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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 (2026-07-17), Atlas Mara's share price is $2.00. Atlas Mara's Book Value per Share for the quarter that ended in Jun. 2020 was $1.92. Hence, Atlas Mara's PB Ratio of today is 1.04.
The historical rank and industry rank for Atlas Mara's PB Ratio or its related term are showing as below:
LSE:ATMW'
s PB Ratio Range Over the Past 10 Years
Min: 0.07 Med: 0.37 Max: 0.66
Current: 0.19
During the past 6 years, Atlas Mara's highest PB Ratio was 0.66. The lowest was 0.07. And the median was 0.37.
LSE:ATMW's PB Ratio is not ranked
in the Banks industry.
Industry Median: 1.12
vs LSE:ATMW: 0.19
During the past 12 months, Atlas Mara's average Book Value Per Share Growth Rate was -19.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -24.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -19.60% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Atlas Mara was -21.30% per year. The lowest was -24.90% per year. And the median was -23.10% 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.
Atlas Mara PB Ratio Related Terms
Atlas Mara PB Ratio Historical Data
* Premium members only.
The historical data trend for Atlas Mara'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, Atlas Mara'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.
Atlas Mara PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Atlas Mara's PB Ratio distribution charts can be found below:
* The bar in red indicates where Atlas Mara'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.
Atlas Mara'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.
Atlas Mara (LSE:ATMW) has a PB Ratio of 1.04 as of Jul. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Atlas Mara and its competitors. This is 181% above median its historical median of 0.37. Over the past decade, Atlas Mara's PB Ratio has ranged from 0.07 to 0.66.
Is Atlas Mara's PB Ratio too high?
Atlas Mara's current PB Ratio of 1.04 is 181% above median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.66. The Banks industry median PB Ratio is 1.12. Atlas Mara's value of 1.04 is 7.1% below this industry median. Overall, Atlas Mara has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Atlas Mara's PB Ratio compare to BLHK and ESBS?
Atlas Mara's PB Ratio of 1.04 can be compared against companies in the Banks industry. The industry median PB Ratio is 1.12. Atlas Mara's value of 1.04 is 7.1% below this benchmark. Historically, Atlas Mara's own PB Ratio has ranged from 0.07 to 0.66 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 1.12, Atlas Mara has consistently been below 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 1.12, based on 1,517 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. Atlas Mara's current PB Ratio of 1.04 is 7.1% below 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 Atlas Mara and its competitors. For the Banks industry, the median PB Ratio is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atlas Mara's current PB Ratio is 1.04, which is 181% above median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlas Mara stock overvalued right now?
Atlas Mara (LSE:ATMW) has a current PB Ratio of 1.04. The stock's GF Value™ is $1.45, compared to a current price of $2.00 — trading 37.9% above its estimated fair value. The current PB Ratio is 1.04, which is 181% above median its 10-year median of 0.37 and 7.1% below the Banks industry median of 1.12. Atlas Mara's overall GF Score™ is 12/100 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 Atlas Mara (LSE:ATMW), the current PB Ratio is 1.04 as of Jul. 17, 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 Atlas Mara (LSE:ATMW) Overvalued in 2026?
Based on GuruFocus' analysis, Atlas Mara stock appears to be overvalued.
The current stock price of $2.00 is trading 37.9% above its estimated GF Value™ of $1.45.
Key valuation signals for LSE:ATMW:
PB Ratio: 1.04 (181% above median its 10-year median of 0.37)
GF Value™: $1.45 vs. price of $2.00 (37.9% above fair value)
No single metric tells the full story. See the LSE:ATMW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atlas Mara Ltd is a London-listed financial services group engaged in banking operations. It provides corporate and retail financial services to corporations, small-and-medium-sized enterprises and individuals. Its segments include Nigeria; Botswana; and Zimbabwe. The bank generates most of the revenue from Botswana segment.
12GF Score
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