Zions Bancorp NAZION -0.29%66 PB Ratio is 1.41 as of Jun. 30, 2026, which is 14% above its 10-year median of 1.24. GuruFocus rates ZION with a GF Score™ of 66/100 and a GF Value™ of $53.86 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,519 Banks companies, Zions Bancorp NA ranks worse than 73.01% 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 (2026-06-30), Zions Bancorp NA's share price is $69.33. Zions Bancorp NA's Book Value per Share for the quarter that ended in Mar. 2026 was $49.16. Hence, Zions Bancorp NA's PB Ratio of today is 1.41.
Warning Sign:
Zions Bancorp NA stock PB Ratio (=1.41) is close to 3-year high of 1.51.
The historical rank and industry rank for Zions Bancorp NA's PB Ratio or its related term are showing as below:
ZION'
s PB Ratio Range Over the Past 10 Years
Min: 0.59 Med: 1.24 Max: 1.95
Current: 1.41
During the past 13 years, Zions Bancorp NA's highest PB Ratio was 1.95. The lowest was 0.59. And the median was 1.24.
ZION's PB Ratio is ranked worse than 73.01% of 1519
companies
in the Banks industry
Industry Median: 1.09
vs ZION: 1.41
During the past 12 months, Zions Bancorp NA's average Book Value Per Share Growth Rate was 15.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 17.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Zions Bancorp NA was 35.90% per year. The lowest was -18.90% per year. And the median was 7.75% 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.
Zions Bancorp NA PB Ratio Related Terms
Zions Bancorp NA PB Ratio Historical Data
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The historical data trend for Zions Bancorp NA'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, Zions Bancorp NA'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.
Zions Bancorp NA PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Zions Bancorp NA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Zions Bancorp NA'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.
Zions Bancorp NA (ZION) has a PB Ratio of 1.41 as of Jun. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Zions Bancorp NA and its competitors. This is 14% above median its historical median of 1.24. Over the past decade, Zions Bancorp NA's PB Ratio has ranged from 0.59 to 1.95. According to the industry distribution chart, Zions Bancorp NA ranks #1109 out of 1519 companies in the Banks industry, placing it in the top 73%.
Is Zions Bancorp NA's PB Ratio too high?
Zions Bancorp NA's current PB Ratio of 1.41 is 14% above median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 1.95. The Banks industry median PB Ratio is 1.09. Zions Bancorp NA's value of 1.41 is 29.4% above this industry median. Based on the distribution chart, Zions Bancorp NA ranks #1109 out of 1519 companies in the Banks industry, which is below the industry midpoint. Overall, Zions Bancorp NA has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zions Bancorp NA's PB Ratio compare to ONB and SSB?
According to the Banks industry distribution chart, Zions Bancorp NA ranks #1109 out of 1519 companies for PB Ratio. This places Zions Bancorp NA in the lower half of its industry. The industry median PB Ratio is 1.09. Zions Bancorp NA's value of 1.41 is 29.4% above this benchmark. Historically, Zions Bancorp NA's own PB Ratio has ranged from 0.59 to 1.95 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 1.09, Zions Bancorp NA 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 1.09, based on 1,519 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. Zions Bancorp NA's current PB Ratio of 1.41 is 29.4% 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 Zions Bancorp NA and its competitors. For the Banks industry, the median PB Ratio is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zions Bancorp NA's current PB Ratio is 1.41, which is 14% above median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zions Bancorp NA stock overvalued right now?
Based on GuruFocus' analysis, Zions Bancorp NA (ZION) is currently considered Modestly Overvalued. The stock's GF Value™ is $53.86, compared to a current price of $69.33 — trading 28.7% above its estimated fair value. The current PB Ratio is 1.41, which is 14% above median its 10-year median of 1.24 and 29.4% above the Banks industry median of 1.09. Zions Bancorp NA's overall GF Score™ is 66/100 with 6 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 Zions Bancorp NA (ZION), the current PB Ratio is 1.41 as of Jun. 30, 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 Zions Bancorp NA (ZION) Overvalued in 2026?
Based on GuruFocus' analysis, Zions Bancorp NA stock appears to be overvalued.
The current stock price of $69.33 is trading 28.7% above its estimated GF Value™ of $53.86.
GuruFocus considers Zions Bancorp NA to be Modestly Overvalued.
Key valuation signals for ZION:
PB Ratio: 1.41 (14% above median its 10-year median of 1.24)
GF Value™: $53.86 vs. price of $69.33 (28.7% above fair value)
Industry Position: 29.4% above the Banks median (#1109 of 1519)
No single metric tells the full story. See the ZION stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zions Bancorp is a US regional bank with around $90 billion in total assets as of March 31, 2026. Headquartered in Salt Lake City, Utah, Zions' branch network is in the Western and Southwestern United States and includes seven affiliate banks in these markets. The bank has a heavy focus on small and midsize commercial banking.
66GF Score
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