Absa Group (Absa Group) PB Ratio

: 0.88 (As of Today)

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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 (2024-04-23), Absa Group's share price is $8.43. Absa Group's Book Value per Share for the quarter that ended in Jun. 2023 was $9.56. Hence, Absa Group's PB Ratio of today is 0.88.

Good Sign:

Absa Group Ltd stock PB Ratio (=0.78) is close to 3-year low of 0.78

The historical rank and industry rank for Absa Group's PB Ratio or its related term are showing as below:

AGRPF' s PB Ratio Range Over the Past 10 Years
Min: 0.5 Med: 1.25 Max: 2.04
Current: 0.78

During the past 13 years, Absa Group's highest PB Ratio was 2.04. The lowest was 0.50. And the median was 1.25.

AGRPF's PB Ratio is ranked better than
58.22% of 1460 companies
in the Banks industry
Industry Median: 0.85 vs AGRPF: 0.78

During the past 12 months, Absa Group's average Book Value Per Share Growth Rate was 8.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 6.10% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 6.10% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 6.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Absa Group was 23.10% per year. The lowest was -0.60% per year. And the median was 8.60% per year.

Back to Basics: PB Ratio

Absa Group PB Ratio Historical Data

The historical data trend for Absa Group'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.

* Premium members only.

Absa Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

PB Ratio

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1.25

1.16

1.17

1.12

1.09

Absa Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
PB Ratio	Get a 7-Day Free Trial															1.10	1.12	1.00	1.09	0.85

Competitive Comparison

For the Banks - Regional subindustry, Absa Group'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.

Absa Group PB Ratio Distribution

For the Banks industry and Financial Services sector, Absa Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where Absa Group's PB Ratio falls into.

Absa Group 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.

Absa Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Jun. 2023)
	=	8.43	/	9.559
	=	0.88

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

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.

Absa Group (OTCPK:AGRPF) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.

Absa Group PB Ratio Related Terms

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Absa Group (Absa Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Absa Group Ltd (OTCPK:AGRPF) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

ABG:South Africa AGRPY:USA AU61:Germany

Address

15 Troye Street, 7th Floor, Absa Towers West, PO Box 7735, Johannesburg, GT, ZAF, 2000

Website

https://www.absa.africa

Absa Group Ltd is a financial services company that has five main business segments: Product Solutions Cluster, Everyday Banking, Relationship Banking, Absa Regional Operations RBB (ARO RBB), CIB, & Head Office, Treasury, and other operations. The majority is from the Corporate and Investment Bank (CIB) segment which includes prioritized new-to-bank clients across key growth and priority sectors. CIB continued to up-sell and cross-sell new products and services to existing clients. Geographically, the majority is from South Africa.

Absa Group (Absa Group) Headlines

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