The Risks of Buying CBA at a High PB ratio
Over the past ten years, the PB ratio of CBA hovers between 2-2.5. Currently it is 3.16
The last time CBA's PB ratio went above 3 was in March 2015. Share price at this time rallied to $96.
It took SIX years for share price of CBA to get back above $96 (May 2021)