Thomson ReutersHAM:TOC0 -0.33%59 PB Ratio is 3.27 as of Jul. 08, 2026, which is 16% below its 10-year median of 3.90. GuruFocus rates HAM:TOC0 with a GF Score™ of 59/100 and a GF Value™ of €154.73 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,047 Business Services companies, Thomson Reuters ranks worse than 78.89% 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 (2026-07-08), Thomson Reuters's share price is €76.65. Thomson Reuters's Book Value per Share for the quarter that ended in Mar. 2026 was €23.43. Hence, Thomson Reuters's PB Ratio of today is 3.27.
The historical rank and industry rank for Thomson Reuters's PB Ratio or its related term are showing as below:
HAM:TOC0'
s PB Ratio Range Over the Past 10 Years
Min: 2.06 Med: 3.9 Max: 7.51
Current: 3.47
During the past 13 years, Thomson Reuters's highest PB Ratio was 7.51. The lowest was 2.06. And the median was 3.90.
HAM:TOC0's PB Ratio is ranked worse than 78.89% of 1047
companies
in the Business Services industry
Industry Median: 1.66
vs HAM:TOC0: 3.47
During the past 12 months, Thomson Reuters's average Book Value Per Share Growth Rate was -6.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 4.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Thomson Reuters was 25.40% per year. The lowest was -16.90% per year. And the median was 3.15% 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.
Thomson Reuters PB Ratio Related Terms
Thomson Reuters PB Ratio Historical Data
* Premium members only.
The historical data trend for Thomson Reuters'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 Specialty Business Services subindustry, Thomson Reuters'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.
Thomson Reuters PB Ratio vs Business Services Industry
For the Business Services industry and Industrials sector, Thomson Reuters's PB Ratio distribution charts can be found below:
* The bar in red indicates where Thomson Reuters'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.
Thomson Reuters'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.
Thomson Reuters (HAM:TOC0) has a PB Ratio of 3.27 as of Jul. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Thomson Reuters and its competitors. This is 16% below median its historical median of 3.90. Over the past decade, Thomson Reuters' PB Ratio has ranged from 2.06 to 7.51. According to the industry distribution chart, Thomson Reuters ranks #826 out of 1047 companies in the Business Services industry, placing it in the top 78.9%.
Is Thomson Reuters' PB Ratio too high?
Thomson Reuters' current PB Ratio of 3.27 is 16% below median its 10-year median of 3.90. Over the past 10 years, this metric has ranged from a low of 2.06 to a high of 7.51. The Business Services industry median PB Ratio is 1.66. Thomson Reuters' value of 3.27 is 97% above this industry median. Based on the distribution chart, Thomson Reuters ranks #826 out of 1047 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Thomson Reuters has a GF Score™ of 59/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thomson Reuters' PB Ratio compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Thomson Reuters ranks #826 out of 1047 companies for PB Ratio. This places Thomson Reuters in the lower half of its industry. The industry median PB Ratio is 1.66. Thomson Reuters' value of 3.27 is 97% above this benchmark. Historically, Thomson Reuters' own PB Ratio has ranged from 2.06 to 7.51 over the past decade. While the company's 10-year median is 3.90 vs. the industry median of 1.66, Thomson Reuters 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 1.66, 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. Thomson Reuters's current PB Ratio of 3.27 is 97% 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 Thomson Reuters and its competitors. For the Business Services industry, the median PB Ratio is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thomson Reuters's current PB Ratio is 3.27, which is 16% below median its own 10-year median of 3.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thomson Reuters stock overvalued right now?
Based on GuruFocus' analysis, Thomson Reuters (HAM:TOC0) is currently considered Significantly Undervalued. The stock's GF Value™ is €154.73, compared to a current price of €76.65 — trading 50.5% below its estimated fair value. The current PB Ratio is 3.27, which is 16% below median its 10-year median of 3.90 and 97% above the Business Services industry median of 1.66. Thomson Reuters' overall GF Score™ is 59/100 with 1 warning sign 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 Thomson Reuters (HAM:TOC0), the current PB Ratio is 3.27 as of Jul. 08, 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 Thomson Reuters (HAM:TOC0) Overvalued in 2026?
Based on GuruFocus' analysis, Thomson Reuters stock appears to be undervalued.
The current stock price of €76.65 is trading 50.5% below its estimated GF Value™ of €154.73.
GuruFocus considers Thomson Reuters to be Significantly Undervalued.
Key valuation signals for HAM:TOC0:
PB Ratio: 3.27 (16% below median its 10-year median of 3.90)
GF Value™: €154.73 vs. price of €76.65 (50.5% below fair value)
Industry Position: 97% above the Business Services median (#826 of 1047)
No single metric tells the full story. See the HAM:TOC0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thomson Reuters is a leading global provider of business information services, delivering trusted data, technology, and expertise to professionals across legal, tax, accounting, risk, compliance, and the news and media sectors. Headquartered in Toronto, Canada, the company combines deep domain knowledge with data and software solutions to help clients make informed decisions, manage complexity, and drive efficiency. Thomson Reuters serves legal and accounting/tax professionals, corporations, and governments worldwide, but around 75% of revenue is generated in the US. The company is known for flagship products such as Westlaw, UltraTax CS, and Reuters News.
59GF Score
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