DFDV (DeFi Development) PB Ratio: (As of Aug. 19, 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DFDV DeFi Development Corp DFDV
59 GF Score
Price $3.19
GF Value $2.76
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is DeFi Development PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-08-19), DeFi Development's share price is $3.19. DeFi Development's Book Value per Share for the quarter that ended in Jun. 2026 was $-0.39. Hence, DeFi Development's PB Ratio of today is .

The historical rank and industry rank for DeFi Development's PB Ratio or its related term are showing as below:

During the past 6 years, DeFi Development's highest PB Ratio was 120.60. The lowest was 0.59. And the median was 2.18.

DFDV's PB Ratio is not ranked *
in the Asset Management industry.
Industry Median: 0.95
* Ranked among companies with meaningful PB Ratio only.

During the past 12 months, DeFi Development's average Book Value Per Share Growth Rate was -108.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 281.10% per year.

During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of DeFi Development was 281.10% per year. The lowest was 94.50% per year. And the median was 187.80% per year.

Back to Basics: PB Ratio


DeFi Development  (NAS:DFDV) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


DeFi Development PB Ratio Related Terms


DeFi Development PB Ratio Historical Data

* Premium members only.

The historical data trend for DeFi Development's PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

DeFi Development PB Ratio Chart

DeFi Development Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial 0.00 0.00 1.96 1.96 1.52

DeFi Development Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.69 1.74 1.52 9.51 0.00

DFDV vs VGI, DTF, PFX: PB Ratio Comparison

For the Asset Management subindustry, DeFi Development's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


DeFi Development PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, DeFi Development's PB Ratio distribution charts can be found below:

* The bar in red indicates where DeFi Development's PB Ratio falls into.


DFDV
59GF Score
DeFi Development Corp DFDV
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DeFi Development PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

DeFi Development's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jun. 2026)
=3.19/-0.394
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Is DeFi Development (DFDV) Overvalued in 2026?

Based on GuruFocus' analysis, DeFi Development stock appears to be overvalued. The current stock price of $3.19 is trading 15.6% above its estimated GF Value™ of $2.76. GuruFocus considers DeFi Development to be Modestly Overvalued.

Key valuation signals for DFDV:

  • PB Ratio:
  • GF Value™: $2.76 vs. price of $3.19 (15.6% above fair value)
  • GF Score™: 59/100 with 6 warning signs

No single metric tells the full story. See the DFDV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DeFi Development Business Description

Other Exchanges F6S0:Germany
Address 6401 Congress Avenue, Suite 250, Boca Raton, FL, USA, 33487
DeFi Development Corp is a U.S. company committed to building its treasury around Solana (SOL), a fast-growing blockchain infrastructure platform. This equity delivers shareholders tangible exposure to SOL price movement and staking rewards, making the firm a proxy for the Solana ecosystem. The treasury extends to running its own validator infrastructure, allowing DFDV to actively participate in and benefit from the Solana network expansion. The firm has two segments: Digital Asset Treasury ("Treasury") and Real Estate Platform ("Real Estate"). The company generates the majority of its revenue from the Treasury segment.
59GF Score

Get the complete analysis for DFDV

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.19
Price
$2.76
GF Value