Singapore ExchangeFRA:SOU +0.63%88 PB Ratio is 11.40 as of Jun. 26, 2026, which is 49% above its 10-year median of 7.64. GuruFocus rates FRA:SOU with a GF Score™ of 88/100 and a GF Value™ of €8.57 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 778 Capital Markets companies, Singapore Exchange ranks worse than 96.4% on this metric.
Singapore Exchange Ltd stock PB Ratio (=11.21) is close to 10-year high of 11.63.
The historical rank and industry rank for Singapore Exchange's PB Ratio or its related term are showing as below:
FRA:SOU'
s PB Ratio Range Over the Past 10 Years
Min: 5.22 Med: 7.64 Max: 11.63
Current: 10.94
During the past 13 years, Singapore Exchange's highest PB Ratio was 11.63. The lowest was 5.22. And the median was 7.64.
FRA:SOU's PB Ratio is ranked worse than 96.4% of 778
companies
in the Capital Markets industry
Industry Median: 1.29
vs FRA:SOU: 10.94
During the past 12 months, Singapore Exchange's average Book Value Per Share Growth Rate was 12.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 12.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 8.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Singapore Exchange was 22.40% per year. The lowest was -16.40% per year. And the median was 3.90% 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.
Singapore Exchange PB Ratio Related Terms
Singapore Exchange PB Ratio Historical Data
* Premium members only.
The historical data trend for Singapore Exchange'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 Financial Data & Stock Exchanges subindustry, Singapore Exchange'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.
Singapore Exchange PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Singapore Exchange's PB Ratio distribution charts can be found below:
* The bar in red indicates where Singapore Exchange'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.
Singapore Exchange (FRA:SOU) has a PB Ratio of 11.40 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 Singapore Exchange and its competitors. This is 49% above median its historical median of 7.64. Over the past decade, Singapore Exchange's PB Ratio has ranged from 5.22 to 11.63. According to the industry distribution chart, Singapore Exchange ranks #750 out of 778 companies in the Capital Markets industry, placing it in the top 96.4%.
Is Singapore Exchange's PB Ratio too high?
Singapore Exchange's current PB Ratio of 11.40 is 49% above median its 10-year median of 7.64. Over the past 10 years, this metric has ranged from a low of 5.22 to a high of 11.63. The Capital Markets industry median PB Ratio is 1.29. Singapore Exchange's value of 11.40 is 783.7% above this industry median. Based on the distribution chart, Singapore Exchange ranks #750 out of 778 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Singapore Exchange has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Singapore Exchange's PB Ratio compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Singapore Exchange ranks #750 out of 778 companies for PB Ratio. This places Singapore Exchange in the lower half of its industry. The industry median PB Ratio is 1.29. Singapore Exchange's value of 11.40 is 783.7% above this benchmark. Historically, Singapore Exchange's own PB Ratio has ranged from 5.22 to 11.63 over the past decade. While the company's 10-year median is 7.64 vs. the industry median of 1.29, Singapore Exchange 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 1.29, 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. Singapore Exchange's current PB Ratio of 11.40 is 783.7% 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 Singapore Exchange and its competitors. For the Capital Markets industry, the median PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Exchange's current PB Ratio is 11.40, which is 49% above median its own 10-year median of 7.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Exchange stock overvalued right now?
Based on GuruFocus' analysis, Singapore Exchange (FRA:SOU) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.57, compared to a current price of €16.10 — trading 87.9% above its estimated fair value. The current PB Ratio is 11.40, which is 49% above median its 10-year median of 7.64 and 783.7% above the Capital Markets industry median of 1.29. Singapore Exchange'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 Singapore Exchange (FRA:SOU), the current PB Ratio is 11.40 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 Singapore Exchange (FRA:SOU) Overvalued in 2026?
Based on GuruFocus' analysis, Singapore Exchange stock appears to be overvalued.
The current stock price of €16.10 is trading 87.9% above its estimated GF Value™ of €8.57.
GuruFocus considers Singapore Exchange to be Significantly Overvalued.
Key valuation signals for FRA:SOU:
PB Ratio: 11.40 (49% above median its 10-year median of 7.64)
GF Value™: €8.57 vs. price of €16.10 (87.9% above fair value)
Industry Position: 783.7% above the Capital Markets median (#750 of 778)
No single metric tells the full story. See the FRA:SOU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Singapore Exchange is a vertically integrated securities exchange business, offering listing-, data-, trading-, clearing- and settlement services across equities, debt and derivatives. Singapore Exchange, like Singapore itself, is remarkably outward-facing and offers some of the most liquid and widely traded equity derivative products for various regional markets, including the FTSE China A50 Index Futures.
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