Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
First CapitalFCAP -0.16%67 PB Ratio is 1.47 as of Aug. 21, 2026, which is 10% above its 10-year median of 1.34. GuruFocus rates FCAP with a GF Score™ of 67/100 and a GF Value™ of $46.65 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,511 Banks companies, First Capital ranks worse than 75.05% 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 (2026-08-21), First Capital's share price is $62.60. First Capital's Book Value per Share for the quarter that ended in Jun. 2026 was $42.60. Hence, First Capital's PB Ratio of today is 1.47.
The historical rank and industry rank for First Capital's PB Ratio or its related term are showing as below:
FCAP'
s PB Ratio Range Over the Past 10 Years
Min: 0.83 Med: 1.34 Max: 2.55
Current: 1.47
During the past 13 years, First Capital's highest PB Ratio was 2.55. The lowest was 0.83. And the median was 1.34.
FCAP's PB Ratio is ranked worse than 75.05% of 1511
companies
in the Banks industry
Industry Median: 1.11
vs FCAP: 1.47
During the past 12 months, First Capital's average Book Value Per Share Growth Rate was 16.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 17.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of First Capital was 17.70% per year. The lowest was -16.30% per year. And the median was 4.50% 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.
First Capital PB Ratio Related Terms
First Capital PB Ratio Historical Data
* Premium members only.
The historical data trend for First Capital'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, First Capital'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.
First Capital PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, First Capital's PB Ratio distribution charts can be found below:
* The bar in red indicates where First Capital'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.
First Capital'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.
First Capital (FCAP) has a PB Ratio of 1.47 as of Aug. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on First Capital and its competitors. This is 10% above median its historical median of 1.34. Over the past decade, First Capital's PB Ratio has ranged from 0.83 to 2.55. According to the industry distribution chart, First Capital ranks #1134 out of 1511 companies in the Banks industry, placing it in the top 75%.
Is First Capital's PB Ratio too high?
First Capital's current PB Ratio of 1.47 is 10% above median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 2.55. The Banks industry median PB Ratio is 1.11. First Capital's value of 1.47 is 32.4% above this industry median. Based on the distribution chart, First Capital ranks #1134 out of 1511 companies in the Banks industry, which is below the industry midpoint. Overall, First Capital has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Capital's PB Ratio compare to PSBQ and OAKC?
According to the Banks industry distribution chart, First Capital ranks #1134 out of 1511 companies for PB Ratio. This places First Capital in the lower half of its industry. The industry median PB Ratio is 1.11. First Capital's value of 1.47 is 32.4% above this benchmark. Historically, First Capital's own PB Ratio has ranged from 0.83 to 2.55 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 1.11, First Capital 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 1.11, based on 1,511 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. First Capital's current PB Ratio of 1.47 is 32.4% 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 First Capital and its competitors. For the Banks industry, the median PB Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Capital's current PB Ratio is 1.47, which is 10% above median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Capital stock overvalued right now?
Based on GuruFocus' analysis, First Capital (FCAP) is currently considered Significantly Overvalued. The stock's GF Value™ is $46.65, compared to a current price of $62.60 — trading 34.2% above its estimated fair value. The current PB Ratio is 1.47, which is 10% above median its 10-year median of 1.34 and 32.4% above the Banks industry median of 1.11. First Capital's overall GF Score™ is 67/100 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 First Capital (FCAP), the current PB Ratio is 1.47 as of Aug. 21, 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 First Capital (FCAP) Overvalued in 2026?
Based on GuruFocus' analysis, First Capital stock appears to be overvalued.
The current stock price of $62.60 is trading 34.2% above its estimated GF Value™ of $46.65.
GuruFocus considers First Capital to be Significantly Overvalued.
Key valuation signals for FCAP:
PB Ratio: 1.47 (10% above median its 10-year median of 1.34)
GF Value™: $46.65 vs. price of $62.60 (34.2% above fair value)
Industry Position: 32.4% above the Banks median (#1134 of 1511)
No single metric tells the full story. See the FCAP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Capital Inc is an Indiana chartered commercial bank that provides a variety of banking services to individuals and businesses. It provides retail and business banking, residential mortgage lending, real estate finance, and asset-based lending. The bank's primary source of revenue is real estate mortgage loans.
67GF Score
Get the complete analysis for FCAP
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
FCAP has been successfully added to your 
