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Shinhan Financial Group CoSHG -0.48%47 PB Ratio is 0.85 as of Jul. 17, 2026, which is 70% above its 10-year median of 0.50. GuruFocus rates SHG with a GF Score™ of 47/100 and a GF Value™ of $36.57 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,517 Banks companies, Shinhan Financial Group Co ranks better than 69.74% on this metric.
Shinhan Financial Group Co Ltd stock PB Ratio (=0.87) is close to 10-year high of 0.88.
The historical rank and industry rank for Shinhan Financial Group Co's PB Ratio or its related term are showing as below:
SHG'
s PB Ratio Range Over the Past 10 Years
Min: 0.29 Med: 0.5 Max: 0.88
Current: 0.86
During the past 13 years, Shinhan Financial Group Co's highest PB Ratio was 0.88. The lowest was 0.29. And the median was 0.50.
SHG's PB Ratio is ranked better than 69.74% of 1517
companies
in the Banks industry
Industry Median: 1.12
vs SHG: 0.86
During the past 12 months, Shinhan Financial Group Co's average Book Value Per Share Growth Rate was 9.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 6.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Shinhan Financial Group Co was 35.00% per year. The lowest was 3.60% per year. And the median was 7.20% per year.
Back to Basics: PB Ratio
Shinhan Financial Group Co (NYSE:SHG) 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.
Shinhan Financial Group Co PB Ratio Related Terms
Shinhan Financial Group Co 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.
Shinhan Financial Group Co PB Ratio Competitor Comparison
For the Banks - Regional subindustry, Shinhan Financial Group Co'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.
Shinhan Financial Group Co PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Shinhan Financial Group Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Shinhan Financial Group Co'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.
Shinhan Financial Group Co (SHG) has a PB Ratio of 0.85 as of Jul. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Shinhan Financial Group Co and its competitors. This is 70% above median its historical median of 0.50. Over the past decade, Shinhan Financial Group Co's PB Ratio has ranged from 0.29 to 0.88. According to the industry distribution chart, Shinhan Financial Group Co ranks #459 out of 1517 companies in the Banks industry, placing it in the top 30.3%.
Is Shinhan Financial Group Co's PB Ratio too high?
Shinhan Financial Group Co's current PB Ratio of 0.85 is 70% above median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 0.88. The Banks industry median PB Ratio is 1.12. Shinhan Financial Group Co's value of 0.85 is 24.1% below this industry median. Based on the distribution chart, Shinhan Financial Group Co ranks #459 out of 1517 companies in the Banks industry, which is above the industry midpoint. Overall, Shinhan Financial Group Co has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shinhan Financial Group Co's PB Ratio compare to competitors?
According to the Banks industry distribution chart, Shinhan Financial Group Co ranks #459 out of 1517 companies for PB Ratio. This puts Shinhan Financial Group Co in the upper half of its industry. The industry median PB Ratio is 1.12. Shinhan Financial Group Co's value of 0.85 is 24.1% below this benchmark. Historically, Shinhan Financial Group Co's own PB Ratio has ranged from 0.29 to 0.88 over the past decade. While the company's 10-year median is 0.50 vs. the industry median of 1.12, Shinhan Financial Group Co 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 1.12, based on 1,517 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. Shinhan Financial Group Co's current PB Ratio of 0.85 is 24.1% 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 Shinhan Financial Group Co and its competitors. For the Banks industry, the median PB Ratio is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shinhan Financial Group Co's current PB Ratio is 0.85, which is 70% above median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shinhan Financial Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shinhan Financial Group Co (SHG) is currently considered Significantly Overvalued. The stock's GF Value™ is $36.57, compared to a current price of $71.21 — trading 94.7% above its estimated fair value. The current PB Ratio is 0.85, which is 70% above median its 10-year median of 0.50 and 24.1% below the Banks industry median of 1.12. Shinhan Financial Group Co's overall GF Score™ is 47/100 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 Shinhan Financial Group Co (SHG), the current PB Ratio is 0.85 as of Jul. 17, 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 Shinhan Financial Group Co (SHG) Overvalued in 2026?
Based on GuruFocus' analysis, Shinhan Financial Group Co stock appears to be overvalued.
The current stock price of $71.21 is trading 94.7% above its estimated GF Value™ of $36.57.
GuruFocus considers Shinhan Financial Group Co to be Significantly Overvalued.
Key valuation signals for SHG:
PB Ratio: 0.85 (70% above median its 10-year median of 0.50)
GF Value™: $36.57 vs. price of $71.21 (94.7% above fair value)
Industry Position: 24.1% below the Banks median (#459 of 1517)
No single metric tells the full story. See the SHG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shinhan Financial Group Co Ltd is a Korean banking group. Along with its subsidiaries the company provides, comprehensive financial services which consist of commercial banking services, credit card services, securities services, insurance, credit services, and asset management services, including securities investment trust management, investment advisory, call transaction, domestic and foreign private equity fund business, and other services. The majority of the revenue is generated from its Banking business which includes retail, corporate, international, and other banking services the company offers.
47GF Score
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