German American BancorpFRA:GAB 61 PB Ratio is 1.46 as of Jul. 11, 2026, which is 9% below its 10-year median of 1.61. GuruFocus rates FRA:GAB with a GF Score™ of 61/100 and a GF Value™ of €37.10 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,515 Banks companies, German American Bancorp ranks worse than 76.7% on this metric.
The historical rank and industry rank for German American Bancorp's PB Ratio or its related term are showing as below:
FRA:GAB'
s PB Ratio Range Over the Past 10 Years
Min: 1.17 Med: 1.61 Max: 2.46
Current: 1.5
During the past 13 years, German American Bancorp's highest PB Ratio was 2.46. The lowest was 1.17. And the median was 1.61.
FRA:GAB's PB Ratio is ranked worse than 76.7% of 1515
companies
in the Banks industry
Industry Median: 1.1
vs FRA:GAB: 1.50
During the past 12 months, German American Bancorp's average Book Value Per Share Growth Rate was 12.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 17.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of German American Bancorp was 17.90% per year. The lowest was -7.60% per year. And the median was 7.80% per year.
Back to Basics: PB Ratio
German American Bancorp (FRA:GAB) 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, German American Bancorp'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.
German American Bancorp PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, German American Bancorp's PB Ratio distribution charts can be found below:
* The bar in red indicates where German American Bancorp'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.
German American Bancorp (FRA:GAB) has a PB Ratio of 1.46 as of Jul. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on German American Bancorp and its competitors. This is near median its historical median of 1.61. Over the past decade, German American Bancorp's PB Ratio has ranged from 1.17 to 2.46. According to the industry distribution chart, German American Bancorp ranks #1162 out of 1515 companies in the Banks industry, placing it in the top 76.7%.
Is German American Bancorp's PB Ratio too high?
German American Bancorp's current PB Ratio of 1.46 is near median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 2.46. The Banks industry median PB Ratio is 1.10. German American Bancorp's value of 1.46 is 32.7% above this industry median. Based on the distribution chart, German American Bancorp ranks #1162 out of 1515 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, German American Bancorp has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does German American Bancorp's PB Ratio compare to FSUN and DCOM?
According to the Banks industry distribution chart, German American Bancorp ranks #1162 out of 1515 companies for PB Ratio. This places German American Bancorp in the lower half of its industry. The industry median PB Ratio is 1.10. German American Bancorp's value of 1.46 is 32.7% above this benchmark. Historically, German American Bancorp's own PB Ratio has ranged from 1.17 to 2.46 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 1.10, German American Bancorp 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. German American Bancorp's current PB Ratio of 1.46 is 32.7% 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 German American Bancorp 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. German American Bancorp's current PB Ratio is 1.46, which is near median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is German American Bancorp stock overvalued right now?
Based on GuruFocus' analysis, German American Bancorp (FRA:GAB) is currently considered Fairly Valued. The stock's GF Value™ is €37.10, compared to a current price of €39.40 — trading 6.2% above its estimated fair value. The current PB Ratio is 1.46, which is near median its 10-year median of 1.61 and 32.7% above the Banks industry median of 1.10. German American Bancorp's overall GF Score™ is 61/100 with 3 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 German American Bancorp (FRA:GAB), the current PB Ratio is 1.46 as of Jul. 11, 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 German American Bancorp (FRA:GAB) Overvalued in 2026?
Based on GuruFocus' analysis, German American Bancorp stock appears to be overvalued.
The current stock price of €39.40 is trading 6.2% above its estimated GF Value™ of €37.10.
GuruFocus considers German American Bancorp to be Fairly Valued.
Key valuation signals for FRA:GAB:
PB Ratio: 1.46 (near median its 10-year median of 1.61)
GF Value™: €37.10 vs. price of €39.40 (6.2% above fair value)
Industry Position: 32.7% above the Banks median (#1162 of 1515)
No single metric tells the full story. See the FRA:GAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
German American Bancorp Inc is a bank holding company. The lines of business include the core banking segment and the wealth management segment. The core banking segment involves attracting deposits from the general public and using those funds to originate consumer, commercial, and agricultural real estate, and residential mortgage loans. These core banking activities also include the sale of residential mortgage loans in the secondary market. Wealth management services, which involve providing trust, investment advisory, brokerage, and retirement planning services to customers. The company generates the majority of its revenue from the core banking segment.
61GF Score
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