Nicolet BanksharesNIC +2.65%67 PB Ratio is 1.48 as of Jun. 24, 2026, which is 8% above its 10-year median of 1.37. GuruFocus rates NIC with a GF Score™ of 67/100 and a GF Value™ of $134.48 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,516 Banks companies, Nicolet Bankshares ranks worse than 75.2% on this metric.
Nicolet Bankshares Inc stock PB Ratio (=1.44) is close to 1-year low of 1.3.
The historical rank and industry rank for Nicolet Bankshares's PB Ratio or its related term are showing as below:
NIC'
s PB Ratio Range Over the Past 10 Years
Min: 0.84 Med: 1.37 Max: 1.9
Current: 1.48
During the past 13 years, Nicolet Bankshares's highest PB Ratio was 1.90. The lowest was 0.84. And the median was 1.37.
NIC's PB Ratio is ranked worse than 75.2% of 1516
companies
in the Banks industry
Industry Median: 1.08
vs NIC: 1.48
During the past 12 months, Nicolet Bankshares's average Book Value Per Share Growth Rate was 35.50% 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 8.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 12.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nicolet Bankshares was 23.60% per year. The lowest was 6.20% per year. And the median was 14.80% per year.
Back to Basics: PB Ratio
Nicolet Bankshares (NYSE:NIC) 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.
Nicolet Bankshares PB Ratio Related Terms
Nicolet Bankshares PB Ratio Historical Data
* Premium members only.
The historical data trend for Nicolet 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, Nicolet 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.
Nicolet Bankshares PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Nicolet Bankshares's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nicolet 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.
Nicolet Bankshares (NIC) has a PB Ratio of 1.48 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Nicolet Bankshares and its competitors. This is near median its historical median of 1.37. Over the past decade, Nicolet Bankshares' PB Ratio has ranged from 0.84 to 1.90. According to the industry distribution chart, Nicolet Bankshares ranks #1140 out of 1516 companies in the Banks industry, placing it in the top 75.2%.
Is Nicolet Bankshares' PB Ratio too high?
Nicolet Bankshares' current PB Ratio of 1.48 is near median its 10-year median of 1.37. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 1.90. The Banks industry median PB Ratio is 1.08. Nicolet Bankshares' value of 1.48 is 37% above this industry median. Based on the distribution chart, Nicolet Bankshares ranks #1140 out of 1516 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Nicolet Bankshares has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nicolet Bankshares' PB Ratio compare to BANC and SBCF?
According to the Banks industry distribution chart, Nicolet Bankshares ranks #1140 out of 1516 companies for PB Ratio. This places Nicolet Bankshares in the lower half of its industry. The industry median PB Ratio is 1.08. Nicolet Bankshares' value of 1.48 is 37% above this benchmark. Historically, Nicolet Bankshares' own PB Ratio has ranged from 0.84 to 1.90 over the past decade. While the company's 10-year median is 1.37 vs. the industry median of 1.08, Nicolet 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 1.08, based on 1,516 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. Nicolet Bankshares's current PB Ratio of 1.48 is 37% 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 Nicolet Bankshares and its competitors. For the Banks industry, the median PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nicolet Bankshares's current PB Ratio is 1.48, which is near median its own 10-year median of 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nicolet Bankshares stock overvalued right now?
Based on GuruFocus' analysis, Nicolet Bankshares (NIC) is currently considered Modestly Overvalued. The stock's GF Value™ is $134.48, compared to a current price of $156.38 — trading 16.3% above its estimated fair value. The current PB Ratio is 1.48, which is near median its 10-year median of 1.37 and 37% above the Banks industry median of 1.08. Nicolet Bankshares' overall GF Score™ is 67/100 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 Nicolet Bankshares (NIC), the current PB Ratio is 1.48 as of Jun. 24, 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 Nicolet Bankshares (NIC) Overvalued in 2026?
Based on GuruFocus' analysis, Nicolet Bankshares stock appears to be overvalued.
The current stock price of $156.38 is trading 16.3% above its estimated GF Value™ of $134.48.
GuruFocus considers Nicolet Bankshares to be Modestly Overvalued.
Key valuation signals for NIC:
PB Ratio: 1.48 (near median its 10-year median of 1.37)
GF Value™: $134.48 vs. price of $156.38 (16.3% above fair value)
Industry Position: 37% above the Banks median (#1140 of 1516)
No single metric tells the full story. See the NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nicolet Bankshares Inc is a United States-based bank holding company's principal business is banking, consisting of lending and deposit gathering, as well as ancillary banking-related products and services, to businesses and individuals of the communities it serves, and the operational support to deliver, fund and manage. It offers a variety of loans, deposits, and related services to business customers especially small and medium-sized businesses and professional concerns, business deposit products, cash management services, international banking services, business loans, lines of credit, commercial real estate financing, construction loans, agricultural real estate or production loans, and letters of credit, as well as retirement plan services.
67GF Score
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