Ecobank TransnationalNSA:ETI 29 PB Ratio is 0.85 as of Jun. 24, 2026, which is 467% above its 10-year median of 0.15. GuruFocus rates NSA:ETI with a GF Score™ of 29/100 and a GF Value™ of ₦34.81 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,516 Banks companies, Ecobank Transnational ranks better than 70.05% on this metric.
Ecobank Transnational Inc stock PB Ratio (=0.85) is close to 10-year high of 0.87.
The historical rank and industry rank for Ecobank Transnational's PB Ratio or its related term are showing as below:
NSA:ETI'
s PB Ratio Range Over the Past 10 Years
Min: 0.05 Med: 0.15 Max: 0.87
Current: 0.85
During the past 13 years, Ecobank Transnational's highest PB Ratio was 0.87. The lowest was 0.05. And the median was 0.15.
NSA:ETI's PB Ratio is ranked better than 70.05% of 1516
companies
in the Banks industry
Industry Median: 1.08
vs NSA:ETI: 0.85
During the past 12 months, Ecobank Transnational's average Book Value Per Share Growth Rate was 58.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 0.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -3.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ecobank Transnational was 10.90% per year. The lowest was -18.30% per year. And the median was -5.20% per year.
Back to Basics: PB Ratio
Ecobank Transnational (NSA:ETI) 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.
* 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.
Ecobank Transnational PB Ratio Competitor Comparison
For the Banks - Regional subindustry, Ecobank Transnational'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.
Ecobank Transnational PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Ecobank Transnational's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ecobank Transnational'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.
Ecobank Transnational (NSA:ETI) has a PB Ratio of 0.85 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 Ecobank Transnational and its competitors. This is 467% above median its historical median of 0.15. Over the past decade, Ecobank Transnational's PB Ratio has ranged from 0.05 to 0.87. According to the industry distribution chart, Ecobank Transnational ranks #454 out of 1516 companies in the Banks industry, placing it in the top 29.9%.
Is Ecobank Transnational's PB Ratio too high?
Ecobank Transnational's current PB Ratio of 0.85 is 467% above median its 10-year median of 0.15. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.87. The Banks industry median PB Ratio is 1.08. Ecobank Transnational's value of 0.85 is 21.3% below this industry median. Based on the distribution chart, Ecobank Transnational ranks #454 out of 1516 companies in the Banks industry, which is above the industry midpoint. Overall, Ecobank Transnational has a GF Score™ of 29/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ecobank Transnational's PB Ratio compare to competitors?
According to the Banks industry distribution chart, Ecobank Transnational ranks #454 out of 1516 companies for PB Ratio. This puts Ecobank Transnational in the upper half of its industry. The industry median PB Ratio is 1.08. Ecobank Transnational's value of 0.85 is 21.3% below this benchmark. Historically, Ecobank Transnational's own PB Ratio has ranged from 0.05 to 0.87 over the past decade. While the company's 10-year median is 0.15 vs. the industry median of 1.08, Ecobank Transnational 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 1.08, 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. Ecobank Transnational's current PB Ratio of 0.85 is 21.3% 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 Ecobank Transnational 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. Ecobank Transnational's current PB Ratio is 0.85, which is 467% above median its own 10-year median of 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecobank Transnational stock overvalued right now?
Based on GuruFocus' analysis, Ecobank Transnational (NSA:ETI) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦34.81, compared to a current price of ₦95.20 — trading 173.5% above its estimated fair value. The current PB Ratio is 0.85, which is 467% above median its 10-year median of 0.15 and 21.3% below the Banks industry median of 1.08. Ecobank Transnational's overall GF Score™ is 29/100 with 6 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 Ecobank Transnational (NSA:ETI), the current PB Ratio is 0.85 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 Ecobank Transnational (NSA:ETI) Overvalued in 2026?
Based on GuruFocus' analysis, Ecobank Transnational stock appears to be overvalued.
The current stock price of ₦95.20 is trading 173.5% above its estimated GF Value™ of ₦34.81.
GuruFocus considers Ecobank Transnational to be Significantly Overvalued.
Key valuation signals for NSA:ETI:
PB Ratio: 0.85 (467% above median its 10-year median of 0.15)
GF Value™: ₦34.81 vs. price of ₦95.20 (173.5% above fair value)
Industry Position: 21.3% below the Banks median (#454 of 1516)
No single metric tells the full story. See the NSA:ETI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ecobank Transnational Inc is a pan-African banking group. Through its subsidiaries, it provides retail, corporate and investment banking services throughout sub Saharan Africa outside South Africa. The company operates in three principal business reporting segments: Consumer Banking (CSB), Commercial Banking (CMB) and Corporate and Investment Banking (CIB). The majority of the revenue is derived from the Corporate and Investment Banking segment, which provides various financial services, including FICC, cash management, trade, loans and liquidity and securities, wealth, and asset management. Geographically, it derives the maximum revenue from Francophone West Africa (UEMOA), and the rest from Nigeria, Anglophone West Africa (AWA), and Central, Eastern and Southern Africa (CESA).
29GF Score
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