BHV (Blackrock Virginia Municipal Bond Trust) PB Ratio: 1.10 (As of Aug. 25, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BHV Blackrock Virginia Municipal Bond Trust BHV
33 GF Score
Price $12.65
! 5 Warning Signs
View Full Analysis

What is Blackrock Virginia Municipal Bond Trust PB Ratio?

Blackrock Virginia Municipal Bond Trust BHV +1.04% 33 PB Ratio is 1.10 as of Aug. 25, 2026, which is 8% above its 10-year median of 1.02. GuruFocus rates BHV with a GF Score™ of 33/100. The stock has 5 warning signs investors should review. Among 1,591 Asset Management companies, Blackrock Virginia Municipal Bond Trust ranks worse than 69.2% on this metric.

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. As of today (2026-08-25), Blackrock Virginia Municipal Bond Trust's share price is $12.65. Blackrock Virginia Municipal Bond Trust's Book Value per Share for the quarter that ended in Jan. 2026 was $11.53. Hence, Blackrock Virginia Municipal Bond Trust's PB Ratio of today is 1.10.

Warning Sign:

Blackrock Virginia Municipal Bond Trust stock PB Ratio (=1.09) is close to 3-year high of 1.17.

The historical rank and industry rank for Blackrock Virginia Municipal Bond Trust's PB Ratio or its related term are showing as below:

BHV' s PB Ratio Range Over the Past 10 Years
Min: 0.67   Med: 1.02   Max: 1.32
Current: 1.1

During the past 13 years, Blackrock Virginia Municipal Bond Trust's highest PB Ratio was 1.32. The lowest was 0.67. And the median was 1.02.

BHV's PB Ratio is ranked worse than
69.2% of 1591 companies
in the Asset Management industry
Industry Median: 0.95 vs BHV: 1.10

During the past 12 months, Blackrock Virginia Municipal Bond Trust's average Book Value Per Share Growth Rate was -5.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -11.40% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -7.30% 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 Blackrock Virginia Municipal Bond Trust was 5.70% per year. The lowest was -11.40% per year. And the median was -1.80% per year.

Back to Basics: PB Ratio


Blackrock Virginia Municipal Bond Trust  (NYSE:BHV) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Blackrock Virginia Municipal Bond Trust PB Ratio Related Terms


Blackrock Virginia Municipal Bond Trust PB Ratio Historical Data

* Premium members only.

The historical data trend for Blackrock Virginia Municipal Bond Trust's PB Ratio 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.

Blackrock Virginia Municipal Bond Trust PB Ratio Chart

Blackrock Virginia Municipal Bond Trust Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Jul23 Jul24 Jul25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.05 1.19 0.87 0.89 0.95

Blackrock Virginia Municipal Bond Trust Semi-Annual Data
Feb16 Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.86 0.89 0.90 0.95 0.92

BHV vs RCG, BCG, TETAA: PB Ratio Comparison

For the Asset Management subindustry, Blackrock Virginia Municipal Bond Trust'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.


Blackrock Virginia Municipal Bond Trust PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackrock Virginia Municipal Bond Trust's PB Ratio distribution charts can be found below:

* The bar in red indicates where Blackrock Virginia Municipal Bond Trust's PB Ratio falls into.


BHV
33GF Score
Blackrock Virginia Municipal Bond Trust BHV
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blackrock Virginia Municipal Bond Trust PB Ratio Calculation

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.

Blackrock Virginia Municipal Bond Trust's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jan. 2026)
=12.65/11.527
=1.10

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 1.10 mean?
Blackrock Virginia Municipal Bond Trust (BHV) has a PB Ratio of 1.10 as of Aug. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Blackrock Virginia Municipal Bond Trust and its competitors. This is near median its historical median of 1.02. Over the past decade, Blackrock Virginia Municipal Bond Trust's PB Ratio has ranged from 0.67 to 1.32. According to the industry distribution chart, Blackrock Virginia Municipal Bond Trust ranks #1101 out of 1591 companies in the Asset Management industry, placing it in the top 69.2%.
Is Blackrock Virginia Municipal Bond Trust's PB Ratio too high?
Blackrock Virginia Municipal Bond Trust's current PB Ratio of 1.10 is near median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 1.32. The Asset Management industry median PB Ratio is 0.95. Blackrock Virginia Municipal Bond Trust's value of 1.10 is 15.8% above this industry median. Based on the distribution chart, Blackrock Virginia Municipal Bond Trust ranks #1101 out of 1591 companies in the Asset Management industry, which is below the industry midpoint. Overall, Blackrock Virginia Municipal Bond Trust has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Blackrock Virginia Municipal Bond Trust's PB Ratio compare to RCG and BCG?
According to the Asset Management industry distribution chart, Blackrock Virginia Municipal Bond Trust ranks #1101 out of 1591 companies for PB Ratio. This places Blackrock Virginia Municipal Bond Trust in the lower half of its industry. The industry median PB Ratio is 0.95. Blackrock Virginia Municipal Bond Trust's value of 1.10 is 15.8% above this benchmark. Historically, Blackrock Virginia Municipal Bond Trust's own PB Ratio has ranged from 0.67 to 1.32 over the past decade. While the company's 10-year median is 1.02 vs. the industry median of 0.95, Blackrock Virginia Municipal Bond Trust 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 an Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,591 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. Blackrock Virginia Municipal Bond Trust's current PB Ratio of 1.10 is 15.8% 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 Blackrock Virginia Municipal Bond Trust and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackrock Virginia Municipal Bond Trust's current PB Ratio is 1.10, which is near median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackrock Virginia Municipal Bond Trust stock overvalued right now?
Blackrock Virginia Municipal Bond Trust (BHV) has a current PB Ratio of 1.10. The current PB Ratio is 1.10, which is near median its 10-year median of 1.02 and 15.8% above the Asset Management industry median of 0.95. Blackrock Virginia Municipal Bond Trust's overall GF Score™ is 33/100 with 5 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 Blackrock Virginia Municipal Bond Trust (BHV), the current PB Ratio is 1.10 as of Aug. 25, 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.

Blackrock Virginia Municipal Bond Trust Business Description

Address 100 Bellevue Parkway, Wilmington, DE, USA, 19809
Blackrock Virginia Municipal Bond Trust is a perpetual closed-end municipal bond fund. Its objective is to provide current income exempt from regular Federal income taxes and Virginia personal income taxes.
33GF Score

Get the complete analysis for BHV

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.65
Price