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As of today (2026-09-17), Coles Group's share price is €14.30. Coles Group's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was €0.78. Hence, Coles Group's Price to Tangible Book Ratio of today is 18.31.
The historical rank and industry rank for Coles Group's Price-to-Tangible-Book or its related term are showing as below:
FRA:2OF'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 16.08 Med: 18.9 Max: 27.93
Current: 18.33
During the past 9 years, Coles Group's highest Price to Tangible Book Ratio was 27.93. The lowest was 16.08. And the median was 18.90.
FRA:2OF's Price-to-Tangible-Book is ranked worse than 94.35% of 283
companies
in the Retail - Defensive industry
Industry Median: 1.96
vs FRA:2OF: 18.33
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.
Coles Group Price-to-Tangible-Book Related Terms
Coles Group Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Coles Group'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.
FRA:2OF vs KR, SFM, ACI: Price-to-Tangible-Book Comparison
For the Grocery Stores subindustry, Coles Group'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.
Coles Group Price-to-Tangible-Book vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Coles Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Coles Group'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.
Coles Group (FRA:2OF) has a Price-to-Tangible-Book of 18.31 as of Sep. 17, 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 Coles Group and its competitors. According to the industry distribution chart, Coles Group ranks #267 out of 283 companies in the Retail - Defensive industry, placing it in the top 94.3%.
Is Coles Group's Price-to-Tangible-Book too high?
Coles Group's current Price-to-Tangible-Book is 18.31. The Retail - Defensive industry median Price-to-Tangible-Book is 1.96. Coles Group's value of 18.31 is 834.2% above this industry median. Based on the distribution chart, Coles Group ranks #267 out of 283 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Coles Group has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Coles Group's Price-to-Tangible-Book compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Coles Group ranks #267 out of 283 companies for Price-to-Tangible-Book. This places Coles Group in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.96. Coles Group's value of 18.31 is 834.2% 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 Retail - Defensive company?
The median Price-to-Tangible-Book among Retail - Defensive companies is 1.96, based on 283 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. Coles Group's current Price-to-Tangible-Book of 18.31 is 834.2% 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 Coles Group and its competitors. For the Retail - Defensive industry, the median Price-to-Tangible-Book is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coles Group's current Price-to-Tangible-Book is 18.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coles Group stock overvalued right now?
Coles Group (FRA:2OF) has a current Price-to-Tangible-Book of 18.31. The stock's GF Value™ is €12.34, compared to a current price of €14.30 — trading 15.9% above its estimated fair value. The current Price-to-Tangible-Book is 18.31 and 834.2% above the Retail - Defensive industry median of 1.96. Coles Group's overall GF Score™ is 77/100 with 6 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 Coles Group (FRA:2OF), the current Price-to-Tangible-Book is 18.31 as of Sep. 17, 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 Coles Group (FRA:2OF) Overvalued in 2026?
Based on GuruFocus' analysis, Coles Group stock appears to be overvalued.
The current stock price of €14.30 is trading 15.9% above its estimated GF Value™ of €12.34.
Key valuation signals for FRA:2OF:
Price-to-Tangible-Book: 18.31
GF Value™: €12.34 vs. price of €14.30 (15.9% above fair value)
Industry Position: 834.2% above the Retail - Defensive median (#267 of 283)
No single metric tells the full story. See the FRA:2OF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coles is one of Australia's largest retailers, operating the second-largest supermarket chain behind market leader Woolworths, and the country's second-largest liquor chain. The group has an extensive store network of over 1,800 stores and roughly 80% of Australians live within a 10-minute drive from a Coles store. The retailer employs some 120,000 people, who process some 20 million individual customer transactions a week. This compares with Woolworths processing about 30 million customer transactions per week from Australia's population of 27 million.
77GF Score
Get the complete analysis for FRA:2OF
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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