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Volvo ABVOLAF 90 Price-to-Tangible-Book is 5.83 as of Sep. 10, 2026. GuruFocus rates VOLAF with a GF Score™ of 90/100 and a GF Value™ of $25.76 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 202 Farm & Heavy Construction Machinery companies, Volvo AB ranks worse than 84.65% on this metric.
As of today (2026-09-10), Volvo AB's share price is $35.94. Volvo AB's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was $6.17. Hence, Volvo AB's Price to Tangible Book Ratio of today is 5.83.
The historical rank and industry rank for Volvo AB's Price-to-Tangible-Book or its related term are showing as below:
VOLAF'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.24 Med: 3.8 Max: 5.94
Current: 5.94
During the past 13 years, Volvo AB's highest Price to Tangible Book Ratio was 5.94. The lowest was 2.24. And the median was 3.80.
VOLAF's Price-to-Tangible-Book is ranked worse than 84.65% of 202
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.945
vs VOLAF: 5.94
A closely related ratio is called PB Ratio. As of today, Volvo AB's share price is $35.94. Volvo AB's Book Value per Sharefor the quarter that ended in Jun. 2026 was $9.13. Hence, Volvo AB's P/B Ratio of today is 3.94.
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.
Volvo AB Price-to-Tangible-Book Related Terms
Volvo AB Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Volvo AB'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.
VOLAF vs CAT, DE, PCAR: Price-to-Tangible-Book Comparison
For the Farm & Heavy Construction Machinery subindustry, Volvo AB'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.
Volvo AB Price-to-Tangible-Book vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Volvo AB's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Volvo AB'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.
Volvo AB (VOLAF) has a Price-to-Tangible-Book of 5.83 as of Sep. 10, 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 Volvo AB and its competitors. According to the industry distribution chart, Volvo AB ranks #171 out of 202 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 84.7%.
Is Volvo AB's Price-to-Tangible-Book too high?
Volvo AB's current Price-to-Tangible-Book is 5.83. The Farm & Heavy Construction Machinery industry median Price-to-Tangible-Book is 1.95. Volvo AB's value of 5.83 is 199.7% above this industry median. Based on the distribution chart, Volvo AB ranks #171 out of 202 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Volvo AB has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Volvo AB's Price-to-Tangible-Book compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Volvo AB ranks #171 out of 202 companies for Price-to-Tangible-Book. This places Volvo AB in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.95. Volvo AB's value of 5.83 is 199.7% 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 Farm & Heavy Construction Machinery company?
The median Price-to-Tangible-Book among Farm & Heavy Construction Machinery companies is 1.95, based on 202 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. Volvo AB's current Price-to-Tangible-Book of 5.83 is 199.7% 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 Volvo AB and its competitors. For the Farm & Heavy Construction Machinery 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. Volvo AB's current Price-to-Tangible-Book is 5.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Volvo AB stock overvalued right now?
Based on GuruFocus' analysis, Volvo AB (VOLAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $25.76, compared to a current price of $35.94 — trading 39.5% above its estimated fair value. The current Price-to-Tangible-Book is 5.83 and 199.7% above the Farm & Heavy Construction Machinery industry median of 1.95. Volvo AB's overall GF Score™ is 90/100 with 9 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 Volvo AB (VOLAF), the current Price-to-Tangible-Book is 5.83 as of Sep. 10, 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 Volvo AB (VOLAF) Overvalued in 2026?
Based on GuruFocus' analysis, Volvo AB stock appears to be overvalued.
The current stock price of $35.94 is trading 39.5% above its estimated GF Value™ of $25.76.
GuruFocus considers Volvo AB to be Significantly Overvalued.
Key valuation signals for VOLAF:
Price-to-Tangible-Book: 5.83
GF Value™: $25.76 vs. price of $35.94 (39.5% above fair value)
Industry Position: 199.7% above the Farm & Heavy Construction Machinery median (#171 of 202)
No single metric tells the full story. See the VOLAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Volvo Group is one of the largest global truck, bus, construction equipment, and engine and power system original equipment manufacturers, operating with the Volvo, Renault Truck, Mack Trucks, Volvo Penta, and Nova Bus brands. Among the four largest Western global brands—Volvo, Daimler, Paccar, and Traton—Volvo ranks third in terms of annual deliveries. Its truck, construction equipment, bus, and engines and power system segments contributed 71%, 18%, 5%, and 5%, respectively, to industrial operations' revenue in 2025. An in-house financial services division supports these businesses. In its key regions of Europe, North America, Brazil, and Australia, the truck business holds large market shares of 29%, 17%, 24%, and 22%, respectively.
90GF Score
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