Principal Financial Group, Inc. PFG

114.77 0.62 0.54% as of 25 Sep
Market cap
$24.4B
P/E
16.1×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Principal Financial Group, Inc. (PFG) P/B ratio

As of 25 September 2026, Principal Financial Group, Inc. (PFG) trades at a P/B ratio of 2.0×. Over the past ten years it has ranged from 0.5× (March 2020) to 2.5× (November 2022); the current reading is higher than 96% of that period. That is above the Asset Management industry median of 0.9× and above the Financial sector median of 1.3×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 1.6× 2.22%
FY2024 1.6× (7.35%)
FY2023 1.7× (17.06%)
FY2022 2.1× 74.02%
FY2021 1.2× 47.13%
FY2020 0.8× (21.40%)
FY2019 1.0× (5.31%)
FY2018 1.1× (29.97%)
FY2017 1.6× (4.46%)
FY2016 1.6× 16.63%

Quarterly

Period P/B ratio Change
Jun 2026 1.9× 15.68%
Mar 2026 1.7× 0.16%
Dec 2025 1.6× 4.80%
Sep 2025 1.6× 1.37%
42 more quarters

Against its own ten years

Low 0.5× High 2.5×
Ten-year median 1.5×
Current reading's percentile 96

P/B ratio against peers

Company P/B ratio
OWL Blue Owl Capital Inc. compare 1.1×
BEN Franklin Resources Inc compare 1.3×
CRBG Corebridge Financial, Inc. compare 1.5×
TPG TPG Inc. compare 2.0×
TROW T. Rowe Price Group, Inc. compare 2.0×
PFG Principal Financial Group, Inc. 2.0×
RJF Raymond James Financial, Inc. compare 2.4×
NTRS Northern Trust Corporation compare 2.6×
ARES Ares Management Corporation compare 3.9×
Asset Management industry median 0.9×
Financial sector median 1.3×
Market median 1.8×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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