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 (2026-07-04), Applied Digital's share price is CHF27.30. Applied Digital's Book Value per Share for the quarter that ended in Feb. 2026 was CHF5.61. Hence, Applied Digital's PB Ratio of today is 4.87.
The historical rank and industry rank for Applied Digital's PB Ratio or its related term are showing as below:
XSWX:APLD'
s PB Ratio Range Over the Past 10 Years
Min: 1.31 Med: 4.66 Max: 15.17
Current: 5.97
During the past 13 years, Applied Digital's highest PB Ratio was 15.17. The lowest was 1.31. And the median was 4.66.
XSWX:APLD's PB Ratio is ranked worse than 81.81% of 2622
companies
in the Software industry
Industry Median: 2.39
vs XSWX:APLD: 5.97
During the past 12 months, Applied Digital's average Book Value Per Share Growth Rate was 173.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 44.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Applied Digital was 52.70% per year. The lowest was -54.90% per year. And the median was 9.50% 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.
Applied Digital PB Ratio Related Terms
Applied Digital PB Ratio Historical Data
* Premium members only.
The historical data trend for Applied Digital'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 Information Technology Services subindustry, Applied Digital'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.
Applied Digital PB Ratio vs Software Industry
For the Software industry and Technology sector, Applied Digital's PB Ratio distribution charts can be found below:
* The bar in red indicates where Applied Digital'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.
Applied Digital'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.
Applied Digital (XSWX:APLD) has a PB Ratio of 4.87 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 Applied Digital and its competitors. This is near median its historical median of 4.66. Over the past decade, Applied Digital's PB Ratio has ranged from 1.31 to 15.17. According to the industry distribution chart, Applied Digital ranks #2145 out of 2622 companies in the Software industry, placing it in the top 81.8%.
Is Applied Digital's PB Ratio too high?
Applied Digital's current PB Ratio of 4.87 is near median its 10-year median of 4.66. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 15.17. The Software industry median PB Ratio is 2.39. Applied Digital's value of 4.87 is 103.8% above this industry median. Based on the distribution chart, Applied Digital ranks #2145 out of 2622 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Applied Digital has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Applied Digital's PB Ratio compare to ?
According to the Software industry distribution chart, Applied Digital ranks #2145 out of 2622 companies for PB Ratio. This places Applied Digital in the lower half of its industry. The industry median PB Ratio is 2.39. Applied Digital's value of 4.87 is 103.8% above this benchmark. Historically, Applied Digital's own PB Ratio has ranged from 1.31 to 15.17 over the past decade. While the company's 10-year median is 4.66 vs. the industry median of 2.39, Applied Digital 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 a Software company?
The median PB Ratio among Software companies is 2.39, based on 2,622 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. Applied Digital's current PB Ratio of 4.87 is 103.8% 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 Applied Digital 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. Applied Digital's current PB Ratio is 4.87, which is near median its own 10-year median of 4.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Digital stock overvalued right now?
Applied Digital (XSWX:APLD) has a current PB Ratio of 4.87. The stock's GF Value™ is CHF11.40, compared to a current price of CHF27.30 — trading 139.5% above its estimated fair value. The current PB Ratio is 4.87, which is near median its 10-year median of 4.66 and 103.8% above the Software industry median of 2.39. Applied Digital's overall GF Score™ is 38/100 with 7 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 Applied Digital (XSWX:APLD), the current PB Ratio is 4.87 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 Applied Digital (XSWX:APLD) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Digital stock appears to be overvalued.
The current stock price of CHF27.30 is trading 139.5% above its estimated GF Value™ of CHF11.40.
Key valuation signals for XSWX:APLD:
PB Ratio: 4.87 (near median its 10-year median of 4.66)
GF Value™: CHF11.40 vs. price of CHF27.30 (139.5% above fair value)
Industry Position: 103.8% above the Software median (#2145 of 2622)
No single metric tells the full story. See the XSWX:APLD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied Digital Corp is a designer, developer, and operator of next-generation digital infrastructure across North America. It provides digital infrastructure solutions and cloud services to industries like High-Performance Computing (HPC) and Artificial Intelligence (AI). The company operates in the following business segments: Data Center Hosting Business and HPC Hosting Business. The majority of its revenue is generated from the Data Center Hosting Business, which operates data centers to provide energized space to crypto mining customers.
38GF Score
Get the complete analysis for XSWX:APLD
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
XSWX:APLD has been successfully added to your 
