Meritage Hospitality GroupMHGU -0.16%45 PB Ratio is 0.23 as of Jun. 28, 2026, which is 82% below its 10-year median of 1.28. GuruFocus rates MHGU with a GF Score™ of 45/100 and a GF Value™ of $17.13 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 327 Restaurants companies, Meritage Hospitality Group ranks better than 97.86% on this metric.
The historical rank and industry rank for Meritage Hospitality Group's PB Ratio or its related term are showing as below:
MHGU'
s PB Ratio Range Over the Past 10 Years
Min: 0.12 Med: 1.28 Max: 3.69
Current: 0.23
During the past 13 years, Meritage Hospitality Group's highest PB Ratio was 3.69. The lowest was 0.12. And the median was 1.28.
MHGU's PB Ratio is ranked better than 97.86% of 327
companies
in the Restaurants industry
Industry Median: 2.3
vs MHGU: 0.23
During the past 12 months, Meritage Hospitality Group's average Book Value Per Share Growth Rate was -29.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -6.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 17.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Meritage Hospitality Group was 456.30% per year. The lowest was -52.40% per year. And the median was 17.70% per year.
Back to Basics: PB Ratio
Meritage Hospitality Group (OTCPK:MHGU) 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.
Meritage Hospitality Group PB Ratio Related Terms
Meritage Hospitality Group PB Ratio Historical Data
* 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 Restaurants subindustry, Meritage Hospitality 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.
Meritage Hospitality Group PB Ratio vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Meritage Hospitality Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Meritage Hospitality 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.
Meritage Hospitality Group (MHGU) has a PB Ratio of 0.23 as of Jun. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Meritage Hospitality Group and its competitors. This is 82% below median its historical median of 1.28. Over the past decade, Meritage Hospitality Group's PB Ratio has ranged from 0.12 to 3.69. According to the industry distribution chart, Meritage Hospitality Group ranks #7 out of 327 companies in the Restaurants industry, placing it in the top 2.1%.
Is Meritage Hospitality Group's PB Ratio too high?
Meritage Hospitality Group's current PB Ratio of 0.23 is 82% below median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 3.69. The Restaurants industry median PB Ratio is 2.30. Meritage Hospitality Group's value of 0.23 is 90% below this industry median. Based on the distribution chart, Meritage Hospitality Group ranks #7 out of 327 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Meritage Hospitality Group has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Meritage Hospitality Group's PB Ratio compare to PETZ and GTIM?
According to the Restaurants industry distribution chart, Meritage Hospitality Group ranks #7 out of 327 companies for PB Ratio. This places Meritage Hospitality Group in the top 2% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.30. Meritage Hospitality Group's value of 0.23 is 90% below this benchmark. Historically, Meritage Hospitality Group's own PB Ratio has ranged from 0.12 to 3.69 over the past decade. While the company's 10-year median is 1.28 vs. the industry median of 2.30, Meritage Hospitality Group 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 Restaurants company?
The median PB Ratio among Restaurants companies is 2.30, based on 327 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. Meritage Hospitality Group's current PB Ratio of 0.23 is 90% 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 Meritage Hospitality Group and its competitors. For the Restaurants industry, the median PB Ratio is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meritage Hospitality Group's current PB Ratio is 0.23, which is 82% below median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meritage Hospitality Group stock overvalued right now?
Based on GuruFocus' analysis, Meritage Hospitality Group (MHGU) is currently considered Possible Value Trap. The stock's GF Value™ is $17.13, compared to a current price of $2.97 — trading 82.7% below its estimated fair value. The current PB Ratio is 0.23, which is 82% below median its 10-year median of 1.28 and 90% below the Restaurants industry median of 2.30. Meritage Hospitality Group's overall GF Score™ is 45/100 with 8 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 Meritage Hospitality Group (MHGU), the current PB Ratio is 0.23 as of Jun. 28, 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 Meritage Hospitality Group (MHGU) Overvalued in 2026?
Based on GuruFocus' analysis, Meritage Hospitality Group stock appears to be undervalued.
The current stock price of $2.97 is trading 82.7% below its estimated GF Value™ of $17.13.
GuruFocus considers Meritage Hospitality Group to be Possible Value Trap.
Key valuation signals for MHGU:
PB Ratio: 0.23 (82% below median its 10-year median of 1.28)
GF Value™: $17.13 vs. price of $2.97 (82.7% below fair value)
Industry Position: 90% below the Restaurants median (#7 of 327)
No single metric tells the full story. See the MHGU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meritage Hospitality Group Inc is engaged in operating quick-service and casual dining restaurants across various states in the United States. It operates Wendy's quick-service restaurants across various states under franchise agreements with its franchisor. It also operates independent restaurants under three concepts throughout Michigan, which include Morning Belle restaurants, Stan's Tacos restaurant, and Blue Porch Bar & Grill restaurant. It is focused on the future development and long-term growth of its Morning Belle brand.
45GF Score
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