Australian Finance GroupASX:AFG -2.65%64 PB Ratio is 1.94 as of Jul. 09, 2026, which is 33% below its 10-year median of 2.88. GuruFocus rates ASX:AFG with a GF Score™ of 64/100 and a GF Value™ of A$2.96 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,516 Banks companies, Australian Finance Group ranks worse than 88.39% on this metric.
Australian Finance Group Ltd stock PB Ratio (=1.94) is close to 10-year low of 1.87.
The historical rank and industry rank for Australian Finance Group's PB Ratio or its related term are showing as below:
ASX:AFG'
s PB Ratio Range Over the Past 10 Years
Min: 1.87 Med: 2.88 Max: 6.23
Current: 1.94
During the past 11 years, Australian Finance Group's highest PB Ratio was 6.23. The lowest was 1.87. And the median was 2.88.
ASX:AFG's PB Ratio is ranked worse than 88.39% of 1516
companies
in the Banks industry
Industry Median: 1.09
vs ASX:AFG: 1.94
During the past 12 months, Australian Finance Group's average Book Value Per Share Growth Rate was 8.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.80% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Australian Finance Group was 21.40% per year. The lowest was -1.70% per year. And the median was 7.55% per year.
Back to Basics: PB Ratio
Australian Finance Group (ASX:AFG) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* 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.
For the Mortgage Finance subindustry, Australian Finance Group's PB Ratio, along with its competitors' market caps and PB Ratio 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.
Australian Finance Group PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Australian Finance Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Australian Finance Group's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Australian Finance Group (ASX:AFG) has a PB Ratio of 1.94 as of Jul. 09, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Australian Finance Group and its competitors. This is 33% below median its historical median of 2.88. Over the past decade, Australian Finance Group's PB Ratio has ranged from 1.87 to 6.23. According to the industry distribution chart, Australian Finance Group ranks #1340 out of 1516 companies in the Banks industry, placing it in the top 88.4%.
Is Australian Finance Group's PB Ratio too high?
Australian Finance Group's current PB Ratio of 1.94 is 33% below median its 10-year median of 2.88. Over the past 10 years, this metric has ranged from a low of 1.87 to a high of 6.23. The Banks industry median PB Ratio is 1.09. Australian Finance Group's value of 1.94 is 78% above this industry median. Based on the distribution chart, Australian Finance Group ranks #1340 out of 1516 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Australian Finance Group has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Australian Finance Group's PB Ratio compare to RKT and FNMA?
According to the Banks industry distribution chart, Australian Finance Group ranks #1340 out of 1516 companies for PB Ratio. This places Australian Finance Group in the lower half of its industry. The industry median PB Ratio is 1.09. Australian Finance Group's value of 1.94 is 78% above this benchmark. Historically, Australian Finance Group's own PB Ratio has ranged from 1.87 to 6.23 over the past decade. While the company's 10-year median is 2.88 vs. the industry median of 1.09, Australian Finance Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Banks company?
The median PB Ratio among Banks companies is 1.09, based on 1,516 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Australian Finance Group's current PB Ratio of 1.94 is 78% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Australian Finance Group and its competitors. For the Banks industry, the median PB Ratio is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Australian Finance Group's current PB Ratio is 1.94, which is 33% below median its own 10-year median of 2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Australian Finance Group stock overvalued right now?
Based on GuruFocus' analysis, Australian Finance Group (ASX:AFG) is currently considered Significantly Undervalued. The stock's GF Value™ is A$2.96, compared to a current price of A$1.65 — trading 44.3% below its estimated fair value. The current PB Ratio is 1.94, which is 33% below median its 10-year median of 2.88 and 78% above the Banks industry median of 1.09. Australian Finance Group's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Australian Finance Group (ASX:AFG), the current PB Ratio is 1.94 as of Jul. 09, 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 Australian Finance Group (ASX:AFG) Overvalued in 2026?
Based on GuruFocus' analysis, Australian Finance Group stock appears to be undervalued.
The current stock price of A$1.65 is trading 44.3% below its estimated GF Value™ of A$2.96.
GuruFocus considers Australian Finance Group to be Significantly Undervalued.
Key valuation signals for ASX:AFG:
PB Ratio: 1.94 (33% below median its 10-year median of 2.88)
GF Value™: A$2.96 vs. price of A$1.65 (44.3% below fair value)
Industry Position: 78% above the Banks median (#1340 of 1516)
No single metric tells the full story. See the ASX:AFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Australian Finance Group Ltd is engaged in mortgage origination and management of home loans and commercial loans. It also distributes its own branded home loan products including traditional mortgage management products, white label. The company's segment includes Distribution, Manufacturing and Central. It generates maximum revenue from the Distribution segment.
64GF Score
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