What is First Business Financial Services PB Ratio?
First Business Financial ServicesFRA:45D 71 PB Ratio is 1.43 as of Jul. 12, 2026, which is 24% above its 10-year median of 1.15. GuruFocus rates FRA:45D with a GF Score™ of 71/100 and a GF Value™ of €45.17 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,515 Banks companies, First Business Financial Services ranks worse than 73.53% on this metric.
FRA:45D'
s PB Ratio Range Over the Past 10 Years
Min: 0.58 Med: 1.15 Max: 1.45
Current: 1.44
During the past 13 years, First Business Financial Services's highest PB Ratio was 1.45. The lowest was 0.58. And the median was 1.15.
FRA:45D's PB Ratio is ranked worse than 73.53% of 1515
companies
in the Banks industry
Industry Median: 1.1
vs FRA:45D: 1.44
During the past 12 months, First Business Financial Services's average Book Value Per Share Growth Rate was 13.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 13.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of First Business Financial Services was 26.20% per year. The lowest was 3.20% per year. And the median was 9.15% per year.
Back to Basics: PB Ratio
First Business Financial Services (FRA:45D) 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.
First Business Financial Services PB Ratio Related Terms
First Business Financial Services PB Ratio Historical Data
* 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, First Business Financial Services'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.
First Business Financial Services PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, First Business Financial Services's PB Ratio distribution charts can be found below:
* The bar in red indicates where First Business Financial Services's PB Ratio falls into.
First Business Financial Services 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.
* 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.
First Business Financial Services (FRA:45D) has a PB Ratio of 1.43 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on First Business Financial Services and its competitors. This is 24% above median its historical median of 1.15. Over the past decade, First Business Financial Services' PB Ratio has ranged from 0.58 to 1.45. According to the industry distribution chart, First Business Financial Services ranks #1114 out of 1515 companies in the Banks industry, placing it in the top 73.5%.
Is First Business Financial Services' PB Ratio too high?
First Business Financial Services' current PB Ratio of 1.43 is 24% above median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 1.45. The Banks industry median PB Ratio is 1.10. First Business Financial Services' value of 1.43 is 30% above this industry median. Based on the distribution chart, First Business Financial Services ranks #1114 out of 1515 companies in the Banks industry, which is below the industry midpoint. Overall, First Business Financial Services has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Business Financial Services' PB Ratio compare to WCCB and BSRR?
According to the Banks industry distribution chart, First Business Financial Services ranks #1114 out of 1515 companies for PB Ratio. This places First Business Financial Services in the lower half of its industry. The industry median PB Ratio is 1.10. First Business Financial Services' value of 1.43 is 30% above this benchmark. Historically, First Business Financial Services' own PB Ratio has ranged from 0.58 to 1.45 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 1.10, First Business Financial Services 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 1.10, based on 1,515 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. First Business Financial Services's current PB Ratio of 1.43 is 30% 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 First Business Financial Services and its competitors. For the Banks industry, the median PB Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Business Financial Services's current PB Ratio is 1.43, which is 24% above median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Business Financial Services stock overvalued right now?
Based on GuruFocus' analysis, First Business Financial Services (FRA:45D) is currently considered Modestly Overvalued. The stock's GF Value™ is €45.17, compared to a current price of €54.50 — trading 20.7% above its estimated fair value. The current PB Ratio is 1.43, which is 24% above median its 10-year median of 1.15 and 30% above the Banks industry median of 1.10. First Business Financial Services' overall GF Score™ is 71/100 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 First Business Financial Services (FRA:45D), the current PB Ratio is 1.43 as of Jul. 12, 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 First Business Financial Services (FRA:45D) Overvalued in 2026?
Based on GuruFocus' analysis, First Business Financial Services stock appears to be overvalued.
The current stock price of €54.50 is trading 20.7% above its estimated GF Value™ of €45.17.
GuruFocus considers First Business Financial Services to be Modestly Overvalued.
Key valuation signals for FRA:45D:
PB Ratio: 1.43 (24% above median its 10-year median of 1.15)
GF Value™: €45.17 vs. price of €54.50 (20.7% above fair value)
Industry Position: 30% above the Banks median (#1114 of 1515)
No single metric tells the full story. See the FRA:45D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Business Financial Services Business Description
First Business Financial Services Inc operates as a bank holding company. The Bank operates as a business bank, delivering a full line of commercial banking products, including commercial loans and commercial real estate loans, to meet the specific needs of small and medium-sized businesses, business owners, executives, professionals, and high-net-worth individuals. The company's products and services include commercial lending, SBA lending and servicing, asset-based lending, equipment financing, factoring, trust, and investment services, treasury management services, and a broad range of deposit products. Geographically, all the business activity functioned through the region of the United States.
71GF Score
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