Bulgarian Stock Exchange AD (FRA:0KP) PB Ratio: 3.79 (As of Jul. 30, 2026) — 13% Below Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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.

FRA:0KP Bulgarian Stock Exchange AD FRA:0KP
59 GF Score
Price €7.00
GF Value €9.93
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Bulgarian Stock Exchange AD PB Ratio?

Bulgarian Stock Exchange AD FRA:0KP 59 PB Ratio is 3.79 as of Jul. 30, 2026, which is 13% below its 10-year median of 4.36. GuruFocus rates FRA:0KP with a GF Score™ of 59/100 and a GF Value™ of €9.93 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 776 Capital Markets companies, Bulgarian Stock Exchange AD ranks worse than 81.7% 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 (2026-07-30), Bulgarian Stock Exchange AD's share price is €7.00. Bulgarian Stock Exchange AD's Book Value per Share for the quarter that ended in Mar. 2026 was €1.85. Hence, Bulgarian Stock Exchange AD's PB Ratio of today is 3.79.

Good Sign:

Bulgarian Stock Exchange AD stock PB Ratio (=3.75) is close to 5-year low of 3.58.

The historical rank and industry rank for Bulgarian Stock Exchange AD's PB Ratio or its related term are showing as below:

FRA:0KP' s PB Ratio Range Over the Past 10 Years
Min: 2.34   Med: 4.36   Max: 7.45
Current: 3.75

During the past 13 years, Bulgarian Stock Exchange AD's highest PB Ratio was 7.45. The lowest was 2.34. And the median was 4.36.

FRA:0KP's PB Ratio is ranked worse than
81.7% of 776 companies
in the Capital Markets industry
Industry Median: 1.285 vs FRA:0KP: 3.75

During the past 12 months, Bulgarian Stock Exchange AD's average Book Value Per Share Growth Rate was -13.40% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 17.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 16.40% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 18.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Bulgarian Stock Exchange AD was 31.30% per year. The lowest was -3.90% per year. And the median was 12.60% per year.

Back to Basics: PB Ratio


Bulgarian Stock Exchange AD  (FRA:0KP) 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.


Bulgarian Stock Exchange AD PB Ratio Related Terms


Bulgarian Stock Exchange AD PB Ratio Historical Data

* Premium members only.

The historical data trend for Bulgarian Stock Exchange AD'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.

Bulgarian Stock Exchange AD PB Ratio Chart

Bulgarian Stock Exchange AD Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Bulgarian Stock Exchange AD Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 4.41

FRA:0KP vs SPGI, CME, ICE: PB Ratio Comparison

For the Financial Data & Stock Exchanges subindustry, Bulgarian Stock Exchange AD'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.


Bulgarian Stock Exchange AD PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bulgarian Stock Exchange AD's PB Ratio distribution charts can be found below:

* The bar in red indicates where Bulgarian Stock Exchange AD's PB Ratio falls into.


FRA:0KP
59GF Score
Bulgarian Stock Exchange AD FRA:0KP
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bulgarian Stock Exchange AD 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.

Bulgarian Stock Exchange AD's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=7.00/1.847
=3.79

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 3.79 mean?
Bulgarian Stock Exchange AD (FRA:0KP) has a PB Ratio of 3.79 as of Jul. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Bulgarian Stock Exchange AD and its competitors. This is 13% below median its historical median of 4.36. Over the past decade, Bulgarian Stock Exchange AD's PB Ratio has ranged from 2.34 to 7.45. According to the industry distribution chart, Bulgarian Stock Exchange AD ranks #634 out of 776 companies in the Capital Markets industry, placing it in the top 81.7%.
Is Bulgarian Stock Exchange AD's PB Ratio too high?
Bulgarian Stock Exchange AD's current PB Ratio of 3.79 is 13% below median its 10-year median of 4.36. Over the past 10 years, this metric has ranged from a low of 2.34 to a high of 7.45. The Capital Markets industry median PB Ratio is 1.29. Bulgarian Stock Exchange AD's value of 3.79 is 194.9% above this industry median. Based on the distribution chart, Bulgarian Stock Exchange AD ranks #634 out of 776 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Bulgarian Stock Exchange AD has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bulgarian Stock Exchange AD's PB Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Bulgarian Stock Exchange AD ranks #634 out of 776 companies for PB Ratio. This places Bulgarian Stock Exchange AD in the lower half of its industry. The industry median PB Ratio is 1.29. Bulgarian Stock Exchange AD's value of 3.79 is 194.9% above this benchmark. Historically, Bulgarian Stock Exchange AD's own PB Ratio has ranged from 2.34 to 7.45 over the past decade. While the company's 10-year median is 4.36 vs. the industry median of 1.29, Bulgarian Stock Exchange AD 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 Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.29, based on 776 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. Bulgarian Stock Exchange AD's current PB Ratio of 3.79 is 194.9% 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 Bulgarian Stock Exchange AD and its competitors. For the Capital Markets industry, the median PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bulgarian Stock Exchange AD's current PB Ratio is 3.79, which is 13% below median its own 10-year median of 4.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bulgarian Stock Exchange AD stock overvalued right now?
Based on GuruFocus' analysis, Bulgarian Stock Exchange AD (FRA:0KP) is currently considered Possible Value Trap. The stock's GF Value™ is €9.93, compared to a current price of €7.00 — trading 29.5% below its estimated fair value. The current PB Ratio is 3.79, which is 13% below median its 10-year median of 4.36 and 194.9% above the Capital Markets industry median of 1.29. Bulgarian Stock Exchange AD's overall GF Score™ is 59/100 with 7 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 Bulgarian Stock Exchange AD (FRA:0KP), the current PB Ratio is 3.79 as of Jul. 30, 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 Bulgarian Stock Exchange AD (FRA:0KP) Overvalued in 2026?

Based on GuruFocus' analysis, Bulgarian Stock Exchange AD stock appears to be undervalued. The current stock price of €7.00 is trading 29.5% below its estimated GF Value™ of €9.93. GuruFocus considers Bulgarian Stock Exchange AD to be Possible Value Trap.

Key valuation signals for FRA:0KP:

  • PB Ratio: 3.79 (13% below median its 10-year median of 4.36)
  • GF Value™: €9.93 vs. price of €7.00 (29.5% below fair value)
  • GF Score™: 59/100 with 7 warning signs
  • Industry Position: 194.9% above the Capital Markets median (#634 of 776)

No single metric tells the full story. See the FRA:0KP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bulgarian Stock Exchange AD Business Description

Other Exchanges BSE:Bulgaria
Address 6 Tri ushi Street, Sofia, BGR, 1301
Bulgarian Stock Exchange AD is functioning stock exchange in Bulgaria. The principal activity of the group is to organize trade in securities and other financial instruments; organize and maintain an information system for security deals; and establish and maintain a clearing system. It has aggregated its operations into three reportable segments - Trading in Financial Instruments, Information Services, and Registration of Issues for Trading. It offers a wide range of RSS information services to serve the corporate clients, such as data-vendors, investment intermediaries, and issuers. The group performs their activities in Bulgaria only.
59GF Score

Get the complete analysis for FRA:0KP

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€7.00
Price
€9.93
GF Value