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.
Provident Financial Services Price-to-Tangible-Book Related Terms
Provident Financial Services 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.
PFS vs BANC, BOH, SBCF: Price-to-Tangible-Book Comparison
For the Banks - Regional subindustry, Provident Financial Services'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.
Provident Financial Services Price-to-Tangible-Book vs Banks Industry
For the Banks industry and Financial Services sector, Provident Financial Services's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Provident Financial Services'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.
Provident Financial Services (PFS) has a Price-to-Tangible-Book of 1.47 as of Jul. 08, 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 Provident Financial Services and its competitors. This is near median its historical median of 1.47. Over the past decade, Provident Financial Services' Price-to-Tangible-Book has ranged from 0.84 to 2.26. According to the industry distribution chart, Provident Financial Services ranks #1020 out of 1506 companies in the Banks industry, placing it in the top 67.7%.
Is Provident Financial Services' Price-to-Tangible-Book too high?
Provident Financial Services' current Price-to-Tangible-Book of 1.47 is near median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 2.26. The Banks industry median Price-to-Tangible-Book is 1.18. Provident Financial Services' value of 1.47 is 24.6% above this industry median. Based on the distribution chart, Provident Financial Services ranks #1020 out of 1506 companies in the Banks industry, which is below the industry midpoint. Overall, Provident Financial Services has a GF Scoreâ„¢ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Provident Financial Services' Price-to-Tangible-Book compare to BANC and BOH?
According to the Banks industry distribution chart, Provident Financial Services ranks #1020 out of 1506 companies for Price-to-Tangible-Book. This places Provident Financial Services in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.18. Provident Financial Services' value of 1.47 is 24.6% above this benchmark. Historically, Provident Financial Services' own Price-to-Tangible-Book has ranged from 0.84 to 2.26 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 1.18, Provident Financial Services 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 1.18, based on 1,506 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. Provident Financial Services's current Price-to-Tangible-Book of 1.47 is 24.6% 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 Provident Financial Services and its competitors. For the Banks industry, the median Price-to-Tangible-Book is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Provident Financial Services's current Price-to-Tangible-Book is 1.47, which is near median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Provident Financial Services stock overvalued right now?
Based on GuruFocus' analysis, Provident Financial Services (PFS) is currently considered Modestly Overvalued. The stock's GF Value™ is $18.41, compared to a current price of $23.55 — trading 27.9% above its estimated fair value. The current Price-to-Tangible-Book is 1.47, which is near median its 10-year median of 1.47 and 24.6% above the Banks industry median of 1.18. Provident Financial Services' overall GF Score™ is 57/100 with 8 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 Provident Financial Services (PFS), the current Price-to-Tangible-Book is 1.47 as of Jul. 08, 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 Provident Financial Services (PFS) Overvalued in 2026?
Based on GuruFocus' analysis, Provident Financial Services stock appears to be overvalued.
The current stock price of $23.55 is trading 27.9% above its estimated GF Value™ of $18.41.
GuruFocus considers Provident Financial Services to be Modestly Overvalued.
Key valuation signals for PFS:
Price-to-Tangible-Book: 1.47 (near median its 10-year median of 1.47)
GF Value™: $18.41 vs. price of $23.55 (27.9% above fair value)
Industry Position: 24.6% above the Banks median (#1020 of 1506)
No single metric tells the full story. See the PFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The company's operations are solely in the financial services industry and include providing traditional banking and other financial services to its customers. The company operates in the geographical regions of northern and central New Jersey, Queens and Nassau Counties in New York and eastern Pennsylvania. The company has a single reporting segment for financial reporting purposes. The majority of the revenue-generating activities that are components of non-interest income. These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.
57GF Score
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