WULF (TeraWulf) PB Ratio: (As of Jul. 12, 2026)


WULF TeraWulf Inc WULF
38 GF Score
Price $21.96
GF Value $6.11
Valuation Significantly Overvalued
! 5 Warning Signs
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What is TeraWulf 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 (2026-07-12), TeraWulf's share price is $21.96. TeraWulf's Book Value per Share for the quarter that ended in Mar. 2026 was $-0.19. Hence, TeraWulf's PB Ratio of today is .

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

During the past 5 years, TeraWulf's highest PB Ratio was 48.68. The lowest was 0.64. And the median was 3.64.

WULF's PB Ratio is not ranked *
in the Capital Markets industry.
Industry Median: 1.36
* Ranked among companies with meaningful PB Ratio only.

During the past 12 months, TeraWulf's average Book Value Per Share Growth Rate was -144.00% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -23.50% per year.

During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of TeraWulf was -23.50% per year. The lowest was -23.50% per year. And the median was -23.50% per year.

Back to Basics: PB Ratio


TeraWulf  (NAS:WULF) 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.


TeraWulf PB Ratio Related Terms


TeraWulf PB Ratio Historical Data

* Premium members only.

The historical data trend for TeraWulf'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.

TeraWulf PB Ratio Chart

TeraWulf Annual Data
Trend Mar21 Dec22 Dec23 Dec24 Dec25
PB Ratio
0.00 0.89 3.12 9.28 34.40

TeraWulf Quarterly Data
Mar21 Jun21 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 6.50 10.35 19.90 34.40 0.00

WULF vs EVR, FUTU, HUT: PB Ratio Comparison

For the Capital Markets subindustry, TeraWulf'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.


TeraWulf PB Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, TeraWulf's PB Ratio distribution charts can be found below:

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


WULF
38GF Score
TeraWulf Inc WULF
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TeraWulf 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.

TeraWulf's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=21.96/-0.185
=

* 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 TeraWulf (WULF) Overvalued in 2026?

Based on GuruFocus' analysis, TeraWulf stock appears to be overvalued. The current stock price of $21.96 is trading 259.4% above its estimated GF Value™ of $6.11. GuruFocus considers TeraWulf to be Significantly Overvalued.

Key valuation signals for WULF:

  • PB Ratio:
  • GF Value™: $6.11 vs. price of $21.96 (259.4% above fair value)
  • GF Score™: 38/100 with 5 warning signs

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


TeraWulf Business Description

Other Exchanges 1WULF:ItalyZT8:Germany
Address 9 Federal Street, Easton, MD, USA, 21601
TeraWulf Inc develops and operates large-scale digital infrastructure designed for AI and high-performance computing workloads. The Company owns and operates energy infrastructure across key U.S. power markets, providing large-scale, contiguous power capacity for next-generation compute. Its strategic sites offer direct grid connectivity and, in select locations, integrated generation, creating a foundation for scalable compute infrastructure. Built on deep expertise in energy markets and grid integration, TeraWulf approaches compute infrastructure from the foundation up- securing power, developing scalable sites, and operating with disciplined execution.
38GF Score

Get the complete analysis for WULF

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

$21.96
Price
$6.11
GF Value