Mirae Asset Life Insurance Co Ltd
KRX:085620

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Mirae Asset Life Insurance Co Ltd Logo
Mirae Asset Life Insurance Co Ltd
KRX:085620
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Price: 17 300 KRW 0.46% Market Closed
Market Cap: ₩2.3T

P/B

0.9
Current
244%
More Expensive
vs 3-y average of 0.3

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
0.9
=
Market Cap
₩2.3T
/
Total Equity
₩2.4T

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
0.9
=
Market Cap
₩2.3T
/
Total Equity
₩2.4T

Valuation Scenarios

Mirae Asset Life Insurance Co Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (0.3), the stock would be worth ₩5 032.39 (71% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-71%
Maximum Upside
+22%
Average Downside
38%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 0.9 ₩17 300
0%
3-Year Average 0.3 ₩5 032.39
-71%
5-Year Average 0.3 ₩4 980.23
-71%
Industry Average 0.6 ₩11 983.96
-31%
Country Average 1.1 ₩21 044.59
+22%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close

Market Distribution

In line with most companies in Korea
Percentile
42nd
Based on 1 345 companies
42nd percentile
0.9
Low
0.1 — 0.7
Typical Range
0.7 — 2.3
High
2.3 —
Distribution Statistics
Korea
Min 0.1
30th Percentile 0.7
Median 1.1
70th Percentile 2.3
Max 2 461.2

Other Multiples

Mirae Asset Life Insurance Co Ltd
Glance View

Market Cap
2.3T KRW
Industry
Insurance

MIRAE ASSET Life Insurance Co., Ltd. engages in the provision life and health insurance and financial consulting services. The company is headquartered in Seoul, Seoul. The company went IPO on 2015-07-08. The firm provides life insurance, death insurance, life and death mixed insurance, children's health Insurance, endowment insurance, accident insurance, critical Illness insurance, group insurance, retirement annuity and others. The company also provides unsecured loans, fund sales, financial consulting and other financial services.

Intrinsic Value
10 663.54 KRW
Overvaluation 38%
Intrinsic Value
Price ₩17 300
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