Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
First Reliance Bancshares Price-to-Tangible-Book Related Terms
First Reliance Bancshares Price-to-Tangible-Book Historical Data
* 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.
First Reliance Bancshares Price-to-Tangible-Book Chart
FSRL vs WRIV, SLBK, BCBP: Price-to-Tangible-Book Comparison
For the Banks - Regional subindustry, First Reliance Bancshares'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.
First Reliance Bancshares Price-to-Tangible-Book vs Banks Industry
For the Banks industry and Financial Services sector, First Reliance Bancshares's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where First Reliance Bancshares'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.
First Reliance Bancshares (FSRL) has a Price-to-Tangible-Book of 1.75 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 First Reliance Bancshares and its competitors. According to the industry distribution chart, First Reliance Bancshares ranks #1172 out of 1494 companies in the Banks industry, placing it in the top 78.4%.
Is First Reliance Bancshares' Price-to-Tangible-Book too high?
First Reliance Bancshares' current Price-to-Tangible-Book is 1.75. The Banks industry median Price-to-Tangible-Book is 1.20. First Reliance Bancshares' value of 1.75 is 45.8% above this industry median. Based on the distribution chart, First Reliance Bancshares ranks #1172 out of 1494 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, First Reliance Bancshares has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Reliance Bancshares' Price-to-Tangible-Book compare to WRIV and SLBK?
According to the Banks industry distribution chart, First Reliance Bancshares ranks #1172 out of 1494 companies for Price-to-Tangible-Book. This places First Reliance Bancshares in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.20. First Reliance Bancshares' value of 1.75 is 45.8% 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. First Reliance Bancshares's current Price-to-Tangible-Book of 1.75 is 45.8% 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 First Reliance Bancshares 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. First Reliance Bancshares's current Price-to-Tangible-Book is 1.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Reliance Bancshares stock overvalued right now?
Based on GuruFocus' analysis, First Reliance Bancshares (FSRL) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.18, compared to a current price of $19.75 — trading 76.7% above its estimated fair value. The current Price-to-Tangible-Book is 1.75 and 45.8% above the Banks industry median of 1.20. First Reliance Bancshares' overall GF Score™ is 39/100 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 First Reliance Bancshares (FSRL), the current Price-to-Tangible-Book is 1.75 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 First Reliance Bancshares (FSRL) Overvalued in 2026?
Based on GuruFocus' analysis, First Reliance Bancshares stock appears to be overvalued.
The current stock price of $19.75 is trading 76.7% above its estimated GF Value™ of $11.18.
GuruFocus considers First Reliance Bancshares to be Significantly Overvalued.
Key valuation signals for FSRL:
Price-to-Tangible-Book: 1.75
GF Value™: $11.18 vs. price of $19.75 (76.7% above fair value)
Industry Position: 45.8% above the Banks median (#1172 of 1494)
No single metric tells the full story. See the FSRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Reliance Bancshares Inc operates as a South Carolina-chartered commercial bank providing banking services across domestic markets in South Carolina. Its deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The Company mainly offers loans to individuals and small businesses for a range of personal and commercial purposes, mainly in South Carolina and North Carolina. It also provides a range of services, including personal banking, business banking, treasury services, and online and mobile banking, etc.
39GF Score
Get the complete analysis for FSRL
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FSRL has been successfully added to your 
