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LHV Group ASSTU:ASU0 -0.46%78 PB Ratio is 1.40 as of Aug. 22, 2026, which is 32% below its 10-year median of 2.06. GuruFocus rates STU:ASU0 with a GF Score™ of 78/100 and a GF Value™ of €3.28 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,511 Banks companies, LHV Group AS ranks worse than 74.59% 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 (2026-08-22), LHV Group AS's share price is €3.23. LHV Group AS's Book Value per Share for the quarter that ended in Jun. 2026 was €2.30. Hence, LHV Group AS's PB Ratio of today is 1.40.
Good Sign:
LHV Group AS stock PB Ratio (=1.46) is close to 10-year low of 1.35.
The historical rank and industry rank for LHV Group AS's PB Ratio or its related term are showing as below:
STU:ASU0'
s PB Ratio Range Over the Past 10 Years
Min: 1.35 Med: 2.06 Max: 5.48
Current: 1.44
During the past 13 years, LHV Group AS's highest PB Ratio was 5.48. The lowest was 1.35. And the median was 2.06.
STU:ASU0's PB Ratio is ranked worse than 74.59% of 1511
companies
in the Banks industry
Industry Median: 1.11
vs STU:ASU0: 1.44
During the past 12 months, LHV Group AS's average Book Value Per Share Growth Rate was 6.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 21.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 24.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 23.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of LHV Group AS was 50.10% per year. The lowest was 20.60% per year. And the median was 24.10% 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.
LHV Group AS PB Ratio Related Terms
LHV Group AS PB Ratio Historical Data
* Premium members only.
The historical data trend for LHV Group AS'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, LHV Group AS'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.
LHV Group AS PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, LHV Group AS's PB Ratio distribution charts can be found below:
* The bar in red indicates where LHV Group AS'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.
LHV Group AS'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.
LHV Group AS (STU:ASU0) has a PB Ratio of 1.40 as of Aug. 22, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on LHV Group AS and its competitors. This is 32% below median its historical median of 2.06. Over the past decade, LHV Group AS's PB Ratio has ranged from 1.35 to 5.48. According to the industry distribution chart, LHV Group AS ranks #1127 out of 1511 companies in the Banks industry, placing it in the top 74.6%.
Is LHV Group AS's PB Ratio too high?
LHV Group AS's current PB Ratio of 1.40 is 32% below median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 5.48. The Banks industry median PB Ratio is 1.11. LHV Group AS's value of 1.40 is 26.1% above this industry median. Based on the distribution chart, LHV Group AS ranks #1127 out of 1511 companies in the Banks industry, which is below the industry midpoint. Overall, LHV Group AS has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does LHV Group AS's PB Ratio compare to PNC and USB?
According to the Banks industry distribution chart, LHV Group AS ranks #1127 out of 1511 companies for PB Ratio. This places LHV Group AS in the lower half of its industry. The industry median PB Ratio is 1.11. LHV Group AS's value of 1.40 is 26.1% above this benchmark. Historically, LHV Group AS's own PB Ratio has ranged from 1.35 to 5.48 over the past decade. While the company's 10-year median is 2.06 vs. the industry median of 1.11, LHV Group AS 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. LHV Group AS's current PB Ratio of 1.40 is 26.1% 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 LHV Group AS 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. LHV Group AS's current PB Ratio is 1.40, which is 32% below median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LHV Group AS stock overvalued right now?
Based on GuruFocus' analysis, LHV Group AS (STU:ASU0) is currently considered Fairly Valued. The stock's GF Value™ is €3.28, compared to a current price of €3.23 — trading 1.5% below its estimated fair value. The current PB Ratio is 1.40, which is 32% below median its 10-year median of 2.06 and 26.1% above the Banks industry median of 1.11. LHV Group AS's overall GF Score™ is 78/100 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 LHV Group AS (STU:ASU0), the current PB Ratio is 1.40 as of Aug. 22, 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 LHV Group AS (STU:ASU0) Overvalued in 2026?
Based on GuruFocus' analysis, LHV Group AS stock appears to be undervalued.
The current stock price of €3.23 is trading 1.5% below its estimated GF Value™ of €3.28.
GuruFocus considers LHV Group AS to be Fairly Valued.
Key valuation signals for STU:ASU0:
PB Ratio: 1.40 (32% below median its 10-year median of 2.06)
GF Value™: €3.28 vs. price of €3.23 (1.5% below fair value)
Industry Position: 26.1% above the Banks median (#1127 of 1511)
No single metric tells the full story. See the STU:ASU0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LHV Group AS operates as a holding company. The Group provides a wide range of financial services, including banking, investment and asset management, insurance, and other financial services in Estonia and the United Kingdom. It operates through its subsidiaries: LHV Pank, LHV Bank, LHV Varahaldus, LHV Kindlustus, and Other. The LHV Pank segment, contributes the maximum share of the Group's revenue, includes retail and corporate banking services in Estonia, offering loans, payment solution, investment, and savings products. LHV Bank offers banking services to financial intermediaries and fintech companies, SME lending, and retail banking in the United Kingdom. LHV Varahaldus is engaged in pension fund and asset management. LHV Kindlustus offers a range of non-life insurance products.
78GF Score
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