National Bank of Canada (TSX:NA.PR.C.PFD) PB Ratio: (As of Jul. 05, 2026)

National Bank of Canada  (TSX:NA.PR.C.PFD) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.

National Bank of Canada PB Ratio Related Terms

The historical data trend for National Bank of Canada'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.

National Bank of Canada PB Ratio Chart

National Bank of Canada Annual Data
	Trend	Oct16	Oct17	Oct18	Oct19	Oct20	Oct21	Oct22	Oct23	Oct24	Oct25
PB Ratio		Get a 7-Day Free Trial					0.00	0.00	0.00	0.00	0.00

National Bank of Canada Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26	Apr26
PB Ratio	Get a 7-Day Free Trial															0.00	0.00	0.00	0.00	0.00

TSX:NA.PR.C.PFD vs JPM, BAC, WFC: PB Ratio Comparison

For the Banks - Diversified subindustry, National Bank of Canada'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.

National Bank of Canada PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, National Bank of Canada's PB Ratio distribution charts can be found below:

* The bar in red indicates where National Bank of Canada's PB Ratio falls into.

National Bank of Canada 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.

National Bank of Canada'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.

National Bank of Canada Business Description