TrupanionTRUP -0.08%68 PB Ratio is 2.64 as of Jun. 25, 2026, which is 68% below its 10-year median of 8.24. GuruFocus rates TRUP with a GF Score™ of 68/100 and a GF Value™ of $40.11 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 497 Insurance companies, Trupanion ranks worse than 80.68% on this metric.
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. As of today (2026-06-25), Trupanion's share price is $23.89. Trupanion's Book Value per Share for the quarter that ended in Mar. 2026 was $9.05. Hence, Trupanion's PB Ratio of today is 2.64.
Good Sign:
Trupanion Inc stock PB Ratio (=2.64) is close to 10-year low of 2.41.
The historical rank and industry rank for Trupanion's PB Ratio or its related term are showing as below:
TRUP'
s PB Ratio Range Over the Past 10 Years
Min: 2.41 Med: 8.24 Max: 29.75
Current: 2.64
During the past 13 years, Trupanion's highest PB Ratio was 29.75. The lowest was 2.41. And the median was 8.24.
TRUP's PB Ratio is ranked worse than 80.68% of 497
companies
in the Insurance industry
Industry Median: 1.38
vs TRUP: 2.64
During the past 12 months, Trupanion's average Book Value Per Share Growth Rate was 16.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 21.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Trupanion was 75.00% per year. The lowest was -8.90% per year. And the median was 23.90% 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.
Trupanion PB Ratio Related Terms
Trupanion PB Ratio Historical Data
* Premium members only.
The historical data trend for Trupanion'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 Insurance - Property & Casualty subindustry, Trupanion'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.
Trupanion PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Trupanion's PB Ratio distribution charts can be found below:
* The bar in red indicates where Trupanion'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.
Trupanion's PB Ratio for today is calculated as follows:
* 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.
Trupanion (TRUP) has a PB Ratio of 2.64 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Trupanion and its competitors. This is 68% below median its historical median of 8.24. Over the past decade, Trupanion's PB Ratio has ranged from 2.41 to 29.75. According to the industry distribution chart, Trupanion ranks #401 out of 497 companies in the Insurance industry, placing it in the top 80.7%.
Is Trupanion's PB Ratio too high?
Trupanion's current PB Ratio of 2.64 is 68% below median its 10-year median of 8.24. Over the past 10 years, this metric has ranged from a low of 2.41 to a high of 29.75. The Insurance industry median PB Ratio is 1.38. Trupanion's value of 2.64 is 91.3% above this industry median. Based on the distribution chart, Trupanion ranks #401 out of 497 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Trupanion has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trupanion's PB Ratio compare to ASIC and BOW?
According to the Insurance industry distribution chart, Trupanion ranks #401 out of 497 companies for PB Ratio. This places Trupanion in the lower half of its industry. The industry median PB Ratio is 1.38. Trupanion's value of 2.64 is 91.3% above this benchmark. Historically, Trupanion's own PB Ratio has ranged from 2.41 to 29.75 over the past decade. While the company's 10-year median is 8.24 vs. the industry median of 1.38, Trupanion 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 Insurance company?
The median PB Ratio among Insurance companies is 1.38, based on 497 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. Trupanion's current PB Ratio of 2.64 is 91.3% 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 Trupanion and its competitors. For the Insurance industry, the median PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trupanion's current PB Ratio is 2.64, which is 68% below median its own 10-year median of 8.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trupanion stock overvalued right now?
Based on GuruFocus' analysis, Trupanion (TRUP) is currently considered Significantly Undervalued. The stock's GF Value™ is $40.11, compared to a current price of $23.89 — trading 40.4% below its estimated fair value. The current PB Ratio is 2.64, which is 68% below median its 10-year median of 8.24 and 91.3% above the Insurance industry median of 1.38. Trupanion's overall GF Score™ is 68/100 with 3 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 Trupanion (TRUP), the current PB Ratio is 2.64 as of Jun. 25, 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 Trupanion (TRUP) Overvalued in 2026?
Based on GuruFocus' analysis, Trupanion stock appears to be undervalued.
The current stock price of $23.89 is trading 40.4% below its estimated GF Value™ of $40.11.
GuruFocus considers Trupanion to be Significantly Undervalued.
Key valuation signals for TRUP:
PB Ratio: 2.64 (68% below median its 10-year median of 8.24)
GF Value™: $40.11 vs. price of $23.89 (40.4% below fair value)
Industry Position: 91.3% above the Insurance median (#401 of 497)
No single metric tells the full story. See the TRUP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trupanion Inc is a specialty insurance products provider in the United States. Its core business is the sale of insurance products tailor-made for pets, especially cats and dogs. It operates in two business segments: The subscription business segment generates revenue majorly from subscription fees related to the company's direct-to-consumer products and Other business segment is comprised of revenue from other product offerings that generally have a business-to-business relationship and a different margin profile than subscription business segment, including revenue from writing policies on behalf of third parties and revenue from other products and software solutions. Geographically, the company operates in United States, which derives maximum revenue; and Canada and Others.
68GF Score
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