Forever Opensource Software (BJSE:920415) PB Ratio: 2.20 (As of Sep. 16, 2026) — 44% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BJSE:920415 Forever Opensource Software Inc BJSE:920415
57 GF Score
Price ¥8.76
GF Value ¥13.98
Valuation Possible Value Trap
! 3 Warning Signs
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What is Forever Opensource Software PB Ratio?

Forever Opensource Software BJSE:920415 57 PB Ratio is 2.20 as of Sep. 16, 2026, which is 44% above its 10-year median of 1.53. GuruFocus rates BJSE:920415 with a GF Score™ of 57/100 and a GF Value™ of ¥13.98 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,633 Software companies, Forever Opensource Software ranks better than 56.13% 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 (2026-09-16), Forever Opensource Software's share price is ¥8.76. Forever Opensource Software's Book Value per Share for the quarter that ended in Jun. 2026 was ¥3.98. Hence, Forever Opensource Software's PB Ratio of today is 2.20.

Good Sign:

Forever Opensource Software Inc stock PB Ratio (=2.21) is close to 1-year low of 2.05.

The historical rank and industry rank for Forever Opensource Software's PB Ratio or its related term are showing as below:

BJSE:920415' s PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.53   Max: 6.85
Current: 2.2

During the past 12 years, Forever Opensource Software's highest PB Ratio was 6.85. The lowest was 1.01. And the median was 1.53.

BJSE:920415's PB Ratio is ranked better than
56.13% of 2633 companies
in the Software industry
Industry Median: 2.47 vs BJSE:920415: 2.20

During the past 12 months, Forever Opensource Software's average Book Value Per Share Growth Rate was 4.90% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 1.90% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 1.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 9.20% per year.

During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Forever Opensource Software was 43.00% per year. The lowest was -8.20% per year. And the median was 7.60% per year.

Back to Basics: PB Ratio


Forever Opensource Software  (BJSE:920415) 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.


Forever Opensource Software PB Ratio Related Terms


Forever Opensource Software PB Ratio Historical Data

* Premium members only.

The historical data trend for Forever Opensource Software'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.

Forever Opensource Software PB Ratio Chart

Forever Opensource Software Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.53 1.04 1.67 3.91 3.52

Forever Opensource Software Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.42 4.63 3.52 3.02 2.31

BJSE:920415 vs IBM, ACN, CTSH: PB Ratio Comparison

For the Information Technology Services subindustry, Forever Opensource Software'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.


Forever Opensource Software PB Ratio vs Software Industry

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

* The bar in red indicates where Forever Opensource Software's PB Ratio falls into.


BJSE:920415
57GF Score
Forever Opensource Software Inc BJSE:920415
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forever Opensource Software 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.

Forever Opensource Software's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Jun. 2026)
=8.76/3.979
=2.20

* 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 2.20 mean?
Forever Opensource Software (BJSE:920415) has a PB Ratio of 2.20 as of Sep. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Forever Opensource Software and its competitors. This is 44% above median its historical median of 1.53. Over the past decade, Forever Opensource Software's PB Ratio has ranged from 1.01 to 6.85. According to the industry distribution chart, Forever Opensource Software ranks #1155 out of 2633 companies in the Software industry, placing it in the top 43.9%.
Is Forever Opensource Software's PB Ratio too high?
Forever Opensource Software's current PB Ratio of 2.20 is 44% above median its 10-year median of 1.53. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 6.85. The Software industry median PB Ratio is 2.47. Forever Opensource Software's value of 2.20 is 10.9% below this industry median. Based on the distribution chart, Forever Opensource Software ranks #1155 out of 2633 companies in the Software industry, which is above the industry midpoint. Overall, Forever Opensource Software has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Forever Opensource Software's PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Forever Opensource Software ranks #1155 out of 2633 companies for PB Ratio. This puts Forever Opensource Software in the upper half of its industry. The industry median PB Ratio is 2.47. Forever Opensource Software's value of 2.20 is 10.9% below this benchmark. Historically, Forever Opensource Software's own PB Ratio has ranged from 1.01 to 6.85 over the past decade. While the company's 10-year median is 1.53 vs. the industry median of 2.47, Forever Opensource Software 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 Software company?
The median PB Ratio among Software companies is 2.47, based on 2,633 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. Forever Opensource Software's current PB Ratio of 2.20 is 10.9% 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 Forever Opensource Software and its competitors. For the Software industry, the median PB Ratio is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forever Opensource Software's current PB Ratio is 2.20, which is 44% above median its own 10-year median of 1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forever Opensource Software stock overvalued right now?
Based on GuruFocus' analysis, Forever Opensource Software (BJSE:920415) is currently considered Possible Value Trap. The stock's GF Value™ is ¥13.98, compared to a current price of ¥8.76 — trading 37.3% below its estimated fair value. The current PB Ratio is 2.20, which is 44% above median its 10-year median of 1.53 and 10.9% below the Software industry median of 2.47. Forever Opensource Software's overall GF Score™ is 57/100 with 3 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 Forever Opensource Software (BJSE:920415), the current PB Ratio is 2.20 as of Sep. 16, 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 Forever Opensource Software (BJSE:920415) Overvalued in 2026?

Based on GuruFocus' analysis, Forever Opensource Software stock appears to be undervalued. The current stock price of ¥8.76 is trading 37.3% below its estimated GF Value™ of ¥13.98. GuruFocus considers Forever Opensource Software to be Possible Value Trap.

Key valuation signals for BJSE:920415:

  • PB Ratio: 2.20 (44% above median its 10-year median of 1.53)
  • GF Value™: ¥13.98 vs. price of ¥8.76 (37.3% below fair value)
  • GF Score™: 57/100 with 3 warning signs
  • Industry Position: 10.9% below the Software median (#1155 of 2633)

No single metric tells the full story. See the BJSE:920415 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Forever Opensource Software Business Description

Address No. 10, Jiuxianqiao North Road, 4th Floor, Building 204, Chaoyang District, Beijing, CHN, 100015
Forever Opensource Software Inc provides open-source technology and software services. It offers one-stop products, technical services, and solutions for airlines and airport operations, covering operation control, flight safety, marketing, maintenance, aviation fuel, and other core civil aviation IT systems.
57GF Score

Get the complete analysis for BJSE:920415

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥8.76
Price
¥13.98
GF Value