Principal Financial Group, Inc. PFG
114.77
0.62
0.54%
as of 25 Sep
- Market cap
- $24.4B
- P/E
- 16.1×
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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 | Free account |
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))
More on PFG
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement