Aspen AerogelsASPN -2.88%66 PB Ratio is 2.22 as of Jun. 24, 2026, which is 19% above its 10-year median of 1.87. GuruFocus rates ASPN with a GF Score™ of 66/100 and a GF Value™ of $5.13 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,722 Construction companies, Aspen Aerogels ranks worse than 68.99% 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 (2026-06-24), Aspen Aerogels's share price is $5.73. Aspen Aerogels's Book Value per Share for the quarter that ended in Mar. 2026 was $2.58. Hence, Aspen Aerogels's PB Ratio of today is 2.22.
Warning Sign:
Aspen Aerogels Inc stock PB Ratio (=2.29) is close to 1-year high of 2.48.
The historical rank and industry rank for Aspen Aerogels's PB Ratio or its related term are showing as below:
ASPN'
s PB Ratio Range Over the Past 10 Years
Min: 0.56 Med: 1.87 Max: 14.43
Current: 2.22
During the past 13 years, Aspen Aerogels's highest PB Ratio was 14.43. The lowest was 0.56. And the median was 1.87.
ASPN's PB Ratio is ranked worse than 68.99% of 1722
companies
in the Construction industry
Industry Median: 1.31
vs ASPN: 2.22
During the past 12 months, Aspen Aerogels's average Book Value Per Share Growth Rate was -32.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -23.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 8.20% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 1.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Aspen Aerogels was 38.10% per year. The lowest was -23.60% per year. And the median was -4.80% 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.
Aspen Aerogels PB Ratio Related Terms
Aspen Aerogels PB Ratio Historical Data
* Premium members only.
The historical data trend for Aspen Aerogels'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 Building Products & Equipment subindustry, Aspen Aerogels'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.
Aspen Aerogels PB Ratio vs Construction Industry
For the Construction industry and Industrials sector, Aspen Aerogels's PB Ratio distribution charts can be found below:
* The bar in red indicates where Aspen Aerogels'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.
Aspen Aerogels'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.
Aspen Aerogels (ASPN) has a PB Ratio of 2.22 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Aspen Aerogels and its competitors. This is 19% above median its historical median of 1.87. Over the past decade, Aspen Aerogels' PB Ratio has ranged from 0.56 to 14.43. According to the industry distribution chart, Aspen Aerogels ranks #1188 out of 1722 companies in the Construction industry, placing it in the top 69%.
Is Aspen Aerogels' PB Ratio too high?
Aspen Aerogels' current PB Ratio of 2.22 is 19% above median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 14.43. The Construction industry median PB Ratio is 1.31. Aspen Aerogels' value of 2.22 is 69.5% above this industry median. Based on the distribution chart, Aspen Aerogels ranks #1188 out of 1722 companies in the Construction industry, which is below the industry midpoint. Overall, Aspen Aerogels has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aspen Aerogels' PB Ratio compare to SWIM and JLHL?
According to the Construction industry distribution chart, Aspen Aerogels ranks #1188 out of 1722 companies for PB Ratio. This places Aspen Aerogels in the lower half of its industry. The industry median PB Ratio is 1.31. Aspen Aerogels' value of 2.22 is 69.5% above this benchmark. Historically, Aspen Aerogels' own PB Ratio has ranged from 0.56 to 14.43 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 1.31, Aspen Aerogels 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 Construction company?
The median PB Ratio among Construction companies is 1.31, based on 1,722 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. Aspen Aerogels's current PB Ratio of 2.22 is 69.5% 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 Aspen Aerogels and its competitors. For the Construction industry, the median PB Ratio is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspen Aerogels's current PB Ratio is 2.22, which is 19% above median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspen Aerogels stock overvalued right now?
Based on GuruFocus' analysis, Aspen Aerogels (ASPN) is currently considered Modestly Overvalued. The stock's GF Value™ is $5.13, compared to a current price of $5.73 — trading 11.7% above its estimated fair value. The current PB Ratio is 2.22, which is 19% above median its 10-year median of 1.87 and 69.5% above the Construction industry median of 1.31. Aspen Aerogels' overall GF Score™ is 66/100 with 6 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 Aspen Aerogels (ASPN), the current PB Ratio is 2.22 as of Jun. 24, 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 Aspen Aerogels (ASPN) Overvalued in 2026?
Based on GuruFocus' analysis, Aspen Aerogels stock appears to be overvalued.
The current stock price of $5.73 is trading 11.7% above its estimated GF Value™ of $5.13.
GuruFocus considers Aspen Aerogels to be Modestly Overvalued.
Key valuation signals for ASPN:
PB Ratio: 2.22 (19% above median its 10-year median of 1.87)
GF Value™: $5.13 vs. price of $5.73 (11.7% above fair value)
Industry Position: 69.5% above the Construction median (#1188 of 1722)
No single metric tells the full story. See the ASPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aspen Aerogels Inc is an aerogel technology company that designs, develops, and manufactures high-performance aerogel insulation used in the energy industrial and sustainable insulation markets. The company also conducts research and development related to aerogel technology, supported by funding from several agencies of the United States of America government and other institutions in the form of research and development contracts. It is engaged in two operating segment Energy Industrial and Thermal Barrier. Geographically, it operates in the U.S. and also has a presence in other International countries. It generates the majority of its revenue from the Thermal Barrier segment and the United States market. Some of its products include Pyrogel XTE, Cryogel Z, Spaceloft Subsea, and others.
66GF Score
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