HDFC LIFE INSURANCE COMPANY
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The Current P/B Ratio of HDFC LIFE INSURANCE COMPANY is 0.34.
Share Price | ₹718.8 | Oct 31,2024 |
Market Cap | ₹154,700.1 Cr | |
Book Value | ₹455,134.0 Cr | Mar2024 - Consolidated Results |
Price/Book | 0.34x | Calculated as MarketCap/Book Value |
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Definition & Calculation of PB (Price/Book ) ratio of HDFC 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 [ ₹154,700.1 Cr] as on Oct 31,2024
(/) Book Value [ ₹455,134.0 Cr] based on Mar2024 - Consolidated Results
(=) P/B Ratio [ 0.34x ]
Thus, for HDFC LIFE INSURANCE COMPANY , the investors are currently willing to pay '0.34 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 HDFC LIFE INSURANCE COMPANY !
The chart below summarizes the trend in P/B Ratio of HDFC LIFE INSURANCE COMPANY over the last five years.
Historical PB (Price/Book ) ratio chart of HDFC LIFE INSURANCE COMPANY
PB Ratio Performance Analysis for HDFC LIFE INSURANCE COMPANY
- HDFC LIFE INSURANCE COMPANY 's p/b ratio for fiscal years ending Mar2024 to Mar2020 averaged 10.92x.
- HDFC LIFE INSURANCE COMPANY 's operated at median p/b ratio of 9.58x from fiscal years ending March 2018 to 2022.
- Looking back at the last 5 fiscal years, HDFC LIFE INSURANCE COMPANY 's p/b ratio peaked in Mar2021 at 16.68x.
- HDFC LIFE INSURANCE COMPANY 's p/b ratio hit its five-year low in Mar2022 of 7.32x.
How does HDFC 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 |
---|---|---|---|
HDFC LIFE INSURANCE COMPANY | 455,134.00 | 0.34 | 154,700.1 |
LIFE INSURANCE CORPORATION OF INDIA | 37,691.60 | 15.48 | 583,544.0 |
SBI LIFE INSURANCE COMPANY LTD | 14,591.50 | 11.14 | 162,607.0 |
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LTD | 254,774.00 | 0.42 | 107,039.0 |
ICICI LOMBARD GENERAL INSURANCE COMPANY LTD | 236,082.00 | 0.40 | 94,955.7 |
GENERAL INSURANCE CORPORATION OF INDIA | 41,934.80 | 1.54 | 64,684.7 |
THE NEW INDIA ASSURANCE COMPANY LTD | 879.64 | 36.70 | 32,284.3 |
STAR HEALTH AND ALLIED INSURANCE COMPANY LTD | 655.99 | 45.00 | 29,517.9 |
Insurance Industry Benchmark (Top 10) PB Analysis vs HDFC LIFE INSURANCE COMPANY 's P/B Ratio
Top 10 Industry Peers | PB Ratio |
---|---|
Min industry PB | 0.34x |
Max industry PB | 45.00x |
Median industry PB | 11.14x |
Average industry PB | 13.88x |
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