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Zip CoASX:ZIP +1.83%70 Price-to-Tangible-Book is 6.61 as of Sep. 21, 2026. GuruFocus rates ASX:ZIP with a GF Score™ of 70/100 and a GF Value™ of A$2.75 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 514 Credit Services companies, Zip Co ranks worse than 94.94% on this metric.
As of today (2026-09-21), Zip Co's share price is A$2.22. Zip Co's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was A$0.34. Hence, Zip Co's Price to Tangible Book Ratio of today is 6.61.
The historical rank and industry rank for Zip Co's Price-to-Tangible-Book or its related term are showing as below:
ASX:ZIP'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 6.18 Med: 16.09 Max: 162.5
Current: 6.53
During the past 13 years, Zip Co's highest Price to Tangible Book Ratio was 162.50. The lowest was 6.18. And the median was 16.09.
ASX:ZIP's Price-to-Tangible-Book is ranked worse than 94.94% of 514
companies
in the Credit Services industry
Industry Median: 1.09
vs ASX:ZIP: 6.53
A closely related ratio is called PB Ratio. As of today, Zip Co's share price is A$2.22. Zip Co's Book Value per Sharefor the quarter that ended in Jun. 2026 was A$0.54. Hence, Zip Co's P/B Ratio of today is 4.11.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Zip Co Price-to-Tangible-Book Related Terms
Zip Co Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Zip Co's Price-to-Tangible-Book 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.
ASX:ZIP vs V, MA, AXP: Price-to-Tangible-Book Comparison
For the Credit Services subindustry, Zip Co's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Zip Co Price-to-Tangible-Book vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Zip Co's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Zip Co's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Zip Co (ASX:ZIP) has a Price-to-Tangible-Book of 6.61 as of Sep. 21, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Zip Co and its competitors. According to the industry distribution chart, Zip Co ranks #488 out of 514 companies in the Credit Services industry, placing it in the top 94.9%.
Is Zip Co's Price-to-Tangible-Book too high?
Zip Co's current Price-to-Tangible-Book is 6.61. The Credit Services industry median Price-to-Tangible-Book is 1.09. Zip Co's value of 6.61 is 506.4% above this industry median. Based on the distribution chart, Zip Co ranks #488 out of 514 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Zip Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zip Co's Price-to-Tangible-Book compare to V and MA?
According to the Credit Services industry distribution chart, Zip Co ranks #488 out of 514 companies for Price-to-Tangible-Book. This places Zip Co in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.09. Zip Co's value of 6.61 is 506.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Credit Services company?
The median Price-to-Tangible-Book among Credit Services companies is 1.09, based on 514 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zip Co's current Price-to-Tangible-Book of 6.61 is 506.4% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Zip Co and its competitors. For the Credit Services industry, the median Price-to-Tangible-Book is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zip Co's current Price-to-Tangible-Book is 6.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zip Co stock overvalued right now?
Based on GuruFocus' analysis, Zip Co (ASX:ZIP) is currently considered Modestly Undervalued. The stock's GF Value™ is A$2.75, compared to a current price of A$2.22 — trading 19.3% below its estimated fair value. The current Price-to-Tangible-Book is 6.61 and 506.4% above the Credit Services industry median of 1.09. Zip Co's overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Zip Co (ASX:ZIP), the current Price-to-Tangible-Book is 6.61 as of Sep. 21, 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 Zip Co (ASX:ZIP) Overvalued in 2026?
Based on GuruFocus' analysis, Zip Co stock appears to be undervalued.
The current stock price of A$2.22 is trading 19.3% below its estimated GF Value™ of A$2.75.
GuruFocus considers Zip Co to be Modestly Undervalued.
Key valuation signals for ASX:ZIP:
Price-to-Tangible-Book: 6.61
GF Value™: A$2.75 vs. price of A$2.22 (19.3% below fair value)
Industry Position: 506.4% above the Credit Services median (#488 of 514)
No single metric tells the full story. See the ASX:ZIP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zip is a credit provider operating two segments: Australia and New Zealand, and the US. Founded in Australia in 2013, it has over 6 million active customers and partners with over 85,000 merchants. In Australia, Zip positions itself as a credit card alternative, with several revolving credit products. Customers can carry the balance over time with a monthly fee and set their own repayment schedule. The US and New Zealand offering is a far more vanilla BNPL offering: Pay-in-4 in New Zealand and Pay-in-Z in the US, where customers pay back in fixed instalments. The US segment is built on the 2020 acquisition of QuadPay and has recently become Zip's largest and fastest-growing segment.
70GF Score
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