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Principal Financial price to book ratio PFG

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
1.9×
10-year median
1.6×
Against its 10-year history
92nd
percentile: 0 is its lowest day, 100 its highest
10-year range
0.5× to 2.5×
Peer median
2.5×

Principal Financial's price to book ratio is 1.9× as of Oct 23, 2026.

That is above its ten-year median of 1.6×, higher than on 92% of days in the last ten years.

Over that time it ranged from 0.5× in Mar 2020 to 2.5× in Nov 2022.

The median for 10 asset managers of a similar size is 2.5×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far1.9×1.6×2.1×
20251.7×1.5×1.8×
20241.6×1.6×1.9×
20231.8×1.6×2.4×
20222.2×1.1×2.5×
20211.2×0.9×1.2×
20200.9×0.5×1.1×
20191.0×1.0×1.4×
20181.1×1.0×1.8×
20171.7×1.5×1.8×
20161.5×1.1×1.6×
20151.4×1.3×1.8×
20141.5×1.3×1.6×
20131.6×0.9×1.6×
20120.8×0.7×0.9×
20110.8×0.7×1.1×
20101.1×0.8×1.3×
20091.0×1.0×1.6×

Against its peers

Companies in Asset Management nearest Principal Financial's size, closest first, today.

CompanyPrice to book ratio
PFGPrincipal Financial1.9×
TROWT. Rowe Price2.0×
RJFRaymond James Financial2.4×
NTRSNorthern Trust2.3×
TPGTPG13.9×
BENFranklin Resources1.3×
OWLBlue OWL Capital7.3×
CGCarlyle2.6×
ARESAres Management10.2×
AMPAmeriprise Financial6.8×
STTState Street1.6×
Peer median2.5×

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 Principal Financial

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