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ANZ Group HoldingsFRA:X5Z1 -0.57%62 PB Ratio is 1.52 as of Jul. 15, 2026, which is 20% above its 10-year median of 1.27. GuruFocus rates FRA:X5Z1 with a GF Score™ of 62/100 and a GF Value™ of €20.03 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,520 Banks companies, ANZ Group Holdings ranks worse than 78.95% on this metric.
The historical rank and industry rank for ANZ Group Holdings's PB Ratio or its related term are showing as below:
FRA:X5Z1'
s PB Ratio Range Over the Past 10 Years
Min: 0.71 Med: 1.27 Max: 1.72
Current: 1.52
During the past 13 years, ANZ Group Holdings's highest PB Ratio was 1.72. The lowest was 0.71. And the median was 1.27.
FRA:X5Z1's PB Ratio is ranked worse than 78.95% of 1520
companies
in the Banks industry
Industry Median: 1.11
vs FRA:X5Z1: 1.52
During the past 12 months, ANZ Group Holdings's average Book Value Per Share Growth Rate was -2.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of ANZ Group Holdings was 15.20% per year. The lowest was -10.10% per year. And the median was 6.65% per year.
Back to Basics: PB Ratio
ANZ Group Holdings (FRA:X5Z1) 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.
ANZ Group Holdings PB Ratio Related Terms
ANZ Group Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for ANZ Group Holdings'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 - Diversified subindustry, ANZ Group Holdings'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.
ANZ Group Holdings PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, ANZ Group Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where ANZ Group Holdings'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.
ANZ Group Holdings (FRA:X5Z1) has a PB Ratio of 1.52 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on ANZ Group Holdings and its competitors. This is 20% above median its historical median of 1.27. Over the past decade, ANZ Group Holdings' PB Ratio has ranged from 0.71 to 1.72. According to the industry distribution chart, ANZ Group Holdings ranks #1200 out of 1520 companies in the Banks industry, placing it in the top 78.9%.
Is ANZ Group Holdings' PB Ratio too high?
ANZ Group Holdings' current PB Ratio of 1.52 is 20% above median its 10-year median of 1.27. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 1.72. The Banks industry median PB Ratio is 1.11. ANZ Group Holdings' value of 1.52 is 36.9% above this industry median. Based on the distribution chart, ANZ Group Holdings ranks #1200 out of 1520 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, ANZ Group Holdings has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ANZ Group Holdings' PB Ratio compare to JPM and BAC?
According to the Banks industry distribution chart, ANZ Group Holdings ranks #1200 out of 1520 companies for PB Ratio. This places ANZ Group Holdings in the lower half of its industry. The industry median PB Ratio is 1.11. ANZ Group Holdings' value of 1.52 is 36.9% above this benchmark. Historically, ANZ Group Holdings' own PB Ratio has ranged from 0.71 to 1.72 over the past decade. While the company's 10-year median is 1.27 vs. the industry median of 1.11, ANZ Group Holdings 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 1.11, based on 1,520 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. ANZ Group Holdings's current PB Ratio of 1.52 is 36.9% 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 ANZ Group Holdings and its competitors. For the Banks industry, the median PB Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ANZ Group Holdings's current PB Ratio is 1.52, which is 20% above median its own 10-year median of 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANZ Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, ANZ Group Holdings (FRA:X5Z1) is currently considered Fairly Valued. The stock's GF Value™ is €20.03, compared to a current price of €21.77 — trading 8.7% above its estimated fair value. The current PB Ratio is 1.52, which is 20% above median its 10-year median of 1.27 and 36.9% above the Banks industry median of 1.11. ANZ Group Holdings' overall GF Score™ is 62/100 with 4 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 ANZ Group Holdings (FRA:X5Z1), the current PB Ratio is 1.52 as of Jul. 15, 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 ANZ Group Holdings (FRA:X5Z1) Overvalued in 2026?
Based on GuruFocus' analysis, ANZ Group Holdings stock appears to be overvalued.
The current stock price of €21.77 is trading 8.7% above its estimated GF Value™ of €20.03.
GuruFocus considers ANZ Group Holdings to be Fairly Valued.
Key valuation signals for FRA:X5Z1:
PB Ratio: 1.52 (20% above median its 10-year median of 1.27)
GF Value™: €20.03 vs. price of €21.77 (8.7% above fair value)
Industry Position: 36.9% above the Banks median (#1200 of 1520)
No single metric tells the full story. See the FRA:X5Z1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ANZ Group is the owner of one of Australia's four major banks and provides retail, business, and institutional banking services to customers in Australia, New Zealand, and Asia-Pacific. The super-regional Asian strategy was de-emphasized, with management focusing on the higher-returning businesses in Australia and New Zealand. ANZ Bank still retains a tilt to its Asia-centric strategy, but is now more balanced, better capitalized and a simpler bank.
62GF Score
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