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Frontwalker ABNGM:FRWA B 24 PB Ratio is 2.41 as of Jul. 31, 2026, which is 30% above its 10-year median of 1.86. GuruFocus rates NGM:FRWA B with a GF Score™ of 24/100 and a GF Value™ of kr0.10 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,633 Software companies, Frontwalker AB ranks worse than 50.47% 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 (2026-07-31), Frontwalker AB's share price is kr0.65. Frontwalker AB's Book Value per Share for the quarter that ended in Mar. 2026 was kr0.27. Hence, Frontwalker AB's PB Ratio of today is 2.41.
The historical rank and industry rank for Frontwalker AB's PB Ratio or its related term are showing as below:
NGM:FRWA B'
s PB Ratio Range Over the Past 10 Years
Min: 0.5 Med: 1.86 Max: 27.36
Current: 2.41
During the past 11 years, Frontwalker AB's highest PB Ratio was 27.36. The lowest was 0.50. And the median was 1.86.
NGM:FRWA B's PB Ratio is ranked worse than 50.47% of 2633
companies
in the Software industry
Industry Median: 2.39
vs NGM:FRWA B: 2.41
During the past 12 months, Frontwalker AB's average Book Value Per Share Growth Rate was 229.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -44.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -39.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -14.00% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Frontwalker AB was 53.70% per year. The lowest was -44.20% per year. And the median was -18.60% 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.
Frontwalker AB PB Ratio Related Terms
Frontwalker AB PB Ratio Historical Data
* Premium members only.
The historical data trend for Frontwalker 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 Information Technology Services subindustry, Frontwalker 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.
Frontwalker AB PB Ratio vs Software Industry
For the Software industry and Technology sector, Frontwalker AB's PB Ratio distribution charts can be found below:
* The bar in red indicates where Frontwalker 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.
Frontwalker 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.
Frontwalker AB (NGM:FRWA B) has a PB Ratio of 2.41 as of Jul. 31, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Frontwalker AB and its competitors. This is 30% above median its historical median of 1.86. Over the past decade, Frontwalker AB's PB Ratio has ranged from 0.50 to 27.36. According to the industry distribution chart, Frontwalker AB ranks #1329 out of 2633 companies in the Software industry, placing it in the top 50.5%.
Is Frontwalker AB's PB Ratio too high?
Frontwalker AB's current PB Ratio of 2.41 is 30% above median its 10-year median of 1.86. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 27.36. The Software industry median PB Ratio is 2.39. Frontwalker AB's value of 2.41 is 0.8% above this industry median. Based on the distribution chart, Frontwalker AB ranks #1329 out of 2633 companies in the Software industry, which is below the industry midpoint. Overall, Frontwalker AB has a GF Score™ of 24/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Frontwalker AB's PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Frontwalker AB ranks #1329 out of 2633 companies for PB Ratio. This places Frontwalker AB in the lower half of its industry. The industry median PB Ratio is 2.39. Frontwalker AB's value of 2.41 is 0.8% above this benchmark. Historically, Frontwalker AB's own PB Ratio has ranged from 0.50 to 27.36 over the past decade. While the company's 10-year median is 1.86 vs. the industry median of 2.39, Frontwalker 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 Software company?
The median PB Ratio among Software companies is 2.39, based on 2,633 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. Frontwalker AB's current PB Ratio of 2.41 is 0.8% 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 Frontwalker AB 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. Frontwalker AB's current PB Ratio is 2.41, which is 30% above median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontwalker AB stock overvalued right now?
Based on GuruFocus' analysis, Frontwalker AB (NGM:FRWA B) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.10, compared to a current price of kr0.65 — trading 550% above its estimated fair value. The current PB Ratio is 2.41, which is 30% above median its 10-year median of 1.86 and 0.8% above the Software industry median of 2.39. Frontwalker AB's overall GF Score™ is 24/100 with 7 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 Frontwalker AB (NGM:FRWA B), the current PB Ratio is 2.41 as of Jul. 31, 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 Frontwalker AB (NGM:FRWA B) Overvalued in 2026?
Based on GuruFocus' analysis, Frontwalker AB stock appears to be overvalued.
The current stock price of kr0.65 is trading 550% above its estimated GF Value™ of kr0.10.
GuruFocus considers Frontwalker AB to be Significantly Overvalued.
Key valuation signals for NGM:FRWA B:
PB Ratio: 2.41 (30% above median its 10-year median of 1.86)
GF Value™: kr0.10 vs. price of kr0.65 (550% above fair value)
Industry Position: 0.8% above the Software median (#1329 of 2633)
No single metric tells the full story. See the NGM:FRWA B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frontwalker AB offers commitments regarding developing and managing large customer-specific IT systems and enhancing resources and competence throughout all phases of the system development process.
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