Palantir TechnologiesLIM:PLTR 75 PB Ratio is 32.43 as of Jun. 26, 2026, which is 78% above its 10-year median of 18.18. GuruFocus rates LIM:PLTR with a GF Score™ of 75/100 and a GF Value™ of $145.73 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,624 Software companies, Palantir Technologies ranks worse than 97.64% on this metric.
Palantir Technologies Inc stock PB Ratio (=30.43) is close to 1-year low of 30.43.
The historical rank and industry rank for Palantir Technologies's PB Ratio or its related term are showing as below:
LIM:PLTR'
s PB Ratio Range Over the Past 10 Years
Min: 5.24 Med: 18.18 Max: 74.78
Current: 30.43
During the past 8 years, Palantir Technologies's highest PB Ratio was 74.78. The lowest was 5.24. And the median was 18.18.
LIM:PLTR's PB Ratio is ranked worse than 97.64% of 2624
companies
in the Software industry
Industry Median: 2.32
vs LIM:PLTR: 30.43
During the past 12 months, Palantir Technologies's average Book Value Per Share Growth Rate was 53.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 36.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 27.90% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Palantir Technologies was 36.20% per year. The lowest was 23.00% per year. And the median was 23.70% per year.
Back to Basics: PB Ratio
Palantir Technologies (LIM:PLTR) 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.
* 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, Palantir Technologies'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.
Palantir Technologies PB Ratio vs Software Industry
For the Software industry and Technology sector, Palantir Technologies's PB Ratio distribution charts can be found below:
* The bar in red indicates where Palantir Technologies'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.
Palantir Technologies (LIM:PLTR) has a PB Ratio of 32.43 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 Palantir Technologies and its competitors. This is 78% above median its historical median of 18.18. Over the past decade, Palantir Technologies' PB Ratio has ranged from 5.24 to 74.78. According to the industry distribution chart, Palantir Technologies ranks #2562 out of 2624 companies in the Software industry, placing it in the top 97.6%.
Is Palantir Technologies' PB Ratio too high?
Palantir Technologies' current PB Ratio of 32.43 is 78% above median its 10-year median of 18.18. Over the past 10 years, this metric has ranged from a low of 5.24 to a high of 74.78. The Software industry median PB Ratio is 2.32. Palantir Technologies' value of 32.43 is 1297.8% above this industry median. Based on the distribution chart, Palantir Technologies ranks #2562 out of 2624 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Palantir Technologies has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Palantir Technologies' PB Ratio compare to PANW and CRWD?
According to the Software industry distribution chart, Palantir Technologies ranks #2562 out of 2624 companies for PB Ratio. This places Palantir Technologies in the lower half of its industry. The industry median PB Ratio is 2.32. Palantir Technologies' value of 32.43 is 1297.8% above this benchmark. Historically, Palantir Technologies' own PB Ratio has ranged from 5.24 to 74.78 over the past decade. While the company's 10-year median is 18.18 vs. the industry median of 2.32, Palantir Technologies 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 2.32, based on 2,624 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. Palantir Technologies's current PB Ratio of 32.43 is 1297.8% 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 Palantir Technologies and its competitors. For the Software industry, the median PB Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Palantir Technologies's current PB Ratio is 32.43, which is 78% above median its own 10-year median of 18.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Palantir Technologies stock overvalued right now?
Based on GuruFocus' analysis, Palantir Technologies (LIM:PLTR) is currently considered Modestly Undervalued. The stock's GF Value™ is $145.73, compared to a current price of $114.30 — trading 21.6% below its estimated fair value. The current PB Ratio is 32.43, which is 78% above median its 10-year median of 18.18 and 1297.8% above the Software industry median of 2.32. Palantir Technologies' overall GF Score™ is 75/100 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 Palantir Technologies (LIM:PLTR), the current PB Ratio is 32.43 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 Palantir Technologies (LIM:PLTR) Overvalued in 2026?
Based on GuruFocus' analysis, Palantir Technologies stock appears to be undervalued.
The current stock price of $114.30 is trading 21.6% below its estimated GF Value™ of $145.73.
GuruFocus considers Palantir Technologies to be Modestly Undervalued.
Key valuation signals for LIM:PLTR:
PB Ratio: 32.43 (78% above median its 10-year median of 18.18)
GF Value™: $145.73 vs. price of $114.30 (21.6% below fair value)
Industry Position: 1297.8% above the Software median (#2562 of 2624)
No single metric tells the full story. See the LIM:PLTR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Palantir is an artificial intelligence, analytics, and automated decision-making company that leverages data to drive efficiency across its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. Palantir works only with entities in Western-allied nations and reserves the right not to work with anyone that is antithetical to Western values. The company was founded in 2003 and went public in 2020.
75GF Score
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