Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Trinet GroupFRA:TN3 +1.94%72 PB Ratio is 33.74 as of Jul. 21, 2026, which is 178% above its 10-year median of 12.14. GuruFocus rates FRA:TN3 with a GF Score™ of 72/100 and a GF Value™ of €83.72. The stock has 5 warning signs investors should review. Among 1,047 Business Services companies, Trinet Group ranks worse than 99.04% 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 (2026-07-21), Trinet Group's share price is €52.50. Trinet Group's Book Value per Share for the quarter that ended in Mar. 2026 was €1.56. Hence, Trinet Group's PB Ratio of today is 33.74.
The historical rank and industry rank for Trinet Group's PB Ratio or its related term are showing as below:
FRA:TN3'
s PB Ratio Range Over the Past 10 Years
Min: 4.33 Med: 12.14 Max: 607.83
Current: 34.4
During the past 13 years, Trinet Group's highest PB Ratio was 607.83. The lowest was 4.33. And the median was 12.14.
FRA:TN3's PB Ratio is ranked worse than 99.04% of 1047
companies
in the Business Services industry
Industry Median: 1.64
vs FRA:TN3: 34.40
During the past 12 months, Trinet Group's average Book Value Per Share Growth Rate was 38.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -55.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -42.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 15.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Trinet Group was 258.80% per year. The lowest was -55.30% per year. And the median was 29.50% 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.
Trinet Group PB Ratio Related Terms
Trinet Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Trinet Group'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 Staffing & Employment Services subindustry, Trinet 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.
Trinet Group PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Trinet Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Trinet 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.
Trinet Group'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.
Trinet Group (FRA:TN3) has a PB Ratio of 33.74 as of Jul. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Trinet Group and its competitors. This is 178% above median its historical median of 12.14. Over the past decade, Trinet Group's PB Ratio has ranged from 4.33 to 607.83. According to the industry distribution chart, Trinet Group ranks #1037 out of 1047 companies in the Business Services industry, placing it in the top 99%.
Is Trinet Group's PB Ratio too high?
Trinet Group's current PB Ratio of 33.74 is 178% above median its 10-year median of 12.14. Over the past 10 years, this metric has ranged from a low of 4.33 to a high of 607.83. The Business Services industry median PB Ratio is 1.64. Trinet Group's value of 33.74 is 1957.3% above this industry median. Based on the distribution chart, Trinet Group ranks #1037 out of 1047 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Trinet Group has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Trinet Group's PB Ratio compare to MAN and NSP?
According to the Business Services industry distribution chart, Trinet Group ranks #1037 out of 1047 companies for PB Ratio. This places Trinet Group in the lower half of its industry. The industry median PB Ratio is 1.64. Trinet Group's value of 33.74 is 1957.3% above this benchmark. Historically, Trinet Group's own PB Ratio has ranged from 4.33 to 607.83 over the past decade. While the company's 10-year median is 12.14 vs. the industry median of 1.64, Trinet 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 Business Services company?
The median PB Ratio among Business Services companies is 1.64, based on 1,047 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. Trinet Group's current PB Ratio of 33.74 is 1957.3% 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 Trinet Group and its competitors. For the Business Services industry, the median PB Ratio is 1.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trinet Group's current PB Ratio is 33.74, which is 178% above median its own 10-year median of 12.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trinet Group stock overvalued right now?
Trinet Group (FRA:TN3) has a current PB Ratio of 33.74. The stock's GF Value™ is €83.72, compared to a current price of €52.50 — trading 37.3% below its estimated fair value. The current PB Ratio is 33.74, which is 178% above median its 10-year median of 12.14 and 1957.3% above the Business Services industry median of 1.64. Trinet Group's overall GF Score™ is 72/100 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 Trinet Group (FRA:TN3), the current PB Ratio is 33.74 as of Jul. 21, 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 Trinet Group (FRA:TN3) Overvalued in 2026?
Based on GuruFocus' analysis, Trinet Group stock appears to be undervalued.
The current stock price of €52.50 is trading 37.3% below its estimated GF Value™ of €83.72.
Key valuation signals for FRA:TN3:
PB Ratio: 33.74 (178% above median its 10-year median of 12.14)
GF Value™: €83.72 vs. price of €52.50 (37.3% below fair value)
Industry Position: 1957.3% above the Business Services median (#1037 of 1047)
No single metric tells the full story. See the FRA:TN3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trinet Group Inc provides human resources solutions for small and medium-sized businesses through technology-enabled services. Its offerings include human capital expertise, employee benefits such as health insurance and retirement plans, payroll and payroll tax administration, risk mitigation, and compliance consulting. The company provides its services through professional employer organization (PEO) services delivered via a co-employment model, as well as administrative services organization (ASO) offerings. The majority of the company's revenue is derived from the insurance-related billings and administrative fees collected from PEO clients.
72GF Score
Get the complete analysis for FRA:TN3
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:TN3 has been successfully added to your 
