Baker Hughes CoXSWX:BKR -0.84%49 PB Ratio is 2.99 as of Jun. 27, 2026, which is 83% above its 10-year median of 1.63. GuruFocus rates XSWX:BKR with a GF Score™ of 49/100 and a GF Value™ of CHF34.18 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 923 Oil & Gas companies, Baker Hughes Co ranks worse than 78.76% 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 (2026-06-27), Baker Hughes Co's share price is CHF45.81. Baker Hughes Co's Book Value per Share for the quarter that ended in Mar. 2026 was CHF15.33. Hence, Baker Hughes Co's PB Ratio of today is 2.99.
The historical rank and industry rank for Baker Hughes Co's PB Ratio or its related term are showing as below:
XSWX:BKR'
s PB Ratio Range Over the Past 10 Years
Min: 0.3 Med: 1.63 Max: 3.55
Current: 2.9
During the past 11 years, Baker Hughes Co's highest PB Ratio was 3.55. The lowest was 0.30. And the median was 1.63.
XSWX:BKR's PB Ratio is ranked worse than 78.76% of 923
companies
in the Oil & Gas industry
Industry Median: 1.39
vs XSWX:BKR: 2.90
During the past 12 months, Baker Hughes Co's average Book Value Per Share Growth Rate was 13.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.60% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Baker Hughes Co was 10.10% per year. The lowest was -24.90% per year. And the median was -4.70% 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.
Baker Hughes Co PB Ratio Related Terms
Baker Hughes Co PB Ratio Historical Data
* Premium members only.
The historical data trend for Baker Hughes Co'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 Oil & Gas Equipment & Services subindustry, Baker Hughes 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.
Baker Hughes Co PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Baker Hughes Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Baker Hughes 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.
Baker Hughes Co'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.
Baker Hughes Co (XSWX:BKR) has a PB Ratio of 2.99 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Baker Hughes Co and its competitors. This is 83% above median its historical median of 1.63. Over the past decade, Baker Hughes Co's PB Ratio has ranged from 0.30 to 3.55. According to the industry distribution chart, Baker Hughes Co ranks #727 out of 923 companies in the Oil & Gas industry, placing it in the top 78.8%.
Is Baker Hughes Co's PB Ratio too high?
Baker Hughes Co's current PB Ratio of 2.99 is 83% above median its 10-year median of 1.63. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 3.55. The Oil & Gas industry median PB Ratio is 1.39. Baker Hughes Co's value of 2.99 is 115.1% above this industry median. Based on the distribution chart, Baker Hughes Co ranks #727 out of 923 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Baker Hughes Co has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Baker Hughes Co's PB Ratio compare to SLB and HAL?
According to the Oil & Gas industry distribution chart, Baker Hughes Co ranks #727 out of 923 companies for PB Ratio. This places Baker Hughes Co in the lower half of its industry. The industry median PB Ratio is 1.39. Baker Hughes Co's value of 2.99 is 115.1% above this benchmark. Historically, Baker Hughes Co's own PB Ratio has ranged from 0.30 to 3.55 over the past decade. While the company's 10-year median is 1.63 vs. the industry median of 1.39, Baker Hughes Co 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 Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.39, based on 923 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. Baker Hughes Co's current PB Ratio of 2.99 is 115.1% 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 Baker Hughes Co and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baker Hughes Co's current PB Ratio is 2.99, which is 83% above median its own 10-year median of 1.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baker Hughes Co stock overvalued right now?
Based on GuruFocus' analysis, Baker Hughes Co (XSWX:BKR) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF34.18, compared to a current price of CHF45.81 — trading 34% above its estimated fair value. The current PB Ratio is 2.99, which is 83% above median its 10-year median of 1.63 and 115.1% above the Oil & Gas industry median of 1.39. Baker Hughes Co's overall GF Score™ is 49/100 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 Baker Hughes Co (XSWX:BKR), the current PB Ratio is 2.99 as of Jun. 27, 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 Baker Hughes Co (XSWX:BKR) Overvalued in 2026?
Based on GuruFocus' analysis, Baker Hughes Co stock appears to be overvalued.
The current stock price of CHF45.81 is trading 34% above its estimated GF Value™ of CHF34.18.
GuruFocus considers Baker Hughes Co to be Significantly Overvalued.
Key valuation signals for XSWX:BKR:
PB Ratio: 2.99 (83% above median its 10-year median of 1.63)
GF Value™: CHF34.18 vs. price of CHF45.81 (34% above fair value)
Industry Position: 115.1% above the Oil & Gas median (#727 of 923)
No single metric tells the full story. See the XSWX:BKR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Following a 2022 reorganization, Baker Hughes operates in two segments: oilfield services and equipment, and industrial and energy technology. The firm's oilfield services and equipment segment is one of the Big Three oilfield-services players, along with SLB and Halliburton, and mostly supplies to hydrocarbon developers and producers, including national oil companies, major integrated firms, and independents. Markets outside of North America buy roughly three-fourths of the segment's offerings. Baker Hughes' industrial and energy technology segment manufactures and sells turbines, compressors, pumps, valves, and related testing and monitoring services for various energy and industrial applications.
49GF Score
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