Protector Forsikring ASAHAM:PR4 +0.29%47 PB Ratio is 5.30 as of Jun. 26, 2026, which is 85% above its 10-year median of 2.87. GuruFocus rates HAM:PR4 with a GF Score™ of 47/100 and a GF Value™ of €31.38 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 497 Insurance companies, Protector Forsikring ASA ranks worse than 92.96% on this metric.
Protector Forsikring ASA stock PB Ratio (=5.29) is close to 1-year low of 4.93.
The historical rank and industry rank for Protector Forsikring ASA's PB Ratio or its related term are showing as below:
HAM:PR4'
s PB Ratio Range Over the Past 10 Years
Min: 0.87 Med: 2.87 Max: 6.79
Current: 5.28
During the past 13 years, Protector Forsikring ASA's highest PB Ratio was 6.79. The lowest was 0.87. And the median was 2.87.
HAM:PR4's PB Ratio is ranked worse than 92.96% of 497
companies
in the Insurance industry
Industry Median: 1.38
vs HAM:PR4: 5.28
During the past 12 months, Protector Forsikring ASA's average Book Value Per Share Growth Rate was 26.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 26.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 19.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 13.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Protector Forsikring ASA was 106.70% per year. The lowest was -2.10% per year. And the median was 21.60% per year.
Back to Basics: PB Ratio
Protector Forsikring ASA (HAM:PR4) 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 Insurance - Specialty subindustry, Protector Forsikring ASA'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.
Protector Forsikring ASA PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Protector Forsikring ASA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Protector Forsikring ASA'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.
Protector Forsikring ASA (HAM:PR4) has a PB Ratio of 5.30 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 Protector Forsikring ASA and its competitors. This is 85% above median its historical median of 2.87. Over the past decade, Protector Forsikring ASA's PB Ratio has ranged from 0.87 to 6.79. According to the industry distribution chart, Protector Forsikring ASA ranks #462 out of 497 companies in the Insurance industry, placing it in the top 93%.
Is Protector Forsikring ASA's PB Ratio too high?
Protector Forsikring ASA's current PB Ratio of 5.30 is 85% above median its 10-year median of 2.87. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 6.79. The Insurance industry median PB Ratio is 1.38. Protector Forsikring ASA's value of 5.30 is 284.1% above this industry median. Based on the distribution chart, Protector Forsikring ASA ranks #462 out of 497 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Protector Forsikring ASA has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Protector Forsikring ASA's PB Ratio compare to FNF and AXS?
According to the Insurance industry distribution chart, Protector Forsikring ASA ranks #462 out of 497 companies for PB Ratio. This places Protector Forsikring ASA in the lower half of its industry. The industry median PB Ratio is 1.38. Protector Forsikring ASA's value of 5.30 is 284.1% above this benchmark. Historically, Protector Forsikring ASA's own PB Ratio has ranged from 0.87 to 6.79 over the past decade. While the company's 10-year median is 2.87 vs. the industry median of 1.38, Protector Forsikring ASA 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 an Insurance company?
The median PB Ratio among Insurance companies is 1.38, based on 497 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. Protector Forsikring ASA's current PB Ratio of 5.30 is 284.1% 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 Protector Forsikring ASA and its competitors. For the Insurance industry, the median PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Protector Forsikring ASA's current PB Ratio is 5.30, which is 85% above median its own 10-year median of 2.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Protector Forsikring ASA stock overvalued right now?
Based on GuruFocus' analysis, Protector Forsikring ASA (HAM:PR4) is currently considered Significantly Overvalued. The stock's GF Value™ is €31.38, compared to a current price of €42.10 — trading 34.2% above its estimated fair value. The current PB Ratio is 5.30, which is 85% above median its 10-year median of 2.87 and 284.1% above the Insurance industry median of 1.38. Protector Forsikring ASA's overall GF Score™ is 47/100 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 Protector Forsikring ASA (HAM:PR4), the current PB Ratio is 5.30 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 Protector Forsikring ASA (HAM:PR4) Overvalued in 2026?
Based on GuruFocus' analysis, Protector Forsikring ASA stock appears to be overvalued.
The current stock price of €42.10 is trading 34.2% above its estimated GF Value™ of €31.38.
GuruFocus considers Protector Forsikring ASA to be Significantly Overvalued.
Key valuation signals for HAM:PR4:
PB Ratio: 5.30 (85% above median its 10-year median of 2.87)
GF Value™: €31.38 vs. price of €42.10 (34.2% above fair value)
Industry Position: 284.1% above the Insurance median (#462 of 497)
No single metric tells the full story. See the HAM:PR4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Protector Forsikring ASA developer of a general P&C and employee benefits insurance provider designed to deliver cost and quality leadership in the insurance industry. The company offers standardized insurance products, all core systems insourced and developed in-house, enabling brokers and businesses across multiple countries to access competitive pricing and a value-based performance culture.
47GF Score
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