DeFi DevelopmentDFDV +10.98%38 PB Ratio is 7.89 as of Jun. 26, 2026, which is 262% above its 10-year median of 2.18. GuruFocus rates DFDV with a GF Score™ of 38/100 and a GF Value™ of $2.69 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,604 Asset Management companies, DeFi Development ranks worse than 96.63% 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), DeFi Development's share price is $2.73. DeFi Development's Book Value per Share for the quarter that ended in Mar. 2026 was $0.35. Hence, DeFi Development's PB Ratio of today is 7.89.
The historical rank and industry rank for DeFi Development's PB Ratio or its related term are showing as below:
DFDV'
s PB Ratio Range Over the Past 10 Years
Min: 0.59 Med: 2.18 Max: 120.6
Current: 7.8
During the past 6 years, DeFi Development's highest PB Ratio was 120.60. The lowest was 0.59. And the median was 2.18.
DFDV's PB Ratio is ranked worse than 96.63% of 1604
companies
in the Asset Management industry
Industry Median: 0.95
vs DFDV: 7.80
During the past 12 months, DeFi Development's average Book Value Per Share Growth Rate was 21.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 281.10% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of DeFi Development was 281.10% per year. The lowest was 94.50% per year. And the median was 187.80% 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.
DeFi Development PB Ratio Related Terms
DeFi Development PB Ratio Historical Data
* Premium members only.
The historical data trend for DeFi Development'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 Asset Management subindustry, DeFi Development'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.
DeFi Development PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, DeFi Development's PB Ratio distribution charts can be found below:
* The bar in red indicates where DeFi Development'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.
DeFi Development (DFDV) has a PB Ratio of 7.89 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 DeFi Development and its competitors. This is 262% above median its historical median of 2.18. Over the past decade, DeFi Development's PB Ratio has ranged from 0.59 to 120.60. According to the industry distribution chart, DeFi Development ranks #1550 out of 1604 companies in the Asset Management industry, placing it in the top 96.6%.
Is DeFi Development's PB Ratio too high?
DeFi Development's current PB Ratio of 7.89 is 262% above median its 10-year median of 2.18. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 120.60. The Asset Management industry median PB Ratio is 0.95. DeFi Development's value of 7.89 is 730.5% above this industry median. Based on the distribution chart, DeFi Development ranks #1550 out of 1604 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, DeFi Development has a GF Score™ of 38/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DeFi Development's PB Ratio compare to JHI and NIM?
According to the Asset Management industry distribution chart, DeFi Development ranks #1550 out of 1604 companies for PB Ratio. This places DeFi Development in the lower half of its industry. The industry median PB Ratio is 0.95. DeFi Development's value of 7.89 is 730.5% above this benchmark. Historically, DeFi Development's own PB Ratio has ranged from 0.59 to 120.60 over the past decade. While the company's 10-year median is 2.18 vs. the industry median of 0.95, DeFi Development 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 an Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,604 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. DeFi Development's current PB Ratio of 7.89 is 730.5% 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 DeFi Development and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DeFi Development's current PB Ratio is 7.89, which is 262% above median its own 10-year median of 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DeFi Development stock overvalued right now?
Based on GuruFocus' analysis, DeFi Development (DFDV) is currently considered Fairly Valued. The stock's GF Value™ is $2.69, compared to a current price of $2.73 — trading 1.5% above its estimated fair value. The current PB Ratio is 7.89, which is 262% above median its 10-year median of 2.18 and 730.5% above the Asset Management industry median of 0.95. DeFi Development's overall GF Score™ is 38/100 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 DeFi Development (DFDV), the current PB Ratio is 7.89 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 DeFi Development (DFDV) Overvalued in 2026?
Based on GuruFocus' analysis, DeFi Development stock appears to be overvalued.
The current stock price of $2.73 is trading 1.5% above its estimated GF Value™ of $2.69.
GuruFocus considers DeFi Development to be Fairly Valued.
Key valuation signals for DFDV:
PB Ratio: 7.89 (262% above median its 10-year median of 2.18)
GF Value™: $2.69 vs. price of $2.73 (1.5% above fair value)
Industry Position: 730.5% above the Asset Management median (#1550 of 1604)
No single metric tells the full story. See the DFDV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DeFi Development Corp is a U.S. company committed to building its treasury around Solana (SOL), a fast-growing blockchain infrastructure platform. This equity delivers shareholders tangible exposure to SOL price movement and staking rewards, making the firm a proxy for the Solana ecosystem. The treasury extends to running its own validator infrastructure, allowing DFDV to actively participate in and benefit from the Solana network expansion. The firm has two segments: Digital Asset Treasury ("Treasury") and Real Estate Platform ("Real Estate"). The company generates the majority of its revenue from the Treasury segment.
38GF Score
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