Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Intelligent WaveIWVTF 70 PB Ratio is 2.51 as of Jul. 18, 2026, which is 9% below its 10-year median of 2.77. GuruFocus rates IWVTF with a GF Score™ of 70/100 and a GF Value™ of $7.53 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,629 Software companies, Intelligent Wave ranks worse than 55.15% 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 (2026-07-18), Intelligent Wave's share price is $5.80. Intelligent Wave's Book Value per Share for the quarter that ended in Dec. 2025 was $2.31. Hence, Intelligent Wave's PB Ratio of today is 2.51.
Good Sign:
Intelligent Wave Inc stock PB Ratio (=2.6) is close to 2-year low of 2.49.
The historical rank and industry rank for Intelligent Wave's PB Ratio or its related term are showing as below:
IWVTF'
s PB Ratio Range Over the Past 10 Years
Min: 1.64 Med: 2.77 Max: 4.8
Current: 2.6
During the past 13 years, Intelligent Wave's highest PB Ratio was 4.80. The lowest was 1.64. And the median was 2.77.
IWVTF's PB Ratio is ranked worse than 55.15% of 2629
companies
in the Software industry
Industry Median: 2.39
vs IWVTF: 2.60
During the past 12 months, Intelligent Wave's average Book Value Per Share Growth Rate was 6.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 6.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Intelligent Wave was 9.80% per year. The lowest was -1.80% per year. And the median was 5.80% per year.
Back to Basics: PB Ratio
Intelligent Wave (OTCPK:IWVTF) 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.
Intelligent Wave PB Ratio Related Terms
Intelligent Wave PB Ratio Historical Data
* Premium members only.
The historical data trend for Intelligent Wave'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, Intelligent Wave'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.
Intelligent Wave PB Ratio vs Software Industry
For the Software industry and Technology sector, Intelligent Wave's PB Ratio distribution charts can be found below:
* The bar in red indicates where Intelligent Wave'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.
Intelligent Wave (IWVTF) has a PB Ratio of 2.51 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Intelligent Wave and its competitors. This is near median its historical median of 2.77. Over the past decade, Intelligent Wave's PB Ratio has ranged from 1.64 to 4.80. According to the industry distribution chart, Intelligent Wave ranks #1450 out of 2629 companies in the Software industry, placing it in the top 55.2%.
Is Intelligent Wave's PB Ratio too high?
Intelligent Wave's current PB Ratio of 2.51 is near median its 10-year median of 2.77. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 4.80. The Software industry median PB Ratio is 2.39. Intelligent Wave's value of 2.51 is 5% above this industry median. Based on the distribution chart, Intelligent Wave ranks #1450 out of 2629 companies in the Software industry, which is below the industry midpoint. Overall, Intelligent Wave has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Intelligent Wave's PB Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, Intelligent Wave ranks #1450 out of 2629 companies for PB Ratio. This places Intelligent Wave in the lower half of its industry. The industry median PB Ratio is 2.39. Intelligent Wave's value of 2.51 is 5% above this benchmark. Historically, Intelligent Wave's own PB Ratio has ranged from 1.64 to 4.80 over the past decade. While the company's 10-year median is 2.77 vs. the industry median of 2.39, Intelligent Wave 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 a Software company?
The median PB Ratio among Software companies is 2.39, based on 2,629 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. Intelligent Wave's current PB Ratio of 2.51 is 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 Intelligent Wave and its competitors. For the Software industry, the median PB Ratio is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intelligent Wave's current PB Ratio is 2.51, which is near median its own 10-year median of 2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intelligent Wave stock overvalued right now?
Based on GuruFocus' analysis, Intelligent Wave (IWVTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.53, compared to a current price of $5.80 — trading 23% below its estimated fair value. The current PB Ratio is 2.51, which is near median its 10-year median of 2.77 and 5% above the Software industry median of 2.39. Intelligent Wave's overall GF Score™ is 70/100 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 Intelligent Wave (IWVTF), the current PB Ratio is 2.51 as of Jul. 18, 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 Intelligent Wave (IWVTF) Overvalued in 2026?
Based on GuruFocus' analysis, Intelligent Wave stock appears to be undervalued.
The current stock price of $5.80 is trading 23% below its estimated GF Value™ of $7.53.
GuruFocus considers Intelligent Wave to be Modestly Undervalued.
Key valuation signals for IWVTF:
PB Ratio: 2.51 (near median its 10-year median of 2.77)
GF Value™: $7.53 vs. price of $5.80 (23% below fair value)
Industry Position: 5% above the Software median (#1450 of 2629)
No single metric tells the full story. See the IWVTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intelligent Wave Inc is engaged in sales of system development services and system products, including hardware and software. It operates in two business segments including the Financial Systems Solutions business, and the Product Solutions business. In the Financial Systems Solutions business, it offers value-added system development, through software and hardware integration, and maintenance services for customers operating primarily in the financial services industry. In the Product Solutions business, it deploys and maintains high value-added systems for data security and other solutions based on the in-house developed product as well as system software procured from third parties for customers operating in a range of industries and fields.
70GF Score
Get the complete analysis for IWVTF
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
IWVTF has been successfully added to your 
