BSP Financial GroupASX:BFL -0.12%58 PB Ratio is 2.33 as of Jun. 25, 2026, which is 8% above its 10-year median of 2.15. GuruFocus rates ASX:BFL with a GF Score™ of 58/100 and a GF Value™ of A$7.96 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,516 Banks companies, BSP Financial Group ranks worse than 92.35% on this metric.
The historical rank and industry rank for BSP Financial Group's PB Ratio or its related term are showing as below:
ASX:BFL'
s PB Ratio Range Over the Past 10 Years
Min: 1.55 Med: 2.15 Max: 2.76
Current: 2.32
During the past 5 years, BSP Financial Group's highest PB Ratio was 2.76. The lowest was 1.55. And the median was 2.15.
ASX:BFL's PB Ratio is ranked worse than 92.35% of 1516
companies
in the Banks industry
Industry Median: 1.08
vs ASX:BFL: 2.32
During the past 12 months, BSP Financial Group's average Book Value Per Share Growth Rate was 12.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.80% per year.
During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of BSP Financial Group was 8.80% per year. The lowest was 6.80% per year. And the median was 7.80% per year.
Back to Basics: PB Ratio
BSP Financial Group (ASX:BFL) PB Ratio Explanation
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.
BSP Financial Group PB Ratio Related Terms
BSP Financial Group PB Ratio Historical Data
* Premium members only.
The historical data trend for BSP Financial 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.
For the Banks - Regional subindustry, BSP Financial 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.
BSP Financial Group PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, BSP Financial Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where BSP Financial Group'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.
BSP Financial Group (ASX:BFL) has a PB Ratio of 2.33 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on BSP Financial Group and its competitors. This is near median its historical median of 2.15. Over the past decade, BSP Financial Group's PB Ratio has ranged from 1.55 to 2.76. According to the industry distribution chart, BSP Financial Group ranks #1400 out of 1516 companies in the Banks industry, placing it in the top 92.3%.
Is BSP Financial Group's PB Ratio too high?
BSP Financial Group's current PB Ratio of 2.33 is near median its 10-year median of 2.15. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 2.76. The Banks industry median PB Ratio is 1.08. BSP Financial Group's value of 2.33 is 115.7% above this industry median. Based on the distribution chart, BSP Financial Group ranks #1400 out of 1516 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, BSP Financial Group has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BSP Financial Group's PB Ratio compare to PNC and USB?
According to the Banks industry distribution chart, BSP Financial Group ranks #1400 out of 1516 companies for PB Ratio. This places BSP Financial Group in the lower half of its industry. The industry median PB Ratio is 1.08. BSP Financial Group's value of 2.33 is 115.7% above this benchmark. Historically, BSP Financial Group's own PB Ratio has ranged from 1.55 to 2.76 over the past decade. While the company's 10-year median is 2.15 vs. the industry median of 1.08, BSP Financial Group 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 1.08, based on 1,516 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. BSP Financial Group's current PB Ratio of 2.33 is 115.7% 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 BSP Financial Group and its competitors. For the Banks industry, the median PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BSP Financial Group's current PB Ratio is 2.33, which is near median its own 10-year median of 2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BSP Financial Group stock overvalued right now?
Based on GuruFocus' analysis, BSP Financial Group (ASX:BFL) is currently considered Fairly Valued. The stock's GF Value™ is A$7.96, compared to a current price of A$8.19 — trading 2.9% above its estimated fair value. The current PB Ratio is 2.33, which is near median its 10-year median of 2.15 and 115.7% above the Banks industry median of 1.08. BSP Financial Group's overall GF Score™ is 58/100 with 1 warning sign 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 BSP Financial Group (ASX:BFL), the current PB Ratio is 2.33 as of Jun. 25, 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 BSP Financial Group (ASX:BFL) Overvalued in 2026?
Based on GuruFocus' analysis, BSP Financial Group stock appears to be overvalued.
The current stock price of A$8.19 is trading 2.9% above its estimated GF Value™ of A$7.96.
GuruFocus considers BSP Financial Group to be Fairly Valued.
Key valuation signals for ASX:BFL:
PB Ratio: 2.33 (near median its 10-year median of 2.15)
GF Value™: A$7.96 vs. price of A$8.19 (2.9% above fair value)
Industry Position: 115.7% above the Banks median (#1400 of 1516)
No single metric tells the full story. See the ASX:BFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BSP Financial Group Ltd is a diversified business covering banking, asset finance, life insurance, and fund management. The company's operating segments include banking services, split into PNG Bank and Offshore Banks, and non-banking services, which comprise insurance operations, fund management, and asset financing activities. It generates a vast majority of its revenues from the PNG Bank segment. Geographically, the company operates in Papua New Guinea, Fiji, Solomon Islands, Cook Islands, Tonga, Samoa, Vanuatu, Cambodia, and Laos.
58GF Score
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