OneSpanFRA:VDY 67 PB Ratio is 2.06 as of Jul. 12, 2026, which is 20% below its 10-year median of 2.58. GuruFocus rates FRA:VDY with a GF Score™ of 67/100 and a GF Value™ of €11.95. The stock has 4 warning signs investors should review. Among 2,631 Software companies, OneSpan ranks better than 57.47% 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 (2026-07-12), OneSpan's share price is €13.10. OneSpan's Book Value per Share for the quarter that ended in Mar. 2026 was €6.36. Hence, OneSpan's PB Ratio of today is 2.06.
The historical rank and industry rank for OneSpan's PB Ratio or its related term are showing as below:
FRA:VDY'
s PB Ratio Range Over the Past 10 Years
Min: 1.39 Med: 2.58 Max: 4.88
Current: 2.06
During the past 13 years, OneSpan's highest PB Ratio was 4.88. The lowest was 1.39. And the median was 2.58.
FRA:VDY's PB Ratio is ranked better than 57.47% of 2631
companies
in the Software industry
Industry Median: 2.42
vs FRA:VDY: 2.06
During the past 12 months, OneSpan's average Book Value Per Share Growth Rate was 21.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.10% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of OneSpan was 123.10% per year. The lowest was -80.10% per year. And the median was 11.80% 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.
OneSpan PB Ratio Related Terms
OneSpan PB Ratio Historical Data
* Premium members only.
The historical data trend for OneSpan'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 Software - Infrastructure subindustry, OneSpan'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.
OneSpan PB Ratio vs Software Industry
For the Software industry and Technology sector, OneSpan's PB Ratio distribution charts can be found below:
* The bar in red indicates where OneSpan'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.
OneSpan'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.
OneSpan (FRA:VDY) has a PB Ratio of 2.06 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on OneSpan and its competitors. This is 20% below median its historical median of 2.58. Over the past decade, OneSpan's PB Ratio has ranged from 1.39 to 4.88. According to the industry distribution chart, OneSpan ranks #1119 out of 2631 companies in the Software industry, placing it in the top 42.5%.
Is OneSpan's PB Ratio too high?
OneSpan's current PB Ratio of 2.06 is 20% below median its 10-year median of 2.58. Over the past 10 years, this metric has ranged from a low of 1.39 to a high of 4.88. The Software industry median PB Ratio is 2.42. OneSpan's value of 2.06 is 14.9% below this industry median. Based on the distribution chart, OneSpan ranks #1119 out of 2631 companies in the Software industry, which is above the industry midpoint. Overall, OneSpan has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does OneSpan's PB Ratio compare to RPD and OWLS?
According to the Software industry distribution chart, OneSpan ranks #1119 out of 2631 companies for PB Ratio. This puts OneSpan in the upper half of its industry. The industry median PB Ratio is 2.42. OneSpan's value of 2.06 is 14.9% below this benchmark. Historically, OneSpan's own PB Ratio has ranged from 1.39 to 4.88 over the past decade. While the company's 10-year median is 2.58 vs. the industry median of 2.42, OneSpan 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 Software company?
The median PB Ratio among Software companies is 2.42, based on 2,631 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. OneSpan's current PB Ratio of 2.06 is 14.9% 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 OneSpan and its competitors. For the Software industry, the median PB Ratio is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OneSpan's current PB Ratio is 2.06, which is 20% below median its own 10-year median of 2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OneSpan stock overvalued right now?
OneSpan (FRA:VDY) has a current PB Ratio of 2.06. The stock's GF Value™ is €11.95, compared to a current price of €13.10 — trading 9.6% above its estimated fair value. The current PB Ratio is 2.06, which is 20% below median its 10-year median of 2.58 and 14.9% below the Software industry median of 2.42. OneSpan's overall GF Score™ is 67/100 with 4 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 OneSpan (FRA:VDY), the current PB Ratio is 2.06 as of Jul. 12, 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 OneSpan (FRA:VDY) Overvalued in 2026?
Based on GuruFocus' analysis, OneSpan stock appears to be overvalued.
The current stock price of €13.10 is trading 9.6% above its estimated GF Value™ of €11.95.
Key valuation signals for FRA:VDY:
PB Ratio: 2.06 (20% below median its 10-year median of 2.58)
GF Value™: €11.95 vs. price of €13.10 (9.6% above fair value)
Industry Position: 14.9% below the Software median (#1119 of 2631)
No single metric tells the full story. See the FRA:VDY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
OneSpan Inc is a provider of information technology security solutions for banking and financial services and application security markets. The company build secure, seamless, and trusted digital experiences through two solution portfolios: Cybersecurity solutions engaged in protecting identities, securing mobile apps, and safeguarding access through high-assurance authentication, threat intelligence, fraud prevention, and robust mobile app protection, defending users, devices, and applications against sophisticated attacks, while Digital agreement solutions focuses on streamlining workflows with secure e-signatures, identity verification, and smart digital forms, built to enable speed, compliance and other customer experiences.
67GF Score
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