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Heartland Group HoldingsASX:HGH +2.49%47 PB Ratio is 0.97 as of Jul. 14, 2026, which is 18% below its 10-year median of 1.18. GuruFocus rates ASX:HGH with a GF Score™ of 47/100 and a GF Value™ of A$0.92 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,520 Banks companies, Heartland Group Holdings ranks better than 58.03% on this metric.
Heartland Group Holdings Ltd stock PB Ratio (=1) is close to 2-year high of 1.
The historical rank and industry rank for Heartland Group Holdings's PB Ratio or its related term are showing as below:
ASX:HGH'
s PB Ratio Range Over the Past 10 Years
Min: 0.55 Med: 1.18 Max: 1.96
Current: 1.05
During the past 13 years, Heartland Group Holdings's highest PB Ratio was 1.96. The lowest was 0.55. And the median was 1.18.
ASX:HGH's PB Ratio is ranked better than 58.03% of 1520
companies
in the Banks industry
Industry Median: 1.11
vs ASX:HGH: 1.05
During the past 12 months, Heartland Group Holdings's average Book Value Per Share Growth Rate was -4.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Heartland Group Holdings was 6.40% per year. The lowest was -0.90% per year. And the median was 3.20% per year.
Back to Basics: PB Ratio
Heartland Group Holdings (ASX:HGH) 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 Banks - Regional subindustry, Heartland Group Holdings'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.
Heartland Group Holdings PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Heartland Group Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Heartland Group Holdings'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.
Heartland Group Holdings (ASX:HGH) has a PB Ratio of 0.97 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Heartland Group Holdings and its competitors. This is 18% below median its historical median of 1.18. Over the past decade, Heartland Group Holdings' PB Ratio has ranged from 0.55 to 1.96. According to the industry distribution chart, Heartland Group Holdings ranks #638 out of 1520 companies in the Banks industry, placing it in the top 42%.
Is Heartland Group Holdings' PB Ratio too high?
Heartland Group Holdings' current PB Ratio of 0.97 is 18% below median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 1.96. The Banks industry median PB Ratio is 1.11. Heartland Group Holdings' value of 0.97 is 12.6% below this industry median. Based on the distribution chart, Heartland Group Holdings ranks #638 out of 1520 companies in the Banks industry, which is above the industry midpoint. Overall, Heartland Group Holdings has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Heartland Group Holdings' PB Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Heartland Group Holdings ranks #638 out of 1520 companies for PB Ratio. This puts Heartland Group Holdings in the upper half of its industry. The industry median PB Ratio is 1.11. Heartland Group Holdings' value of 0.97 is 12.6% below this benchmark. Historically, Heartland Group Holdings' own PB Ratio has ranged from 0.55 to 1.96 over the past decade. While the company's 10-year median is 1.18 vs. the industry median of 1.11, Heartland Group Holdings has consistently been below 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 1.11, based on 1,520 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. Heartland Group Holdings's current PB Ratio of 0.97 is 12.6% below 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 Heartland Group Holdings and its competitors. For the Banks industry, the median PB Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heartland Group Holdings's current PB Ratio is 0.97, which is 18% below median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heartland Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Heartland Group Holdings (ASX:HGH) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.92, compared to a current price of A$1.03 — trading 12% above its estimated fair value. The current PB Ratio is 0.97, which is 18% below median its 10-year median of 1.18 and 12.6% below the Banks industry median of 1.11. Heartland Group Holdings' overall GF Score™ is 47/100 with 6 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 Heartland Group Holdings (ASX:HGH), the current PB Ratio is 0.97 as of Jul. 14, 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 Heartland Group Holdings (ASX:HGH) Overvalued in 2026?
Based on GuruFocus' analysis, Heartland Group Holdings stock appears to be overvalued.
The current stock price of A$1.03 is trading 12% above its estimated GF Value™ of A$0.92.
GuruFocus considers Heartland Group Holdings to be Modestly Overvalued.
Key valuation signals for ASX:HGH:
PB Ratio: 0.97 (18% below median its 10-year median of 1.18)
GF Value™: A$0.92 vs. price of A$1.03 (12% above fair value)
Industry Position: 12.6% below the Banks median (#638 of 1520)
No single metric tells the full story. See the ASX:HGH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heartland Group Holdings Ltd is engaged in the operation of the reverse mortgage. Geographically it operates in both New Zealand and Australia. It offers business loans, rural loans, home loans, car loans , personal lending services and others. Further, it is also involved in saving and deposits activity and also provides internet banking services.
47GF Score
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