Toll BrothersFRA:TLK +4.95%93 PB Ratio is 1.82 as of Jun. 26, 2026, which is 39% above its 10-year median of 1.31. GuruFocus rates FRA:TLK with a GF Score™ of 93/100 and a GF Value™ of €119.00 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 94 Homebuilding & Construction companies, Toll Brothers ranks worse than 73.4% 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), Toll Brothers's share price is €140.95. Toll Brothers's Book Value per Share for the quarter that ended in Apr. 2026 was €77.38. Hence, Toll Brothers's PB Ratio of today is 1.82.
Warning Sign:
Toll Brothers Inc stock PB Ratio (=1.79) is close to 1-year high of 1.87.
The historical rank and industry rank for Toll Brothers's PB Ratio or its related term are showing as below:
FRA:TLK'
s PB Ratio Range Over the Past 10 Years
Min: 0.44 Med: 1.31 Max: 2.17
Current: 1.79
During the past 13 years, Toll Brothers's highest PB Ratio was 2.17. The lowest was 0.44. And the median was 1.31.
FRA:TLK's PB Ratio is ranked worse than 73.4% of 94
companies
in the Homebuilding & Construction industry
Industry Median: 1.02
vs FRA:TLK: 1.79
During the past 12 months, Toll Brothers's average Book Value Per Share Growth Rate was 12.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 16.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 18.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 14.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Toll Brothers was 39.70% per year. The lowest was -11.90% per year. And the median was 16.80% 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.
Toll Brothers PB Ratio Related Terms
Toll Brothers PB Ratio Historical Data
* Premium members only.
The historical data trend for Toll Brothers'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 Residential Construction subindustry, Toll Brothers'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.
Toll Brothers PB Ratio vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Toll Brothers's PB Ratio distribution charts can be found below:
* The bar in red indicates where Toll Brothers'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.
Toll Brothers'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.
Toll Brothers (FRA:TLK) has a PB Ratio of 1.82 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 Toll Brothers and its competitors. This is 39% above median its historical median of 1.31. Over the past decade, Toll Brothers' PB Ratio has ranged from 0.44 to 2.17. According to the industry distribution chart, Toll Brothers ranks #69 out of 94 companies in the Homebuilding & Construction industry, placing it in the top 73.4%.
Is Toll Brothers' PB Ratio too high?
Toll Brothers' current PB Ratio of 1.82 is 39% above median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 2.17. The Homebuilding & Construction industry median PB Ratio is 1.02. Toll Brothers' value of 1.82 is 78.4% above this industry median. Based on the distribution chart, Toll Brothers ranks #69 out of 94 companies in the Homebuilding & Construction industry, which is below the industry midpoint. Overall, Toll Brothers has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toll Brothers' PB Ratio compare to NVR and IBP?
According to the Homebuilding & Construction industry distribution chart, Toll Brothers ranks #69 out of 94 companies for PB Ratio. This places Toll Brothers in the lower half of its industry. The industry median PB Ratio is 1.02. Toll Brothers' value of 1.82 is 78.4% above this benchmark. Historically, Toll Brothers' own PB Ratio has ranged from 0.44 to 2.17 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 1.02, Toll Brothers 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 Homebuilding & Construction company?
The median PB Ratio among Homebuilding & Construction companies is 1.02, based on 94 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. Toll Brothers's current PB Ratio of 1.82 is 78.4% 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 Toll Brothers and its competitors. For the Homebuilding & Construction industry, the median PB Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toll Brothers's current PB Ratio is 1.82, which is 39% above median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toll Brothers stock overvalued right now?
Based on GuruFocus' analysis, Toll Brothers (FRA:TLK) is currently considered Modestly Overvalued. The stock's GF Value™ is €119.00, compared to a current price of €140.95 — trading 18.4% above its estimated fair value. The current PB Ratio is 1.82, which is 39% above median its 10-year median of 1.31 and 78.4% above the Homebuilding & Construction industry median of 1.02. Toll Brothers' overall GF Score™ is 93/100 with 8 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 Toll Brothers (FRA:TLK), the current PB Ratio is 1.82 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 Toll Brothers (FRA:TLK) Overvalued in 2026?
Based on GuruFocus' analysis, Toll Brothers stock appears to be overvalued.
The current stock price of €140.95 is trading 18.4% above its estimated GF Value™ of €119.00.
GuruFocus considers Toll Brothers to be Modestly Overvalued.
Key valuation signals for FRA:TLK:
PB Ratio: 1.82 (39% above median its 10-year median of 1.31)
GF Value™: €119.00 vs. price of €140.95 (18.4% above fair value)
Industry Position: 78.4% above the Homebuilding & Construction median (#69 of 94)
No single metric tells the full story. See the FRA:TLK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toll Brothers is the leading luxury homebuilder in the United States with an average sale price well above public competitors'. The company operates in over 60 markets across 24 states and caters to move-up, active-adult, and second-homebuyers. Toll Brothers consistently ranks as a top 10 builder within the US according to total home closings. Traditional homebuilding operations represent most of the company's revenue. Toll Brothers also builds luxury for-sale and for-rent properties in urban centers across the US It has its headquarters in Horsham, Pennsylvania.
93GF Score
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