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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.
BayFirst Financial Price-to-Tangible-Book Related Terms
BayFirst Financial Price-to-Tangible-Book Historical Data
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The historical data trend for BayFirst Financial'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.
BAFN vs MNSB, PLQC, TRCY: Price-to-Tangible-Book Comparison
For the Banks - Regional subindustry, BayFirst Financial'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.
BayFirst Financial Price-to-Tangible-Book vs Banks Industry
For the Banks industry and Financial Services sector, BayFirst Financial's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where BayFirst Financial'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.
BayFirst Financial (BAFN) has a Price-to-Tangible-Book of 1.78 as of Sep. 05, 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 BayFirst Financial and its competitors. According to the industry distribution chart, BayFirst Financial ranks #1237 out of 1494 companies in the Banks industry, placing it in the top 82.8%.
Is BayFirst Financial's Price-to-Tangible-Book too high?
BayFirst Financial's current Price-to-Tangible-Book is 1.78. The Banks industry median Price-to-Tangible-Book is 1.20. BayFirst Financial's value of 1.78 is 48.3% above this industry median. Based on the distribution chart, BayFirst Financial ranks #1237 out of 1494 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, BayFirst Financial has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BayFirst Financial's Price-to-Tangible-Book compare to MNSB and PLQC?
According to the Banks industry distribution chart, BayFirst Financial ranks #1237 out of 1494 companies for Price-to-Tangible-Book. This places BayFirst Financial in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.20. BayFirst Financial's value of 1.78 is 48.3% 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 Banks company?
The median Price-to-Tangible-Book among Banks companies is 1.20, based on 1,494 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. BayFirst Financial's current Price-to-Tangible-Book of 1.78 is 48.3% 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 BayFirst Financial and its competitors. For the Banks industry, the median Price-to-Tangible-Book is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BayFirst Financial's current Price-to-Tangible-Book is 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BayFirst Financial stock overvalued right now?
Based on GuruFocus' analysis, BayFirst Financial (BAFN) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.86, compared to a current price of $6.80 — trading 137.8% above its estimated fair value. The current Price-to-Tangible-Book is 1.78 and 48.3% above the Banks industry median of 1.20. BayFirst Financial's overall GF Score™ is 47/100 with 3 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 BayFirst Financial (BAFN), the current Price-to-Tangible-Book is 1.78 as of Sep. 05, 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 BayFirst Financial (BAFN) Overvalued in 2026?
Based on GuruFocus' analysis, BayFirst Financial stock appears to be overvalued.
The current stock price of $6.80 is trading 137.8% above its estimated GF Value™ of $2.86.
GuruFocus considers BayFirst Financial to be Significantly Overvalued.
Key valuation signals for BAFN:
Price-to-Tangible-Book: 1.78
GF Value™: $2.86 vs. price of $6.80 (137.8% above fair value)
Industry Position: 48.3% above the Banks median (#1237 of 1494)
No single metric tells the full story. See the BAFN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BayFirst Financial Corp is a bank holding company that operates through its wholly owned subsidiary. The Company generates the majority of its revenue from interest on loans and noninterest income. The primary sources of funding for its loans are loan payments, deposits, and borrowings. It is dependent on noninterest income, which is derived from net gain on the sales of the guaranteed portion of government-guaranteed loans and service fee income. The company provides personal banking and business banking services.
47GF Score
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Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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