Telstra GroupFRA:5KB -6.21%80 PB Ratio is 4.49 as of Jun. 24, 2026, which is 48% above its 10-year median of 3.03. GuruFocus rates FRA:5KB with a GF Score™ of 80/100 and a GF Value™ of €13.10. The stock has 6 warning signs investors should review. Among 342 Telecommunication Services companies, Telstra Group ranks worse than 82.46% 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 (2026-06-24), Telstra Group's share price is €15.10. Telstra Group's Book Value per Share for the quarter that ended in Dec. 2025 was €3.36. Hence, Telstra Group's PB Ratio of today is 4.49.
Warning Sign:
Telstra Group Ltd stock PB Ratio (=4.26) is close to 10-year high of 4.64.
The historical rank and industry rank for Telstra Group's PB Ratio or its related term are showing as below:
FRA:5KB'
s PB Ratio Range Over the Past 10 Years
Min: 2.14 Med: 3.03 Max: 4.64
Current: 4.26
During the past 13 years, Telstra Group's highest PB Ratio was 4.64. The lowest was 2.14. And the median was 3.03.
FRA:5KB's PB Ratio is ranked worse than 82.46% of 342
companies
in the Telecommunication Services industry
Industry Median: 1.87
vs FRA:5KB: 4.26
During the past 12 months, Telstra Group's average Book Value Per Share Growth Rate was -7.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Telstra Group was 11.20% per year. The lowest was -13.90% per year. And the median was 0.55% 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.
Telstra Group PB Ratio Related Terms
Telstra Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Telstra 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 Telecom Services subindustry, Telstra 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.
Telstra Group PB Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telstra Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Telstra 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.
Telstra 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.
Telstra Group (FRA:5KB) has a PB Ratio of 4.49 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Telstra Group and its competitors. This is 48% above median its historical median of 3.03. Over the past decade, Telstra Group's PB Ratio has ranged from 2.14 to 4.64. According to the industry distribution chart, Telstra Group ranks #282 out of 342 companies in the Telecommunication Services industry, placing it in the top 82.5%.
Is Telstra Group's PB Ratio too high?
Telstra Group's current PB Ratio of 4.49 is 48% above median its 10-year median of 3.03. Over the past 10 years, this metric has ranged from a low of 2.14 to a high of 4.64. The Telecommunication Services industry median PB Ratio is 1.87. Telstra Group's value of 4.49 is 140.1% above this industry median. Based on the distribution chart, Telstra Group ranks #282 out of 342 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Telstra Group has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Telstra Group's PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telstra Group ranks #282 out of 342 companies for PB Ratio. This places Telstra Group in the lower half of its industry. The industry median PB Ratio is 1.87. Telstra Group's value of 4.49 is 140.1% above this benchmark. Historically, Telstra Group's own PB Ratio has ranged from 2.14 to 4.64 over the past decade. While the company's 10-year median is 3.03 vs. the industry median of 1.87, Telstra 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 Telecommunication Services company?
The median PB Ratio among Telecommunication Services companies is 1.87, based on 342 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. Telstra Group's current PB Ratio of 4.49 is 140.1% 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 Telstra Group and its competitors. For the Telecommunication Services industry, the median PB Ratio is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telstra Group's current PB Ratio is 4.49, which is 48% above median its own 10-year median of 3.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telstra Group stock overvalued right now?
Telstra Group (FRA:5KB) has a current PB Ratio of 4.49. The stock's GF Value™ is €13.10, compared to a current price of €15.10 — trading 15.3% above its estimated fair value. The current PB Ratio is 4.49, which is 48% above median its 10-year median of 3.03 and 140.1% above the Telecommunication Services industry median of 1.87. Telstra Group's overall GF Score™ is 80/100 with 6 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 Telstra Group (FRA:5KB), the current PB Ratio is 4.49 as of Jun. 24, 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 Telstra Group (FRA:5KB) Overvalued in 2026?
Based on GuruFocus' analysis, Telstra Group stock appears to be overvalued.
The current stock price of €15.10 is trading 15.3% above its estimated GF Value™ of €13.10.
Key valuation signals for FRA:5KB:
PB Ratio: 4.49 (48% above median its 10-year median of 3.03)
GF Value™: €13.10 vs. price of €15.10 (15.3% above fair value)
Industry Position: 140.1% above the Telecommunication Services median (#282 of 342)
No single metric tells the full story. See the FRA:5KB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telstra is Australia's largest telecommunications company, with dominant market shares in voice, mobile, enterprise telecom, and fixed-line broadband resale via the national broadband network. Telstra provides most of its services via its infrastructure assets, such as a fixed-line network (data centers, exchanges, poles, ducts, pits and pipes, fiber network), a mobile network, and mobile towers. Its customers span retail, corporate, government, wholesale, and overseas segments. Telstra also provides the government-owned, last-mile fixed-line National Broadband Network with long-term access to its infrastructure, in return for recurring payments. Finally, Telstra operates a leading telecom operation in Papua New Guinea and the surrounding South-Pacific countries.
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