Transurban GroupASX:TCL +1.45%75 PB Ratio is 5.45 as of Jun. 26, 2026, which is 21% above its 10-year median of 4.50. GuruFocus rates ASX:TCL with a GF Score™ of 75/100 and a GF Value™ of A$13.47 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 1,722 Construction companies, Transurban Group ranks worse than 88.62% 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), Transurban Group's share price is A$15.39. Transurban Group's Book Value per Share for the quarter that ended in Dec. 2025 was A$2.82. Hence, Transurban Group's PB Ratio of today is 5.45.
Warning Sign:
Transurban Group stock PB Ratio (=5.38) is close to 5-year high of 5.38.
The historical rank and industry rank for Transurban Group's PB Ratio or its related term are showing as below:
ASX:TCL'
s PB Ratio Range Over the Past 10 Years
Min: 2.63 Med: 4.5 Max: 6.17
Current: 5.46
During the past 13 years, Transurban Group's highest PB Ratio was 6.17. The lowest was 2.63. And the median was 4.50.
ASX:TCL's PB Ratio is ranked worse than 88.62% of 1722
companies
in the Construction industry
Industry Median: 1.31
vs ASX:TCL: 5.46
During the past 12 months, Transurban Group's average Book Value Per Share Growth Rate was -14.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -14.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Transurban Group was 162.00% per year. The lowest was -32.70% per year. And the median was -0.60% 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.
Transurban Group PB Ratio Related Terms
Transurban Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Transurban 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 Infrastructure Operations subindustry, Transurban 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.
Transurban Group PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, Transurban Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Transurban 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.
Transurban Group (ASX:TCL) has a PB Ratio of 5.45 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 Transurban Group and its competitors. This is 21% above median its historical median of 4.50. Over the past decade, Transurban Group's PB Ratio has ranged from 2.63 to 6.17. According to the industry distribution chart, Transurban Group ranks #1526 out of 1722 companies in the Construction industry, placing it in the top 88.6%.
Is Transurban Group's PB Ratio too high?
Transurban Group's current PB Ratio of 5.45 is 21% above median its 10-year median of 4.50. Over the past 10 years, this metric has ranged from a low of 2.63 to a high of 6.17. The Construction industry median PB Ratio is 1.31. Transurban Group's value of 5.45 is 316% above this industry median. Based on the distribution chart, Transurban Group ranks #1526 out of 1722 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Transurban Group has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Transurban Group's PB Ratio compare to competitors?
According to the Construction industry distribution chart, Transurban Group ranks #1526 out of 1722 companies for PB Ratio. This places Transurban Group in the lower half of its industry. The industry median PB Ratio is 1.31. Transurban Group's value of 5.45 is 316% above this benchmark. Historically, Transurban Group's own PB Ratio has ranged from 2.63 to 6.17 over the past decade. While the company's 10-year median is 4.50 vs. the industry median of 1.31, Transurban 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 Construction company?
The median PB Ratio among Construction companies is 1.31, based on 1,722 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. Transurban Group's current PB Ratio of 5.45 is 316% 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 Transurban Group and its competitors. For the Construction industry, the median PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Transurban Group's current PB Ratio is 5.45, which is 21% above median its own 10-year median of 4.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Transurban Group stock overvalued right now?
Based on GuruFocus' analysis, Transurban Group (ASX:TCL) is currently considered Modestly Overvalued. The stock's GF Value™ is A$13.47, compared to a current price of A$15.39 — trading 14.3% above its estimated fair value. The current PB Ratio is 5.45, which is 21% above median its 10-year median of 4.50 and 316% above the Construction industry median of 1.31. Transurban Group's overall GF Score™ is 75/100 with 11 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 Transurban Group (ASX:TCL), the current PB Ratio is 5.45 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.
Is Transurban Group (ASX:TCL) Overvalued in 2026?
Based on GuruFocus' analysis, Transurban Group stock appears to be overvalued.
The current stock price of A$15.39 is trading 14.3% above its estimated GF Value™ of A$13.47.
GuruFocus considers Transurban Group to be Modestly Overvalued.
Key valuation signals for ASX:TCL:
PB Ratio: 5.45 (21% above median its 10-year median of 4.50)
GF Value™: A$13.47 vs. price of A$15.39 (14.3% above fair value)
Industry Position: 316% above the Construction median (#1526 of 1722)
No single metric tells the full story. See the ASX:TCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Transurban Group is an owner/operator of toll roads in Melbourne, Sydney, and Brisbane. It also owns toll roads in Virginia, USA, and Montreal, Canada. The weighted average concession life across the portfolio is about 25 years. Australian assets contribute around 90% of proportional revenue.
75GF Score
Get the complete analysis for ASX:TCL
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
ASX:TCL has been successfully added to your 
