People's Insurance of China Ltd (601319) Fair Value & Analysis
Financial Services · CN · Market cap 312B CNY (≈ $46.6B) · ISIN CNE100003F27
What is People's Insurance of China Ltd really worth?
A solid business, trading 31% below our fair value of ¥11.61.
Strengths
Risks
For context
Fair value as of: Aug 30, 2026
From 6 valuation models · updated 6 days ago
Share price +11.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (¥8.71). The market is more pessimistic than our downside scenario.
- Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 30, 2026.
How to read this chart
60‑month range ¥4.00 – ¥9.93 · fair‑value band ¥8.71 – ¥14.52 · the ¥7.99 price screens below the ¥11.61 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 30, 2026.
Analysis
People's Insurance of China Ltd (601319) currently trades at ¥7.99, while our model-based Fair Value estimate is ¥11.61, implying the stock looks roughly 31.2% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Financial Services sector. Bull case: the Multiples group reads highest at a median of ¥12.19 per share, and 4 of the 6 models we run sit above the ¥7.99 price. Bear case: the Asset-Based group reads lowest at ¥5.83, and 2 of the 6 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, People's Insurance of China Ltd generated revenue of 617B CNY at a net margin of 6.8%. Revenue declined 4.4% year over year. It earns a return on equity of 14.0%. Net debt stands at 185B CNY. Fundamentals as of Aug 30, 2026
Our scenario range runs from ¥8.71 (bear case) to ¥14.52 (bull case); at ¥7.99, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 22% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −26% fair-value upside, at 45%, 601319 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.5278 per share, which is 4.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 6 models by family
Widest divergence: Multiples (¥12.19) versus Asset-Based (¥5.83). Highest evidence: DDM Multi-Stage (66).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 30, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 52 · Market factors (momentum, volatility) 49
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
The People's Insurance Company (Group) of China Limited, an investment holding company, offers insurance products and services in the People's Republic of China and Hong Kong. It operates through Property Insurance, Life Insurance, Health Insurance, Asset Management, and Headquarters and Other segments.
Full company description
The People's Insurance Company (Group) of China Limited, an investment holding company, offers insurance products and services in the People's Republic of China and Hong Kong. It operates through Property Insurance, Life Insurance, Health Insurance, Asset Management, and Headquarters and Other segments. The company provides motor vehicle, agricultural, accidental injury and health, liability, corporate property, and other insurances; life insurance products, including general, participating, and universal life; health, and accident insurance products; and health insurance products, such as medical, participating endowment, sickness, nursing, accidental injury, and disability income loss insurance products. It is also involved in asset management and other business; reinsurance business; internet banking; and provision of research and development, operations and maintenance, and technology services. The company was founded in 1949 and is based in Beijing, the People's Republic of China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
People's Insurance of China Ltd reported revenue of 656B CNY in FY2025 versus 592B CNY in FY2021, a compound +2.6%/yr. Reported net income was 46.6B CNY in FY2025, compounding +21.4%/yr from FY2021.
of which total revenue +4.5 % · buybacks/dilution −0.5 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Insurance - Property & Casualty · 117 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Insurance - Property & Casualty median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Insurance - Property & Casualty stocks, each showing price versus our Fair Value estimate (as of Aug 30, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| The Progressive Corporation PGR | $217.65 | $160.25 | −26% |
| Chubb Limited CB | $338.31 | $234.73 | −31% |
| The Travelers Companies, Inc TRV | $369.90 | $274.42 | −26% |
| The Allstate Corporation ALL | $260.58 | $316.11 | +21% |
| PICC Property and Casualty Company 2328 | HK$15.25 | HK$22.27 | +46% |
| Intact Financial Corporation IFC | C$274.14 | C$167.46 | −39% |
| Fairfax Financial Holdings FFH | C$2,281 | C$2,926 | +28% |
| QBE Insurance Group QBE | A$22.62 | A$14.20 | −37% |
| Cincinnati Financial Corporation CINF | $171.97 | $166.34 | −3% |
| W. R. Berkley Corporation WRB | $69.50 | $47.08 | −32% |
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