Note ABCHIX:NOTES 96 PB Ratio is 2.88 as of Jun. 26, 2026, which is 2% above its 10-year median of 2.81. GuruFocus rates CHIX:NOTES with a GF Score™ of 96/100 and a GF Value™ of kr177.19. The stock has 4 warning signs investors should review. Among 2,413 Hardware companies, Note AB ranks worse than 54.21% 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 (2026-06-26), Note AB's share price is kr175.20. Note AB's Book Value per Share for the quarter that ended in Mar. 2026 was kr60.74. Hence, Note AB's PB Ratio of today is 2.88.
Good Sign:
Note AB stock PB Ratio (=2.69) is close to 1-year low of 2.69.
The historical rank and industry rank for Note AB's PB Ratio or its related term are showing as below:
CHIX:NOTEs'
s PB Ratio Range Over the Past 10 Years
Min: 1.16 Med: 2.81 Max: 8.67
Current: 2.69
During the past 13 years, Note AB's highest PB Ratio was 8.67. The lowest was 1.16. And the median was 2.81.
CHIX:NOTEs's PB Ratio is ranked worse than 54.21% of 2413
companies
in the Hardware industry
Industry Median: 2.4
vs CHIX:NOTEs: 2.69
During the past 12 months, Note AB's average Book Value Per Share Growth Rate was 5.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 15.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 24.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 22.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Note AB was 38.50% per year. The lowest was -18.20% per year. And the median was 10.55% 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.
Note AB PB Ratio Related Terms
Note AB PB Ratio Historical Data
* Premium members only.
The historical data trend for Note AB'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 Electronic Components subindustry, Note AB'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.
Note AB PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Note AB's PB Ratio distribution charts can be found below:
* The bar in red indicates where Note AB'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.
Note AB'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.
Note AB (CHIX:NOTES) has a PB Ratio of 2.88 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Note AB and its competitors. This is near median its historical median of 2.81. Over the past decade, Note AB's PB Ratio has ranged from 1.16 to 8.67. According to the industry distribution chart, Note AB ranks #1308 out of 2413 companies in the Hardware industry, placing it in the top 54.2%.
Is Note AB's PB Ratio too high?
Note AB's current PB Ratio of 2.88 is near median its 10-year median of 2.81. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 8.67. The Hardware industry median PB Ratio is 2.40. Note AB's value of 2.88 is 20% above this industry median. Based on the distribution chart, Note AB ranks #1308 out of 2413 companies in the Hardware industry, which is below the industry midpoint. Overall, Note AB has a GF Score™ of 96/100, reflecting its overall financial health beyond just this single metric.
How does Note AB's PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, Note AB ranks #1308 out of 2413 companies for PB Ratio. This places Note AB in the lower half of its industry. The industry median PB Ratio is 2.40. Note AB's value of 2.88 is 20% above this benchmark. Historically, Note AB's own PB Ratio has ranged from 1.16 to 8.67 over the past decade. While the company's 10-year median is 2.81 vs. the industry median of 2.40, Note AB 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 Hardware company?
The median PB Ratio among Hardware companies is 2.40, based on 2,413 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. Note AB's current PB Ratio of 2.88 is 20% 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 Note AB and its competitors. For the Hardware industry, the median PB Ratio is 2.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Note AB's current PB Ratio is 2.88, which is near median its own 10-year median of 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Note AB stock overvalued right now?
Note AB (CHIX:NOTES) has a current PB Ratio of 2.88. The stock's GF Value™ is kr177.19, compared to a current price of kr175.20 — trading 1.1% below its estimated fair value. The current PB Ratio is 2.88, which is near median its 10-year median of 2.81 and 20% above the Hardware industry median of 2.40. Note AB's overall GF Score™ is 96/100 with 4 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 Note AB (CHIX:NOTES), the current PB Ratio is 2.88 as of Jun. 26, 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 Note AB (CHIX:NOTES) Overvalued in 2026?
Based on GuruFocus' analysis, Note AB stock appears to be undervalued.
The current stock price of kr175.20 is trading 1.1% below its estimated GF Value™ of kr177.19.
Key valuation signals for CHIX:NOTES:
PB Ratio: 2.88 (near median its 10-year median of 2.81)
GF Value™: kr177.19 vs. price of kr175.20 (1.1% below fair value)
Industry Position: 20% above the Hardware median (#1308 of 2413)
No single metric tells the full story. See the CHIX:NOTES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Note AB is a Swedish based EMS partner. engaged in manufacturing electronics-based products that require high technology competence and flexibility. Its business has four segments which are Industrial, Communication, Medtech and Greentech.
96GF Score
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