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.
XTAE:HARL's PB Ratio is ranked worse than 85.19% of 493
companies
in the Insurance industry
Industry Median: 1.4
vs XTAE:HARL: 3.26
During the past 12 months, Harel Insurance Investments & Financial Services's average Book Value Per Share Growth Rate was 14.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 16.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 9.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Harel Insurance Investments & Financial Services was 20.10% per year. The lowest was -2.10% per year. And the median was 6.65% 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.
Harel Insurance Investments & Financial Services PB Ratio Related Terms
Harel Insurance Investments & Financial Services PB Ratio Historical Data
* 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.
Harel Insurance Investments & Financial Services PB Ratio Chart
Harel Insurance Investments & Financial Services Annual Data
* 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.
Harel Insurance Investments & Financial Services PB Ratio vs Insurance Industry
Harel Insurance Investments & Financial Services PB Ratio Calculation
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.
Harel Insurance Investments & Financial Services (XTAE:HARL) has a PB Ratio of 3.25 as of Sep. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Harel Insurance Investments & Financial Services and its competitors. This is 265% above median its historical median of 0.89. Over the past decade, Harel Insurance Investments & Financial Services' PB Ratio has ranged from 0.46 to 3.43. According to the industry distribution chart, Harel Insurance Investments & Financial Services ranks #420 out of 493 companies in the Insurance industry, placing it in the top 85.2%.
Is Harel Insurance Investments & Financial Services' PB Ratio too high?
Harel Insurance Investments & Financial Services' current PB Ratio of 3.25 is 265% above median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 3.43. The Insurance industry median PB Ratio is 1.40. Harel Insurance Investments & Financial Services' value of 3.25 is 132.1% above this industry median. Based on the distribution chart, Harel Insurance Investments & Financial Services ranks #420 out of 493 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Harel Insurance Investments & Financial Services has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harel Insurance Investments & Financial Services' PB Ratio compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Harel Insurance Investments & Financial Services ranks #420 out of 493 companies for PB Ratio. This places Harel Insurance Investments & Financial Services in the lower half of its industry. The industry median PB Ratio is 1.40. Harel Insurance Investments & Financial Services' value of 3.25 is 132.1% above this benchmark. Historically, Harel Insurance Investments & Financial Services' own PB Ratio has ranged from 0.46 to 3.43 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 1.40, Harel Insurance Investments & Financial Services 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 an Insurance company?
The median PB Ratio among Insurance companies is 1.40, based on 493 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. Harel Insurance Investments & Financial Services's current PB Ratio of 3.25 is 132.1% 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 Harel Insurance Investments & Financial Services and its competitors. For the Insurance industry, the median PB Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harel Insurance Investments & Financial Services's current PB Ratio is 3.25, which is 265% above median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harel Insurance Investments & Financial Services stock overvalued right now?
Based on GuruFocus' analysis, Harel Insurance Investments & Financial Services (XTAE:HARL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₪76.48, compared to a current price of ₪200.00 — trading 161.5% above its estimated fair value. The current PB Ratio is 3.25, which is 265% above median its 10-year median of 0.89 and 132.1% above the Insurance industry median of 1.40. Harel Insurance Investments & Financial Services' overall GF Score™ is 75/100 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 Harel Insurance Investments & Financial Services (XTAE:HARL), the current PB Ratio is 3.25 as of Sep. 21, 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 Harel Insurance Investments & Financial Services (XTAE:HARL) Overvalued in 2026?
Based on GuruFocus' analysis, Harel Insurance Investments & Financial Services stock appears to be overvalued.
The current stock price of ₪200.00 is trading 161.5% above its estimated GF Value™ of ₪76.48.
GuruFocus considers Harel Insurance Investments & Financial Services to be Significantly Overvalued.
Key valuation signals for XTAE:HARL:
PB Ratio: 3.25 (265% above median its 10-year median of 0.89)
GF Value™: ₪76.48 vs. price of ₪200.00 (161.5% above fair value)
Industry Position: 132.1% above the Insurance median (#420 of 493)
No single metric tells the full story. See the XTAE:HARL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harel Insurance Investments & Financial Services Ltd is a diversified insurance company that offers a selection of life insurance policies, health insurance, nursing insurance, travel insurance, car insurance, and rent and property insurance to residential and commercial customers in Israel. The company also generates revenue through investment portfolio management, mutual funds, and exchange-traded funds. Its operating segments include Life assurance and long-term savings, Health insurance, and Non-life insurance. Non-life insurance consists of five sub-segments: Motor property (CASCO); Compulsory motor; Other liabilities sectors; Property and other sectors; and Credit insurance for residential mortgages and development and operating services for mortgage portfolios.
75GF Score
Get the complete analysis for XTAE:HARL
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
XTAE:HARL has been successfully added to your 
