Bank of N.T Butterfield & SonNTB -0.56%85 PB Ratio is 2.04 as of Jun. 24, 2026, which is 11% above its 10-year median of 1.83. GuruFocus rates NTB with a GF Score™ of 85/100 and a GF Value™ of $45.56 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,516 Banks companies, Bank of N.T Butterfield & Son ranks worse than 89.38% on this metric.
Bank of N.T Butterfield & Son Ltd stock PB Ratio (=2.05) is close to 3-year high of 2.05.
The historical rank and industry rank for Bank of N.T Butterfield & Son's PB Ratio or its related term are showing as below:
NTB'
s PB Ratio Range Over the Past 10 Years
Min: 0.83 Med: 1.83 Max: 3.47
Current: 2.04
During the past 12 years, Bank of N.T Butterfield & Son's highest PB Ratio was 3.47. The lowest was 0.83. And the median was 1.83.
NTB's PB Ratio is ranked worse than 89.38% of 1516
companies
in the Banks industry
Industry Median: 1.08
vs NTB: 2.04
During the past 12 months, Bank of N.T Butterfield & Son's average Book Value Per Share Growth Rate was 16.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 18.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.60% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Bank of N.T Butterfield & Son was 18.00% per year. The lowest was -1.90% per year. And the median was 5.70% per year.
Back to Basics: PB Ratio
Bank of N.T Butterfield & Son (NYSE:NTB) 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.
Bank of N.T Butterfield & Son PB Ratio Related Terms
Bank of N.T Butterfield & Son 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 Banks - Diversified subindustry, Bank of N.T Butterfield & Son'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.
Bank of N.T Butterfield & Son PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Bank of N.T Butterfield & Son's PB Ratio distribution charts can be found below:
* The bar in red indicates where Bank of N.T Butterfield & Son's PB Ratio falls into.
Bank of N.T Butterfield & Son PB Ratio Calculation
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.
Bank of N.T Butterfield & Son (NTB) has a PB Ratio of 2.04 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 Bank of N.T Butterfield & Son and its competitors. This is 11% above median its historical median of 1.83. Over the past decade, Bank of N.T Butterfield & Son's PB Ratio has ranged from 0.83 to 3.47. According to the industry distribution chart, Bank of N.T Butterfield & Son ranks #1355 out of 1516 companies in the Banks industry, placing it in the top 89.4%.
Is Bank of N.T Butterfield & Son's PB Ratio too high?
Bank of N.T Butterfield & Son's current PB Ratio of 2.04 is 11% above median its 10-year median of 1.83. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 3.47. The Banks industry median PB Ratio is 1.08. Bank of N.T Butterfield & Son's value of 2.04 is 88.9% above this industry median. Based on the distribution chart, Bank of N.T Butterfield & Son ranks #1355 out of 1516 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Bank of N.T Butterfield & Son has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank of N.T Butterfield & Son's PB Ratio compare to BCSO and JPM?
According to the Banks industry distribution chart, Bank of N.T Butterfield & Son ranks #1355 out of 1516 companies for PB Ratio. This places Bank of N.T Butterfield & Son in the lower half of its industry. The industry median PB Ratio is 1.08. Bank of N.T Butterfield & Son's value of 2.04 is 88.9% above this benchmark. Historically, Bank of N.T Butterfield & Son's own PB Ratio has ranged from 0.83 to 3.47 over the past decade. While the company's 10-year median is 1.83 vs. the industry median of 1.08, Bank of N.T Butterfield & Son 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. Bank of N.T Butterfield & Son's current PB Ratio of 2.04 is 88.9% 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 Bank of N.T Butterfield & Son 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. Bank of N.T Butterfield & Son's current PB Ratio is 2.04, which is 11% above median its own 10-year median of 1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of N.T Butterfield & Son stock overvalued right now?
Based on GuruFocus' analysis, Bank of N.T Butterfield & Son (NTB) is currently considered Modestly Overvalued. The stock's GF Value™ is $45.56, compared to a current price of $58.60 — trading 28.6% above its estimated fair value. The current PB Ratio is 2.04, which is 11% above median its 10-year median of 1.83 and 88.9% above the Banks industry median of 1.08. Bank of N.T Butterfield & Son's overall GF Score™ is 85/100 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 Bank of N.T Butterfield & Son (NTB), the current PB Ratio is 2.04 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 Bank of N.T Butterfield & Son (NTB) Overvalued in 2026?
Based on GuruFocus' analysis, Bank of N.T Butterfield & Son stock appears to be overvalued.
The current stock price of $58.60 is trading 28.6% above its estimated GF Value™ of $45.56.
GuruFocus considers Bank of N.T Butterfield & Son to be Modestly Overvalued.
Key valuation signals for NTB:
PB Ratio: 2.04 (11% above median its 10-year median of 1.83)
GF Value™: $45.56 vs. price of $58.60 (28.6% above fair value)
Industry Position: 88.9% above the Banks median (#1355 of 1516)
No single metric tells the full story. See the NTB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bank of N.T Butterfield & Son Business Description
Bank of N.T Butterfield & Son Ltd is a full-service bank and wealth manager. It offers banking services, comprising retail and corporate banking, and wealth management services, which consist of trust, private banking, and asset management business. The company operates through four reportable segments: Bermuda, Cayman, Channel Islands and the UK, and Other. In its Bermuda and Cayman segments, the company offers retail banking and wealth management services. In the Channel Islands and the UK segment, the company offers retail and corporate banking and wealth management services, and the Other segment includes its operations in the Bahamas, Canada, Mauritius, Singapore, and Switzerland. Maximum revenue for the company is generated from its business in Bermuda.
85GF Score
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