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LTS:0EWR's PB Ratio is ranked worse than 62.65% of 2637
companies
in the Software industry
Industry Median: 2.37
vs LTS:0EWR: 3.21
During the past 12 months, init innovation in traffic systems SE's average Book Value Per Share Growth Rate was 9.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of init innovation in traffic systems SE was 22.50% per year. The lowest was 2.10% per year. And the median was 9.70% per year.
Back to Basics: PB Ratio
init innovation in traffic systems SE (LTS:0EWR) 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.
init innovation in traffic systems SE PB Ratio Related Terms
init innovation in traffic systems SE 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.
init innovation in traffic systems SE PB Ratio Chart
For the Information Technology Services subindustry, init innovation in traffic systems SE'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.
init innovation in traffic systems SE PB Ratio vs Software Industry
init innovation in traffic systems SE PB Ratio Calculation
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.
init innovation in traffic systems SE (LTS:0EWR) has a PB Ratio of 3.18 as of Jul. 19, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on init innovation in traffic systems SE and its competitors. This is 18% above median its historical median of 2.70. Over the past decade, init innovation in traffic systems SE's PB Ratio has ranged from 1.56 to 5.16. According to the industry distribution chart, init innovation in traffic systems SE ranks #1652 out of 2637 companies in the Software industry, placing it in the top 62.6%.
Is init innovation in traffic systems SE's PB Ratio too high?
init innovation in traffic systems SE's current PB Ratio of 3.18 is 18% above median its 10-year median of 2.70. Over the past 10 years, this metric has ranged from a low of 1.56 to a high of 5.16. The Software industry median PB Ratio is 2.37. init innovation in traffic systems SE's value of 3.18 is 34.2% above this industry median. Based on the distribution chart, init innovation in traffic systems SE ranks #1652 out of 2637 companies in the Software industry, which is below the industry midpoint. Overall, init innovation in traffic systems SE has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does init innovation in traffic systems SE's PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, init innovation in traffic systems SE ranks #1652 out of 2637 companies for PB Ratio. This places init innovation in traffic systems SE in the lower half of its industry. The industry median PB Ratio is 2.37. init innovation in traffic systems SE's value of 3.18 is 34.2% above this benchmark. Historically, init innovation in traffic systems SE's own PB Ratio has ranged from 1.56 to 5.16 over the past decade. While the company's 10-year median is 2.70 vs. the industry median of 2.37, init innovation in traffic systems SE 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 2.37, based on 2,637 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. init innovation in traffic systems SE's current PB Ratio of 3.18 is 34.2% 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 init innovation in traffic systems SE and its competitors. For the Software industry, the median PB Ratio is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. init innovation in traffic systems SE's current PB Ratio is 3.18, which is 18% above median its own 10-year median of 2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is init innovation in traffic systems SE stock overvalued right now?
Based on GuruFocus' analysis, init innovation in traffic systems SE (LTS:0EWR) is currently considered Modestly Undervalued. The stock's GF Value™ is €56.55, compared to a current price of €46.85 — trading 17.2% below its estimated fair value. The current PB Ratio is 3.18, which is 18% above median its 10-year median of 2.70 and 34.2% above the Software industry median of 2.37. init innovation in traffic systems SE's overall GF Score™ is 95/100 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 init innovation in traffic systems SE (LTS:0EWR), the current PB Ratio is 3.18 as of Jul. 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 init innovation in traffic systems SE (LTS:0EWR) Overvalued in 2026?
Based on GuruFocus' analysis, init innovation in traffic systems SE stock appears to be undervalued.
The current stock price of €46.85 is trading 17.2% below its estimated GF Value™ of €56.55.
GuruFocus considers init innovation in traffic systems SE to be Modestly Undervalued.
Key valuation signals for LTS:0EWR:
PB Ratio: 3.18 (18% above median its 10-year median of 2.70)
GF Value™: €56.55 vs. price of €46.85 (17.2% below fair value)
Industry Position: 34.2% above the Software median (#1652 of 2637)
No single metric tells the full story. See the LTS:0EWR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
init innovation in traffic systems SE Business Description
init innovation in traffic systems SE supplies transportation telematics systems. It mainly offers integrated planning, dispatching, telematics, and ticketing solutions for buses and trains around the world. The company operates through the following divisions: INIT Integrated Systems, INIT Cloud Solutions, and INIT Passenger Intelligence. The INIT Integrated Systems division installs and operates integrated hardware and software systems for transport operators; the INIT Cloud Solutions unit offers software and data platforms; and the INIT Passenger Intelligence unit offers solutions to track, analyze, and monitor passenger movement in public transport to optimize overall public transport performance and comfort. Geographically, the company generates maximum revenue from North America.
95GF Score
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