Coles GroupFRA:2OF 72 PB Ratio is 8.65 as of Jun. 25, 2026, which is 15% above its 10-year median of 7.49. GuruFocus rates FRA:2OF with a GF Score™ of 72/100 and a GF Value™ of €12.19 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 306 Retail - Defensive companies, Coles Group ranks worse than 91.18% 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 (2026-06-25), Coles Group's share price is €14.20. Coles Group's Book Value per Share for the quarter that ended in Dec. 2025 was €1.64. Hence, Coles Group's PB Ratio of today is 8.65.
Warning Sign:
Coles Group Ltd stock PB Ratio (=8.18) is close to 5-year high of 8.93.
The historical rank and industry rank for Coles Group's PB Ratio or its related term are showing as below:
FRA:2OF'
s PB Ratio Range Over the Past 10 Years
Min: 5.22 Med: 7.49 Max: 9.76
Current: 8.18
During the past 8 years, Coles Group's highest PB Ratio was 9.76. The lowest was 5.22. And the median was 7.49.
FRA:2OF's PB Ratio is ranked worse than 91.18% of 306
companies
in the Retail - Defensive industry
Industry Median: 1.655
vs FRA:2OF: 8.18
During the past 12 months, Coles Group's average Book Value Per Share Growth Rate was 3.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.90% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Coles Group was 8.70% per year. The lowest was -2.30% per year. And the median was 6.50% 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.
Coles Group PB Ratio Related Terms
Coles Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Coles 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 Grocery Stores subindustry, Coles 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.
Coles Group PB Ratio vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Coles Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Coles 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.
Coles Group'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.
Coles Group (FRA:2OF) has a PB Ratio of 8.65 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 Coles Group and its competitors. This is 15% above median its historical median of 7.49. Over the past decade, Coles Group's PB Ratio has ranged from 5.22 to 9.76. According to the industry distribution chart, Coles Group ranks #279 out of 306 companies in the Retail - Defensive industry, placing it in the top 91.2%.
Is Coles Group's PB Ratio too high?
Coles Group's current PB Ratio of 8.65 is 15% above median its 10-year median of 7.49. Over the past 10 years, this metric has ranged from a low of 5.22 to a high of 9.76. The Retail - Defensive industry median PB Ratio is 1.66. Coles Group's value of 8.65 is 422.7% above this industry median. Based on the distribution chart, Coles Group ranks #279 out of 306 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Coles Group has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coles Group's PB Ratio compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Coles Group ranks #279 out of 306 companies for PB Ratio. This places Coles Group in the lower half of its industry. The industry median PB Ratio is 1.66. Coles Group's value of 8.65 is 422.7% above this benchmark. Historically, Coles Group's own PB Ratio has ranged from 5.22 to 9.76 over the past decade. While the company's 10-year median is 7.49 vs. the industry median of 1.66, Coles 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 Retail - Defensive company?
The median PB Ratio among Retail - Defensive companies is 1.66, based on 306 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. Coles Group's current PB Ratio of 8.65 is 422.7% 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 Coles Group and its competitors. For the Retail - Defensive industry, the median PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coles Group's current PB Ratio is 8.65, which is 15% above median its own 10-year median of 7.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coles Group stock overvalued right now?
Based on GuruFocus' analysis, Coles Group (FRA:2OF) is currently considered Modestly Overvalued. The stock's GF Value™ is €12.19, compared to a current price of €14.20 — trading 16.5% above its estimated fair value. The current PB Ratio is 8.65, which is 15% above median its 10-year median of 7.49 and 422.7% above the Retail - Defensive industry median of 1.66. Coles Group's overall GF Score™ is 72/100 with 8 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 Coles Group (FRA:2OF), the current PB Ratio is 8.65 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 Coles Group (FRA:2OF) Overvalued in 2026?
Based on GuruFocus' analysis, Coles Group stock appears to be overvalued.
The current stock price of €14.20 is trading 16.5% above its estimated GF Value™ of €12.19.
GuruFocus considers Coles Group to be Modestly Overvalued.
Key valuation signals for FRA:2OF:
PB Ratio: 8.65 (15% above median its 10-year median of 7.49)
GF Value™: €12.19 vs. price of €14.20 (16.5% above fair value)
Industry Position: 422.7% above the Retail - Defensive median (#279 of 306)
No single metric tells the full story. See the FRA:2OF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coles is one of Australia's largest retailers, operating the second-largest supermarket chain behind market leader Woolworths, and the country's second-largest liquor chain. The group has an extensive store network of over 1,800 stores and roughly 80% of Australians live within a 10-minute drive from a Coles store. The retailer employs some 120,000 people, who process some 20 million individual customer transactions a week. This compares with Woolworths processing about 30 million customer transactions per week from Australia's population of 27 million.
72GF Score
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