Technology OneASX:TNE +2.45%100 PB Ratio is 21.72 as of Jun. 24, 2026, which is 15% above its 10-year median of 18.96. GuruFocus rates ASX:TNE with a GF Score™ of 100/100 and a GF Value™ of A$30.00 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,624 Software companies, Technology One ranks worse than 96.49% 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), Technology One's share price is A$28.41. Technology One's Book Value per Share for the quarter that ended in Mar. 2026 was A$1.31. Hence, Technology One's PB Ratio of today is 21.72.
The historical rank and industry rank for Technology One's PB Ratio or its related term are showing as below:
ASX:TNE'
s PB Ratio Range Over the Past 10 Years
Min: 8.44 Med: 18.96 Max: 36.53
Current: 21.72
During the past 13 years, Technology One's highest PB Ratio was 36.53. The lowest was 8.44. And the median was 18.96.
ASX:TNE's PB Ratio is ranked worse than 96.49% of 2624
companies
in the Software industry
Industry Median: 2.37
vs ASX:TNE: 21.72
During the past 12 months, Technology One's average Book Value Per Share Growth Rate was 3.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 23.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 25.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 12.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Technology One was 50.10% per year. The lowest was -8.70% per year. And the median was 12.45% 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.
Technology One PB Ratio Related Terms
Technology One PB Ratio Historical Data
* Premium members only.
The historical data trend for Technology One'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, Technology One'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.
Technology One PB Ratio vs Software Industry
For the Software industry and Technology sector, Technology One's PB Ratio distribution charts can be found below:
* The bar in red indicates where Technology One'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.
Technology One'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.
Technology One (ASX:TNE) has a PB Ratio of 21.72 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 Technology One and its competitors. This is 15% above median its historical median of 18.96. Over the past decade, Technology One's PB Ratio has ranged from 8.44 to 36.53. According to the industry distribution chart, Technology One ranks #2532 out of 2624 companies in the Software industry, placing it in the top 96.5%.
Is Technology One's PB Ratio too high?
Technology One's current PB Ratio of 21.72 is 15% above median its 10-year median of 18.96. Over the past 10 years, this metric has ranged from a low of 8.44 to a high of 36.53. The Software industry median PB Ratio is 2.37. Technology One's value of 21.72 is 816.5% above this industry median. Based on the distribution chart, Technology One ranks #2532 out of 2624 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Technology One has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Technology One's PB Ratio compare to CRM and SHOP?
According to the Software industry distribution chart, Technology One ranks #2532 out of 2624 companies for PB Ratio. This places Technology One in the lower half of its industry. The industry median PB Ratio is 2.37. Technology One's value of 21.72 is 816.5% above this benchmark. Historically, Technology One's own PB Ratio has ranged from 8.44 to 36.53 over the past decade. While the company's 10-year median is 18.96 vs. the industry median of 2.37, Technology One 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. Technology One's current PB Ratio of 21.72 is 816.5% 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 Technology One 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. Technology One's current PB Ratio is 21.72, which is 15% above median its own 10-year median of 18.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technology One stock overvalued right now?
Based on GuruFocus' analysis, Technology One (ASX:TNE) is currently considered Fairly Valued. The stock's GF Value™ is A$30.00, compared to a current price of A$28.41 — trading 5.3% below its estimated fair value. The current PB Ratio is 21.72, which is 15% above median its 10-year median of 18.96 and 816.5% above the Software industry median of 2.37. Technology One's overall GF Score™ is 100/100 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 Technology One (ASX:TNE), the current PB Ratio is 21.72 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 Technology One (ASX:TNE) Overvalued in 2026?
Based on GuruFocus' analysis, Technology One stock appears to be undervalued.
The current stock price of A$28.41 is trading 5.3% below its estimated GF Value™ of A$30.00.
GuruFocus considers Technology One to be Fairly Valued.
Key valuation signals for ASX:TNE:
PB Ratio: 21.72 (15% above median its 10-year median of 18.96)
GF Value™: A$30.00 vs. price of A$28.41 (5.3% below fair value)
Industry Position: 816.5% above the Software median (#2532 of 2624)
No single metric tells the full story. See the ASX:TNE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Technology One is a technology company providing enterprise resource planning software, primarily to governmental organizations, education institutions, and healthcare organizations in Australia, New Zealand, and the United Kingdom. Over the past three decades, Technology One has successfully carved out its niche, boasting dominant market shares in some of its key verticals, world-leading annual customer retention rates of over 99%, and a consistently growing number of products used per customer.
100GF Score
Get the complete analysis for ASX:TNE
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
ASX:TNE has been successfully added to your 
