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FS BancorpFSBW +1.28%62 PB Ratio is 1.02 as of Sep. 06, 2026, which is 8% below its 10-year median of 1.11. GuruFocus rates FSBW with a GF Score™ of 62/100 and a GF Value™ of $41.60 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,510 Banks companies, FS Bancorp ranks better than 59.47% 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 (2026-09-06), FS Bancorp's share price is $43.825. FS Bancorp's Book Value per Share for the quarter that ended in Jun. 2026 was $42.96. Hence, FS Bancorp's PB Ratio of today is 1.02.
The historical rank and industry rank for FS Bancorp's PB Ratio or its related term are showing as below:
FSBW'
s PB Ratio Range Over the Past 10 Years
Min: 0.64 Med: 1.11 Max: 1.86
Current: 1.02
During the past 13 years, FS Bancorp's highest PB Ratio was 1.86. The lowest was 0.64. And the median was 1.11.
FSBW's PB Ratio is ranked better than 59.47% of 1510
companies
in the Banks industry
Industry Median: 1.12
vs FSBW: 1.02
During the past 12 months, FS Bancorp's average Book Value Per Share Growth Rate was 10.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 13.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of FS Bancorp was 37.00% per year. The lowest was -10.70% per year. And the median was 13.05% 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.
FS Bancorp PB Ratio Related Terms
FS Bancorp PB Ratio Historical Data
* Premium members only.
The historical data trend for FS Bancorp'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 - Regional subindustry, FS Bancorp'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.
FS Bancorp PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, FS Bancorp's PB Ratio distribution charts can be found below:
* The bar in red indicates where FS Bancorp'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.
FS Bancorp'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.
FS Bancorp (FSBW) has a PB Ratio of 1.02 as of Sep. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on FS Bancorp and its competitors. This is near median its historical median of 1.11. Over the past decade, FS Bancorp's PB Ratio has ranged from 0.64 to 1.86. According to the industry distribution chart, FS Bancorp ranks #612 out of 1510 companies in the Banks industry, placing it in the top 40.5%.
Is FS Bancorp's PB Ratio too high?
FS Bancorp's current PB Ratio of 1.02 is near median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 1.86. The Banks industry median PB Ratio is 1.12. FS Bancorp's value of 1.02 is 8.9% below this industry median. Based on the distribution chart, FS Bancorp ranks #612 out of 1510 companies in the Banks industry, which is above the industry midpoint. Overall, FS Bancorp has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does FS Bancorp's PB Ratio compare to BFCC and CSHX?
According to the Banks industry distribution chart, FS Bancorp ranks #612 out of 1510 companies for PB Ratio. This puts FS Bancorp in the upper half of its industry. The industry median PB Ratio is 1.12. FS Bancorp's value of 1.02 is 8.9% below this benchmark. Historically, FS Bancorp's own PB Ratio has ranged from 0.64 to 1.86 over the past decade. While the company's 10-year median is 1.11 vs. the industry median of 1.12, FS Bancorp has consistently been below 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 1.12, based on 1,510 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. FS Bancorp's current PB Ratio of 1.02 is 8.9% below 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 FS Bancorp and its competitors. For the Banks industry, the median PB Ratio is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FS Bancorp's current PB Ratio is 1.02, which is near median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS Bancorp stock overvalued right now?
Based on GuruFocus' analysis, FS Bancorp (FSBW) is currently considered Fairly Valued. The stock's GF Value™ is $41.60, compared to a current price of $43.83 — trading 5.3% above its estimated fair value. The current PB Ratio is 1.02, which is near median its 10-year median of 1.11 and 8.9% below the Banks industry median of 1.12. FS Bancorp's overall GF Score™ is 62/100 with 6 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 FS Bancorp (FSBW), the current PB Ratio is 1.02 as of Sep. 06, 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 FS Bancorp (FSBW) Overvalued in 2026?
Based on GuruFocus' analysis, FS Bancorp stock appears to be overvalued.
The current stock price of $43.83 is trading 5.3% above its estimated GF Value™ of $41.60.
GuruFocus considers FS Bancorp to be Fairly Valued.
Key valuation signals for FSBW:
PB Ratio: 1.02 (near median its 10-year median of 1.11)
GF Value™: $41.60 vs. price of $43.83 (5.3% above fair value)
Industry Position: 8.9% below the Banks median (#612 of 1510)
No single metric tells the full story. See the FSBW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FS Bancorp Inc is the holding company of First Security Bank, a diversified lender with a focus on the origination of commercial real estate, one-to-four-family, and home equity loans, consumer loans, including a variety of indirect home improvement (fixture secured loans), and marine loans, and commercial business loans. The company has two operating segments; The commercial and consumer banking segment provides diversified financial products and services to its commercial and consumer customers through Bank branches, automated teller machines, online banking platforms, mobile banking apps, and telephone banking; and The home lending segment originates one-to-four-family residential mortgage loans for sale in the secondary markets as well as loans held for investment.
62GF Score
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