Vodafone GroupVOD +0.29%70 PB Ratio is 0.55 as of Jun. 25, 2026, which is 15% below its 10-year median of 0.65. GuruFocus rates VOD with a GF Score™ of 70/100 and a GF Value™ of $12.55 (Fairly Valued). The stock has 3 warning signs investors should review. Among 342 Telecommunication Services companies, Vodafone Group ranks better than 88.89% 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), Vodafone Group's share price is $13.85. Vodafone Group's Book Value per Share for the quarter that ended in Mar. 2026 was $25.35. Hence, Vodafone Group's PB Ratio of today is 0.55.
The historical rank and industry rank for Vodafone Group's PB Ratio or its related term are showing as below:
VOD'
s PB Ratio Range Over the Past 10 Years
Min: 0.3 Med: 0.65 Max: 1.01
Current: 0.56
During the past 13 years, Vodafone Group's highest PB Ratio was 1.01. The lowest was 0.30. And the median was 0.65.
VOD's PB Ratio is ranked better than 88.89% of 342
companies
in the Telecommunication Services industry
Industry Median: 1.85
vs VOD: 0.56
During the past 12 months, Vodafone Group's average Book Value Per Share Growth Rate was 7.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -2.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -2.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Vodafone Group was 384.10% per year. The lowest was -24.10% per year. And the median was -2.80% 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.
Vodafone Group PB Ratio Related Terms
Vodafone Group PB Ratio Historical Data
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The historical data trend for Vodafone Group'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 Telecom Services subindustry, Vodafone Group'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.
Vodafone Group PB Ratio vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Vodafone Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Vodafone Group'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.
Vodafone Group'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.
Vodafone Group (VOD) has a PB Ratio of 0.55 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 Vodafone Group and its competitors. This is 15% below median its historical median of 0.65. Over the past decade, Vodafone Group's PB Ratio has ranged from 0.30 to 1.01. According to the industry distribution chart, Vodafone Group ranks #38 out of 342 companies in the Telecommunication Services industry, placing it in the top 11.1%.
Is Vodafone Group's PB Ratio too high?
Vodafone Group's current PB Ratio of 0.55 is 15% below median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 1.01. The Telecommunication Services industry median PB Ratio is 1.85. Vodafone Group's value of 0.55 is 70.3% below this industry median. Based on the distribution chart, Vodafone Group ranks #38 out of 342 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Vodafone Group has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vodafone Group's PB Ratio compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Vodafone Group ranks #38 out of 342 companies for PB Ratio. This places Vodafone Group in the top 11% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.85. Vodafone Group's value of 0.55 is 70.3% below this benchmark. Historically, Vodafone Group's own PB Ratio has ranged from 0.30 to 1.01 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 1.85, Vodafone Group 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 Telecommunication Services company?
The median PB Ratio among Telecommunication Services companies is 1.85, based on 342 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. Vodafone Group's current PB Ratio of 0.55 is 70.3% 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 Vodafone Group and its competitors. For the Telecommunication Services industry, the median PB Ratio is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vodafone Group's current PB Ratio is 0.55, which is 15% below median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vodafone Group stock overvalued right now?
Based on GuruFocus' analysis, Vodafone Group (VOD) is currently considered Fairly Valued. The stock's GF Value™ is $12.55, compared to a current price of $13.85 — trading 10.4% above its estimated fair value. The current PB Ratio is 0.55, which is 15% below median its 10-year median of 0.65 and 70.3% below the Telecommunication Services industry median of 1.85. Vodafone Group's overall GF Score™ is 70/100 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 Vodafone Group (VOD), the current PB Ratio is 0.55 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 Vodafone Group (VOD) Overvalued in 2026?
Based on GuruFocus' analysis, Vodafone Group stock appears to be overvalued.
The current stock price of $13.85 is trading 10.4% above its estimated GF Value™ of $12.55.
GuruFocus considers Vodafone Group to be Fairly Valued.
Key valuation signals for VOD:
PB Ratio: 0.55 (15% below median its 10-year median of 0.65)
GF Value™: $12.55 vs. price of $13.85 (10.4% above fair value)
Industry Position: 70.3% below the Telecommunication Services median (#38 of 342)
No single metric tells the full story. See the VOD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vodafone operates mobile and fixed-line networks and businesses across Europe, Africa, and the Middle East. Its largest market is Germany, where it is the second mobile operator after Deutsche Telekom and owns two cable networks after acquiring Kabel Deutschland in 2013 and Liberty Global Germany in 2019. In the UK, Vodafone merged with CK Hutchison in 2024, consolidating the mobile market. It also divested its Spanish and Italian divisions in that same year, given their low returns on invested capital.
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