Harvest Technology (MAL:HRV) PB Ratio: 1.70 (As of Jul. 16, 2026) — 25% Below Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MAL:HRV Harvest Technology PLC MAL:HRV
87 GF Score
Price €1.00
GF Value €1.09
Valuation Fairly Valued
! 5 Warning Signs
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What is Harvest Technology PB Ratio?

Harvest Technology MAL:HRV 87 PB Ratio is 1.70 as of Jul. 16, 2026, which is 25% below its 10-year median of 2.28. GuruFocus rates MAL:HRV with a GF Score™ of 87/100 and a GF Value™ of €1.09 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,629 Software companies, Harvest Technology ranks better than 65.08% 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 (2026-07-16), Harvest Technology's share price is €1.00. Harvest Technology's Book Value per Share for the quarter that ended in Dec. 2025 was €0.59. Hence, Harvest Technology's PB Ratio of today is 1.70.

The historical rank and industry rank for Harvest Technology's PB Ratio or its related term are showing as below:

MAL:HRV' s PB Ratio Range Over the Past 10 Years
Min: 1.03   Med: 2.28   Max: 3.3
Current: 1.7

During the past 7 years, Harvest Technology's highest PB Ratio was 3.30. The lowest was 1.03. And the median was 2.28.

MAL:HRV's PB Ratio is ranked better than
65.08% of 2629 companies
in the Software industry
Industry Median: 2.42 vs MAL:HRV: 1.70

During the past 12 months, Harvest Technology'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 -0.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 1.80% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Harvest Technology was 9.60% per year. The lowest was -0.60% per year. And the median was 3.00% per year.

Back to Basics: PB Ratio


Harvest Technology  (MAL:HRV) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Harvest Technology PB Ratio Related Terms


Harvest Technology PB Ratio Historical Data

* Premium members only.

The historical data trend for Harvest Technology'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.

Harvest Technology PB Ratio Chart

Harvest Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial 2.47 2.41 1.94 1.52 1.11

Harvest Technology Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.94 1.84 1.52 1.52 1.11

MAL:HRV vs IBM, ACN, FISV: PB Ratio Comparison

For the Information Technology Services subindustry, Harvest Technology'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.


Harvest Technology PB Ratio vs Software Industry

For the Software industry and Technology sector, Harvest Technology's PB Ratio distribution charts can be found below:

* The bar in red indicates where Harvest Technology's PB Ratio falls into.


MAL:HRV
87GF Score
Harvest Technology PLC MAL:HRV
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harvest Technology 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.

Harvest Technology's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=1.00/0.587
=1.70

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 1.70 mean?
Harvest Technology (MAL:HRV) has a PB Ratio of 1.70 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Harvest Technology and its competitors. This is 25% below median its historical median of 2.28. Over the past decade, Harvest Technology's PB Ratio has ranged from 1.03 to 3.30. According to the industry distribution chart, Harvest Technology ranks #918 out of 2629 companies in the Software industry, placing it in the top 34.9%.
Is Harvest Technology's PB Ratio too high?
Harvest Technology's current PB Ratio of 1.70 is 25% below median its 10-year median of 2.28. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 3.30. The Software industry median PB Ratio is 2.42. Harvest Technology's value of 1.70 is 29.8% below this industry median. Based on the distribution chart, Harvest Technology ranks #918 out of 2629 companies in the Software industry, which is above the industry midpoint. Overall, Harvest Technology has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harvest Technology's PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Harvest Technology ranks #918 out of 2629 companies for PB Ratio. This puts Harvest Technology in the upper half of its industry. The industry median PB Ratio is 2.42. Harvest Technology's value of 1.70 is 29.8% below this benchmark. Historically, Harvest Technology's own PB Ratio has ranged from 1.03 to 3.30 over the past decade. While the company's 10-year median is 2.28 vs. the industry median of 2.42, Harvest Technology 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 2.42, 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. Harvest Technology's current PB Ratio of 1.70 is 29.8% 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 Harvest Technology and its competitors. For the Software industry, the median PB Ratio is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harvest Technology's current PB Ratio is 1.70, which is 25% below median its own 10-year median of 2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harvest Technology stock overvalued right now?
Based on GuruFocus' analysis, Harvest Technology (MAL:HRV) is currently considered Fairly Valued. The stock's GF Value™ is €1.09, compared to a current price of €1.00 — trading 8.3% below its estimated fair value. The current PB Ratio is 1.70, which is 25% below median its 10-year median of 2.28 and 29.8% below the Software industry median of 2.42. Harvest Technology's overall GF Score™ is 87/100 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 Harvest Technology (MAL:HRV), the current PB Ratio is 1.70 as of Jul. 16, 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 Harvest Technology (MAL:HRV) Overvalued in 2026?

Based on GuruFocus' analysis, Harvest Technology stock appears to be undervalued. The current stock price of €1.00 is trading 8.3% below its estimated GF Value™ of €1.09. GuruFocus considers Harvest Technology to be Fairly Valued.

Key valuation signals for MAL:HRV:

  • PB Ratio: 1.70 (25% below median its 10-year median of 2.28)
  • GF Value™: €1.09 vs. price of €1.00 (8.3% below fair value)
  • GF Score™: 87/100 with 5 warning signs
  • Industry Position: 29.8% below the Software median (#918 of 2629)

No single metric tells the full story. See the MAL:HRV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harvest Technology Business Description

Address Valletta Road, Nineteen Twenty Three, Marsa, MLT, MRS 3000
Harvest Technology PLC company principally acts as a holding company. The company is engaged in the sale, maintenance and servicing of information technology solutions, fire, security, building management systems and to provide electronic payments solutions. The Group operates in two segments, sale of payment processing services and the provision of IT solutions and security systems. The company has presence in Malta, EU countries, and Non-EU countries. The company generates majority of revenue from Malta only.
87GF Score

Get the complete analysis for MAL:HRV

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.00
Price
€1.09
GF Value