This valuation method assumes that the stock valuation will revert to its historical (10-Year) median in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
The historical rank and industry rank for National Bank Holdings's Median PS Value or its related term are showing as below:
FRA:NB9'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.64 Med: 0.92 Max: 1.07
Current: 1.05
During the past 13 years, the highest Price to Median PS Value of National Bank Holdings was 1.07. The lowest was 0.64. And the median was 0.92.
FRA:NB9's Price-to-Median-PS-Value is ranked better than 56.95% of 1043
companies
in the Banks industry
Industry Median: 1.11
vs FRA:NB9: 1.05
National Bank Holdings (FRA:NB9) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
National Bank Holdings's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
38.00
/
36.03
=
1.05
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
National Bank Holdings Median PS Value Related Terms
National Bank Holdings Median PS Value Historical Data
* Premium members only.
The historical data trend for National Bank Holdings's Median PS Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:NB9 vs STEL, OFG, SRCE: Median PS Value Comparison
For the Banks - Regional subindustry, National Bank Holdings's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
National Bank Holdings Price-to-Median-PS-Value vs Banks Industry
For the Banks industry and Financial Services sector, National Bank Holdings's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where National Bank Holdings's Price-to-Median-PS-Value falls into.
10-Year Median PS Ratio is 3.8171.
National Bank Holdings's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €9.439.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
National Bank Holdings (FRA:NB9) has a Median PS Value of €36.03 as of Jun. 28, 2026. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on National Bank Holdings and its competitors. This is 3816% above median its historical median of 0.92. Over the past decade, National Bank Holdings' Median PS Value has ranged from 0.64 to 1.07. According to the industry distribution chart, National Bank Holdings ranks #449 out of 1043 companies in the Banks industry, placing it in the top 43%.
Is National Bank Holdings' Median PS Value too high?
National Bank Holdings' current Median PS Value of €36.03 is 3816% above median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 1.07. Based on the distribution chart, National Bank Holdings ranks #449 out of 1043 companies in the Banks industry, which is above the industry midpoint. Overall, National Bank Holdings has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does National Bank Holdings' Median PS Value compare to STEL and OFG?
According to the Banks industry distribution chart, National Bank Holdings ranks #449 out of 1043 companies for Median PS Value. This puts National Bank Holdings in the upper half of its industry. The industry median Median PS Value is 1.11. Historically, National Bank Holdings' own Median PS Value has ranged from 0.64 to 1.07 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Median PS Value for a Banks company?
The median Median PS Value among Banks companies is 1.11, based on 1,043 companies in the industry. Companies in the top quartile (top 25%) have a Median PS Value significantly above this median, while those in the bottom quartile fall well below. However, Median PS Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Median PS Value mean?
A high Median PS Value can signal that a stock is expensive relative to its fundamentals. Median price-sales value is the stock value based on a company's 10-year median price-sales ratio, View historical data on National Bank Holdings and its competitors. For the Banks industry, the median Median PS Value is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Bank Holdings's current Median PS Value is €36.03, which is 3816% above median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank Holdings stock overvalued right now?
National Bank Holdings (FRA:NB9) has a current Median PS Value of €36.03. The stock's GF Value™ is €33.58, compared to a current price of €38.00 — trading 13.2% above its estimated fair value. The current Median PS Value is €36.03, which is 3816% above median its 10-year median of 0.92. National Bank Holdings' overall GF Score™ is 62/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Median PS Value calculated?
Median PS Value is calculated from a company's financial statements. For National Bank Holdings (FRA:NB9), the current Median PS Value is €36.03 as of Jun. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is National Bank Holdings (FRA:NB9) Overvalued in 2026?
Based on GuruFocus' analysis, National Bank Holdings stock appears to be overvalued.
The current stock price of €38.00 is trading 13.2% above its estimated GF Value™ of €33.58.
Key valuation signals for FRA:NB9:
Median PS Value: €36.03 (3816% above median its 10-year median of 0.92)
GF Value™: €33.58 vs. price of €38.00 (13.2% above fair value)
No single metric tells the full story. See the FRA:NB9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Bank Holdings Corp offers a full range of banking products and financial services to commercial, business, and consumer clients predominantly in Colorado, with a focus on personalized service through relationship managers and banking center associates. The company provides commercial and industrial loans, non-owner occupied commercial real estate loans, Small Business Administration loans as a Preferred Lender Provider, U.S. Department of Agriculture and Farm Service Agency loans, commercial deposit and treasury management products, business online and mobile banking, consumer and residential real estate loans, deposit services, and trust and wealth management services. Its services emphasize full-relationship banking, integrating lending, deposits, and cash management solutions.
62GF Score
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