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First NationalFRA:I9G +0.73%64 PB Ratio is 1.49 as of Aug. 17, 2026, which is 24% above its 10-year median of 1.20. GuruFocus rates FRA:I9G with a GF Score™ of 64/100 and a GF Value™ of €20.70. The stock has 5 warning signs investors should review. Among 1,514 Banks companies, First National ranks worse than 75.23% 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 (2026-08-17), First National's share price is €27.75. First National's Book Value per Share for the quarter that ended in Jun. 2026 was €18.58. Hence, First National's PB Ratio of today is 1.49.
Warning Sign:
First National Corp stock PB Ratio (=1.5) is close to 5-year high of 1.5.
The historical rank and industry rank for First National's PB Ratio or its related term are showing as below:
FRA:I9G'
s PB Ratio Range Over the Past 10 Years
Min: 0.79 Med: 1.2 Max: 1.81
Current: 1.5
During the past 13 years, First National's highest PB Ratio was 1.81. The lowest was 0.79. And the median was 1.20.
FRA:I9G's PB Ratio is ranked worse than 75.23% of 1514
companies
in the Banks industry
Industry Median: 1.12
vs FRA:I9G: 1.50
During the past 12 months, First National's average Book Value Per Share Growth Rate was 10.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of First National was 14.60% per year. The lowest was -23.50% per year. And the median was 8.15% 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 National PB Ratio Related Terms
First National PB Ratio Historical Data
* Premium members only.
The historical data trend for First National'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 National'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 National PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, First National's PB Ratio distribution charts can be found below:
* The bar in red indicates where First National'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 National'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 National (FRA:I9G) has a PB Ratio of 1.49 as of Aug. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on First National and its competitors. This is 24% above median its historical median of 1.20. Over the past decade, First National's PB Ratio has ranged from 0.79 to 1.81. According to the industry distribution chart, First National ranks #1139 out of 1514 companies in the Banks industry, placing it in the top 75.2%.
Is First National's PB Ratio too high?
First National's current PB Ratio of 1.49 is 24% above median its 10-year median of 1.20. Over the past 10 years, this metric has ranged from a low of 0.79 to a high of 1.81. The Banks industry median PB Ratio is 1.12. First National's value of 1.49 is 33% above this industry median. Based on the distribution chart, First National ranks #1139 out of 1514 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, First National has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does First National's PB Ratio compare to ATLO and HWBK?
According to the Banks industry distribution chart, First National ranks #1139 out of 1514 companies for PB Ratio. This places First National in the lower half of its industry. The industry median PB Ratio is 1.12. First National's value of 1.49 is 33% above this benchmark. Historically, First National's own PB Ratio has ranged from 0.79 to 1.81 over the past decade. While the company's 10-year median is 1.20 vs. the industry median of 1.12, First National 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 1.12, based on 1,514 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 National's current PB Ratio of 1.49 is 33% 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 National and its competitors. For the Banks industry, the median PB Ratio is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First National's current PB Ratio is 1.49, which is 24% above median its own 10-year median of 1.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First National stock overvalued right now?
First National (FRA:I9G) has a current PB Ratio of 1.49. The stock's GF Value™ is €20.70, compared to a current price of €27.75 — trading 34.1% above its estimated fair value. The current PB Ratio is 1.49, which is 24% above median its 10-year median of 1.20 and 33% above the Banks industry median of 1.12. First National's overall GF Score™ is 64/100 with 5 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 First National (FRA:I9G), the current PB Ratio is 1.49 as of Aug. 17, 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 National (FRA:I9G) Overvalued in 2026?
Based on GuruFocus' analysis, First National stock appears to be overvalued.
The current stock price of €27.75 is trading 34.1% above its estimated GF Value™ of €20.70.
Key valuation signals for FRA:I9G:
PB Ratio: 1.49 (24% above median its 10-year median of 1.20)
GF Value™: €20.70 vs. price of €27.75 (34.1% above fair value)
Industry Position: 33% above the Banks median (#1139 of 1514)
No single metric tells the full story. See the FRA:I9G stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First National Corp is a bank holding company of First Bank, which is a commercial bank. Its core offering includes loans, deposits, wealth management, and other products and services. The Company operates through two reportable operating segments: Community Banking and wealth management. The Community Banking segment involves making loans and generating deposits from individuals, businesses, and charitable organizations. Wealth Management Services offers corporate trustee services, trust and estate administration, IRA administration and custody services. The company has revenue from Community Banking segment.
64GF Score
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