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Gapwaves ABFRA:GW3 -1.27%80 PB Ratio is 5.04 as of Aug. 28, 2026, which is 12% below its 10-year median of 5.70. GuruFocus rates FRA:GW3 with a GF Score™ of 80/100 and a GF Value™ of €1.69 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,412 Hardware companies, Gapwaves AB ranks worse than 78.15% 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 (2026-08-28), Gapwaves AB's share price is €1.088. Gapwaves AB's Book Value per Share for the quarter that ended in Jun. 2026 was €0.22. Hence, Gapwaves AB's PB Ratio of today is 5.04.
The historical rank and industry rank for Gapwaves AB's PB Ratio or its related term are showing as below:
FRA:GW3'
s PB Ratio Range Over the Past 10 Years
Min: 2.77 Med: 5.7 Max: 52.62
Current: 5.2
During the past 12 years, Gapwaves AB's highest PB Ratio was 52.62. The lowest was 2.77. And the median was 5.70.
FRA:GW3's PB Ratio is ranked worse than 78.15% of 2412
companies
in the Hardware industry
Industry Median: 2.3
vs FRA:GW3: 5.20
During the past 12 months, Gapwaves AB's average Book Value Per Share Growth Rate was -12.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -22.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -5.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 31.50% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Gapwaves AB was 206.70% per year. The lowest was -23.70% per year. And the median was 24.80% 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.
Gapwaves AB PB Ratio Related Terms
Gapwaves AB PB Ratio Historical Data
* Premium members only.
The historical data trend for Gapwaves AB'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, Gapwaves AB'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.
Gapwaves AB PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Gapwaves AB's PB Ratio distribution charts can be found below:
* The bar in red indicates where Gapwaves AB'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.
Gapwaves AB'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.
Gapwaves AB (FRA:GW3) has a PB Ratio of 5.04 as of Aug. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Gapwaves AB and its competitors. This is 12% below median its historical median of 5.70. Over the past decade, Gapwaves AB's PB Ratio has ranged from 2.77 to 52.62. According to the industry distribution chart, Gapwaves AB ranks #1885 out of 2412 companies in the Hardware industry, placing it in the top 78.2%.
Is Gapwaves AB's PB Ratio too high?
Gapwaves AB's current PB Ratio of 5.04 is 12% below median its 10-year median of 5.70. Over the past 10 years, this metric has ranged from a low of 2.77 to a high of 52.62. The Hardware industry median PB Ratio is 2.30. Gapwaves AB's value of 5.04 is 119.1% above this industry median. Based on the distribution chart, Gapwaves AB ranks #1885 out of 2412 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Gapwaves AB has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Gapwaves AB's PB Ratio compare to CSCO and MSI?
According to the Hardware industry distribution chart, Gapwaves AB ranks #1885 out of 2412 companies for PB Ratio. This places Gapwaves AB in the lower half of its industry. The industry median PB Ratio is 2.30. Gapwaves AB's value of 5.04 is 119.1% above this benchmark. Historically, Gapwaves AB's own PB Ratio has ranged from 2.77 to 52.62 over the past decade. While the company's 10-year median is 5.70 vs. the industry median of 2.30, Gapwaves AB 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 2.30, based on 2,412 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. Gapwaves AB's current PB Ratio of 5.04 is 119.1% 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 Gapwaves AB and its competitors. For the Hardware industry, the median PB Ratio is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gapwaves AB's current PB Ratio is 5.04, which is 12% below median its own 10-year median of 5.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gapwaves AB stock overvalued right now?
Based on GuruFocus' analysis, Gapwaves AB (FRA:GW3) is currently considered Possible Value Trap. The stock's GF Value™ is €1.69, compared to a current price of €1.09 — trading 35.6% below its estimated fair value. The current PB Ratio is 5.04, which is 12% below median its 10-year median of 5.70 and 119.1% above the Hardware industry median of 2.30. Gapwaves AB's overall GF Score™ is 80/100 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 Gapwaves AB (FRA:GW3), the current PB Ratio is 5.04 as of Aug. 28, 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 Gapwaves AB (FRA:GW3) Overvalued in 2026?
Based on GuruFocus' analysis, Gapwaves AB stock appears to be undervalued.
The current stock price of €1.09 is trading 35.6% below its estimated GF Value™ of €1.69.
GuruFocus considers Gapwaves AB to be Possible Value Trap.
Key valuation signals for FRA:GW3:
PB Ratio: 5.04 (12% below median its 10-year median of 5.70)
GF Value™: €1.69 vs. price of €1.09 (35.6% below fair value)
Industry Position: 119.1% above the Hardware median (#1885 of 2412)
No single metric tells the full story. See the FRA:GW3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gapwaves AB is a Swedish technology company that develops, designs, manufactures, and delivers wireless solutions based on its patented waveguide technology for millimeter wave applications. Its products are mainly used in antennas for radar systems that support driver assistance, autonomous driving, and automotive safety solutions, along with applications in industrial automation, telecom, smart cities, and civil military sectors. It focuses on two key markets for waveguide antennas, namely radar and wireless communication, and is expanding the use of its technology in both areas. Its segments are Automotive, Smart Cities, Mobility, and Defense, each covering a range of growing application areas, and it has a geographic presence in Sweden, the European Union, and the rest of the world.
80GF Score
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