Coda Octopus GroupCODA -0.74%89 PB Ratio is 1.73 as of Jun. 25, 2026, which is 12% below its 10-year median of 1.97. GuruFocus rates CODA with a GF Score™ of 89/100 and a GF Value™ of $10.11 (Fairly Valued). The stock has 1 warning sign investors should review. Among 339 Aerospace & Defense companies, Coda Octopus Group ranks better than 81.12% on this metric.
The historical rank and industry rank for Coda Octopus Group's PB Ratio or its related term are showing as below:
CODA'
s PB Ratio Range Over the Past 10 Years
Min: 1.19 Med: 1.97 Max: 6.02
Current: 1.73
During the past 13 years, Coda Octopus Group's highest PB Ratio was 6.02. The lowest was 1.19. And the median was 1.97.
CODA's PB Ratio is ranked better than 81.12% of 339
companies
in the Aerospace & Defense industry
Industry Median: 3.66
vs CODA: 1.73
During the past 12 months, Coda Octopus Group's average Book Value Per Share Growth Rate was 9.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 20.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Coda Octopus Group was 102.80% per year. The lowest was -14.50% per year. And the median was 22.95% per year.
Back to Basics: PB Ratio
Coda Octopus Group (NAS:CODA) PB Ratio Explanation
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.
Coda Octopus Group PB Ratio Related Terms
Coda Octopus Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Coda Octopus 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 Aerospace & Defense subindustry, Coda Octopus 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.
Coda Octopus Group PB Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Coda Octopus Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Coda Octopus 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.
* 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.
Coda Octopus Group (CODA) has a PB Ratio of 1.73 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Coda Octopus Group and its competitors. This is 12% below median its historical median of 1.97. Over the past decade, Coda Octopus Group's PB Ratio has ranged from 1.19 to 6.02. According to the industry distribution chart, Coda Octopus Group ranks #64 out of 339 companies in the Aerospace & Defense industry, placing it in the top 18.9%.
Is Coda Octopus Group's PB Ratio too high?
Coda Octopus Group's current PB Ratio of 1.73 is 12% below median its 10-year median of 1.97. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 6.02. The Aerospace & Defense industry median PB Ratio is 3.66. Coda Octopus Group's value of 1.73 is 52.7% below this industry median. Based on the distribution chart, Coda Octopus Group ranks #64 out of 339 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Coda Octopus Group has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Coda Octopus Group's PB Ratio compare to BYRN and SPAI?
According to the Aerospace & Defense industry distribution chart, Coda Octopus Group ranks #64 out of 339 companies for PB Ratio. This places Coda Octopus Group in the top 19% of its industry — outperforming the majority of peers. The industry median PB Ratio is 3.66. Coda Octopus Group's value of 1.73 is 52.7% below this benchmark. Historically, Coda Octopus Group's own PB Ratio has ranged from 1.19 to 6.02 over the past decade. While the company's 10-year median is 1.97 vs. the industry median of 3.66, Coda Octopus Group 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 an Aerospace & Defense company?
The median PB Ratio among Aerospace & Defense companies is 3.66, based on 339 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. Coda Octopus Group's current PB Ratio of 1.73 is 52.7% 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 Coda Octopus Group and its competitors. For the Aerospace & Defense industry, the median PB Ratio is 3.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coda Octopus Group's current PB Ratio is 1.73, which is 12% below median its own 10-year median of 1.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coda Octopus Group stock overvalued right now?
Based on GuruFocus' analysis, Coda Octopus Group (CODA) is currently considered Fairly Valued. The stock's GF Value™ is $10.11, compared to a current price of $9.40 — trading 7% below its estimated fair value. The current PB Ratio is 1.73, which is 12% below median its 10-year median of 1.97 and 52.7% below the Aerospace & Defense industry median of 3.66. Coda Octopus Group's overall GF Score™ is 89/100 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 Coda Octopus Group (CODA), the current PB Ratio is 1.73 as of Jun. 25, 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 Coda Octopus Group (CODA) Overvalued in 2026?
Based on GuruFocus' analysis, Coda Octopus Group stock appears to be undervalued.
The current stock price of $9.40 is trading 7% below its estimated GF Value™ of $10.11.
GuruFocus considers Coda Octopus Group to be Fairly Valued.
Key valuation signals for CODA:
PB Ratio: 1.73 (12% below median its 10-year median of 1.97)
GF Value™: $10.11 vs. price of $9.40 (7% below fair value)
Industry Position: 52.7% below the Aerospace & Defense median (#64 of 339)
No single metric tells the full story. See the CODA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coda Octopus Group Inc develops underwater technologies and equipment for imaging, mapping defense, and survey applications. The company operates in three distinct business segments: the Marine Technology business, Acoustic Sensors and Material Business and the Defense Engineering Services Business. Its geographical segments are the Americas, Europe, Australia/Asia, and the Middle East/Africa. The majority of revenue is derived from the Products segment.
89GF Score
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