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Icelandair Group hfOISE:ICEAIR -1.63%51 PB Ratio is 0.79 as of Jul. 15, 2026, which is 36% below its 10-year median of 1.24. GuruFocus rates OISE:ICEAIR with a GF Score™ of 51/100 and a GF Value™ of kr1.34 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 965 Transportation companies, Icelandair Group hf ranks better than 72.23% on this metric.
The historical rank and industry rank for Icelandair Group hf's PB Ratio or its related term are showing as below:
OISE:ICEAIR'
s PB Ratio Range Over the Past 10 Years
Min: 0.32 Med: 1.24 Max: 3.02
Current: 0.79
During the past 13 years, Icelandair Group hf's highest PB Ratio was 3.02. The lowest was 0.32. And the median was 1.24.
OISE:ICEAIR's PB Ratio is ranked better than 72.23% of 965
companies
in the Transportation industry
Industry Median: 1.25
vs OISE:ICEAIR: 0.79
During the past 12 months, Icelandair Group hf's average Book Value Per Share Growth Rate was 25.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 1.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -2.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -31.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Icelandair Group hf was 33.40% per year. The lowest was -60.00% per year. And the median was -5.40% per year.
Back to Basics: PB Ratio
Icelandair Group hf (OISE:ICEAIR) 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.
Icelandair Group hf PB Ratio Related Terms
Icelandair Group hf PB Ratio Historical Data
* Premium members only.
The historical data trend for Icelandair Group hf'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 Airlines subindustry, Icelandair Group hf'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.
Icelandair Group hf PB Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Icelandair Group hf's PB Ratio distribution charts can be found below:
* The bar in red indicates where Icelandair Group hf'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.
Icelandair Group hf (OISE:ICEAIR) has a PB Ratio of 0.79 as of Jul. 15, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Icelandair Group hf and its competitors. This is 36% below median its historical median of 1.24. Over the past decade, Icelandair Group hf's PB Ratio has ranged from 0.32 to 3.02. According to the industry distribution chart, Icelandair Group hf ranks #268 out of 965 companies in the Transportation industry, placing it in the top 27.8%.
Is Icelandair Group hf's PB Ratio too high?
Icelandair Group hf's current PB Ratio of 0.79 is 36% below median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 3.02. The Transportation industry median PB Ratio is 1.25. Icelandair Group hf's value of 0.79 is 36.8% below this industry median. Based on the distribution chart, Icelandair Group hf ranks #268 out of 965 companies in the Transportation industry, which is above the industry midpoint. Overall, Icelandair Group hf has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Icelandair Group hf's PB Ratio compare to DAL and UAL?
According to the Transportation industry distribution chart, Icelandair Group hf ranks #268 out of 965 companies for PB Ratio. This puts Icelandair Group hf in the upper half of its industry. The industry median PB Ratio is 1.25. Icelandair Group hf's value of 0.79 is 36.8% below this benchmark. Historically, Icelandair Group hf's own PB Ratio has ranged from 0.32 to 3.02 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 1.25, Icelandair Group hf 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 Transportation company?
The median PB Ratio among Transportation companies is 1.25, based on 965 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. Icelandair Group hf's current PB Ratio of 0.79 is 36.8% 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 Icelandair Group hf and its competitors. For the Transportation industry, the median PB Ratio is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icelandair Group hf's current PB Ratio is 0.79, which is 36% below median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icelandair Group hf stock overvalued right now?
Based on GuruFocus' analysis, Icelandair Group hf (OISE:ICEAIR) is currently considered Possible Value Trap. The stock's GF Value™ is kr1.34, compared to a current price of kr0.73 — trading 45.8% below its estimated fair value. The current PB Ratio is 0.79, which is 36% below median its 10-year median of 1.24 and 36.8% below the Transportation industry median of 1.25. Icelandair Group hf's overall GF Score™ is 51/100 with 2 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 Icelandair Group hf (OISE:ICEAIR), the current PB Ratio is 0.79 as of Jul. 15, 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 Icelandair Group hf (OISE:ICEAIR) Overvalued in 2026?
Based on GuruFocus' analysis, Icelandair Group hf stock appears to be undervalued.
The current stock price of kr0.73 is trading 45.8% below its estimated GF Value™ of kr1.34.
GuruFocus considers Icelandair Group hf to be Possible Value Trap.
Key valuation signals for OISE:ICEAIR:
PB Ratio: 0.79 (36% below median its 10-year median of 1.24)
GF Value™: kr1.34 vs. price of kr0.73 (45.8% below fair value)
Industry Position: 36.8% below the Transportation median (#268 of 965)
No single metric tells the full story. See the OISE:ICEAIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Icelandair Group hf operates in the international airline sector. Its segment is the Route network, which generates maximum revenue and provides passenger air travel to, from, via, and within Iceland. The Cargo operation offers air-freight services to, from, via, and within Iceland by utilizing capacity within the aircraft of the Icelandair passenger network as well as its own freighter and The Leasing operation, provided by Loftleioir-Icelandic ehf., offers aircraft leasing and consulting services to international passenger airlines and tour operators. The Group operates in North America, which generates maximum revenue, as well as Europe, Iceland, and other regions.
51GF Score
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