Mercedes-Benz Group AGXTER:MBG -1.85%69 PB Ratio is 0.45 as of Jun. 25, 2026, which is 43% below its 10-year median of 0.79. GuruFocus rates XTER:MBG with a GF Score™ of 69/100 and a GF Value™ of €56.16 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,295 Vehicles & Parts companies, Mercedes-Benz Group AG ranks better than 83.55% on this metric.
Mercedes-Benz Group AG stock PB Ratio (=0.46) is close to 5-year low of 0.46.
The historical rank and industry rank for Mercedes-Benz Group AG's PB Ratio or its related term are showing as below:
XTER:MBG'
s PB Ratio Range Over the Past 10 Years
Min: 0.33 Med: 0.79 Max: 1.18
Current: 0.45
During the past 13 years, Mercedes-Benz Group AG's highest PB Ratio was 1.18. The lowest was 0.33. And the median was 0.79.
XTER:MBG's PB Ratio is ranked better than 83.55% of 1295
companies
in the Vehicles & Parts industry
Industry Median: 1.39
vs XTER:MBG: 0.45
During the past 12 months, Mercedes-Benz Group AG's average Book Value Per Share Growth Rate was 1.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mercedes-Benz Group AG was 14.80% per year. The lowest was -7.00% per year. And the median was 3.60% per year.
Back to Basics: PB Ratio
Mercedes-Benz Group AG (XTER:MBG) 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.
* 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 Auto Manufacturers subindustry, Mercedes-Benz Group AG'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.
Mercedes-Benz Group AG PB Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Mercedes-Benz Group AG's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mercedes-Benz Group AG'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.
Mercedes-Benz Group AG (XTER:MBG) has a PB Ratio of 0.45 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 Mercedes-Benz Group AG and its competitors. This is 43% below median its historical median of 0.79. Over the past decade, Mercedes-Benz Group AG's PB Ratio has ranged from 0.33 to 1.18. According to the industry distribution chart, Mercedes-Benz Group AG ranks #213 out of 1295 companies in the Vehicles & Parts industry, placing it in the top 16.4%.
Is Mercedes-Benz Group AG's PB Ratio too high?
Mercedes-Benz Group AG's current PB Ratio of 0.45 is 43% below median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 1.18. The Vehicles & Parts industry median PB Ratio is 1.39. Mercedes-Benz Group AG's value of 0.45 is 67.6% below this industry median. Based on the distribution chart, Mercedes-Benz Group AG ranks #213 out of 1295 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Mercedes-Benz Group AG has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mercedes-Benz Group AG's PB Ratio compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Mercedes-Benz Group AG ranks #213 out of 1295 companies for PB Ratio. This places Mercedes-Benz Group AG in the top 16% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.39. Mercedes-Benz Group AG's value of 0.45 is 67.6% below this benchmark. Historically, Mercedes-Benz Group AG's own PB Ratio has ranged from 0.33 to 1.18 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 1.39, Mercedes-Benz Group AG 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 Vehicles & Parts company?
The median PB Ratio among Vehicles & Parts companies is 1.39, based on 1,295 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. Mercedes-Benz Group AG's current PB Ratio of 0.45 is 67.6% 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 Mercedes-Benz Group AG and its competitors. For the Vehicles & Parts 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. Mercedes-Benz Group AG's current PB Ratio is 0.45, which is 43% below median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercedes-Benz Group AG stock overvalued right now?
Based on GuruFocus' analysis, Mercedes-Benz Group AG (XTER:MBG) is currently considered Modestly Undervalued. The stock's GF Value™ is €56.16, compared to a current price of €44.41 — trading 20.9% below its estimated fair value. The current PB Ratio is 0.45, which is 43% below median its 10-year median of 0.79 and 67.6% below the Vehicles & Parts industry median of 1.39. Mercedes-Benz Group AG's overall GF Score™ is 69/100 with 5 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 Mercedes-Benz Group AG (XTER:MBG), the current PB Ratio is 0.45 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 Mercedes-Benz Group AG (XTER:MBG) Overvalued in 2026?
Based on GuruFocus' analysis, Mercedes-Benz Group AG stock appears to be undervalued.
The current stock price of €44.41 is trading 20.9% below its estimated GF Value™ of €56.16.
GuruFocus considers Mercedes-Benz Group AG to be Modestly Undervalued.
Key valuation signals for XTER:MBG:
PB Ratio: 0.45 (43% below median its 10-year median of 0.79)
GF Value™: €56.16 vs. price of €44.41 (20.9% below fair value)
Industry Position: 67.6% below the Vehicles & Parts median (#213 of 1295)
No single metric tells the full story. See the XTER:MBG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercedes-Benz Group is a premium automotive original equipment manufacturer, selling around 2 million passenger cars, including its Chinese joint venture, and just under 400,000 vans per year. The company's financial profile improved significantly following the spinoff of Daimler Truck in 2021. Unlike most automotive OEMs, Mercedes operates under its brand alone. In 2025, 15% of its passenger cars sold were top end (G Class, Maybach, AMG, S Class), 58% were core (C and E Class), and 27% entry (A and B Class). In volume terms, Asia and Europe are Mercedes' largest markets, representing 41% and 36% of 2025 vehicle sales, respectively, followed by North America at 16%.
69GF Score
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