learnd SEFRA:LRND +1.85%37 PB Ratio is 1.21 as of Jun. 30, 2026, which is 98% below its 10-year median of 76.86. GuruFocus rates FRA:LRND with a GF Score™ of 37/100 and a GF Value™ of €0.79 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 474 Diversified Financial Services companies, learnd SE ranks better than 70.89% 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 (2026-06-30), learnd SE's share price is €2.20. learnd SE's Book Value per Share for the quarter that ended in Dec. 2025 was €1.81. Hence, learnd SE's PB Ratio of today is 1.21.
Good Sign:
learnd SE stock PB Ratio (=1.21) is close to 5-year low of 1.21.
The historical rank and industry rank for learnd SE's PB Ratio or its related term are showing as below:
FRA:LRND'
s PB Ratio Range Over the Past 10 Years
Min: 1.21 Med: 76.86 Max: 86.78
Current: 1.21
During the past 5 years, learnd SE's highest PB Ratio was 86.78. The lowest was 1.21. And the median was 76.86.
FRA:LRND's PB Ratio is ranked better than 70.89% of 474
companies
in the Diversified Financial Services industry
Industry Median: 1.385
vs FRA:LRND: 1.21
During the past 3 years, the average Book Value Per Share Growth Rate was 146.50% per year.
During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of learnd SE was 146.50% per year. The lowest was 28.50% per year. And the median was 87.50% 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.
learnd SE PB Ratio Related Terms
learnd SE PB Ratio Historical Data
* Premium members only.
The historical data trend for learnd SE'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 Shell Companies subindustry, learnd SE'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.
learnd SE PB Ratio vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, learnd SE's PB Ratio distribution charts can be found below:
* The bar in red indicates where learnd SE'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.
learnd SE'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.
learnd SE (FRA:LRND) has a PB Ratio of 1.21 as of Jun. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on learnd SE and its competitors. This is 98% below median its historical median of 76.86. Over the past decade, learnd SE's PB Ratio has ranged from 1.21 to 86.78. According to the industry distribution chart, learnd SE ranks #138 out of 474 companies in the Diversified Financial Services industry, placing it in the top 29.1%.
Is learnd SE's PB Ratio too high?
learnd SE's current PB Ratio of 1.21 is 98% below median its 10-year median of 76.86. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 86.78. The Diversified Financial Services industry median PB Ratio is 1.39. learnd SE's value of 1.21 is 12.6% below this industry median. Based on the distribution chart, learnd SE ranks #138 out of 474 companies in the Diversified Financial Services industry, which is above the industry midpoint. Overall, learnd SE has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does learnd SE's PB Ratio compare to XXI and CCXI?
According to the Diversified Financial Services industry distribution chart, learnd SE ranks #138 out of 474 companies for PB Ratio. This puts learnd SE in the upper half of its industry. The industry median PB Ratio is 1.39. learnd SE's value of 1.21 is 12.6% below this benchmark. Historically, learnd SE's own PB Ratio has ranged from 1.21 to 86.78 over the past decade. While the company's 10-year median is 76.86 vs. the industry median of 1.39, learnd SE 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 a Diversified Financial Services company?
The median PB Ratio among Diversified Financial Services companies is 1.39, based on 474 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. learnd SE's current PB Ratio of 1.21 is 12.6% 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 learnd SE and its competitors. For the Diversified Financial Services industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. learnd SE's current PB Ratio is 1.21, which is 98% below median its own 10-year median of 76.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is learnd SE stock overvalued right now?
Based on GuruFocus' analysis, learnd SE (FRA:LRND) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.79, compared to a current price of €2.20 — trading 178.5% above its estimated fair value. The current PB Ratio is 1.21, which is 98% below median its 10-year median of 76.86 and 12.6% below the Diversified Financial Services industry median of 1.39. learnd SE's overall GF Score™ is 37/100 with 3 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 learnd SE (FRA:LRND), the current PB Ratio is 1.21 as of Jun. 30, 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 learnd SE (FRA:LRND) Overvalued in 2026?
Based on GuruFocus' analysis, learnd SE stock appears to be overvalued.
The current stock price of €2.20 is trading 178.5% above its estimated GF Value™ of €0.79.
GuruFocus considers learnd SE to be Significantly Overvalued.
Key valuation signals for FRA:LRND:
PB Ratio: 1.21 (98% below median its 10-year median of 76.86)
GF Value™: €0.79 vs. price of €2.20 (178.5% above fair value)
Industry Position: 12.6% below the Diversified Financial Services median (#138 of 474)
No single metric tells the full story. See the FRA:LRND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
learnd SE is engaged in the design, installation, service and maintenance of Building Management Systems (BMS) and Building Energy Management Systems, and the provision of associated bureau services.
37GF Score
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