Lloyds Banking GroupXTER:LLD +2.41%55 PB Ratio is 1.35 as of Jun. 26, 2026, which is 85% above its 10-year median of 0.73. GuruFocus rates XTER:LLD with a GF Score™ of 55/100 and a GF Value™ of €0.80 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,516 Banks companies, Lloyds Banking Group ranks worse than 68.93% on this metric.
Lloyds Banking Group PLC stock PB Ratio (=1.34) is close to 5-year high of 1.34.
The historical rank and industry rank for Lloyds Banking Group's PB Ratio or its related term are showing as below:
XTER:LLD'
s PB Ratio Range Over the Past 10 Years
Min: 0.56 Med: 0.73 Max: 1.34
Current: 1.34
During the past 13 years, Lloyds Banking Group's highest PB Ratio was 1.34. The lowest was 0.56. And the median was 0.73.
XTER:LLD's PB Ratio is ranked worse than 68.93% of 1516
companies
in the Banks industry
Industry Median: 1.09
vs XTER:LLD: 1.34
During the past 12 months, Lloyds Banking Group's average Book Value Per Share Growth Rate was 4.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 2.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Lloyds Banking Group was 28.50% per year. The lowest was -32.60% per year. And the median was 0.85% per year.
Back to Basics: PB Ratio
Lloyds Banking Group (XTER:LLD) PB Ratio Explanation
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.
Lloyds Banking Group PB Ratio Related Terms
Lloyds Banking Group PB Ratio Historical Data
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The historical data trend for Lloyds Banking 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.
Lloyds Banking Group PB Ratio Competitor Comparison
For the Banks - Regional subindustry, Lloyds Banking 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.
Lloyds Banking Group PB Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Lloyds Banking Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Lloyds Banking 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.
* 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.
Lloyds Banking Group (XTER:LLD) has a PB Ratio of 1.35 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Lloyds Banking Group and its competitors. This is 85% above median its historical median of 0.73. Over the past decade, Lloyds Banking Group's PB Ratio has ranged from 0.56 to 1.34. According to the industry distribution chart, Lloyds Banking Group ranks #1045 out of 1516 companies in the Banks industry, placing it in the top 68.9%.
Is Lloyds Banking Group's PB Ratio too high?
Lloyds Banking Group's current PB Ratio of 1.35 is 85% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.34. The Banks industry median PB Ratio is 1.09. Lloyds Banking Group's value of 1.35 is 23.9% above this industry median. Based on the distribution chart, Lloyds Banking Group ranks #1045 out of 1516 companies in the Banks industry, which is below the industry midpoint. Overall, Lloyds Banking Group has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lloyds Banking Group's PB Ratio compare to competitors?
According to the Banks industry distribution chart, Lloyds Banking Group ranks #1045 out of 1516 companies for PB Ratio. This places Lloyds Banking Group in the lower half of its industry. The industry median PB Ratio is 1.09. Lloyds Banking Group's value of 1.35 is 23.9% above this benchmark. Historically, Lloyds Banking Group's own PB Ratio has ranged from 0.56 to 1.34 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 1.09, Lloyds Banking Group 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 1.09, based on 1,516 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. Lloyds Banking Group's current PB Ratio of 1.35 is 23.9% 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 Lloyds Banking Group and its competitors. For the Banks industry, the median PB Ratio is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lloyds Banking Group's current PB Ratio is 1.35, which is 85% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lloyds Banking Group stock overvalued right now?
Based on GuruFocus' analysis, Lloyds Banking Group (XTER:LLD) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.80, compared to a current price of €1.28 — trading 59.6% above its estimated fair value. The current PB Ratio is 1.35, which is 85% above median its 10-year median of 0.73 and 23.9% above the Banks industry median of 1.09. Lloyds Banking Group's overall GF Score™ is 55/100 with 4 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 Lloyds Banking Group (XTER:LLD), the current PB Ratio is 1.35 as of Jun. 26, 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 Lloyds Banking Group (XTER:LLD) Overvalued in 2026?
Based on GuruFocus' analysis, Lloyds Banking Group stock appears to be overvalued.
The current stock price of €1.28 is trading 59.6% above its estimated GF Value™ of €0.80.
GuruFocus considers Lloyds Banking Group to be Significantly Overvalued.
Key valuation signals for XTER:LLD:
PB Ratio: 1.35 (85% above median its 10-year median of 0.73)
GF Value™: €0.80 vs. price of €1.28 (59.6% above fair value)
Industry Position: 23.9% above the Banks median (#1045 of 1516)
No single metric tells the full story. See the XTER:LLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lloyds is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers. Its commercial banking operation provides lending, transaction banking, working capital management, and debt capital market services to large companies and financial institutions in the UK. Insurance and wealth round out the product lineup with life and property insurance as well as pension solutions and high-net-worth asset management services.
55GF Score
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