New Horizon AircraftHOVR +0.28%14 PB Ratio is 13.71 as of Jul. 11, 2026. GuruFocus rates HOVR with a GF Score™ of 14/100. The stock has 2 warning signs investors should review. Among 338 Aerospace & Defense companies, New Horizon Aircraft ranks worse than 90.24% on this metric.
The historical rank and industry rank for New Horizon Aircraft's PB Ratio or its related term are showing as below:
HOVR'
s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 13.71
Current: 13.54
During the past 4 years, New Horizon Aircraft's highest PB Ratio was 13.71. The lowest was 0.00. And the median was 0.00.
HOVR's PB Ratio is ranked worse than 90.24% of 338
companies
in the Aerospace & Defense industry
Industry Median: 3.73
vs HOVR: 13.54
During the past 3 years, the average Book Value Per Share Growth Rate was -11.00% per year.
During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of New Horizon Aircraft was -11.00% per year. The lowest was -11.00% per year. And the median was -11.00% per year.
Back to Basics: PB Ratio
New Horizon Aircraft (NAS:HOVR) PB Ratio Explanation
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.
New Horizon Aircraft PB Ratio Related Terms
New Horizon Aircraft PB Ratio Historical Data
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The historical data trend for New Horizon Aircraft'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 Aerospace & Defense subindustry, New Horizon Aircraft'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.
New Horizon Aircraft PB Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, New Horizon Aircraft's PB Ratio distribution charts can be found below:
* The bar in red indicates where New Horizon Aircraft'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.
New Horizon Aircraft (HOVR) has a PB Ratio of 13.71 as of Jul. 11, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on New Horizon Aircraft and its competitors. According to the industry distribution chart, New Horizon Aircraft ranks #305 out of 338 companies in the Aerospace & Defense industry, placing it in the top 90.2%.
Is New Horizon Aircraft's PB Ratio too high?
New Horizon Aircraft's current PB Ratio is 13.71. The Aerospace & Defense industry median PB Ratio is 3.73. New Horizon Aircraft's value of 13.71 is 267.6% above this industry median. Based on the distribution chart, New Horizon Aircraft ranks #305 out of 338 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, New Horizon Aircraft has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does New Horizon Aircraft's PB Ratio compare to VWAV and CODA?
According to the Aerospace & Defense industry distribution chart, New Horizon Aircraft ranks #305 out of 338 companies for PB Ratio. This places New Horizon Aircraft in the lower half of its industry. The industry median PB Ratio is 3.73. New Horizon Aircraft's value of 13.71 is 267.6% above this benchmark. 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 an Aerospace & Defense company?
The median PB Ratio among Aerospace & Defense companies is 3.73, based on 338 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. New Horizon Aircraft's current PB Ratio of 13.71 is 267.6% 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 New Horizon Aircraft and its competitors. For the Aerospace & Defense industry, the median PB Ratio is 3.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Horizon Aircraft's current PB Ratio is 13.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Horizon Aircraft stock overvalued right now?
New Horizon Aircraft (HOVR) has a current PB Ratio of 13.71. The current PB Ratio is 13.71 and 267.6% above the Aerospace & Defense industry median of 3.73. New Horizon Aircraft's overall GF Score™ is 14/100 with 2 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 New Horizon Aircraft (HOVR), the current PB Ratio is 13.71 as of Jul. 11, 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.
New Horizon Aircraft Ltd is an aerospace Original Equipment Manufacturer that is designing and building a next-generation hybrid electric vertical take-off and landing aircraft for the regional air mobility market. Its aircraft will offer a more efficient way to move people and goods at a regional scale, help to connect remote communities, and advance its ability to deal with an increasing number of climate-related natural disasters such as wildfires, floods, and droughts. The company aims to deliver a hybrid electric 7-seat aircraft, called the Cavorite X7, that can take off and land vertically like and helicopter.
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