mBankWAR:MBK -0.88%66 PB Ratio is 2.68 as of Jul. 08, 2026, which is 120% above its 10-year median of 1.22. GuruFocus rates WAR:MBK with a GF Score™ of 66/100 and a GF Value™ of zł731.21 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,517 Banks companies, mBank ranks worse than 94.4% 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 (2026-07-08), mBank's share price is zł1407.50. mBank's Book Value per Share for the quarter that ended in Mar. 2026 was zł525.07. Hence, mBank's PB Ratio of today is 2.68.
Warning Sign:
mBank SA stock PB Ratio (=2.67) is close to 10-year high of 2.73.
The historical rank and industry rank for mBank's PB Ratio or its related term are showing as below:
WAR:MBK'
s PB Ratio Range Over the Past 10 Years
Min: 0.29 Med: 1.22 Max: 2.73
Current: 2.68
During the past 13 years, mBank's highest PB Ratio was 2.73. The lowest was 0.29. And the median was 1.22.
WAR:MBK's PB Ratio is ranked worse than 94.4% of 1517
companies
in the Banks industry
Industry Median: 1.1
vs WAR:MBK: 2.68
During the past 12 months, mBank's average Book Value Per Share Growth Rate was 20.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 18.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of mBank was 20.30% per year. The lowest was -7.70% per year. And the median was 8.40% 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.
mBank PB Ratio Related Terms
mBank PB Ratio Historical Data
* Premium members only.
The historical data trend for mBank'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 Banks - Regional subindustry, mBank'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.
mBank PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, mBank's PB Ratio distribution charts can be found below:
* The bar in red indicates where mBank'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.
mBank'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.
mBank (WAR:MBK) has a PB Ratio of 2.68 as of Jul. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on mBank and its competitors. This is 120% above median its historical median of 1.22. Over the past decade, mBank's PB Ratio has ranged from 0.29 to 2.73. According to the industry distribution chart, mBank ranks #1432 out of 1517 companies in the Banks industry, placing it in the top 94.4%.
Is mBank's PB Ratio too high?
mBank's current PB Ratio of 2.68 is 120% above median its 10-year median of 1.22. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 2.73. The Banks industry median PB Ratio is 1.10. mBank's value of 2.68 is 143.6% above this industry median. Based on the distribution chart, mBank ranks #1432 out of 1517 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, mBank has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does mBank's PB Ratio compare to PNC?
According to the Banks industry distribution chart, mBank ranks #1432 out of 1517 companies for PB Ratio. This places mBank in the lower half of its industry. The industry median PB Ratio is 1.10. mBank's value of 2.68 is 143.6% above this benchmark. Historically, mBank's own PB Ratio has ranged from 0.29 to 2.73 over the past decade. While the company's 10-year median is 1.22 vs. the industry median of 1.10, mBank 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 a Banks company?
The median PB Ratio among Banks companies is 1.10, 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. mBank's current PB Ratio of 2.68 is 143.6% 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 mBank and its competitors. For the Banks industry, the median PB Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. mBank's current PB Ratio is 2.68, which is 120% above median its own 10-year median of 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is mBank stock overvalued right now?
Based on GuruFocus' analysis, mBank (WAR:MBK) is currently considered Significantly Overvalued. The stock's GF Value™ is zł731.21, compared to a current price of zł1,407.50 — trading 92.5% above its estimated fair value. The current PB Ratio is 2.68, which is 120% above median its 10-year median of 1.22 and 143.6% above the Banks industry median of 1.10. mBank's overall GF Score™ is 66/100 with 6 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 mBank (WAR:MBK), the current PB Ratio is 2.68 as of Jul. 08, 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 mBank (WAR:MBK) Overvalued in 2026?
Based on GuruFocus' analysis, mBank stock appears to be overvalued.
The current stock price of zł1,407.50 is trading 92.5% above its estimated GF Value™ of zł731.21.
GuruFocus considers mBank to be Significantly Overvalued.
Key valuation signals for WAR:MBK:
PB Ratio: 2.68 (120% above median its 10-year median of 1.22)
GF Value™: zł731.21 vs. price of zł1,407.50 (92.5% above fair value)
Industry Position: 143.6% above the Banks median (#1432 of 1517)
No single metric tells the full story. See the WAR:MBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
mBank SA is a financial services group operating in Poland, as well as the Czech Republic and Slovakia. Its primary business is retail, corporate, and investment banking, but the company also conducts leasing, factoring, and wealth management operations, among other financial services. The group offers insurance policies through a strategic partnership. The bank plans to emphasize customer service, particularly in the development of its banking solutions. The group conducts its business segments in The Retail Banking segment, The Corporate and Investment Banking segment, The Treasury and Other segments, and the FX Mortgage Loans segment and the majority of its revenue is generated from the retail banking segment.
66GF Score
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