Leonardo DRSDRS -0.74%79 PB Ratio is 4.26 as of Jun. 26, 2026, which is 40% above its 10-year median of 3.05. GuruFocus rates DRS with a GF Score™ of 79/100 and a GF Value™ of $35.47 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 339 Aerospace & Defense companies, Leonardo DRS ranks worse than 56.05% 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), Leonardo DRS's share price is $44.37. Leonardo DRS's Book Value per Share for the quarter that ended in Mar. 2026 was $10.42. Hence, Leonardo DRS's PB Ratio of today is 4.26.
The historical rank and industry rank for Leonardo DRS's PB Ratio or its related term are showing as below:
DRS'
s PB Ratio Range Over the Past 10 Years
Min: 0.92 Med: 3.05 Max: 4.96
Current: 4.26
During the past 8 years, Leonardo DRS's highest PB Ratio was 4.96. The lowest was 0.92. And the median was 3.05.
DRS's PB Ratio is ranked worse than 56.05% of 339
companies
in the Aerospace & Defense industry
Industry Median: 3.59
vs DRS: 4.26
During the past 12 months, Leonardo DRS's average Book Value Per Share Growth Rate was 7.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 7.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.30% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Leonardo DRS was 7.90% per year. The lowest was -4.20% per year. And the median was 0.85% 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.
Leonardo DRS PB Ratio Related Terms
Leonardo DRS PB Ratio Historical Data
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The historical data trend for Leonardo DRS'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, Leonardo DRS'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.
Leonardo DRS PB Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Leonardo DRS's PB Ratio distribution charts can be found below:
* The bar in red indicates where Leonardo DRS'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.
Leonardo DRS'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.
Leonardo DRS (DRS) has a PB Ratio of 4.26 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 Leonardo DRS and its competitors. This is 40% above median its historical median of 3.05. Over the past decade, Leonardo DRS's PB Ratio has ranged from 0.92 to 4.96. According to the industry distribution chart, Leonardo DRS ranks #190 out of 339 companies in the Aerospace & Defense industry, placing it in the top 56%.
Is Leonardo DRS's PB Ratio too high?
Leonardo DRS's current PB Ratio of 4.26 is 40% above median its 10-year median of 3.05. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 4.96. The Aerospace & Defense industry median PB Ratio is 3.59. Leonardo DRS's value of 4.26 is 18.7% above this industry median. Based on the distribution chart, Leonardo DRS ranks #190 out of 339 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Leonardo DRS has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leonardo DRS's PB Ratio compare to HII and KTOS?
According to the Aerospace & Defense industry distribution chart, Leonardo DRS ranks #190 out of 339 companies for PB Ratio. This places Leonardo DRS in the lower half of its industry. The industry median PB Ratio is 3.59. Leonardo DRS's value of 4.26 is 18.7% above this benchmark. Historically, Leonardo DRS's own PB Ratio has ranged from 0.92 to 4.96 over the past decade. While the company's 10-year median is 3.05 vs. the industry median of 3.59, Leonardo DRS 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 Aerospace & Defense company?
The median PB Ratio among Aerospace & Defense companies is 3.59, 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. Leonardo DRS's current PB Ratio of 4.26 is 18.7% 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 Leonardo DRS and its competitors. For the Aerospace & Defense industry, the median PB Ratio is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leonardo DRS's current PB Ratio is 4.26, which is 40% above median its own 10-year median of 3.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leonardo DRS stock overvalued right now?
Based on GuruFocus' analysis, Leonardo DRS (DRS) is currently considered Modestly Overvalued. The stock's GF Value™ is $35.47, compared to a current price of $44.37 — trading 25.1% above its estimated fair value. The current PB Ratio is 4.26, which is 40% above median its 10-year median of 3.05 and 18.7% above the Aerospace & Defense industry median of 3.59. Leonardo DRS's overall GF Score™ is 79/100 with 2 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 Leonardo DRS (DRS), the current PB Ratio is 4.26 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 Leonardo DRS (DRS) Overvalued in 2026?
Based on GuruFocus' analysis, Leonardo DRS stock appears to be overvalued.
The current stock price of $44.37 is trading 25.1% above its estimated GF Value™ of $35.47.
GuruFocus considers Leonardo DRS to be Modestly Overvalued.
Key valuation signals for DRS:
PB Ratio: 4.26 (40% above median its 10-year median of 3.05)
GF Value™: $35.47 vs. price of $44.37 (25.1% above fair value)
Industry Position: 18.7% above the Aerospace & Defense median (#190 of 339)
No single metric tells the full story. See the DRS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leonardo DRS Inc is a provider of defense products and technologies that are used across land, air, sea, space, and cyber domains. It is in the design, development, and manufacture of Advanced sensing, network computing, force protection, and electric power and propulsion technologies and solutions. The company has two segments: Advanced Sensing and Computing, which generates the majority of revenue, and the Integrated Mission Systems segment. The Advanced Sensing and Computing segment is engaged in designing, developing, and manufacturing sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision-making and execution by the customers.
79GF Score
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