Stepchange Holdings (ASX:STH) PB Ratio: 0.93 (As of Jun. 28, 2026)


ASX:STH Stepchange Holdings Ltd ASX:STH
24 GF Score
Price A$0.13
! 1 Warning Sign
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What is Stepchange Holdings PB Ratio?

Stepchange Holdings ASX:STH -1.92% 24 PB Ratio is 0.93 as of Jun. 28, 2026. GuruFocus rates ASX:STH with a GF Score™ of 24/100. The stock has 1 warning sign investors should review. Among 2,623 Software companies, Stepchange Holdings ranks better than 84.1% 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 (2026-06-28), Stepchange Holdings's share price is A$0.1275. Stepchange Holdings's Book Value per Share for the quarter that ended in Dec. 2025 was A$0.14. Hence, Stepchange Holdings's PB Ratio of today is 0.93.

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

ASX:STH' s PB Ratio Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.93
Current: 0.93

During the past 2 years, Stepchange Holdings's highest PB Ratio was 0.93. The lowest was 0.00. And the median was 0.00.

ASX:STH's PB Ratio is ranked better than
84.1% of 2623 companies
in the Software industry
Industry Median: 2.33 vs ASX:STH: 0.93

During the past 12 months, Stepchange Holdings's average Book Value Per Share Growth Rate was 1612.50% per year.

Back to Basics: PB Ratio


Stepchange Holdings  (ASX:STH) 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.


Stepchange Holdings PB Ratio Related Terms


Stepchange Holdings PB Ratio Historical Data

* Premium members only.

The historical data trend for Stepchange Holdings'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.

Stepchange Holdings PB Ratio Chart

Stepchange Holdings Annual Data
Trend Jun22 Jun23
PB Ratio
0.00 0.00

Stepchange Holdings Semi-Annual Data
Jun22 Jun23 Dec23 Jun24 Dec24 Dec25
PB Ratio Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 1.02

ASX:STH vs CRM, SHOP, UBER: PB Ratio Comparison

For the Software - Application subindustry, Stepchange Holdings'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.


Stepchange Holdings PB Ratio vs Software Industry

For the Software industry and Technology sector, Stepchange Holdings's PB Ratio distribution charts can be found below:

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


ASX:STH
24GF Score
Stepchange Holdings Ltd ASX:STH
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Stepchange Holdings 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.

Stepchange Holdings's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=0.1275/0.137
=0.93

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 0.93 mean?
Stepchange Holdings (ASX:STH) has a PB Ratio of 0.93 as of Jun. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Stepchange Holdings and its competitors. According to the industry distribution chart, Stepchange Holdings ranks #417 out of 2623 companies in the Software industry, placing it in the top 15.9%.
Is Stepchange Holdings' PB Ratio too high?
Stepchange Holdings' current PB Ratio is 0.93. The Software industry median PB Ratio is 2.33. Stepchange Holdings' value of 0.93 is 60.1% below this industry median. Based on the distribution chart, Stepchange Holdings ranks #417 out of 2623 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Stepchange Holdings has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Stepchange Holdings' PB Ratio compare to CRM and SHOP?
According to the Software industry distribution chart, Stepchange Holdings ranks #417 out of 2623 companies for PB Ratio. This places Stepchange Holdings in the top 16% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.33. Stepchange Holdings' value of 0.93 is 60.1% below this benchmark. 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 2.33, based on 2,623 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. Stepchange Holdings's current PB Ratio of 0.93 is 60.1% 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 Stepchange Holdings and its competitors. For the Software industry, the median PB Ratio is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stepchange Holdings's current PB Ratio is 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stepchange Holdings stock overvalued right now?
Stepchange Holdings (ASX:STH) has a current PB Ratio of 0.93. The current PB Ratio is 0.93 and 60.1% below the Software industry median of 2.33. Stepchange Holdings' overall GF Score™ is 24/100 with 1 warning sign 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 Stepchange Holdings (ASX:STH), the current PB Ratio is 0.93 as of Jun. 28, 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.

Stepchange Holdings Business Description

Address c/- MPH Lawyers, 580 Hay Street, Suite 183, Level 6, Perth, WA, AUS, 6000
Stepchange Holdings Ltd is engaged in providing software services. It delivers end-to-end SAP ERP and digital transformation service. Its services include: Strategic Alignment and Execution; Program and Project Management; Change Management; and Business Analysis.
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PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.13
Price