Proassurance Stock Price To Book
| PRA Stock | USD 13.83 0.01 0.07% |
ProAssurance fundamentals help investors to digest information that contributes to ProAssurance's financial success or failures. It also enables traders to predict the movement of ProAssurance Stock. The fundamental analysis module provides a way to measure ProAssurance's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ProAssurance stock.
As of May 7, 2024, Price To Book Ratio is expected to decline to 0.62. ProAssurance | Price To Book |
ProAssurance Company Price To Book Analysis
ProAssurance's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current ProAssurance Price To Book | 0.61 X |
Most of ProAssurance's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ProAssurance is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
ProAssurance Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for ProAssurance is extremely important. It helps to project a fair market value of ProAssurance Stock properly, considering its historical fundamentals such as Price To Book. Since ProAssurance's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ProAssurance's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ProAssurance's interrelated accounts and indicators.
Click cells to compare fundamentals
ProAssurance Price To Book Historical Pattern
Today, most investors in ProAssurance Stock are looking for potential investment opportunities by analyzing not only static indicators but also various ProAssurance's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's price to book growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of ProAssurance price to book as a starting point in their analysis.
ProAssurance Price To Book |
| Timeline |
Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
| Competition |
ProAssurance Book Value Per Share
Book Value Per Share |
|
Based on the latest financial disclosure, ProAssurance has a Price To Book of 0.6078 times. This is 86.73% lower than that of the Insurance sector and significantly higher than that of the Financials industry. The price to book for all United States stocks is 93.61% higher than that of the company.
ProAssurance Price To Book Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ProAssurance's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ProAssurance could also be used in its relative valuation, which is a method of valuing ProAssurance by comparing valuation metrics of similar companies.ProAssurance is currently under evaluation in price to book category among related companies.
ProAssurance Fundamentals
| Return On Equity | -0.0348 | ||||
| Return On Asset | 0.0036 | ||||
| Profit Margin | (0.03) % | ||||
| Operating Margin | 0.07 % | ||||
| Current Valuation | 643.55 M | ||||
| Shares Outstanding | 54.07 M | ||||
| Shares Owned By Insiders | 1.11 % | ||||
| Shares Owned By Institutions | 82.11 % | ||||
| Number Of Shares Shorted | 619.07 K | ||||
| Price To Earning | 26.68 X | ||||
| Price To Book | 0.61 X | ||||
| Price To Sales | 0.59 X | ||||
| Revenue | 1.14 B | ||||
| Gross Profit | 196.75 M | ||||
| EBITDA | (36.98 M) | ||||
| Net Income | (38.6 M) | ||||
| Cash And Equivalents | 29.96 M | ||||
| Cash Per Share | 7.52 X | ||||
| Total Debt | 444.31 M | ||||
| Debt To Equity | 0.38 % | ||||
| Current Ratio | 2.44 X | ||||
| Book Value Per Share | 21.82 X | ||||
| Cash Flow From Operations | (49.88 M) | ||||
| Short Ratio | 1.85 X | ||||
| Earnings Per Share | (0.73) X | ||||
| Price To Earnings To Growth | 1.02 X | ||||
| Target Price | 16.25 | ||||
| Number Of Employees | 1.09 K | ||||
| Beta | 0.24 | ||||
| Market Capitalization | 747.23 M | ||||
| Total Asset | 5.16 B | ||||
| Retained Earnings | 1.38 B | ||||
| Five Year Return | 2.74 % | ||||
| Net Asset | 5.16 B | ||||
| Last Dividend Paid | 0.05 |
About ProAssurance Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze ProAssurance's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ProAssurance using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ProAssurance based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as ProAssurance using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out ProAssurance Piotroski F Score and ProAssurance Altman Z Score analysis. For information on how to trade ProAssurance Stock refer to our How to Trade ProAssurance Stock guide.You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Complementary Tools for ProAssurance Stock analysis
When running ProAssurance's price analysis, check to measure ProAssurance's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ProAssurance is operating at the current time. Most of ProAssurance's value examination focuses on studying past and present price action to predict the probability of ProAssurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ProAssurance's price. Additionally, you may evaluate how the addition of ProAssurance to your portfolios can decrease your overall portfolio volatility.
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years |
Is ProAssurance's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ProAssurance. If investors know ProAssurance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ProAssurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.52) | Earnings Share (0.73) | Revenue Per Share 21.66 | Quarterly Revenue Growth 0.025 | Return On Assets 0.0036 |
The market value of ProAssurance is measured differently than its book value, which is the value of ProAssurance that is recorded on the company's balance sheet. Investors also form their own opinion of ProAssurance's value that differs from its market value or its book value, called intrinsic value, which is ProAssurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ProAssurance's market value can be influenced by many factors that don't directly affect ProAssurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ProAssurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if ProAssurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ProAssurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.