Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico. The company offers payroll accounts and credit cards; car, mortgage, payroll, and personal credit banorte; and savings and investment products. It also provides insurance products, including life, home, auto, health, savings, credit card, mobile equipment, and mortgage credit insurance; foreign exchange services; and online and mobile banking services. The company operates through a network of approximately 1,151 branches, 9,668 ATMs, and 154,443 point of sale terminals. Grupo Financiero Banorte, S.A.B. de C.V. was founded in 1899 and is based in Mexico City, Mexico.
P/B ratio for Grupo Financiero Banorte, S.A.B. de C.V. (GFNORTEO.MX)
P/B ratio as of 2023: 1.93
According to Grupo Financiero Banorte, S.A.B. de C.V.'s latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 1.93. At the end of 2022 the company had a P/B ratio of 1.70.
P/B ratio history for Grupo Financiero Banorte, S.A.B. de C.V. from 2005 to 2023
P/B ratio at the end of each year
| Year | P/B ratio |
|---|---|
| 2023 | 1.93 |
| 2022 | 1.70 |
| 2021 | 1.63 |
| 2020 | 1.41 |
| 2019 | 1.55 |
| 2018 | 1.58 |
| 2017 | 2.03 |
| 2016 | 2.00 |
| 2015 | 1.94 |
| 2014 | 1.83 |
| 2013 | 2.15 |
| 2012 | 2.37 |
| 2011 | 1.34 |
| 2010 | 2.79 |
| 2009 | 2.33 |
| 2008 | 1.33 |
| 2007 | 2.80 |
| 2006 | 3.29 |
| 2005 | 0.72 |