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United Bankers OyjOHEL:UNITED +4.74%67 PB Ratio is 4.59 as of Aug. 28, 2026, which is 43% above its 10-year median of 3.22. GuruFocus rates OHEL:UNITED with a GF Score™ of 67/100 and a GF Value™ of €18.21 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,592 Asset Management companies, United Bankers Oyj ranks worse than 93.22% on this metric.
United Bankers Oyj stock PB Ratio (=4.59) is close to 10-year high of 4.67.
The historical rank and industry rank for United Bankers Oyj's PB Ratio or its related term are showing as below:
OHEL:UNITED'
s PB Ratio Range Over the Past 10 Years
Min: 1.94 Med: 3.22 Max: 4.67
Current: 4.59
During the past 13 years, United Bankers Oyj's highest PB Ratio was 4.67. The lowest was 1.94. And the median was 3.22.
OHEL:UNITED's PB Ratio is ranked worse than 93.22% of 1592
companies
in the Asset Management industry
Industry Median: 0.95
vs OHEL:UNITED: 4.59
During the past 12 months, United Bankers Oyj's average Book Value Per Share Growth Rate was 3.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 11.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of United Bankers Oyj was 39.10% per year. The lowest was 4.90% per year. And the median was 10.10% 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.
United Bankers Oyj PB Ratio Related Terms
United Bankers Oyj PB Ratio Historical Data
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The historical data trend for United Bankers Oyj'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 Asset Management subindustry, United Bankers Oyj'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.
United Bankers Oyj PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, United Bankers Oyj's PB Ratio distribution charts can be found below:
* The bar in red indicates where United Bankers Oyj'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.
United Bankers Oyj (OHEL:UNITED) has a PB Ratio of 4.59 as of Aug. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on United Bankers Oyj and its competitors. This is 43% above median its historical median of 3.22. Over the past decade, United Bankers Oyj's PB Ratio has ranged from 1.94 to 4.67. According to the industry distribution chart, United Bankers Oyj ranks #1484 out of 1592 companies in the Asset Management industry, placing it in the top 93.2%.
Is United Bankers Oyj's PB Ratio too high?
United Bankers Oyj's current PB Ratio of 4.59 is 43% above median its 10-year median of 3.22. Over the past 10 years, this metric has ranged from a low of 1.94 to a high of 4.67. The Asset Management industry median PB Ratio is 0.95. United Bankers Oyj's value of 4.59 is 383.2% above this industry median. Based on the distribution chart, United Bankers Oyj ranks #1484 out of 1592 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, United Bankers Oyj has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Bankers Oyj's PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, United Bankers Oyj ranks #1484 out of 1592 companies for PB Ratio. This places United Bankers Oyj in the lower half of its industry. The industry median PB Ratio is 0.95. United Bankers Oyj's value of 4.59 is 383.2% above this benchmark. Historically, United Bankers Oyj's own PB Ratio has ranged from 1.94 to 4.67 over the past decade. While the company's 10-year median is 3.22 vs. the industry median of 0.95, United Bankers Oyj 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 an Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,592 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. United Bankers Oyj's current PB Ratio of 4.59 is 383.2% 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 United Bankers Oyj and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Bankers Oyj's current PB Ratio is 4.59, which is 43% above median its own 10-year median of 3.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Bankers Oyj stock overvalued right now?
Based on GuruFocus' analysis, United Bankers Oyj (OHEL:UNITED) is currently considered Significantly Overvalued. The stock's GF Value™ is €18.21, compared to a current price of €24.30 — trading 33.4% above its estimated fair value. The current PB Ratio is 4.59, which is 43% above median its 10-year median of 3.22 and 383.2% above the Asset Management industry median of 0.95. United Bankers Oyj's overall GF Score™ is 67/100 with 7 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 United Bankers Oyj (OHEL:UNITED), the current PB Ratio is 4.59 as of Aug. 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 United Bankers Oyj (OHEL:UNITED) Overvalued in 2026?
Based on GuruFocus' analysis, United Bankers Oyj stock appears to be overvalued.
The current stock price of €24.30 is trading 33.4% above its estimated GF Value™ of €18.21.
GuruFocus considers United Bankers Oyj to be Significantly Overvalued.
Key valuation signals for OHEL:UNITED:
PB Ratio: 4.59 (43% above median its 10-year median of 3.22)
GF Value™: €18.21 vs. price of €24.30 (33.4% above fair value)
Industry Position: 383.2% above the Asset Management median (#1484 of 1592)
No single metric tells the full story. See the OHEL:UNITED stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Bankers Oyj provides investment products and services. The company has two business areas, wealth management and capital markets services. In wealth management, the Group specializes in real asset investments including forest real estate, and infrastructure funds. The majority of the income from operations is generated by the wealth management segment, whose customers include individuals, companies, and institutions.
67GF Score
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