Callaway Golf CoFRA:CLY +1.72%72 PB Ratio is 1.61 as of Jun. 26, 2026, which is 8% above its 10-year median of 1.49. GuruFocus rates FRA:CLY with a GF Score™ of 72/100 and a GF Value™ of €10.20 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 795 Travel & Leisure companies, Callaway Golf Co ranks worse than 52.33% 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), Callaway Golf Co's share price is €16.225. Callaway Golf Co's Book Value per Share for the quarter that ended in Mar. 2026 was €10.11. Hence, Callaway Golf Co's PB Ratio of today is 1.61.
Warning Sign:
Callaway Golf Co stock PB Ratio (=1.58) is close to 5-year high of 1.65.
The historical rank and industry rank for Callaway Golf Co's PB Ratio or its related term are showing as below:
FRA:CLY'
s PB Ratio Range Over the Past 10 Years
Min: 0.35 Med: 1.49 Max: 4.31
Current: 1.58
During the past 13 years, Callaway Golf Co's highest PB Ratio was 4.31. The lowest was 0.35. And the median was 1.49.
FRA:CLY's PB Ratio is ranked worse than 52.33% of 795
companies
in the Travel & Leisure industry
Industry Median: 1.48
vs FRA:CLY: 1.58
During the past 12 months, Callaway Golf Co's average Book Value Per Share Growth Rate was -11.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -18.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 13.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Callaway Golf Co was 122.80% per year. The lowest was -30.10% per year. And the median was 5.20% 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.
Callaway Golf Co PB Ratio Related Terms
Callaway Golf Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Callaway Golf Co'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 Leisure subindustry, Callaway Golf Co'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.
Callaway Golf Co PB Ratio vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Callaway Golf Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Callaway Golf Co'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.
Callaway Golf Co (FRA:CLY) has a PB Ratio of 1.61 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 Callaway Golf Co and its competitors. This is near median its historical median of 1.49. Over the past decade, Callaway Golf Co's PB Ratio has ranged from 0.35 to 4.31. According to the industry distribution chart, Callaway Golf Co ranks #416 out of 795 companies in the Travel & Leisure industry, placing it in the top 52.3%.
Is Callaway Golf Co's PB Ratio too high?
Callaway Golf Co's current PB Ratio of 1.61 is near median its 10-year median of 1.49. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 4.31. The Travel & Leisure industry median PB Ratio is 1.48. Callaway Golf Co's value of 1.61 is 8.8% above this industry median. Based on the distribution chart, Callaway Golf Co ranks #416 out of 795 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Callaway Golf Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Callaway Golf Co's PB Ratio compare to PTON and OSW?
According to the Travel & Leisure industry distribution chart, Callaway Golf Co ranks #416 out of 795 companies for PB Ratio. This places Callaway Golf Co in the lower half of its industry. The industry median PB Ratio is 1.48. Callaway Golf Co's value of 1.61 is 8.8% above this benchmark. Historically, Callaway Golf Co's own PB Ratio has ranged from 0.35 to 4.31 over the past decade. While the company's 10-year median is 1.49 vs. the industry median of 1.48, Callaway Golf Co 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 Travel & Leisure company?
The median PB Ratio among Travel & Leisure companies is 1.48, based on 795 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. Callaway Golf Co's current PB Ratio of 1.61 is 8.8% 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 Callaway Golf Co and its competitors. For the Travel & Leisure industry, the median PB Ratio is 1.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Callaway Golf Co's current PB Ratio is 1.61, which is near median its own 10-year median of 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Callaway Golf Co stock overvalued right now?
Based on GuruFocus' analysis, Callaway Golf Co (FRA:CLY) is currently considered Significantly Overvalued. The stock's GF Value™ is €10.20, compared to a current price of €16.23 — trading 59.1% above its estimated fair value. The current PB Ratio is 1.61, which is near median its 10-year median of 1.49 and 8.8% above the Travel & Leisure industry median of 1.48. Callaway Golf Co's overall GF Score™ is 72/100 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 Callaway Golf Co (FRA:CLY), the current PB Ratio is 1.61 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 Callaway Golf Co (FRA:CLY) Overvalued in 2026?
Based on GuruFocus' analysis, Callaway Golf Co stock appears to be overvalued.
The current stock price of €16.23 is trading 59.1% above its estimated GF Value™ of €10.20.
GuruFocus considers Callaway Golf Co to be Significantly Overvalued.
Key valuation signals for FRA:CLY:
PB Ratio: 1.61 (near median its 10-year median of 1.49)
GF Value™: €10.20 vs. price of €16.23 (59.1% above fair value)
Industry Position: 8.8% above the Travel & Leisure median (#416 of 795)
No single metric tells the full story. See the FRA:CLY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Callaway Golf Co is a golf equipment, gear and apparel company with a portfolio of world-wide brands, including Callaway Golf, Odyssey, TravisMathew, and OGIO. Callaway designs, manufactures, and sells high-performance golf clubs, golf balls, apparel, bags, and other accessories-setting the standard for performance in the game of golf. The company has two operating and reportable business segments: Golf Equipment and Apparel, Gear and Other. Geographically, the company operates in United States, Europe, Asia, and Rest of World, of which it derives maximum revenue from United States.
72GF Score
Get the complete analysis for FRA:CLY
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
FRA:CLY has been successfully added to your 
