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FiscalNote HoldingsFRA:A2O1 44 PB Ratio is 68.75 as of Aug. 19, 2026, which is 3920% above its 10-year median of 1.71. GuruFocus rates FRA:A2O1 with a GF Score™ of 44/100 and a GF Value™ of €35.25. The stock has 4 warning signs investors should review. Among 2,631 Software companies, FiscalNote Holdings ranks worse than 83.54% on this metric.
The historical rank and industry rank for FiscalNote Holdings's PB Ratio or its related term are showing as below:
FRA:A2O1'
s PB Ratio Range Over the Past 10 Years
Min: 0.06 Med: 1.71 Max: 13.2
Current: 6.6
During the past 7 years, FiscalNote Holdings's highest PB Ratio was 13.20. The lowest was 0.06. And the median was 1.71.
FRA:A2O1's PB Ratio is ranked worse than 83.54% of 2631
companies
in the Software industry
Industry Median: 2.48
vs FRA:A2O1: 6.60
During the past 12 months, FiscalNote Holdings's average Book Value Per Share Growth Rate was -99.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -33.90% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of FiscalNote Holdings was -33.90% per year. The lowest was -33.90% per year. And the median was -33.90% per year.
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.
FiscalNote Holdings PB Ratio Related Terms
FiscalNote Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for FiscalNote Holdings'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.
For the Information Technology Services subindustry, FiscalNote Holdings'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.
FiscalNote Holdings PB Ratio vs Software Industry
For the Software industry and Technology sector, FiscalNote Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where FiscalNote Holdings's PB Ratio falls into.
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.
* 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.
FiscalNote Holdings (FRA:A2O1) has a PB Ratio of 68.75 as of Aug. 19, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on FiscalNote Holdings and its competitors. This is 3920% above median its historical median of 1.71. Over the past decade, FiscalNote Holdings' PB Ratio has ranged from 0.06 to 13.20. According to the industry distribution chart, FiscalNote Holdings ranks #2198 out of 2631 companies in the Software industry, placing it in the top 83.5%.
Is FiscalNote Holdings' PB Ratio too high?
FiscalNote Holdings' current PB Ratio of 68.75 is 3920% above median its 10-year median of 1.71. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 13.20. The Software industry median PB Ratio is 2.48. FiscalNote Holdings' value of 68.75 is 2672.2% above this industry median. Based on the distribution chart, FiscalNote Holdings ranks #2198 out of 2631 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, FiscalNote Holdings has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does FiscalNote Holdings' PB Ratio compare to HWNI and CYCU?
According to the Software industry distribution chart, FiscalNote Holdings ranks #2198 out of 2631 companies for PB Ratio. This places FiscalNote Holdings in the lower half of its industry. The industry median PB Ratio is 2.48. FiscalNote Holdings' value of 68.75 is 2672.2% above this benchmark. Historically, FiscalNote Holdings' own PB Ratio has ranged from 0.06 to 13.20 over the past decade. While the company's 10-year median is 1.71 vs. the industry median of 2.48, FiscalNote Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Software company?
The median PB Ratio among Software companies is 2.48, based on 2,631 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FiscalNote Holdings's current PB Ratio of 68.75 is 2672.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on FiscalNote Holdings and its competitors. For the Software industry, the median PB Ratio is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FiscalNote Holdings's current PB Ratio is 68.75, which is 3920% above median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FiscalNote Holdings stock overvalued right now?
FiscalNote Holdings (FRA:A2O1) has a current PB Ratio of 68.75. The stock's GF Value™ is €35.25, compared to a current price of €0.55 — trading 98.4% below its estimated fair value. The current PB Ratio is 68.75, which is 3920% above median its 10-year median of 1.71 and 2672.2% above the Software industry median of 2.48. FiscalNote Holdings' overall GF Score™ is 44/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For FiscalNote Holdings (FRA:A2O1), the current PB Ratio is 68.75 as of Aug. 19, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is FiscalNote Holdings (FRA:A2O1) Overvalued in 2026?
Based on GuruFocus' analysis, FiscalNote Holdings stock appears to be undervalued.
The current stock price of €0.55 is trading 98.4% below its estimated GF Value™ of €35.25.
Key valuation signals for FRA:A2O1:
PB Ratio: 68.75 (3920% above median its 10-year median of 1.71)
GF Value™: €35.25 vs. price of €0.55 (98.4% below fair value)
Industry Position: 2672.2% above the Software median (#2198 of 2631)
No single metric tells the full story. See the FRA:A2O1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FiscalNote Holdings Inc provides technology solutions for policy and market intelligence. Its offerings include legislative tracking, regulatory analysis, and stakeholder engagement through its platform, PolicyNote, which integrates policy data with monitoring tools and analysis. The company serves a diverse customer base comprising enterprises, midsized and smaller businesses, government agencies, law firms, professional services organizations, trade groups and non-profits in more than 40 countries. It derives revenue from subscription revenue arrangements and advisory, advertising and other revenues. Geographically, the company generates the majority of its revenue from North America, and the rest from Europe, Australia, and Asia.
44GF Score
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