Indie SemiconductorINDI -3.77%79 PB Ratio is 2.30 as of Jun. 24, 2026, which is 8% below its 10-year median of 2.51. GuruFocus rates INDI with a GF Score™ of 79/100 and a GF Value™ of $4.26 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,000 Semiconductors companies, Indie Semiconductor ranks better than 66.9% on this metric.
The historical rank and industry rank for Indie Semiconductor's PB Ratio or its related term are showing as below:
INDI'
s PB Ratio Range Over the Past 10 Years
Min: 0.77 Med: 2.51 Max: 15.32
Current: 2.3
During the past 6 years, Indie Semiconductor's highest PB Ratio was 15.32. The lowest was 0.77. And the median was 2.51.
INDI's PB Ratio is ranked better than 66.9% of 1000
companies
in the Semiconductors industry
Industry Median: 3.835
vs INDI: 2.30
During the past 12 months, Indie Semiconductor's average Book Value Per Share Growth Rate was -25.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -10.70% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Indie Semiconductor was -8.60% per year. The lowest was -10.70% per year. And the median was -9.65% per year.
Back to Basics: PB Ratio
Indie Semiconductor (NAS:INDI) 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.
Indie Semiconductor PB Ratio Related Terms
Indie Semiconductor PB Ratio Historical Data
* Premium members only.
The historical data trend for Indie Semiconductor'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 Semiconductors subindustry, Indie Semiconductor'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.
Indie Semiconductor PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Indie Semiconductor's PB Ratio distribution charts can be found below:
* The bar in red indicates where Indie Semiconductor'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.
Indie Semiconductor (INDI) has a PB Ratio of 2.30 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Indie Semiconductor and its competitors. This is near median its historical median of 2.51. Over the past decade, Indie Semiconductor's PB Ratio has ranged from 0.77 to 15.32. According to the industry distribution chart, Indie Semiconductor ranks #331 out of 1000 companies in the Semiconductors industry, placing it in the top 33.1%.
Is Indie Semiconductor's PB Ratio too high?
Indie Semiconductor's current PB Ratio of 2.30 is near median its 10-year median of 2.51. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 15.32. The Semiconductors industry median PB Ratio is 3.84. Indie Semiconductor's value of 2.30 is 40% below this industry median. Based on the distribution chart, Indie Semiconductor ranks #331 out of 1000 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Indie Semiconductor has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indie Semiconductor's PB Ratio compare to CEVA and LAES?
According to the Semiconductors industry distribution chart, Indie Semiconductor ranks #331 out of 1000 companies for PB Ratio. This puts Indie Semiconductor in the upper half of its industry. The industry median PB Ratio is 3.84. Indie Semiconductor's value of 2.30 is 40% below this benchmark. Historically, Indie Semiconductor's own PB Ratio has ranged from 0.77 to 15.32 over the past decade. While the company's 10-year median is 2.51 vs. the industry median of 3.84, Indie Semiconductor 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 Semiconductors company?
The median PB Ratio among Semiconductors companies is 3.84, based on 1,000 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. Indie Semiconductor's current PB Ratio of 2.30 is 40% 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 Indie Semiconductor and its competitors. For the Semiconductors industry, the median PB Ratio is 3.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indie Semiconductor's current PB Ratio is 2.30, which is near median its own 10-year median of 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indie Semiconductor stock overvalued right now?
Based on GuruFocus' analysis, Indie Semiconductor (INDI) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.26, compared to a current price of $3.57 — trading 16.2% below its estimated fair value. The current PB Ratio is 2.30, which is near median its 10-year median of 2.51 and 40% below the Semiconductors industry median of 3.84. Indie Semiconductor's overall GF Score™ is 79/100 with 7 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 Indie Semiconductor (INDI), the current PB Ratio is 2.30 as of Jun. 24, 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 Indie Semiconductor (INDI) Overvalued in 2026?
Based on GuruFocus' analysis, Indie Semiconductor stock appears to be undervalued.
The current stock price of $3.57 is trading 16.2% below its estimated GF Value™ of $4.26.
GuruFocus considers Indie Semiconductor to be Modestly Undervalued.
Key valuation signals for INDI:
PB Ratio: 2.30 (near median its 10-year median of 2.51)
GF Value™: $4.26 vs. price of $3.57 (16.2% below fair value)
Industry Position: 40% below the Semiconductors median (#331 of 1000)
No single metric tells the full story. See the INDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indie Semiconductor Inc caters to the autotech industry with semiconductors, photonics, and software platforms. The company's products include devices for a multitude of automotive applications spanning vision and radar processors, in-cabin wireless charging and USB power delivery, device interfacing through Apple CarPlay and Android Auto, and high-speed video and data connectivity. New products under evaluation or development include LiDAR, cybersecurity-enabled microcontrollers, and sensor-fusion processors. Its Photonics division mainly offers low-noise lasers, standard, and custom light sources. Geographically, the company generates the majority of its revenue from Greater China and the rest from the United States, Europe, South Korea, and other regions.
79GF Score
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