Liberty Defense Holdings (TSXV:SCAN) PB Ratio: (As of Jul. 16, 2026)

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TSXV:SCAN Liberty Defense Holdings Ltd TSXV:SCAN
29 GF Score
Price C$4.70
GF Value C$7.45
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Liberty Defense Holdings PB Ratio?

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), Liberty Defense Holdings's share price is C$4.70. Liberty Defense Holdings's Book Value per Share for the quarter that ended in Mar. 2026 was C$-3.11. Hence, Liberty Defense Holdings's PB Ratio of today is .

The historical rank and industry rank for Liberty Defense Holdings's PB Ratio or its related term are showing as below:

During the past 13 years, Liberty Defense Holdings's highest PB Ratio was 29.84. The lowest was 5.90. And the median was 15.00.

TSXV:SCAN's PB Ratio is not ranked *
in the Business Services industry.
Industry Median: 1.66
* Ranked among companies with meaningful PB Ratio only.

During the past 12 months, Liberty Defense Holdings's average Book Value Per Share Growth Rate was -274.50% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Liberty Defense Holdings was 51.70% per year. The lowest was -65.70% per year. And the median was 12.20% per year.

Back to Basics: PB Ratio


Liberty Defense Holdings  (TSXV:SCAN) 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.


Liberty Defense Holdings PB Ratio Related Terms


Liberty Defense Holdings PB Ratio Historical Data

* Premium members only.

The historical data trend for Liberty Defense Holdings'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.

Liberty Defense Holdings PB Ratio Chart

Liberty Defense Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.99 4.63 0.00 0.00 0.00

Liberty Defense Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 26.25 0.00 0.00 0.00 0.00

TSXV:SCAN vs ALLE, MSA, ADT: PB Ratio Comparison

For the Security & Protection Services subindustry, Liberty Defense Holdings'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.


Liberty Defense Holdings PB Ratio vs Business Services Industry

For the Business Services industry and Industrials sector, Liberty Defense Holdings's PB Ratio distribution charts can be found below:

* The bar in red indicates where Liberty Defense Holdings's PB Ratio falls into.


TSXV:SCAN
29GF Score
Liberty Defense Holdings Ltd TSXV:SCAN
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Liberty Defense Holdings 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.

Liberty Defense Holdings's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=4.70/-3.112
=

* 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.

Is Liberty Defense Holdings (TSXV:SCAN) Overvalued in 2026?

Based on GuruFocus' analysis, Liberty Defense Holdings stock appears to be undervalued. The current stock price of C$4.70 is trading 36.9% below its estimated GF Value™ of C$7.45. GuruFocus considers Liberty Defense Holdings to be Possible Value Trap.

Key valuation signals for TSXV:SCAN:

  • PB Ratio:
  • GF Value™: C$7.45 vs. price of C$4.70 (36.9% below fair value)
  • GF Score™: 29/100 with 6 warning signs

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


Liberty Defense Holdings Business Description

Other Exchanges DETX:USA4XS:Germany
Address 187 Ballardvale Street, Suite 110, Wilmington, MA, USA, 01887
Liberty Defense Holdings Ltd is engaged in the development and commercialization of security detection technologies such as airports, stadiums, schools, and more. The company's Hexwave product utilizes millimeter wave technology and Advanced 3D imaging to detect concealed threats. In addition to HEXWAVE, the company has licensed High-Definition Advanced Imaging Technology (HD-AIT) for body and shoe scanning. The Company operates through three distinct segments: Corporate, HEXWAVE, and Contract. The company generates the majority of its revenue from the Contract segment. Geographically, the company generates the majority of its revenue from the United States.
29GF Score

Get the complete analysis for TSXV:SCAN

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

C$4.70
Price
C$7.45
GF Value