 04,2024
(/) Book Value [ ₹14,591.5 Cr] based on Mar2024 - Standalone Results
(=) P/B Ratio [ 11.04x ]
Thus, for SBI LIFE INSURANCE COMPANY , the investors are currently willing to pay '11.04 times book value' to own 1 share of the company.
PB Multiples are one of the most widely used valuation multiple in industry.
Since P/B ratio uses Book Value in the calculation, P/B multiples are not always reliable for valuing companies with negative book value.
In such cases, you may consider using Price to Earnings ratio or Price to Sales ratio of SBI LIFE INSURANCE COMPANY !
The chart below summarizes the trend in P/B Ratio of SBI LIFE INSURANCE COMPANY over the last five years.
Historical PB (Price/Book ) ratio chart of SBI LIFE INSURANCE COMPANY
PB Ratio Performance Analysis for SBI LIFE INSURANCE COMPANY
- SBI LIFE INSURANCE COMPANY 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 8.91x.
- SBI LIFE INSURANCE COMPANY 's operated at median p/b ratio of 8.73x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, SBI LIFE INSURANCE COMPANY 's p/b ratio peaked in Mar2024 at 10.28x.
- SBI LIFE INSURANCE COMPANY 's p/b ratio hit its five-year low in Mar2020 of 7.22x.
How does SBI LIFE INSURANCE COMPANY 's P/B Ratio benchmark against top 10 peers in Insurance Industry?
Peer Comparison (Insurance Industry) | Book Value | PB Ratio | Market Cap |
---|---|---|---|
SBI LIFE INSURANCE COMPANY | 14,591.50 | 11.04 | 161,160.6 |
LIFE INSURANCE CORPORATION OF INDIA | 37,691.60 | 15.51 | 584,778.0 |
HDFC LIFE INSURANCE COMPANY LTD | 455,134.00 | 0.34 | 152,991.0 |
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD | 254,774.00 | 0.42 | 106,324.0 |
ICICI LOMBARD GENERAL INSURANCE COMPANY LTD | 236,082.00 | 0.39 | 92,652.4 |
GENERAL INSURANCE CORPORATION OF INDIA | 41,934.80 | 1.52 | 63,746.1 |
THE NEW INDIA ASSURANCE COMPANY LTD | 879.64 | 35.54 | 31,262.6 |
STAR HEALTH AND ALLIED INSURANCE COMPANY LTD | 655.99 | 43.76 | 28,708.0 |
Insurance Industry Benchmark (Top 10) PB Analysis vs SBI LIFE INSURANCE COMPANY 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 0.34x |
Max industry PB | 43.76x |
Median industry PB | 11.04x |
Average industry PB | 13.57x |
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