Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Harbor BanksharesHRBK 65 PB Ratio is 1.80 as of Aug. 03, 2026, which is 67% above its 10-year median of 1.08. GuruFocus rates HRBK with a GF Score™ of 65/100 and a GF Value™ of $17.91 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,514 Banks companies, Harbor Bankshares ranks worse than 85.27% on this metric.
Harbor Bankshares Corp stock PB Ratio (=1.89) is close to 2-year high of 1.89.
The historical rank and industry rank for Harbor Bankshares's PB Ratio or its related term are showing as below:
HRBK'
s PB Ratio Range Over the Past 10 Years
Min: 0.15 Med: 1.08 Max: 3.58
Current: 1.8
During the past 13 years, Harbor Bankshares's highest PB Ratio was 3.58. The lowest was 0.15. And the median was 1.08.
HRBK's PB Ratio is ranked worse than 85.27% of 1514
companies
in the Banks industry
Industry Median: 1.11
vs HRBK: 1.80
During the past 12 months, Harbor Bankshares's average Book Value Per Share Growth Rate was -2.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 34.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 46.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -4.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Harbor Bankshares was 99.90% per year. The lowest was -58.90% per year. And the median was 10.70% 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.
Harbor Bankshares PB Ratio Related Terms
Harbor Bankshares PB Ratio Historical Data
* Premium members only.
The historical data trend for Harbor Bankshares'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, Harbor Bankshares'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.
Harbor Bankshares PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Harbor Bankshares's PB Ratio distribution charts can be found below:
* The bar in red indicates where Harbor Bankshares'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.
Harbor Bankshares (HRBK) has a PB Ratio of 1.80 as of Aug. 03, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Harbor Bankshares and its competitors. This is 67% above median its historical median of 1.08. Over the past decade, Harbor Bankshares' PB Ratio has ranged from 0.15 to 3.58. According to the industry distribution chart, Harbor Bankshares ranks #1291 out of 1514 companies in the Banks industry, placing it in the top 85.3%.
Is Harbor Bankshares' PB Ratio too high?
Harbor Bankshares' current PB Ratio of 1.80 is 67% above median its 10-year median of 1.08. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 3.58. The Banks industry median PB Ratio is 1.11. Harbor Bankshares' value of 1.80 is 62.2% above this industry median. Based on the distribution chart, Harbor Bankshares ranks #1291 out of 1514 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Harbor Bankshares has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harbor Bankshares' PB Ratio compare to OTTW and PCLB?
According to the Banks industry distribution chart, Harbor Bankshares ranks #1291 out of 1514 companies for PB Ratio. This places Harbor Bankshares in the lower half of its industry. The industry median PB Ratio is 1.11. Harbor Bankshares' value of 1.80 is 62.2% above this benchmark. Historically, Harbor Bankshares' own PB Ratio has ranged from 0.15 to 3.58 over the past decade. While the company's 10-year median is 1.08 vs. the industry median of 1.11, Harbor Bankshares 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 Banks company?
The median PB Ratio among Banks companies is 1.11, based on 1,514 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. Harbor Bankshares's current PB Ratio of 1.80 is 62.2% 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 Harbor Bankshares and its competitors. For the Banks industry, the median PB Ratio is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harbor Bankshares's current PB Ratio is 1.80, which is 67% above median its own 10-year median of 1.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbor Bankshares stock overvalued right now?
Based on GuruFocus' analysis, Harbor Bankshares (HRBK) is currently considered Significantly Overvalued. The stock's GF Value™ is $17.91, compared to a current price of $27.80 — trading 55.2% above its estimated fair value. The current PB Ratio is 1.80, which is 67% above median its 10-year median of 1.08 and 62.2% above the Banks industry median of 1.11. Harbor Bankshares' overall GF Score™ is 65/100 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 Harbor Bankshares (HRBK), the current PB Ratio is 1.80 as of Aug. 03, 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 Harbor Bankshares (HRBK) Overvalued in 2026?
Based on GuruFocus' analysis, Harbor Bankshares stock appears to be overvalued.
The current stock price of $27.80 is trading 55.2% above its estimated GF Value™ of $17.91.
GuruFocus considers Harbor Bankshares to be Significantly Overvalued.
Key valuation signals for HRBK:
PB Ratio: 1.80 (67% above median its 10-year median of 1.08)
GF Value™: $17.91 vs. price of $27.80 (55.2% above fair value)
Industry Position: 62.2% above the Banks median (#1291 of 1514)
No single metric tells the full story. See the HRBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harbor Bankshares Corp is a bank holding company. The Bank is a commercial bank. The deposits of the Bank are insured up to statutory limits by the Federal Deposit Insurance Corporation (FDIC). The Bank conducts general banking business in locations and mainly serves the Baltimore, Maryland, metropolitan area. It offers checking, savings and time deposits, commercial real estate, personal, home improvement, automobiles, and other installment and term loans. The Bank is also a member of a national ATM network. The retail nature of the Bank allows for diversification of depositors and borrowers, which limits its dependency upon a single or a few customers. Its activities include providing private capital to businesses through loans and principal investments.
65GF Score
Get the complete analysis for HRBK
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
HRBK has been successfully added to your 
