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First UnitedFRA:FU3 +1.08%69 PB Ratio is 1.36 as of Jul. 14, 2026, which is 36% above its 10-year median of 1.00. GuruFocus rates FRA:FU3 with a GF Score™ of 69/100 and a GF Value™ of €30.32. The stock has 6 warning signs investors should review. Among 1,520 Banks companies, First United ranks worse than 71.64% 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 (2026-07-14), First United's share price is €37.40. First United's Book Value per Share for the quarter that ended in Mar. 2026 was €27.54. Hence, First United's PB Ratio of today is 1.36.
Warning Sign:
First United Corp stock PB Ratio (=1.41) is close to 10-year high of 1.51.
The historical rank and industry rank for First United's PB Ratio or its related term are showing as below:
FRA:FU3'
s PB Ratio Range Over the Past 10 Years
Min: 0.56 Med: 1 Max: 1.51
Current: 1.41
During the past 13 years, First United's highest PB Ratio was 1.51. The lowest was 0.56. And the median was 1.00.
FRA:FU3's PB Ratio is ranked worse than 71.64% of 1520
companies
in the Banks industry
Industry Median: 1.11
vs FRA:FU3: 1.41
During the past 12 months, First United's average Book Value Per Share Growth Rate was 12.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of First United was 11.20% per year. The lowest was -14.40% per year. And the median was 5.80% 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.
First United PB Ratio Related Terms
First United PB Ratio Historical Data
* Premium members only.
The historical data trend for First United'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 Banks - Regional subindustry, First United'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 United PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, First United's PB Ratio distribution charts can be found below:
* The bar in red indicates where First United'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.
First United'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.
First United (FRA:FU3) has a PB Ratio of 1.36 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 First United and its competitors. This is 36% above median its historical median of 1.00. Over the past decade, First United's PB Ratio has ranged from 0.56 to 1.51. According to the industry distribution chart, First United ranks #1089 out of 1520 companies in the Banks industry, placing it in the top 71.6%.
Is First United's PB Ratio too high?
First United's current PB Ratio of 1.36 is 36% above median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.51. The Banks industry median PB Ratio is 1.11. First United's value of 1.36 is 22.5% above this industry median. Based on the distribution chart, First United ranks #1089 out of 1520 companies in the Banks industry, which is below the industry midpoint. Overall, First United has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does First United's PB Ratio compare to FNRN and NASB?
According to the Banks industry distribution chart, First United ranks #1089 out of 1520 companies for PB Ratio. This places First United in the lower half of its industry. The industry median PB Ratio is 1.11. First United's value of 1.36 is 22.5% above this benchmark. Historically, First United's own PB Ratio has ranged from 0.56 to 1.51 over the past decade. While the company's 10-year median is 1.00 vs. the industry median of 1.11, First United 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 1.11, 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. First United's current PB Ratio of 1.36 is 22.5% 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 United 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. First United's current PB Ratio is 1.36, which is 36% above median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First United stock overvalued right now?
First United (FRA:FU3) has a current PB Ratio of 1.36. The stock's GF Value™ is €30.32, compared to a current price of €37.40 — trading 23.4% above its estimated fair value. The current PB Ratio is 1.36, which is 36% above median its 10-year median of 1.00 and 22.5% above the Banks industry median of 1.11. First United's overall GF Score™ is 69/100 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 United (FRA:FU3), the current PB Ratio is 1.36 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 First United (FRA:FU3) Overvalued in 2026?
Based on GuruFocus' analysis, First United stock appears to be overvalued.
The current stock price of €37.40 is trading 23.4% above its estimated GF Value™ of €30.32.
Key valuation signals for FRA:FU3:
PB Ratio: 1.36 (36% above median its 10-year median of 1.00)
GF Value™: €30.32 vs. price of €37.40 (23.4% above fair value)
Industry Position: 22.5% above the Banks median (#1089 of 1520)
No single metric tells the full story. See the FRA:FU3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First United Corp is active in the financial services domain. The scope of its offering includes checking, savings, money market deposit accounts and certificates of deposit, business loans, personal loans, mortgage loans and lines of credit extended to both individuals and businesses. The bank also provides residential real estate construction loans to builders and individuals for single-family dwellings. The company's reportable operating segments include community banking and wealth management. The company generates the majority of its revenue from the Community Banking segment, which is engaged in delivering financial products and services, including various loan and deposit products, to consumer, business, and not-for-profit customers.
69GF Score
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