Rai Way SpAFRA:4RW -0.85%86 PB Ratio is 5.84 as of Jul. 08, 2026, which is 27% below its 10-year median of 8.01. GuruFocus rates FRA:4RW with a GF Score™ of 86/100 and a GF Value™ of €5.61 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,720 Construction companies, Rai Way SpA ranks worse than 89.59% 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 (2026-07-08), Rai Way SpA's share price is €4.645. Rai Way SpA's Book Value per Share for the quarter that ended in Mar. 2026 was €0.80. Hence, Rai Way SpA's PB Ratio of today is 5.84.
Good Sign:
Rai Way SpA stock PB Ratio (=6.01) is close to 5-year low of 6.01.
The historical rank and industry rank for Rai Way SpA's PB Ratio or its related term are showing as below:
FRA:4RW'
s PB Ratio Range Over the Past 10 Years
Min: 5.3 Med: 8.01 Max: 11.14
Current: 5.95
During the past 13 years, Rai Way SpA's highest PB Ratio was 11.14. The lowest was 5.30. And the median was 8.01.
FRA:4RW's PB Ratio is ranked worse than 89.59% of 1720
companies
in the Construction industry
Industry Median: 1.33
vs FRA:4RW: 5.95
During the past 12 months, Rai Way SpA's average Book Value Per Share Growth Rate was -0.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Rai Way SpA was 5.10% per year. The lowest was -61.50% per year. And the median was 2.90% per year.
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.
Rai Way SpA PB Ratio Related Terms
Rai Way SpA PB Ratio Historical Data
* Premium members only.
The historical data trend for Rai Way SpA'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.
For the Engineering & Construction subindustry, Rai Way SpA'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.
Rai Way SpA PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, Rai Way SpA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Rai Way SpA'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.
Rai Way SpA's PB Ratio for today is calculated as follows:
* 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.
Rai Way SpA (FRA:4RW) has a PB Ratio of 5.84 as of Jul. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Rai Way SpA and its competitors. This is 27% below median its historical median of 8.01. Over the past decade, Rai Way SpA's PB Ratio has ranged from 5.30 to 11.14. According to the industry distribution chart, Rai Way SpA ranks #1541 out of 1720 companies in the Construction industry, placing it in the top 89.6%.
Is Rai Way SpA's PB Ratio too high?
Rai Way SpA's current PB Ratio of 5.84 is 27% below median its 10-year median of 8.01. Over the past 10 years, this metric has ranged from a low of 5.30 to a high of 11.14. The Construction industry median PB Ratio is 1.33. Rai Way SpA's value of 5.84 is 339.1% above this industry median. Based on the distribution chart, Rai Way SpA ranks #1541 out of 1720 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Rai Way SpA has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rai Way SpA's PB Ratio compare to PWR and FIX?
According to the Construction industry distribution chart, Rai Way SpA ranks #1541 out of 1720 companies for PB Ratio. This places Rai Way SpA in the lower half of its industry. The industry median PB Ratio is 1.33. Rai Way SpA's value of 5.84 is 339.1% above this benchmark. Historically, Rai Way SpA's own PB Ratio has ranged from 5.30 to 11.14 over the past decade. While the company's 10-year median is 8.01 vs. the industry median of 1.33, Rai Way SpA 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 Construction company?
The median PB Ratio among Construction companies is 1.33, based on 1,720 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. Rai Way SpA's current PB Ratio of 5.84 is 339.1% 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 Rai Way SpA and its competitors. For the Construction industry, the median PB Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rai Way SpA's current PB Ratio is 5.84, which is 27% below median its own 10-year median of 8.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rai Way SpA stock overvalued right now?
Based on GuruFocus' analysis, Rai Way SpA (FRA:4RW) is currently considered Modestly Undervalued. The stock's GF Value™ is €5.61, compared to a current price of €4.65 — trading 17.2% below its estimated fair value. The current PB Ratio is 5.84, which is 27% below median its 10-year median of 8.01 and 339.1% above the Construction industry median of 1.33. Rai Way SpA's overall GF Score™ is 86/100 with 2 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 Rai Way SpA (FRA:4RW), the current PB Ratio is 5.84 as of Jul. 08, 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 Rai Way SpA (FRA:4RW) Overvalued in 2026?
Based on GuruFocus' analysis, Rai Way SpA stock appears to be undervalued.
The current stock price of €4.65 is trading 17.2% below its estimated GF Value™ of €5.61.
GuruFocus considers Rai Way SpA to be Modestly Undervalued.
Key valuation signals for FRA:4RW:
PB Ratio: 5.84 (27% below median its 10-year median of 8.01)
GF Value™: €5.61 vs. price of €4.65 (17.2% below fair value)
Industry Position: 339.1% above the Construction median (#1541 of 1720)
No single metric tells the full story. See the FRA:4RW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rai Way SpA is an Italy-based company which operates activity of signal transmission and a broadcasting network of RAI group. The services provided by the company include broadcasting services, transmission services, tower Rental Services and network Services. The company serves its customer by providing implementation and management of the main broadcasting processes which include analog and digital, terrestrial and satellite, for audio, video and data signals, television signals through connecting network. The company allows its clients to have the availability of tower and civil infrastructures to install radio transmitters, planning, construction, installation, management of electronic and telecommunications networks. It provides services throughout Italy.
86GF Score
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