New China Life Insurance (601336.SS)

P/B ratio as of November 2024 : 1.55

According to New China Life Insurance 's latest financial reports the company has a price-to-book ratio of 1.22536.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

New China Life Insurance - P/B ratio (from 2011 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	0.7510	-7.41%
2022-12-31	0.8111	-10.83%
2021-12-31	0.9096	-37.11%
2020-12-31	1.45	-8.57%
2019-12-31	1.58	-10.8%
2018-12-31	1.77	-41.07%
2017-12-31	3.01	43.23%
2016-12-31	2.10	-11.33%
2015-12-31	2.37	-15.56%
2014-12-31	2.81	60.56%
2013-12-31	1.75	-25.89%
2012-12-31	2.36	-6.99%
2011-12-31	2.54
2010-12-31	N/A

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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New China Life Insurance (601336.SS) - P/B ratio