Question 1

What is Assured Guaranty's P/B ratio?

Accepted Answer

Assured Guaranty (AGO) P/B ratio is 0.6× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Assured Guaranty?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Assured Guaranty specifically, the relevant sector benchmark is the current sector median of 1.7×.

Question 5

Is Assured Guaranty's P/B ratio high or low?

Accepted Answer

Assured Guaranty's P/B ratio of 0.6× is below its own 5-year average of 0.7× and below the sector median of 1.7×. That places the current reading at the 16th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Assured Guaranty's historical P/B ratio range?

Accepted Answer

In the available daily series, Assured Guaranty (AGO) P/B ratio has ranged from a low of 0.3× in 2020 to a high of 1.3× in 2007. The 5-year average is 0.7× and the 5-year median is 0.7×.

Question 7

What was Assured Guaranty's P/B ratio in 2025?

Accepted Answer

Assured Guaranty (AGO) P/B ratio at the end of 2025 was 0.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Assured Guaranty's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$4.39B	$5.66B	0.8×	-0.1×	Dec 31, 2025
2024	$4.55B	$5.50B	0.8×	+0.1×	Dec 31, 2024
2023	$4.27B	$5.71B	0.7×	+0.0×	Dec 31, 2023
2022	$3.72B	$5.06B	0.7×	+0.2×	Dec 31, 2022
2021	$3.39B	$6.29B	0.5×	+0.2×	Dec 31, 2021
2020	$2.42B	$6.64B	0.4×	-0.3×	Dec 31, 2020
2019	$4.57B	$6.64B	0.7×	+0.1×	Dec 31, 2019
2018	$4.03B	$6.55B	0.6×	+0.0×	Dec 31, 2018
2017	$3.97B	$6.84B	0.6×	-0.2×	Dec 31, 2017
2016	$4.91B	$6.50B	0.8×	+0.1×	Dec 31, 2016
2015	$3.71B	$6.06B	0.6×	-0.1×	Dec 31, 2015
2014	$4.19B	$5.76B	0.7×	-0.1×	Dec 31, 2014
2013	$4.29B	$5.12B	0.8×	+0.3×	Dec 31, 2013
2012	$2.76B	$4.99B	0.6×	+0.0×	Dec 31, 2012
2011	$2.40B	$4.72B	0.5×	-0.3×	Dec 31, 2011
2010	$3.26B	$3.80B	0.9×	-0.3×	Dec 31, 2010
2009	$4.01B	$3.52B	1.1×	+0.6×	Dec 31, 2009
2008	$1.04B	$1.93B	0.5×	-0.7×	Dec 31, 2008
2007	$2.13B	$1.67B	1.3×	+0.2×	Dec 31, 2007
2006	$1.79B	$1.65B	1.1×	-0.0×	Dec 31, 2006
2005	$1.87B	$1.66B	1.1×	+0.2×	Dec 31, 2005
2004	$1.45B	$1.53B	1.0×	+0.0×	Dec 31, 2004
2003	$1.34B	$1.44B	0.9×	—	Dec 31, 2003


Chesapeake Financial Shares (CPKF)	1.1×
UMB Financial (UMBF)	1.1×
RenaissanceRe Holdings (RNR)	1.1×
KeyCorp (KEY)	1.1×
Southside Bancshares (SBSI)	1.1×
Prudential Financial (PRU)	1.1×
United Bankshares (UBSI)	1.1×
Alerus Financial (ALRS)	1.0×
Capital One Financial (COF)	1.0×
Franklin Resources (BEN)	1.0×
Atlantic Union Bankshares (AUB)	1.0×
American International Group (AIG)	1.0×
Eagle Financial Services (EFSI)	1.0×
Everest Re Group (RE)	1.0×
Citizens Financial Group (CFG)	1.0×
Citigroup (C)	0.9×
Ares Capital (ARCC)	0.9×
Huntington Bancshares (HBAN)	0.9×
Auburn National Bancorporation (AUBN)	0.9×
Invesco (IVZ)	0.9×
Truist Financial (TFC)	0.9×
Everest Re Group (EG)	0.9×
PSB Holdings (PSBQ)	0.8×
Ally Financial (ALLY)	0.8×
Global Payments (GPN)	0.7×

P/B Ratio for Assured Guaranty (AGO)

P/B Ratio daily chart for Assured Guaranty (AGO)

Historical P/B Ratio for Assured Guaranty (AGO) from 2003 to 2025

About P/B Ratio at Assured Guaranty (AGO)

Assured Guaranty P/B Ratio by Year

Assured Guaranty P/B Ratio 2025: 0.8×

Assured Guaranty P/B Ratio 2024: 0.8×

Assured Guaranty P/B Ratio 2023: 0.7×

Assured Guaranty P/B Ratio 2022: 0.7×

Assured Guaranty P/B Ratio 2021: 0.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Assured Guaranty (AGO) Key Financials

P/B Ratio daily chart for Assured Guaranty (AGO)

Historical P/B Ratio for Assured Guaranty (AGO) from 2003 to 2025

About P/B Ratio at Assured Guaranty (AGO)

Assured Guaranty P/B Ratio by Year

Assured Guaranty P/B Ratio 2025: 0.8×

Assured Guaranty P/B Ratio 2024: 0.8×

Assured Guaranty P/B Ratio 2023: 0.7×

Assured Guaranty P/B Ratio 2022: 0.7×

Assured Guaranty P/B Ratio 2021: 0.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Assured Guaranty's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Assured Guaranty?

+Is Assured Guaranty's P/B ratio high or low?

+What is Assured Guaranty's historical P/B ratio range?

+What was Assured Guaranty's P/B ratio in 2025?

+Why does Assured Guaranty's P/B ratio change over time?

Assured Guaranty (AGO) Key Financials