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NBT BancorpNBTB +0.77%70 PB Ratio is 1.44 as of Jul. 28, 2026, which is 2% above its 10-year median of 1.41. GuruFocus rates NBTB with a GF Score™ of 70/100 and a GF Value™ of $46.62 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,516 Banks companies, NBT Bancorp ranks worse than 72.03% 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 (2026-07-28), NBT Bancorp's share price is $52.915. NBT Bancorp's Book Value per Share for the quarter that ended in Mar. 2026 was $36.81. Hence, NBT Bancorp's PB Ratio of today is 1.44.
The historical rank and industry rank for NBT Bancorp's PB Ratio or its related term are showing as below:
NBTB'
s PB Ratio Range Over the Past 10 Years
Min: 1 Med: 1.41 Max: 1.99
Current: 1.44
During the past 13 years, NBT Bancorp's highest PB Ratio was 1.99. The lowest was 1.00. And the median was 1.41.
NBTB's PB Ratio is ranked worse than 72.03% of 1516
companies
in the Banks industry
Industry Median: 1.12
vs NBTB: 1.44
During the past 12 months, NBT Bancorp's average Book Value Per Share Growth Rate was 11.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of NBT Bancorp was 35.70% per year. The lowest was -14.20% per year. And the median was 6.10% 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.
NBT Bancorp PB Ratio Related Terms
NBT Bancorp PB Ratio Historical Data
* Premium members only.
The historical data trend for NBT Bancorp'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, NBT 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.
NBT Bancorp PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, NBT Bancorp's PB Ratio distribution charts can be found below:
* The bar in red indicates where NBT 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.
NBT Bancorp'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.
NBT Bancorp (NBTB) has a PB Ratio of 1.44 as of Jul. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on NBT Bancorp and its competitors. This is near median its historical median of 1.41. Over the past decade, NBT Bancorp's PB Ratio has ranged from 1.00 to 1.99. According to the industry distribution chart, NBT Bancorp ranks #1092 out of 1516 companies in the Banks industry, placing it in the top 72%.
Is NBT Bancorp's PB Ratio too high?
NBT Bancorp's current PB Ratio of 1.44 is near median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 1.99. The Banks industry median PB Ratio is 1.12. NBT Bancorp's value of 1.44 is 28.6% above this industry median. Based on the distribution chart, NBT Bancorp ranks #1092 out of 1516 companies in the Banks industry, which is below the industry midpoint. Overall, NBT Bancorp has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NBT Bancorp's PB Ratio compare to FRME and TRMK?
According to the Banks industry distribution chart, NBT Bancorp ranks #1092 out of 1516 companies for PB Ratio. This places NBT Bancorp in the lower half of its industry. The industry median PB Ratio is 1.12. NBT Bancorp's value of 1.44 is 28.6% above this benchmark. Historically, NBT Bancorp's own PB Ratio has ranged from 1.00 to 1.99 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 1.12, NBT 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 1.12, based on 1,516 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. NBT Bancorp's current PB Ratio of 1.44 is 28.6% 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 NBT Bancorp 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. NBT Bancorp's current PB Ratio is 1.44, which is near median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NBT Bancorp stock overvalued right now?
Based on GuruFocus' analysis, NBT Bancorp (NBTB) is currently considered Modestly Overvalued. The stock's GF Value™ is $46.62, compared to a current price of $52.92 — trading 13.5% above its estimated fair value. The current PB Ratio is 1.44, which is near median its 10-year median of 1.41 and 28.6% above the Banks industry median of 1.12. NBT Bancorp's overall GF Score™ is 70/100 with 4 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 NBT Bancorp (NBTB), the current PB Ratio is 1.44 as of Jul. 28, 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 NBT Bancorp (NBTB) Overvalued in 2026?
Based on GuruFocus' analysis, NBT Bancorp stock appears to be overvalued.
The current stock price of $52.92 is trading 13.5% above its estimated GF Value™ of $46.62.
GuruFocus considers NBT Bancorp to be Modestly Overvalued.
Key valuation signals for NBTB:
PB Ratio: 1.44 (near median its 10-year median of 1.41)
GF Value™: $46.62 vs. price of $52.92 (13.5% above fair value)
Industry Position: 28.6% above the Banks median (#1092 of 1516)
No single metric tells the full story. See the NBTB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NBT Bancorp Inc is a financial holding company that operates through its subsidiaries. The company's principal sources of revenue include management fees and dividends it receives through its subsidiaries. Its business, predominantly conducted through NBT Bank, consists of providing commercial banking, retail banking, and wealth management services to customers in its market area, which includes upstate New York, northeastern Pennsylvania, southern New Hampshire, western Massachusetts, Vermont, southern Maine, and central and northwestern Connecticut. The company's reportable segments are Banking and Retirement Plan Administration. A majority of its revenue is generated from the Banking segment.
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