Sphere 3DANY +1.20%58 PB Ratio is 0.52 as of Jun. 26, 2026, which is 28% below its 10-year median of 0.72. GuruFocus rates ANY with a GF Score™ of 58/100 and a GF Value™ of $3.00 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 778 Capital Markets companies, Sphere 3D ranks better than 81.75% 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 (2026-06-26), Sphere 3D's share price is $2.773. Sphere 3D's Book Value per Share for the quarter that ended in Mar. 2026 was $5.31. Hence, Sphere 3D's PB Ratio of today is 0.52.
The historical rank and industry rank for Sphere 3D's PB Ratio or its related term are showing as below:
ANY'
s PB Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.72 Max: 30.95
Current: 0.52
During the past 13 years, Sphere 3D's highest PB Ratio was 30.95. The lowest was 0.11. And the median was 0.72.
ANY's PB Ratio is ranked better than 81.75% of 778
companies
in the Capital Markets industry
Industry Median: 1.29
vs ANY: 0.52
During the past 12 months, Sphere 3D's average Book Value Per Share Growth Rate was -54.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -42.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Sphere 3D was 7937.00% per year. The lowest was -73.40% per year. And the median was 13.40% 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.
Sphere 3D PB Ratio Related Terms
Sphere 3D PB Ratio Historical Data
* Premium members only.
The historical data trend for Sphere 3D'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 Capital Markets subindustry, Sphere 3D'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.
Sphere 3D PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Sphere 3D's PB Ratio distribution charts can be found below:
* The bar in red indicates where Sphere 3D'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.
Sphere 3D'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.
Sphere 3D (ANY) has a PB Ratio of 0.52 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Sphere 3D and its competitors. This is 28% below median its historical median of 0.72. Over the past decade, Sphere 3D's PB Ratio has ranged from 0.11 to 30.95. According to the industry distribution chart, Sphere 3D ranks #142 out of 778 companies in the Capital Markets industry, placing it in the top 18.3%.
Is Sphere 3D's PB Ratio too high?
Sphere 3D's current PB Ratio of 0.52 is 28% below median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 30.95. The Capital Markets industry median PB Ratio is 1.29. Sphere 3D's value of 0.52 is 59.7% below this industry median. Based on the distribution chart, Sphere 3D ranks #142 out of 778 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Sphere 3D has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sphere 3D's PB Ratio compare to NCPL and MEGL?
According to the Capital Markets industry distribution chart, Sphere 3D ranks #142 out of 778 companies for PB Ratio. This places Sphere 3D in the top 18% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.29. Sphere 3D's value of 0.52 is 59.7% below this benchmark. Historically, Sphere 3D's own PB Ratio has ranged from 0.11 to 30.95 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 1.29, Sphere 3D 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 Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.29, based on 778 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. Sphere 3D's current PB Ratio of 0.52 is 59.7% 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 Sphere 3D and its competitors. For the Capital Markets industry, the median PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sphere 3D's current PB Ratio is 0.52, which is 28% below median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sphere 3D stock overvalued right now?
Based on GuruFocus' analysis, Sphere 3D (ANY) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.00, compared to a current price of $2.77 — trading 7.6% below its estimated fair value. The current PB Ratio is 0.52, which is 28% below median its 10-year median of 0.72 and 59.7% below the Capital Markets industry median of 1.29. Sphere 3D's overall GF Score™ is 58/100 with 4 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 Sphere 3D (ANY), the current PB Ratio is 0.52 as of Jun. 26, 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 Sphere 3D (ANY) Overvalued in 2026?
Based on GuruFocus' analysis, Sphere 3D stock appears to be undervalued.
The current stock price of $2.77 is trading 7.6% below its estimated GF Value™ of $3.00.
GuruFocus considers Sphere 3D to be Modestly Undervalued.
Key valuation signals for ANY:
PB Ratio: 0.52 (28% below median its 10-year median of 0.72)
GF Value™: $3.00 vs. price of $2.77 (7.6% below fair value)
Industry Position: 59.7% below the Capital Markets median (#142 of 778)
No single metric tells the full story. See the ANY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sphere 3D Corp is engaged in the Bitcoin mining business. The company has established an enterprise-scale mining operation through the procurement of mining equipment and partnering with experienced service providers. It generates revenue from mining and selling Bitcoin.
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