BTC Studios (WAR:BTC) PB Ratio: 32.50 (As of Sep. 04, 2026) — 2381% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
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Charlie Tian
Founder & CEO of GuruFocus
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.

WAR:BTC BTC Studios SA WAR:BTC
10 GF Score
Price zł0.13
GF Value zł0.05
Valuation Significantly Overvalued
! 5 Warning Signs
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What is BTC Studios PB Ratio?

BTC Studios WAR:BTC 10 PB Ratio is 32.50 as of Sep. 04, 2026, which is 2381% above its 10-year median of 1.31. GuruFocus rates WAR:BTC with a GF Score™ of 10/100 and a GF Value™ of zł0.05 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 509 Interactive Media companies, BTC Studios ranks worse than 196463.46% 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 (2026-09-04), BTC Studios's share price is zł0.13. BTC Studios's Book Value per Share for the quarter that ended in Jun. 2026 was zł0.00. Hence, BTC Studios's PB Ratio of today is 32.50.

The historical rank and industry rank for BTC Studios's PB Ratio or its related term are showing as below:

During the past 13 years, BTC Studios's highest PB Ratio was 12.43. The lowest was 0.20. And the median was 1.31.

WAR:BTC's PB Ratio is not ranked *
in the Interactive Media industry.
Industry Median: 1.81
* Ranked among companies with meaningful PB Ratio only.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of BTC Studios was 93.90% per year. The lowest was -26.30% per year. And the median was 6.40% per year.

Back to Basics: PB Ratio


BTC Studios  (WAR:BTC) 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.


BTC Studios PB Ratio Related Terms


BTC Studios PB Ratio Historical Data

* Premium members only.

The historical data trend for BTC Studios'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.

BTC Studios PB Ratio Chart

BTC Studios 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 2.78 0.72 0.00 0.00 0.00

BTC Studios Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Jun26
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 0.00 0.00 0.00 0.00 30.00

WAR:BTC vs NTES, TTWO, RBLX: PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, BTC Studios'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.


BTC Studios PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, BTC Studios's PB Ratio distribution charts can be found below:

* The bar in red indicates where BTC Studios's PB Ratio falls into.


WAR:BTC
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BTC Studios SA WAR:BTC
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BTC Studios 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.

BTC Studios's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jun. 2026)
=0.13/0.004
=32.50

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 32.50 mean?
BTC Studios (WAR:BTC) has a PB Ratio of 32.50 as of Sep. 04, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on BTC Studios and its competitors. This is 2381% above median its historical median of 1.31. Over the past decade, BTC Studios' PB Ratio has ranged from 0.20 to 12.43. According to the industry distribution chart, BTC Studios ranks #999999 out of 509 companies in the Interactive Media industry.
Is BTC Studios' PB Ratio too high?
BTC Studios' current PB Ratio of 32.50 is 2381% above median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 12.43. The Interactive Media industry median PB Ratio is 1.81. BTC Studios' value of 32.50 is 1695.6% above this industry median. Based on the distribution chart, BTC Studios ranks #999999 out of 509 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, BTC Studios has a GF Score™ of 10/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BTC Studios' PB Ratio compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, BTC Studios ranks #999999 out of 509 companies for PB Ratio. This places BTC Studios in the lower half of its industry. The industry median PB Ratio is 1.81. BTC Studios' value of 32.50 is 1695.6% above this benchmark. Historically, BTC Studios' own PB Ratio has ranged from 0.20 to 12.43 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 1.81, BTC Studios 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 an Interactive Media company?
The median PB Ratio among Interactive Media companies is 1.81, based on 509 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. BTC Studios's current PB Ratio of 32.50 is 1695.6% 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 BTC Studios and its competitors. For the Interactive Media industry, the median PB Ratio is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BTC Studios's current PB Ratio is 32.50, which is 2381% above median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BTC Studios stock overvalued right now?
Based on GuruFocus' analysis, BTC Studios (WAR:BTC) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.05, compared to a current price of zł0.13 — trading 160% above its estimated fair value. The current PB Ratio is 32.50, which is 2381% above median its 10-year median of 1.31 and 1695.6% above the Interactive Media industry median of 1.81. BTC Studios' overall GF Score™ is 10/100 with 5 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 BTC Studios (WAR:BTC), the current PB Ratio is 32.50 as of Sep. 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 BTC Studios (WAR:BTC) Overvalued in 2026?

Based on GuruFocus' analysis, BTC Studios stock appears to be overvalued. The current stock price of zł0.13 is trading 160% above its estimated GF Value™ of zł0.05. GuruFocus considers BTC Studios to be Significantly Overvalued.

Key valuation signals for WAR:BTC:

  • PB Ratio: 32.50 (2381% above median its 10-year median of 1.31)
  • GF Value™: zł0.05 vs. price of zł0.13 (160% above fair value)
  • GF Score™: 10/100 with 5 warning signs
  • Industry Position: 1695.6% above the Interactive Media median (#999999 of 509)

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


BTC Studios Business Description

Address ul. Emilii Plater 28, Warszawa, POL, 00-688
BTC Studios SA is a game development company. Its portfolio of games include Taffy: Feed the Kitty; Sadie Sparks Magic Match; and Pirates Next Door: The Mad Chase.
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PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł0.13
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GF Value