Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
WellnetSSE:2428 57 PB Ratio is 1.69 as of Jul. 30, 2026, which is 6% above its 10-year median of 1.59. GuruFocus rates SSE:2428 with a GF Score™ of 57/100 and a GF Value™ of 円704.75. The stock has 3 warning signs investors should review. Among 2,633 Software companies, Wellnet ranks better than 72.65% 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 (2026-07-30), Wellnet's share price is 円802.00. Wellnet's Book Value per Share for the quarter that ended in Dec. 2025 was 円475.11. Hence, Wellnet's PB Ratio of today is 1.69.
Good Sign:
Wellnet Corp stock PB Ratio (=1.34) is close to 3-year low of 1.26.
The historical rank and industry rank for Wellnet's PB Ratio or its related term are showing as below:
SSE:2428'
s PB Ratio Range Over the Past 10 Years
Min: 0.99 Med: 1.59 Max: 3.97
Current: 1.34
During the past 13 years, Wellnet's highest PB Ratio was 3.97. The lowest was 0.99. And the median was 1.59.
SSE:2428's PB Ratio is ranked better than 72.65% of 2633
companies
in the Software industry
Industry Median: 2.39
vs SSE:2428: 1.34
During the past 12 months, Wellnet's average Book Value Per Share Growth Rate was 6.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Wellnet was 49.40% per year. The lowest was -7.10% per year. And the median was 4.25% 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.
Wellnet PB Ratio Related Terms
Wellnet PB Ratio Historical Data
* Premium members only.
The historical data trend for Wellnet'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 Software - Infrastructure subindustry, Wellnet'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.
Wellnet PB Ratio vs Software Industry
For the Software industry and Technology sector, Wellnet's PB Ratio distribution charts can be found below:
* The bar in red indicates where Wellnet'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.
Wellnet'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.
Wellnet (SSE:2428) has a PB Ratio of 1.69 as of Jul. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Wellnet and its competitors. This is near median its historical median of 1.59. Over the past decade, Wellnet's PB Ratio has ranged from 0.99 to 3.97. According to the industry distribution chart, Wellnet ranks #720 out of 2633 companies in the Software industry, placing it in the top 27.3%.
Is Wellnet's PB Ratio too high?
Wellnet's current PB Ratio of 1.69 is near median its 10-year median of 1.59. Over the past 10 years, this metric has ranged from a low of 0.99 to a high of 3.97. The Software industry median PB Ratio is 2.39. Wellnet's value of 1.69 is 29.3% below this industry median. Based on the distribution chart, Wellnet ranks #720 out of 2633 companies in the Software industry, which is above the industry midpoint. Overall, Wellnet has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Wellnet's PB Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, Wellnet ranks #720 out of 2633 companies for PB Ratio. This puts Wellnet in the upper half of its industry. The industry median PB Ratio is 2.39. Wellnet's value of 1.69 is 29.3% below this benchmark. Historically, Wellnet's own PB Ratio has ranged from 0.99 to 3.97 over the past decade. While the company's 10-year median is 1.59 vs. the industry median of 2.39, Wellnet 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 2.39, 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. Wellnet's current PB Ratio of 1.69 is 29.3% 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 Wellnet 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. Wellnet's current PB Ratio is 1.69, which is near median its own 10-year median of 1.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wellnet stock overvalued right now?
Wellnet (SSE:2428) has a current PB Ratio of 1.69. The stock's GF Value™ is 円704.75, compared to a current price of 円802.00 — trading 13.8% above its estimated fair value. The current PB Ratio is 1.69, which is near median its 10-year median of 1.59 and 29.3% below the Software industry median of 2.39. Wellnet's overall GF Score™ is 57/100 with 3 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 Wellnet (SSE:2428), the current PB Ratio is 1.69 as of Jul. 30, 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 Wellnet (SSE:2428) Overvalued in 2026?
Based on GuruFocus' analysis, Wellnet stock appears to be overvalued.
The current stock price of 円802.00 is trading 13.8% above its estimated GF Value™ of 円704.75.
Key valuation signals for SSE:2428:
PB Ratio: 1.69 (near median its 10-year median of 1.59)
GF Value™: 円704.75 vs. price of 円802.00 (13.8% above fair value)
Industry Position: 29.3% below the Software median (#720 of 2633)
No single metric tells the full story. See the SSE:2428 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wellnet Corp provides payment services that connect real-time payment of cash by connecting store terminals of convenience stores with the company and business operators. Its service offerings include payment secretary, multipayment service, bus IT solution, convenience store cash receiving service, remittance service, invoice issuance agency service, electronic ticket electronic authentication service, and various other application services.
57GF Score
Get the complete analysis for SSE:2428
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SSE:2428 has been successfully added to your 
