Adtran HoldingsFRA:ATN +0.84%62 PB Ratio is 7.92 as of Jul. 12, 2026, which is 313% above its 10-year median of 1.92. GuruFocus rates FRA:ATN with a GF Score™ of 62/100 and a GF Value™ of €7.83 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,416 Hardware companies, Adtran Holdings ranks worse than 85.55% on this metric.
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 (2026-07-12), Adtran Holdings's share price is €11.70. Adtran Holdings's Book Value per Share for the quarter that ended in Mar. 2026 was €1.48. Hence, Adtran Holdings's PB Ratio of today is 7.92.
The historical rank and industry rank for Adtran Holdings's PB Ratio or its related term are showing as below:
FRA:ATN'
s PB Ratio Range Over the Past 10 Years
Min: 0.62 Med: 1.92 Max: 10.81
Current: 7.87
During the past 13 years, Adtran Holdings's highest PB Ratio was 10.81. The lowest was 0.62. And the median was 1.92.
FRA:ATN's PB Ratio is ranked worse than 85.55% of 2416
companies
in the Hardware industry
Industry Median: 2.34
vs FRA:ATN: 7.87
During the past 12 months, Adtran Holdings's average Book Value Per Share Growth Rate was -48.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -47.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -29.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -13.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Adtran Holdings was 75.60% per year. The lowest was -47.30% per year. And the median was 3.20% 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.
Adtran Holdings PB Ratio Related Terms
Adtran Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for Adtran 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 Communication Equipment subindustry, Adtran 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.
Adtran Holdings PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Adtran Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Adtran 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.
Adtran Holdings's PB Ratio for today is calculated as follows:
* 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.
Adtran Holdings (FRA:ATN) has a PB Ratio of 7.92 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Adtran Holdings and its competitors. This is 313% above median its historical median of 1.92. Over the past decade, Adtran Holdings' PB Ratio has ranged from 0.62 to 10.81. According to the industry distribution chart, Adtran Holdings ranks #2067 out of 2416 companies in the Hardware industry, placing it in the top 85.6%.
Is Adtran Holdings' PB Ratio too high?
Adtran Holdings' current PB Ratio of 7.92 is 313% above median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 10.81. The Hardware industry median PB Ratio is 2.34. Adtran Holdings' value of 7.92 is 238.5% above this industry median. Based on the distribution chart, Adtran Holdings ranks #2067 out of 2416 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Adtran Holdings has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adtran Holdings' PB Ratio compare to GILT and FEIM?
According to the Hardware industry distribution chart, Adtran Holdings ranks #2067 out of 2416 companies for PB Ratio. This places Adtran Holdings in the lower half of its industry. The industry median PB Ratio is 2.34. Adtran Holdings' value of 7.92 is 238.5% above this benchmark. Historically, Adtran Holdings' own PB Ratio has ranged from 0.62 to 10.81 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 2.34, Adtran 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 Hardware company?
The median PB Ratio among Hardware companies is 2.34, based on 2,416 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. Adtran Holdings's current PB Ratio of 7.92 is 238.5% 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 Adtran Holdings and its competitors. For the Hardware industry, the median PB Ratio is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adtran Holdings's current PB Ratio is 7.92, which is 313% above median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adtran Holdings stock overvalued right now?
Based on GuruFocus' analysis, Adtran Holdings (FRA:ATN) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.83, compared to a current price of €11.70 — trading 49.4% above its estimated fair value. The current PB Ratio is 7.92, which is 313% above median its 10-year median of 1.92 and 238.5% above the Hardware industry median of 2.34. Adtran Holdings' overall GF Score™ is 62/100 with 6 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 Adtran Holdings (FRA:ATN), the current PB Ratio is 7.92 as of Jul. 12, 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 Adtran Holdings (FRA:ATN) Overvalued in 2026?
Based on GuruFocus' analysis, Adtran Holdings stock appears to be overvalued.
The current stock price of €11.70 is trading 49.4% above its estimated GF Value™ of €7.83.
GuruFocus considers Adtran Holdings to be Significantly Overvalued.
Key valuation signals for FRA:ATN:
PB Ratio: 7.92 (313% above median its 10-year median of 1.92)
GF Value™: €7.83 vs. price of €11.70 (49.4% above fair value)
Industry Position: 238.5% above the Hardware median (#2067 of 2416)
No single metric tells the full story. See the FRA:ATN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adtran Holdings Inc is a provider of networking and communications platforms, software, and services focused on the broadband access market. It operates under two reportable segments: Network Solutions segment, which includes hardware and software products that enable a digital future that supports the company's Subscriber, Access & Aggregation, and Optical Networking Solutions; and Services & Support segment, which includes network design, implementation, maintenance and cloud-hosted services supporting the company's Subscriber, Access & Aggregation, and Optical Networking Solutions. It generates the majority of its revenue from the Network Solutions segment.
62GF Score
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