Harford BankHFBK +1.10%61 PB Ratio is 0.96 as of Jul. 05, 2026, which is 8% above its 10-year median of 0.89. GuruFocus rates HFBK with a GF Score™ of 61/100 and a GF Value™ of $39.48 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,518 Banks companies, Harford Bank ranks better than 62.65% 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 (2026-07-05), Harford Bank's share price is $46.00. Harford Bank's Book Value per Share for the quarter that ended in Mar. 2026 was $48.14. Hence, Harford Bank's PB Ratio of today is 0.96.
Warning Sign:
Harford Bank stock PB Ratio (=0.96) is close to 5-year high of 0.97.
The historical rank and industry rank for Harford Bank's PB Ratio or its related term are showing as below:
HFBK'
s PB Ratio Range Over the Past 10 Years
Min: 0.66 Med: 0.89 Max: 1.17
Current: 0.96
During the past 13 years, Harford Bank's highest PB Ratio was 1.17. The lowest was 0.66. And the median was 0.89.
HFBK's PB Ratio is ranked better than 62.65% of 1518
companies
in the Banks industry
Industry Median: 1.1
vs HFBK: 0.96
During the past 12 months, Harford Bank's average Book Value Per Share Growth Rate was 8.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Harford Bank was 16.00% per year. The lowest was 3.50% per year. And the median was 7.70% 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.
Harford Bank PB Ratio Related Terms
Harford Bank PB Ratio Historical Data
* Premium members only.
The historical data trend for Harford Bank'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, Harford Bank'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.
Harford Bank PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Harford Bank's PB Ratio distribution charts can be found below:
* The bar in red indicates where Harford Bank'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.
Harford Bank'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.
Harford Bank (HFBK) has a PB Ratio of 0.96 as of Jul. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Harford Bank and its competitors. This is near median its historical median of 0.89. Over the past decade, Harford Bank's PB Ratio has ranged from 0.66 to 1.17. According to the industry distribution chart, Harford Bank ranks #567 out of 1518 companies in the Banks industry, placing it in the top 37.4%.
Is Harford Bank's PB Ratio too high?
Harford Bank's current PB Ratio of 0.96 is near median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 1.17. The Banks industry median PB Ratio is 1.10. Harford Bank's value of 0.96 is 12.7% below this industry median. Based on the distribution chart, Harford Bank ranks #567 out of 1518 companies in the Banks industry, which is above the industry midpoint. Overall, Harford Bank has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harford Bank's PB Ratio compare to MVLY and CBWA?
According to the Banks industry distribution chart, Harford Bank ranks #567 out of 1518 companies for PB Ratio. This puts Harford Bank in the upper half of its industry. The industry median PB Ratio is 1.10. Harford Bank's value of 0.96 is 12.7% below this benchmark. Historically, Harford Bank's own PB Ratio has ranged from 0.66 to 1.17 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 1.10, Harford Bank 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 1.10, based on 1,518 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. Harford Bank's current PB Ratio of 0.96 is 12.7% 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 Harford Bank and its competitors. For the Banks industry, the median PB Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harford Bank's current PB Ratio is 0.96, which is near median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harford Bank stock overvalued right now?
Based on GuruFocus' analysis, Harford Bank (HFBK) is currently considered Modestly Overvalued. The stock's GF Value™ is $39.48, compared to a current price of $46.00 — trading 16.5% above its estimated fair value. The current PB Ratio is 0.96, which is near median its 10-year median of 0.89 and 12.7% below the Banks industry median of 1.10. Harford Bank's overall GF Score™ is 61/100 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 Harford Bank (HFBK), the current PB Ratio is 0.96 as of Jul. 05, 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 Harford Bank (HFBK) Overvalued in 2026?
Based on GuruFocus' analysis, Harford Bank stock appears to be overvalued.
The current stock price of $46.00 is trading 16.5% above its estimated GF Value™ of $39.48.
GuruFocus considers Harford Bank to be Modestly Overvalued.
Key valuation signals for HFBK:
PB Ratio: 0.96 (near median its 10-year median of 0.89)
GF Value™: $39.48 vs. price of $46.00 (16.5% above fair value)
Industry Position: 12.7% below the Banks median (#567 of 1518)
No single metric tells the full story. See the HFBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harford Bank provides a full range of banking services to its customers through a network of branches located in Harford and Cecil Counties and the surrounding areas of northeastern Maryland. Its various financial products and service offerings include checking accounts, savings accounts, money market accounts, mobile banking services, a full range of commercial and consumer loans, drive-through banking services, and automated teller machine (ATM) services, among others. The bank conducts commercial banking in its primary service areas, catering to the banking needs of individuals, small to medium-sized businesses, and professionals.
61GF Score
Get the complete analysis for HFBK
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HFBK has been successfully added to your 
