Alerus Financial price to book ratio ALRS

Market value divided by the book value of the company's net assets, since 2019.

Today, Oct 23, 2026: 1.4×
7-year median: 1.2×
Against its 7-year history: 72nd; percentile: 0 is its lowest day, 100 its highest
7-year range: 0.8× to 1.8×
Peer median: 1.3×

Alerus Financial's price to book ratio is 1.4× as of Oct 23, 2026.

That is above its 7-year median of 1.2×, higher than on 72% of days in the last 7 years.

Over that time it ranged from 0.8× in May 2023 to 1.8× in Nov 2021.

The median for 10 diversified banks of a similar size is 1.3×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	1.4×	1.0×	1.5×
2025	1.0×	0.8×	1.4×
2024	1.3×	1.0×	1.5×
2023	1.3×	0.8×	1.4×
2022	1.4×	1.2×	1.6×
2021	1.4×	1.3×	1.8×
2020	1.5×	0.9×	1.5×
2019	1.4×	1.3×	1.4×

Against its peers

Companies in Banks - Diversified nearest Alerus Financial's size, closest first, today.

Company	Price to book ratio
ALRSAlerus Financial	1.4×
FISIFinancial Institutions	1.2×
SHBIShore Bancshares	1.2×
SMBKSmartfinancial	1.5×
AROWArrow Financial	1.6×
BCALCalifornia BanCorp	1.2×
PFISPeoples Financial Services	1.3×
CARECarter Bankshares	1.3×
HAFCHanmi Financial	1.2×
CBNKCapital Bancorp	1.6×
CACCamden National	1.3×
Peer median	1.3×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Alerus Financial

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.