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TescoTSCDF -2.76%81 Price-to-Tangible-Book is 4.53 as of Sep. 07, 2026. GuruFocus rates TSCDF with a GF Score™ of 81/100 and a GF Value™ of $5.53 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 284 Retail - Defensive companies, Tesco ranks worse than 77.82% on this metric.
As of today (2026-09-07), Tesco's share price is $6.175. Tesco's Tangible Book per Share of Feb. 2026 for the quarter that ended in Feb. 2026 was $1.36. Hence, Tesco's Price to Tangible Book Ratio of today is 4.53.
The historical rank and industry rank for Tesco's Price-to-Tangible-Book or its related term are showing as below:
TSCDF'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.14 Med: 3.01 Max: 4.79
Current: 4.75
During the past 13 years, Tesco's highest Price to Tangible Book Ratio was 4.79. The lowest was 2.14. And the median was 3.01.
TSCDF's Price-to-Tangible-Book is ranked worse than 77.82% of 284
companies
in the Retail - Defensive industry
Industry Median: 1.945
vs TSCDF: 4.75
A closely related ratio is called PB Ratio. As of today, Tesco's share price is $6.175. Tesco's Book Value per Sharefor the quarter that ended in Feb. 2026 was $2.45. Hence, Tesco's P/B Ratio of today is 2.52.
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.
Tesco Price-to-Tangible-Book Related Terms
Tesco Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Tesco'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.
TSCDF vs KR, SFM: Price-to-Tangible-Book Comparison
For the Grocery Stores subindustry, Tesco'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.
Tesco Price-to-Tangible-Book vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Tesco's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Tesco'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.
Tesco (TSCDF) has a Price-to-Tangible-Book of 4.53 as of Sep. 07, 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 Tesco and its competitors. According to the industry distribution chart, Tesco ranks #221 out of 284 companies in the Retail - Defensive industry, placing it in the top 77.8%.
Is Tesco's Price-to-Tangible-Book too high?
Tesco's current Price-to-Tangible-Book is 4.53. The Retail - Defensive industry median Price-to-Tangible-Book is 1.95. Tesco's value of 4.53 is 132.9% above this industry median. Based on the distribution chart, Tesco ranks #221 out of 284 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Tesco has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tesco's Price-to-Tangible-Book compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Tesco ranks #221 out of 284 companies for Price-to-Tangible-Book. This places Tesco in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.95. Tesco's value of 4.53 is 132.9% 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 1.95, based on 284 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. Tesco's current Price-to-Tangible-Book of 4.53 is 132.9% 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 Tesco and its competitors. For the Retail - Defensive industry, the median Price-to-Tangible-Book is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tesco's current Price-to-Tangible-Book is 4.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tesco stock overvalued right now?
Based on GuruFocus' analysis, Tesco (TSCDF) is currently considered Modestly Overvalued. The stock's GF Value™ is $5.53, compared to a current price of $6.18 — trading 11.7% above its estimated fair value. The current Price-to-Tangible-Book is 4.53 and 132.9% above the Retail - Defensive industry median of 1.95. Tesco's overall GF Score™ is 81/100 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 Tesco (TSCDF), the current Price-to-Tangible-Book is 4.53 as of Sep. 07, 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 Tesco (TSCDF) Overvalued in 2026?
Based on GuruFocus' analysis, Tesco stock appears to be overvalued.
The current stock price of $6.18 is trading 11.7% above its estimated GF Value™ of $5.53.
GuruFocus considers Tesco to be Modestly Overvalued.
Key valuation signals for TSCDF:
Price-to-Tangible-Book: 4.53
GF Value™: $5.53 vs. price of $6.18 (11.7% above fair value)
Industry Position: 132.9% above the Retail - Defensive median (#221 of 284)
No single metric tells the full story. See the TSCDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tesco is a large food retailer, operating thousands of stores in the United Kingdom, Ireland, and Central Europe. The majority of Tesco's sales are from the UK, where the firm has over 24% market share, more than double the second-largest peer, Sainsbury's, according to Euromonitor. Tesco also holds 30% e-grocery market share in the UK, holding a dominant position online. Tesco gained exposure to the cash-and-carry and out-of-home delivery industries with the GBP 4 billion acquisition of Booker in 2018.
81GF Score
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