Clearwater Analytics HoldingsCWAN 81 PB Ratio is 3.56 as of Jun. 26, 2026, which is 68% below its 10-year median of 11.27. GuruFocus rates CWAN with a GF Score™ of 81/100 and a GF Value™ of $31.89 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,625 Software companies, Clearwater Analytics Holdings ranks worse than 66.55% on this metric.
The historical rank and industry rank for Clearwater Analytics Holdings's PB Ratio or its related term are showing as below:
CWAN'
s PB Ratio Range Over the Past 10 Years
Min: 2.35 Med: 11.27 Max: 25.57
Current: 3.56
During the past 7 years, Clearwater Analytics Holdings's highest PB Ratio was 25.57. The lowest was 2.35. And the median was 11.27.
CWAN's PB Ratio is ranked worse than 66.55% of 2625
companies
in the Software industry
Industry Median: 2.36
vs CWAN: 3.56
During the past 12 months, Clearwater Analytics Holdings's average Book Value Per Share Growth Rate was 49.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 70.10% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Clearwater Analytics Holdings was 70.10% per year. The lowest was 57.10% per year. And the median was 63.60% per year.
Back to Basics: PB Ratio
Clearwater Analytics Holdings (NYSE:CWAN) 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.
Clearwater Analytics Holdings PB Ratio Related Terms
Clearwater Analytics Holdings PB Ratio Historical Data
* 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, Clearwater Analytics 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.
Clearwater Analytics Holdings PB Ratio vs Software Industry
For the Software industry and Technology sector, Clearwater Analytics Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Clearwater Analytics Holdings's PB Ratio falls into.
Clearwater Analytics 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.
* 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.
Clearwater Analytics Holdings (CWAN) has a PB Ratio of 3.56 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 Clearwater Analytics Holdings and its competitors. This is 68% below median its historical median of 11.27. Over the past decade, Clearwater Analytics Holdings' PB Ratio has ranged from 2.35 to 25.57. According to the industry distribution chart, Clearwater Analytics Holdings ranks #1747 out of 2625 companies in the Software industry, placing it in the top 66.6%.
Is Clearwater Analytics Holdings' PB Ratio too high?
Clearwater Analytics Holdings' current PB Ratio of 3.56 is 68% below median its 10-year median of 11.27. Over the past 10 years, this metric has ranged from a low of 2.35 to a high of 25.57. The Software industry median PB Ratio is 2.36. Clearwater Analytics Holdings' value of 3.56 is 50.8% above this industry median. Based on the distribution chart, Clearwater Analytics Holdings ranks #1747 out of 2625 companies in the Software industry, which is below the industry midpoint. Overall, Clearwater Analytics Holdings has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Clearwater Analytics Holdings' PB Ratio compare to CHYM and PCOR?
According to the Software industry distribution chart, Clearwater Analytics Holdings ranks #1747 out of 2625 companies for PB Ratio. This places Clearwater Analytics Holdings in the lower half of its industry. The industry median PB Ratio is 2.36. Clearwater Analytics Holdings' value of 3.56 is 50.8% above this benchmark. Historically, Clearwater Analytics Holdings' own PB Ratio has ranged from 2.35 to 25.57 over the past decade. While the company's 10-year median is 11.27 vs. the industry median of 2.36, Clearwater Analytics Holdings 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 2.36, based on 2,625 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. Clearwater Analytics Holdings's current PB Ratio of 3.56 is 50.8% 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 Clearwater Analytics Holdings and its competitors. For the Software industry, the median PB Ratio is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clearwater Analytics Holdings's current PB Ratio is 3.56, which is 68% below median its own 10-year median of 11.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clearwater Analytics Holdings stock overvalued right now?
Based on GuruFocus' analysis, Clearwater Analytics Holdings (CWAN) is currently considered Modestly Undervalued. The stock's GF Value™ is $31.89, compared to a current price of $24.56 — trading 23% below its estimated fair value. The current PB Ratio is 3.56, which is 68% below median its 10-year median of 11.27 and 50.8% above the Software industry median of 2.36. Clearwater Analytics Holdings' overall GF Score™ is 81/100 with 6 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 Clearwater Analytics Holdings (CWAN), the current PB Ratio is 3.56 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 Clearwater Analytics Holdings (CWAN) Overvalued in 2026?
Based on GuruFocus' analysis, Clearwater Analytics Holdings stock appears to be undervalued.
The current stock price of $24.56 is trading 23% below its estimated GF Value™ of $31.89.
GuruFocus considers Clearwater Analytics Holdings to be Modestly Undervalued.
Key valuation signals for CWAN:
PB Ratio: 3.56 (68% below median its 10-year median of 11.27)
GF Value™: $31.89 vs. price of $24.56 (23% below fair value)
Industry Position: 50.8% above the Software median (#1747 of 2625)
No single metric tells the full story. See the CWAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Clearwater Analytics Holdings Business Description
Clearwater Analytics describes its mission as aiming to be the world's most trusted and comprehensive technology platform for the entire investment cycle. Clearwater has historically focused on back-office functions such as investment accounting, but with acquisitions such Enfusion, Beacon, and Bistro, the firm has broadened its focus with front-office and middle-office capabilities. Clearwater primarily serves insurance companies, asset managers, hedge funds, and corporate treasuries. Pro forma for Enfusion, about 76% of Clearwater's revenue is generated in the US.
81GF Score
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