Airtel AfricaAAFRF +5.10%55 PB Ratio is 5.97 as of Jun. 26, 2026, which is 219% above its 10-year median of 1.87. GuruFocus rates AAFRF with a GF Score™ of 55/100. The stock has 3 warning signs investors should review. Among 342 Telecommunication Services companies, Airtel Africa ranks worse than 86.84% 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 (2026-06-26), Airtel Africa's share price is $5.15. Airtel Africa's Book Value per Share for the quarter that ended in Mar. 2026 was $0.86. Hence, Airtel Africa's PB Ratio of today is 5.97.
The historical rank and industry rank for Airtel Africa's PB Ratio or its related term are showing as below:
AAFRF'
s PB Ratio Range Over the Past 10 Years
Min: 0.47 Med: 1.87 Max: 6.22
Current: 5.3
During the past 10 years, Airtel Africa's highest PB Ratio was 6.22. The lowest was 0.47. And the median was 1.87.
AAFRF's PB Ratio is ranked worse than 86.84% of 342
companies
in the Telecommunication Services industry
Industry Median: 1.88
vs AAFRF: 5.30
During the past 12 months, Airtel Africa's average Book Value Per Share Growth Rate was 23.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -6.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.20% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Airtel Africa was 10.10% per year. The lowest was -11.50% per year. And the median was -6.80% 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.
Airtel Africa PB Ratio Related Terms
Airtel Africa PB Ratio Historical Data
* Premium members only.
The historical data trend for Airtel Africa'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 Telecom Services subindustry, Airtel Africa'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.
Airtel Africa PB Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Airtel Africa's PB Ratio distribution charts can be found below:
* The bar in red indicates where Airtel Africa'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.
Airtel Africa'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.
Airtel Africa (AAFRF) has a PB Ratio of 5.97 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Airtel Africa and its competitors. This is 219% above median its historical median of 1.87. Over the past decade, Airtel Africa's PB Ratio has ranged from 0.47 to 6.22. According to the industry distribution chart, Airtel Africa ranks #297 out of 342 companies in the Telecommunication Services industry, placing it in the top 86.8%.
Is Airtel Africa's PB Ratio too high?
Airtel Africa's current PB Ratio of 5.97 is 219% above median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 6.22. The Telecommunication Services industry median PB Ratio is 1.88. Airtel Africa's value of 5.97 is 217.6% above this industry median. Based on the distribution chart, Airtel Africa ranks #297 out of 342 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Airtel Africa has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Airtel Africa's PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Airtel Africa ranks #297 out of 342 companies for PB Ratio. This places Airtel Africa in the lower half of its industry. The industry median PB Ratio is 1.88. Airtel Africa's value of 5.97 is 217.6% above this benchmark. Historically, Airtel Africa's own PB Ratio has ranged from 0.47 to 6.22 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 1.88, Airtel Africa 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 Telecommunication Services company?
The median PB Ratio among Telecommunication Services companies is 1.88, based on 342 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. Airtel Africa's current PB Ratio of 5.97 is 217.6% 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 Airtel Africa and its competitors. For the Telecommunication Services industry, the median PB Ratio is 1.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airtel Africa's current PB Ratio is 5.97, which is 219% above median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airtel Africa stock overvalued right now?
Airtel Africa (AAFRF) has a current PB Ratio of 5.97. The current PB Ratio is 5.97, which is 219% above median its 10-year median of 1.87 and 217.6% above the Telecommunication Services industry median of 1.88. Airtel Africa's overall GF Score™ is 55/100 with 3 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 Airtel Africa (AAFRF), the current PB Ratio is 5.97 as of Jun. 26, 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.
Airtel Africa PLC is a telecoms and financial services provider transforming lives across the continent through increased digital and financial inclusion. The principal activities of the Group mainly consist of the provision of telecommunications and mobile money services. Its services include Voice, Data, Mobile money, Enterprise, and Data centers. The Group's operating segments are Nigeria mobile services, East Africa mobile services, Francophone Africa mobile services, and Mobile money. It generates maximum revenue from East Africa mobile services, comprising mobile service operations in Uganda, Kenya, Zambia, Tanzania, Malawi, and Rwanda.
55GF Score
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