Runway Growth FinanceRWAY -1.88%58 PB Ratio is 0.45 as of Jul. 04, 2026, which is 47% below its 10-year median of 0.85. GuruFocus rates RWAY with a GF Score™ of 58/100 and a GF Value™ of $9.50 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,600 Asset Management companies, Runway Growth Finance ranks better than 92.06% on this metric.
Runway Growth Finance Corp stock PB Ratio (=0.45) is close to 5-year low of 0.44.
The historical rank and industry rank for Runway Growth Finance's PB Ratio or its related term are showing as below:
RWAY'
s PB Ratio Range Over the Past 10 Years
Min: 0.44 Med: 0.85 Max: 1.11
Current: 0.45
During the past 8 years, Runway Growth Finance's highest PB Ratio was 1.11. The lowest was 0.44. And the median was 0.85.
RWAY's PB Ratio is ranked better than 92.06% of 1600
companies
in the Asset Management industry
Industry Median: 0.96
vs RWAY: 0.45
During the past 12 months, Runway Growth Finance's average Book Value Per Share Growth Rate was -10.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -1.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.90% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Runway Growth Finance was 16.10% per year. The lowest was -2.00% per year. And the median was 2.15% per year.
Back to Basics: PB Ratio
Runway Growth Finance (NAS:RWAY) 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.
* 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 Asset Management subindustry, Runway Growth Finance'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.
Runway Growth Finance PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Runway Growth Finance's PB Ratio distribution charts can be found below:
* The bar in red indicates where Runway Growth Finance'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.
Runway Growth Finance (RWAY) has a PB Ratio of 0.45 as of Jul. 04, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Runway Growth Finance and its competitors. This is 47% below median its historical median of 0.85. Over the past decade, Runway Growth Finance's PB Ratio has ranged from 0.44 to 1.11. According to the industry distribution chart, Runway Growth Finance ranks #127 out of 1600 companies in the Asset Management industry, placing it in the top 7.9%.
Is Runway Growth Finance's PB Ratio too high?
Runway Growth Finance's current PB Ratio of 0.45 is 47% below median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 1.11. The Asset Management industry median PB Ratio is 0.96. Runway Growth Finance's value of 0.45 is 53.1% below this industry median. Based on the distribution chart, Runway Growth Finance ranks #127 out of 1600 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Runway Growth Finance has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Runway Growth Finance's PB Ratio compare to NPV and SRV?
According to the Asset Management industry distribution chart, Runway Growth Finance ranks #127 out of 1600 companies for PB Ratio. This places Runway Growth Finance in the top 8% of its industry — outperforming the majority of peers. The industry median PB Ratio is 0.96. Runway Growth Finance's value of 0.45 is 53.1% below this benchmark. Historically, Runway Growth Finance's own PB Ratio has ranged from 0.44 to 1.11 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 0.96, Runway Growth Finance 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 an Asset Management company?
The median PB Ratio among Asset Management companies is 0.96, based on 1,600 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. Runway Growth Finance's current PB Ratio of 0.45 is 53.1% 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 Runway Growth Finance and its competitors. For the Asset Management industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Runway Growth Finance's current PB Ratio is 0.45, which is 47% below median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Runway Growth Finance stock overvalued right now?
Based on GuruFocus' analysis, Runway Growth Finance (RWAY) is currently considered Possible Value Trap. The stock's GF Value™ is $9.50, compared to a current price of $5.48 — trading 42.3% below its estimated fair value. The current PB Ratio is 0.45, which is 47% below median its 10-year median of 0.85 and 53.1% below the Asset Management industry median of 0.96. Runway Growth Finance's overall GF Score™ is 58/100 with 4 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 Runway Growth Finance (RWAY), the current PB Ratio is 0.45 as of Jul. 04, 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 Runway Growth Finance (RWAY) Overvalued in 2026?
Based on GuruFocus' analysis, Runway Growth Finance stock appears to be undervalued.
The current stock price of $5.48 is trading 42.3% below its estimated GF Value™ of $9.50.
GuruFocus considers Runway Growth Finance to be Possible Value Trap.
Key valuation signals for RWAY:
PB Ratio: 0.45 (47% below median its 10-year median of 0.85)
GF Value™: $9.50 vs. price of $5.48 (42.3% below fair value)
Industry Position: 53.1% below the Asset Management median (#127 of 1600)
No single metric tells the full story. See the RWAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Runway Growth Finance Corp is a specialty finance company focused on providing senior secured loans to high-growth-potential companies in technology, life sciences, healthcare information and services, business services, select consumer services and products, and other high-growth industries. The company has Investments in the United States, Germany, and UK, Canada, Netherlands, with the majority of its portfolio invested in the United States. The company's investment objective is to maximize its total return to its stockholders through current income on its loan portfolio, and secondarily through capital gain on its warrants and other equity positions.
58GF Score
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