Netwealth GroupASX:NWL -0.10%87 PB Ratio is 33.26 as of Jun. 24, 2026, which is 0% above its 10-year median of 33.22. GuruFocus rates ASX:NWL with a GF Score™ of 87/100 and a GF Value™ of A$35.09 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,624 Software companies, Netwealth Group ranks worse than 97.75% 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 (2026-06-24), Netwealth Group's share price is A$20.29. Netwealth Group's Book Value per Share for the quarter that ended in Dec. 2025 was A$0.61. Hence, Netwealth Group's PB Ratio of today is 33.26.
The historical rank and industry rank for Netwealth Group's PB Ratio or its related term are showing as below:
ASX:NWL'
s PB Ratio Range Over the Past 10 Years
Min: 23.24 Med: 33.22 Max: 56.38
Current: 33.27
During the past 8 years, Netwealth Group's highest PB Ratio was 56.38. The lowest was 23.24. And the median was 33.22.
ASX:NWL's PB Ratio is ranked worse than 97.75% of 2624
companies
in the Software industry
Industry Median: 2.37
vs ASX:NWL: 33.27
During the past 12 months, Netwealth Group's average Book Value Per Share Growth Rate was -16.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 23.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 19.20% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Netwealth Group was 23.80% per year. The lowest was 10.40% per year. And the median was 16.40% 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.
Netwealth Group PB Ratio Related Terms
Netwealth Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Netwealth Group'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 Software - Application subindustry, Netwealth Group'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.
Netwealth Group PB Ratio vs Software Industry
For the Software industry and Technology sector, Netwealth Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Netwealth Group'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.
Netwealth Group'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.
Netwealth Group (ASX:NWL) has a PB Ratio of 33.26 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 Netwealth Group and its competitors. This is near median its historical median of 33.22. Over the past decade, Netwealth Group's PB Ratio has ranged from 23.24 to 56.38. According to the industry distribution chart, Netwealth Group ranks #2565 out of 2624 companies in the Software industry, placing it in the top 97.8%.
Is Netwealth Group's PB Ratio too high?
Netwealth Group's current PB Ratio of 33.26 is near median its 10-year median of 33.22. Over the past 10 years, this metric has ranged from a low of 23.24 to a high of 56.38. The Software industry median PB Ratio is 2.37. Netwealth Group's value of 33.26 is 1303.4% above this industry median. Based on the distribution chart, Netwealth Group ranks #2565 out of 2624 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Netwealth Group has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netwealth Group's PB Ratio compare to CRM and SHOP?
According to the Software industry distribution chart, Netwealth Group ranks #2565 out of 2624 companies for PB Ratio. This places Netwealth Group in the lower half of its industry. The industry median PB Ratio is 2.37. Netwealth Group's value of 33.26 is 1303.4% above this benchmark. Historically, Netwealth Group's own PB Ratio has ranged from 23.24 to 56.38 over the past decade. While the company's 10-year median is 33.22 vs. the industry median of 2.37, Netwealth Group 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 2.37, based on 2,624 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. Netwealth Group's current PB Ratio of 33.26 is 1303.4% 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 Netwealth Group and its competitors. For the Software industry, the median PB Ratio is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netwealth Group's current PB Ratio is 33.26, which is near median its own 10-year median of 33.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netwealth Group stock overvalued right now?
Based on GuruFocus' analysis, Netwealth Group (ASX:NWL) is currently considered Significantly Undervalued. The stock's GF Value™ is A$35.09, compared to a current price of A$20.29 — trading 42.2% below its estimated fair value. The current PB Ratio is 33.26, which is near median its 10-year median of 33.22 and 1303.4% above the Software industry median of 2.37. Netwealth Group's overall GF Score™ is 87/100 with 2 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 Netwealth Group (ASX:NWL), the current PB Ratio is 33.26 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 Netwealth Group (ASX:NWL) Overvalued in 2026?
Based on GuruFocus' analysis, Netwealth Group stock appears to be undervalued.
The current stock price of A$20.29 is trading 42.2% below its estimated GF Value™ of A$35.09.
GuruFocus considers Netwealth Group to be Significantly Undervalued.
Key valuation signals for ASX:NWL:
PB Ratio: 33.26 (near median its 10-year median of 33.22)
GF Value™: A$35.09 vs. price of A$20.29 (42.2% below fair value)
Industry Position: 1303.4% above the Software median (#2565 of 2624)
No single metric tells the full story. See the ASX:NWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netwealth provides cloud-based investment administration software as a service in Australia via its proprietary platform. Netwealth's platform provides portfolio administration, investment management tools, and investment and managed account services to financial intermediaries and directly to clients. The company charges SaaS fees based on funds under administration and management on its platform. Netwealth also offers Netwealth-branded investment products on its platform, which are managed by third-party investment managers.
87GF Score
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