CodeLab Capital ASOSL:CODE +10.50%48 PB Ratio is 2.02 as of Jul. 02, 2026, which is 135% above its 10-year median of 0.86. GuruFocus rates OSL:CODE with a GF Score™ of 48/100 and a GF Value™ of kr2.28 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 609 Healthcare Providers & Services companies, CodeLab Capital AS ranks worse than 50.57% on this metric.
CodeLab Capital AS stock PB Ratio (=2.1) is close to 5-year high of 2.1.
The historical rank and industry rank for CodeLab Capital AS's PB Ratio or its related term are showing as below:
OSL:CODE'
s PB Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.86 Max: 3.69
Current: 2.01
During the past 8 years, CodeLab Capital AS's highest PB Ratio was 3.69. The lowest was 0.08. And the median was 0.86.
OSL:CODE's PB Ratio is ranked worse than 50.57% of 609
companies
in the Healthcare Providers & Services industry
Industry Median: 1.96
vs OSL:CODE: 2.01
During the past 12 months, CodeLab Capital AS's average Book Value Per Share Growth Rate was -24.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -76.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -65.90% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of CodeLab Capital AS was -45.90% per year. The lowest was -76.40% per year. And the median was -76.00% per year.
Back to Basics: PB Ratio
CodeLab Capital AS (OSL:CODE) 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.
CodeLab Capital AS PB Ratio Related Terms
CodeLab Capital AS PB Ratio Historical Data
* Premium members only.
The historical data trend for CodeLab Capital AS'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 Health Information Services subindustry, CodeLab Capital AS'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.
CodeLab Capital AS PB Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, CodeLab Capital AS's PB Ratio distribution charts can be found below:
* The bar in red indicates where CodeLab Capital AS'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.
CodeLab Capital AS (OSL:CODE) has a PB Ratio of 2.02 as of Jul. 02, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on CodeLab Capital AS and its competitors. This is 135% above median its historical median of 0.86. Over the past decade, CodeLab Capital AS's PB Ratio has ranged from 0.08 to 3.69. According to the industry distribution chart, CodeLab Capital AS ranks #308 out of 609 companies in the Healthcare Providers & Services industry, placing it in the top 50.6%.
Is CodeLab Capital AS's PB Ratio too high?
CodeLab Capital AS's current PB Ratio of 2.02 is 135% above median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 3.69. The Healthcare Providers & Services industry median PB Ratio is 1.96. CodeLab Capital AS's value of 2.02 is 3.1% above this industry median. Based on the distribution chart, CodeLab Capital AS ranks #308 out of 609 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, CodeLab Capital AS has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CodeLab Capital AS's PB Ratio compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, CodeLab Capital AS ranks #308 out of 609 companies for PB Ratio. This places CodeLab Capital AS in the lower half of its industry. The industry median PB Ratio is 1.96. CodeLab Capital AS's value of 2.02 is 3.1% above this benchmark. Historically, CodeLab Capital AS's own PB Ratio has ranged from 0.08 to 3.69 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 1.96, CodeLab Capital AS 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 Healthcare Providers & Services company?
The median PB Ratio among Healthcare Providers & Services companies is 1.96, based on 609 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. CodeLab Capital AS's current PB Ratio of 2.02 is 3.1% 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 CodeLab Capital AS and its competitors. For the Healthcare Providers & Services industry, the median PB Ratio is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CodeLab Capital AS's current PB Ratio is 2.02, which is 135% above median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CodeLab Capital AS stock overvalued right now?
Based on GuruFocus' analysis, CodeLab Capital AS (OSL:CODE) is currently considered Significantly Overvalued. The stock's GF Value™ is kr2.28, compared to a current price of kr4.00 — trading 75.4% above its estimated fair value. The current PB Ratio is 2.02, which is 135% above median its 10-year median of 0.86 and 3.1% above the Healthcare Providers & Services industry median of 1.96. CodeLab Capital AS's overall GF Score™ is 48/100 with 6 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 CodeLab Capital AS (OSL:CODE), the current PB Ratio is 2.02 as of Jul. 02, 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 CodeLab Capital AS (OSL:CODE) Overvalued in 2026?
Based on GuruFocus' analysis, CodeLab Capital AS stock appears to be overvalued.
The current stock price of kr4.00 is trading 75.4% above its estimated GF Value™ of kr2.28.
GuruFocus considers CodeLab Capital AS to be Significantly Overvalued.
Key valuation signals for OSL:CODE:
PB Ratio: 2.02 (135% above median its 10-year median of 0.86)
GF Value™: kr2.28 vs. price of kr4.00 (75.4% above fair value)
Industry Position: 3.1% above the Healthcare Providers & Services median (#308 of 609)
No single metric tells the full story. See the OSL:CODE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CodeLab Capital AS builds and invests in next-generation technology. Its primary objective is to invest in other companies and contribute with capital, network, and operations. CodeLab Capital AS is a holding company that, through its subsidiary, is engaged in making software development tools for the broader B2B market.
48GF Score
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