Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
National Bank Of MalawiMSW:NBM 100 PB Ratio is 10.98 as of Jul. 26, 2026, which is 93% above its 10-year median of 5.70. GuruFocus rates MSW:NBM with a GF Score™ of 100/100 and a GF Value™ of MWK7,786.86 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,511 Banks companies, National Bank Of Malawi ranks worse than 99.67% on this metric.
National Bank Of Malawi PLC stock PB Ratio (=10.98) is close to 1-year low of 10.98.
The historical rank and industry rank for National Bank Of Malawi's PB Ratio or its related term are showing as below:
MSW:NBM'
s PB Ratio Range Over the Past 10 Years
Min: 1.67 Med: 5.7 Max: 224.04
Current: 10.98
During the past 11 years, National Bank Of Malawi's highest PB Ratio was 224.04. The lowest was 1.67. And the median was 5.70.
MSW:NBM's PB Ratio is ranked worse than 99.67% of 1511
companies
in the Banks industry
Industry Median: 1.11
vs MSW:NBM: 10.98
During the past 12 months, National Bank Of Malawi's average Book Value Per Share Growth Rate was 52.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 33.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 26.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 20.10% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of National Bank Of Malawi was 33.30% per year. The lowest was 13.30% per year. And the median was 18.80% per year.
Back to Basics: PB Ratio
National Bank Of Malawi (MSW:NBM) 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, National Bank Of Malawi'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.
National Bank Of Malawi PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, National Bank Of Malawi's PB Ratio distribution charts can be found below:
* The bar in red indicates where National Bank Of Malawi'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.
National Bank Of Malawi (MSW:NBM) has a PB Ratio of 10.98 as of Jul. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on National Bank Of Malawi and its competitors. This is 93% above median its historical median of 5.70. Over the past decade, National Bank Of Malawi's PB Ratio has ranged from 1.67 to 224.04. According to the industry distribution chart, National Bank Of Malawi ranks #1506 out of 1511 companies in the Banks industry, placing it in the top 99.7%.
Is National Bank Of Malawi's PB Ratio too high?
National Bank Of Malawi's current PB Ratio of 10.98 is 93% above median its 10-year median of 5.70. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 224.04. The Banks industry median PB Ratio is 1.11. National Bank Of Malawi's value of 10.98 is 889.2% above this industry median. Based on the distribution chart, National Bank Of Malawi ranks #1506 out of 1511 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, National Bank Of Malawi has a GF Score™ of 100/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Bank Of Malawi's PB Ratio compare to PNC and USB?
According to the Banks industry distribution chart, National Bank Of Malawi ranks #1506 out of 1511 companies for PB Ratio. This places National Bank Of Malawi in the lower half of its industry. The industry median PB Ratio is 1.11. National Bank Of Malawi's value of 10.98 is 889.2% above this benchmark. Historically, National Bank Of Malawi's own PB Ratio has ranged from 1.67 to 224.04 over the past decade. While the company's 10-year median is 5.70 vs. the industry median of 1.11, National Bank Of Malawi 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 1,511 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. National Bank Of Malawi's current PB Ratio of 10.98 is 889.2% 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 National Bank Of Malawi 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. National Bank Of Malawi's current PB Ratio is 10.98, which is 93% above median its own 10-year median of 5.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank Of Malawi stock overvalued right now?
Based on GuruFocus' analysis, National Bank Of Malawi (MSW:NBM) is currently considered Modestly Overvalued. The stock's GF Value™ is MWK7,786.86, compared to a current price of MWK9,598.96 — trading 23.3% above its estimated fair value. The current PB Ratio is 10.98, which is 93% above median its 10-year median of 5.70 and 889.2% above the Banks industry median of 1.11. National Bank Of Malawi's overall GF Score™ is 100/100 with 1 warning sign 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 National Bank Of Malawi (MSW:NBM), the current PB Ratio is 10.98 as of Jul. 26, 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 National Bank Of Malawi (MSW:NBM) Overvalued in 2026?
Based on GuruFocus' analysis, National Bank Of Malawi stock appears to be overvalued.
The current stock price of MWK9,598.96 is trading 23.3% above its estimated GF Value™ of MWK7,786.86.
GuruFocus considers National Bank Of Malawi to be Modestly Overvalued.
Key valuation signals for MSW:NBM:
PB Ratio: 10.98 (93% above median its 10-year median of 5.70)
GF Value™: MWK7,786.86 vs. price of MWK9,598.96 (23.3% above fair value)
Industry Position: 889.2% above the Banks median (#1506 of 1511)
No single metric tells the full story. See the MSW:NBM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Bank Of Malawi PLC provides personal, corporate, and investment banking as well as stockbroking, insurance, and pension administration services in Malawi. Its business operations are divided into three segments including Retail and corporate banking that incorporates savings, deposits, investment savings products, consumer loans, current accounts, overdrafts, loans, and other credit facilities, trade finance, and corporate leasing; Treasury segment offers financial instruments trading, dealings in foreign currency, stock broking and derivative products; and Other operations comprising fund management, custodial services and providing training services. Revenue from Retail and corporate banking is one of the majority sources of income for the Bank.
100GF Score
Get the complete analysis for MSW:NBM
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MSW:NBM has been successfully added to your 
