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FirstrandNAM:FST 85 Price-to-Tangible-Book is 2.32 as of Jul. 22, 2026, which is 9% above its 10-year median of 2.12. GuruFocus rates NAM:FST with a GF Score™ of 85/100 and a GF Value™ of R84.79 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,498 Banks companies, Firstrand ranks worse than 89.45% on this metric.
As of today (2026-07-22), Firstrand's share price is R96.46. Firstrand's Tangible Book per Share of Dec. 2025 for the quarter that ended in Dec. 2025 was R41.64. Hence, Firstrand's Price to Tangible Book Ratio of today is 2.32.
The historical rank and industry rank for Firstrand's Price-to-Tangible-Book or its related term are showing as below:
NAM:FST'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.57 Med: 2.12 Max: 3.38
Current: 2.31
During the past 13 years, Firstrand's highest Price to Tangible Book Ratio was 3.38. The lowest was 1.57. And the median was 2.12.
NAM:FST's Price-to-Tangible-Book is ranked worse than 89.45% of 1498
companies
in the Banks industry
Industry Median: 1.19
vs NAM:FST: 2.31
A closely related ratio is called PB Ratio. As of today, Firstrand's share price is R96.46. Firstrand's Book Value per Sharefor the quarter that ended in Dec. 2025 was R43.38. Hence, Firstrand's P/B Ratio of today is 2.22.
Be Aware
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.
Firstrand Price-to-Tangible-Book Related Terms
Firstrand Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Firstrand'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.
NAM:FST vs JPM, BAC, WFC: Price-to-Tangible-Book Comparison
For the Banks - Diversified subindustry, Firstrand'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.
Firstrand Price-to-Tangible-Book vs Banks Industry
For the Banks industry and Financial Services sector, Firstrand's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Firstrand'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.
Firstrand (NAM:FST) has a Price-to-Tangible-Book of 2.32 as of Jul. 22, 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 Firstrand and its competitors. This is near median its historical median of 2.12. Over the past decade, Firstrand's Price-to-Tangible-Book has ranged from 1.57 to 3.38. According to the industry distribution chart, Firstrand ranks #1340 out of 1498 companies in the Banks industry, placing it in the top 89.5%.
Is Firstrand's Price-to-Tangible-Book too high?
Firstrand's current Price-to-Tangible-Book of 2.32 is near median its 10-year median of 2.12. Over the past 10 years, this metric has ranged from a low of 1.57 to a high of 3.38. The Banks industry median Price-to-Tangible-Book is 1.19. Firstrand's value of 2.32 is 95% above this industry median. Based on the distribution chart, Firstrand ranks #1340 out of 1498 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Firstrand has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Firstrand's Price-to-Tangible-Book compare to JPM and BAC?
According to the Banks industry distribution chart, Firstrand ranks #1340 out of 1498 companies for Price-to-Tangible-Book. This places Firstrand in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.19. Firstrand's value of 2.32 is 95% above this benchmark. Historically, Firstrand's own Price-to-Tangible-Book has ranged from 1.57 to 3.38 over the past decade. While the company's 10-year median is 2.12 vs. the industry median of 1.19, Firstrand has consistently been above 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 Price-to-Tangible-Book for a Banks company?
The median Price-to-Tangible-Book among Banks companies is 1.19, based on 1,498 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. Firstrand's current Price-to-Tangible-Book of 2.32 is 95% 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 Firstrand and its competitors. For the Banks industry, the median Price-to-Tangible-Book is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Firstrand's current Price-to-Tangible-Book is 2.32, which is near median its own 10-year median of 2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Firstrand stock overvalued right now?
Based on GuruFocus' analysis, Firstrand (NAM:FST) is currently considered Modestly Overvalued. The stock's GF Value™ is R84.79, compared to a current price of R96.46 — trading 13.8% above its estimated fair value. The current Price-to-Tangible-Book is 2.32, which is near median its 10-year median of 2.12 and 95% above the Banks industry median of 1.19. Firstrand's overall GF Score™ is 85/100 with 4 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 Firstrand (NAM:FST), the current Price-to-Tangible-Book is 2.32 as of Jul. 22, 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 Firstrand (NAM:FST) Overvalued in 2026?
Based on GuruFocus' analysis, Firstrand stock appears to be overvalued.
The current stock price of R96.46 is trading 13.8% above its estimated GF Value™ of R84.79.
GuruFocus considers Firstrand to be Modestly Overvalued.
Key valuation signals for NAM:FST:
Price-to-Tangible-Book: 2.32 (near median its 10-year median of 2.12)
GF Value™: R84.79 vs. price of R96.46 (13.8% above fair value)
Industry Position: 95% above the Banks median (#1340 of 1498)
No single metric tells the full story. See the NAM:FST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The firm's reportable segment includes Retail and commercial segment, Corporate and institutional segment, Centre (including group treasury), Firstrand Bank Normalised, and Normalised adjustments.
85GF Score
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