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PT Goto Gojek Tokopedia TbkISX:GOTO 73 PB Ratio is 1.66 as of Jul. 17, 2026, which is 10% below its 10-year median of 1.84. GuruFocus rates ISX:GOTO with a GF Score™ of 73/100 and a GF Value™ of Rp85.48 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,629 Software companies, PT Goto Gojek Tokopedia Tbk ranks better than 65.77% on this metric.
PT Goto Gojek Tokopedia Tbk stock PB Ratio (=1.66) is close to 2-year low of 1.5.
The historical rank and industry rank for PT Goto Gojek Tokopedia Tbk's PB Ratio or its related term are showing as below:
ISX:GOTO'
s PB Ratio Range Over the Past 10 Years
Min: 0.51 Med: 1.84 Max: 2.81
Current: 1.66
During the past 8 years, PT Goto Gojek Tokopedia Tbk's highest PB Ratio was 2.81. The lowest was 0.51. And the median was 1.84.
ISX:GOTO's PB Ratio is ranked better than 65.77% of 2629
companies
in the Software industry
Industry Median: 2.39
vs ISX:GOTO: 1.66
During the past 12 months, PT Goto Gojek Tokopedia Tbk's average Book Value Per Share Growth Rate was -2.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -36.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -6.70% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of PT Goto Gojek Tokopedia Tbk was 102.30% per year. The lowest was -36.90% per year. And the median was 27.80% per year.
Back to Basics: PB Ratio
PT Goto Gojek Tokopedia Tbk (ISX:GOTO) 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.
PT Goto Gojek Tokopedia Tbk PB Ratio Related Terms
PT Goto Gojek Tokopedia Tbk PB Ratio Historical Data
* 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 Software - Infrastructure subindustry, PT Goto Gojek Tokopedia Tbk'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.
PT Goto Gojek Tokopedia Tbk PB Ratio vs Software Industry
For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's PB Ratio distribution charts can be found below:
* The bar in red indicates where PT Goto Gojek Tokopedia Tbk'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.
PT Goto Gojek Tokopedia Tbk (ISX:GOTO) has a PB Ratio of 1.66 as of Jul. 17, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on PT Goto Gojek Tokopedia Tbk and its competitors. This is 10% below median its historical median of 1.84. Over the past decade, PT Goto Gojek Tokopedia Tbk's PB Ratio has ranged from 0.51 to 2.81. According to the industry distribution chart, PT Goto Gojek Tokopedia Tbk ranks #900 out of 2629 companies in the Software industry, placing it in the top 34.2%.
Is PT Goto Gojek Tokopedia Tbk's PB Ratio too high?
PT Goto Gojek Tokopedia Tbk's current PB Ratio of 1.66 is 10% below median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 2.81. The Software industry median PB Ratio is 2.39. PT Goto Gojek Tokopedia Tbk's value of 1.66 is 30.5% below this industry median. Based on the distribution chart, PT Goto Gojek Tokopedia Tbk ranks #900 out of 2629 companies in the Software industry, which is above the industry midpoint. Overall, PT Goto Gojek Tokopedia Tbk has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Goto Gojek Tokopedia Tbk's PB Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, PT Goto Gojek Tokopedia Tbk ranks #900 out of 2629 companies for PB Ratio. This puts PT Goto Gojek Tokopedia Tbk in the upper half of its industry. The industry median PB Ratio is 2.39. PT Goto Gojek Tokopedia Tbk's value of 1.66 is 30.5% below this benchmark. Historically, PT Goto Gojek Tokopedia Tbk's own PB Ratio has ranged from 0.51 to 2.81 over the past decade. While the company's 10-year median is 1.84 vs. the industry median of 2.39, PT Goto Gojek Tokopedia Tbk has consistently been below 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 2.39, based on 2,629 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. PT Goto Gojek Tokopedia Tbk's current PB Ratio of 1.66 is 30.5% below 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 PT Goto Gojek Tokopedia Tbk and its competitors. For the Software industry, the median PB Ratio is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Goto Gojek Tokopedia Tbk's current PB Ratio is 1.66, which is 10% below median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Goto Gojek Tokopedia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Goto Gojek Tokopedia Tbk (ISX:GOTO) is currently considered Possible Value Trap. The stock's GF Value™ is Rp85.48, compared to a current price of Rp50.00 — trading 41.5% below its estimated fair value. The current PB Ratio is 1.66, which is 10% below median its 10-year median of 1.84 and 30.5% below the Software industry median of 2.39. PT Goto Gojek Tokopedia Tbk's overall GF Score™ is 73/100 with 5 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 PT Goto Gojek Tokopedia Tbk (ISX:GOTO), the current PB Ratio is 1.66 as of Jul. 17, 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 PT Goto Gojek Tokopedia Tbk (ISX:GOTO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Goto Gojek Tokopedia Tbk stock appears to be undervalued.
The current stock price of Rp50.00 is trading 41.5% below its estimated GF Value™ of Rp85.48.
GuruFocus considers PT Goto Gojek Tokopedia Tbk to be Possible Value Trap.
Key valuation signals for ISX:GOTO:
PB Ratio: 1.66 (10% below median its 10-year median of 1.84)
GF Value™: Rp85.48 vs. price of Rp50.00 (41.5% below fair value)
Industry Position: 30.5% below the Software median (#900 of 2629)
No single metric tells the full story. See the ISX:GOTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the financial services business to account for the majority of revenue while its on-demand business begins to become less of a priority. Prior to the deconsolidation, 82% of nonfinancial services' gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy-now, pay-later programs. The company competes with Grab in the ride-hailing and delivery business.
73GF Score
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