Marks & Spencer GroupHAM:MA6 -0.46%84 PB Ratio is 2.54 as of Jun. 27, 2026, which is 58% above its 10-year median of 1.61. GuruFocus rates HAM:MA6 with a GF Score™ of 84/100 and a GF Value™ of €4.80. The stock has 3 warning signs investors should review. Among 1,077 Retail - Cyclical companies, Marks & Spencer Group ranks worse than 70.47% on this metric.
The historical rank and industry rank for Marks & Spencer Group's PB Ratio or its related term are showing as below:
HAM:MA6'
s PB Ratio Range Over the Past 10 Years
Min: 0.45 Med: 1.61 Max: 2.95
Current: 2.54
During the past 13 years, Marks & Spencer Group's highest PB Ratio was 2.95. The lowest was 0.45. And the median was 1.61.
HAM:MA6's PB Ratio is ranked worse than 70.47% of 1077
companies
in the Retail - Cyclical industry
Industry Median: 1.44
vs HAM:MA6: 2.54
During the past 12 months, Marks & Spencer Group's average Book Value Per Share Growth Rate was 6.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 3.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -3.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Marks & Spencer Group was 31.00% per year. The lowest was -25.70% per year. And the median was 3.70% per year.
Back to Basics: PB Ratio
Marks & Spencer Group (HAM:MA6) 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.
* 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 Department Stores subindustry, Marks & Spencer 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.
Marks & Spencer Group PB Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Marks & Spencer Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Marks & Spencer 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.
* 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.
Marks & Spencer Group (HAM:MA6) has a PB Ratio of 2.54 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Marks & Spencer Group and its competitors. This is 58% above median its historical median of 1.61. Over the past decade, Marks & Spencer Group's PB Ratio has ranged from 0.45 to 2.95. According to the industry distribution chart, Marks & Spencer Group ranks #759 out of 1077 companies in the Retail - Cyclical industry, placing it in the top 70.5%.
Is Marks & Spencer Group's PB Ratio too high?
Marks & Spencer Group's current PB Ratio of 2.54 is 58% above median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 2.95. The Retail - Cyclical industry median PB Ratio is 1.44. Marks & Spencer Group's value of 2.54 is 76.4% above this industry median. Based on the distribution chart, Marks & Spencer Group ranks #759 out of 1077 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Marks & Spencer Group has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Marks & Spencer Group's PB Ratio compare to DDS?
According to the Retail - Cyclical industry distribution chart, Marks & Spencer Group ranks #759 out of 1077 companies for PB Ratio. This places Marks & Spencer Group in the lower half of its industry. The industry median PB Ratio is 1.44. Marks & Spencer Group's value of 2.54 is 76.4% above this benchmark. Historically, Marks & Spencer Group's own PB Ratio has ranged from 0.45 to 2.95 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 1.44, Marks & Spencer 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 Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.44, based on 1,077 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. Marks & Spencer Group's current PB Ratio of 2.54 is 76.4% 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 Marks & Spencer Group and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marks & Spencer Group's current PB Ratio is 2.54, which is 58% above median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marks & Spencer Group stock overvalued right now?
Marks & Spencer Group (HAM:MA6) has a current PB Ratio of 2.54. The stock's GF Value™ is €4.80, compared to a current price of €4.36 — trading 9.2% below its estimated fair value. The current PB Ratio is 2.54, which is 58% above median its 10-year median of 1.61 and 76.4% above the Retail - Cyclical industry median of 1.44. Marks & Spencer Group's overall GF Score™ is 84/100 with 3 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 Marks & Spencer Group (HAM:MA6), the current PB Ratio is 2.54 as of Jun. 27, 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 Marks & Spencer Group (HAM:MA6) Overvalued in 2026?
Based on GuruFocus' analysis, Marks & Spencer Group stock appears to be undervalued.
The current stock price of €4.36 is trading 9.2% below its estimated GF Value™ of €4.80.
Key valuation signals for HAM:MA6:
PB Ratio: 2.54 (58% above median its 10-year median of 1.61)
GF Value™: €4.80 vs. price of €4.36 (9.2% below fair value)
Industry Position: 76.4% above the Retail - Cyclical median (#759 of 1077)
No single metric tells the full story. See the HAM:MA6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marks & Spencer is a British multichannel retailer with stores across Europe, Asia, and the Middle East. The majority of revenue stems from the firm's UK operations, selling its own-brand food, clothing, and home merchandise predominantly. The food segment includes value products (dairy, poultry, meat, fresh produce), ready-made meals, and healthy items. The clothing and home division sells women's wear, lingerie, men's wear, kids' wear, beauty, and home products. The remaining revenue comes from international sales, where M&S sells through a mix of its own stores, franchises, and online channels.In 2020, the firm entered into a joint venture, purchasing 50% of grocery e-commerce business Ocado Retail. Ocado is the exclusive online distributor of M&S food within the UK.
84GF Score
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