London Stock Exchange GroupFRA:LS4C +1.13%88 PB Ratio is 2.22 as of Jun. 24, 2026, which is 38% below its 10-year median of 3.56. GuruFocus rates FRA:LS4C with a GF Score™ of 88/100 and a GF Value™ of €128.07 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 778 Capital Markets companies, London Stock Exchange Group ranks worse than 66.45% on this metric.
The historical rank and industry rank for London Stock Exchange Group's PB Ratio or its related term are showing as below:
FRA:LS4C'
s PB Ratio Range Over the Past 10 Years
Min: 1.53 Med: 3.56 Max: 9.34
Current: 2.18
During the past 13 years, London Stock Exchange Group's highest PB Ratio was 9.34. The lowest was 1.53. And the median was 3.56.
FRA:LS4C's PB Ratio is ranked worse than 66.45% of 778
companies
in the Capital Markets industry
Industry Median: 1.31
vs FRA:LS4C: 2.18
During the past 12 months, London Stock Exchange Group's average Book Value Per Share Growth Rate was -10.50% 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 20.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 24.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of London Stock Exchange Group was 68.20% per year. The lowest was -6.10% per year. And the median was 13.70% per year.
Back to Basics: PB Ratio
London Stock Exchange Group (FRA:LS4C) PB Ratio Explanation
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.
London Stock Exchange Group PB Ratio Related Terms
London Stock Exchange Group PB Ratio Historical Data
* 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 Financial Data & Stock Exchanges subindustry, London Stock Exchange 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.
London Stock Exchange Group PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, London Stock Exchange Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where London Stock Exchange 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.
* 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.
London Stock Exchange Group (FRA:LS4C) has a PB Ratio of 2.22 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 London Stock Exchange Group and its competitors. This is 38% below median its historical median of 3.56. Over the past decade, London Stock Exchange Group's PB Ratio has ranged from 1.53 to 9.34. According to the industry distribution chart, London Stock Exchange Group ranks #517 out of 778 companies in the Capital Markets industry, placing it in the top 66.5%.
Is London Stock Exchange Group's PB Ratio too high?
London Stock Exchange Group's current PB Ratio of 2.22 is 38% below median its 10-year median of 3.56. Over the past 10 years, this metric has ranged from a low of 1.53 to a high of 9.34. The Capital Markets industry median PB Ratio is 1.31. London Stock Exchange Group's value of 2.22 is 69.5% above this industry median. Based on the distribution chart, London Stock Exchange Group ranks #517 out of 778 companies in the Capital Markets industry, which is below the industry midpoint. Overall, London Stock Exchange Group has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does London Stock Exchange Group's PB Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, London Stock Exchange Group ranks #517 out of 778 companies for PB Ratio. This places London Stock Exchange Group in the lower half of its industry. The industry median PB Ratio is 1.31. London Stock Exchange Group's value of 2.22 is 69.5% above this benchmark. Historically, London Stock Exchange Group's own PB Ratio has ranged from 1.53 to 9.34 over the past decade. While the company's 10-year median is 3.56 vs. the industry median of 1.31, London Stock Exchange 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 Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.31, based on 778 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. London Stock Exchange Group's current PB Ratio of 2.22 is 69.5% 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 London Stock Exchange Group and its competitors. For the Capital Markets industry, the median PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. London Stock Exchange Group's current PB Ratio is 2.22, which is 38% below median its own 10-year median of 3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is London Stock Exchange Group stock overvalued right now?
Based on GuruFocus' analysis, London Stock Exchange Group (FRA:LS4C) is currently considered Modestly Undervalued. The stock's GF Value™ is €128.07, compared to a current price of €98.78 — trading 22.9% below its estimated fair value. The current PB Ratio is 2.22, which is 38% below median its 10-year median of 3.56 and 69.5% above the Capital Markets industry median of 1.31. London Stock Exchange Group's overall GF Score™ is 88/100 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 London Stock Exchange Group (FRA:LS4C), the current PB Ratio is 2.22 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 London Stock Exchange Group (FRA:LS4C) Overvalued in 2026?
Based on GuruFocus' analysis, London Stock Exchange Group stock appears to be undervalued.
The current stock price of €98.78 is trading 22.9% below its estimated GF Value™ of €128.07.
GuruFocus considers London Stock Exchange Group to be Modestly Undervalued.
Key valuation signals for FRA:LS4C:
PB Ratio: 2.22 (38% below median its 10-year median of 3.56)
GF Value™: €128.07 vs. price of €98.78 (22.9% below fair value)
Industry Position: 69.5% above the Capital Markets median (#517 of 778)
No single metric tells the full story. See the FRA:LS4C stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
London Stock Exchange Group is a fully integrated financial exchange company covering the financial market value chain from primary and secondary markets across multiple asset classes over data, index, and analytics down to clearing and post-trading reporting. With the acquisition of Refinitiv, LSEG generates about two-thirds of its revenue from data and analytics including its FTSE Russell and WM/Refinitiv benchmarks as well as data feeds and terminals. The group is also a majority shareholder in Tradeweb, one of the dominant global fixed-income trading venues, as well as LCH, the largest clearinghouse for over-the-counter swaps globally.
88GF Score
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