LIND (Lindblad Expeditions Holdings) PB Ratio: (As of Jun. 25, 2026)


LIND Lindblad Expeditions Holdings Inc LIND
65 GF Score
Price $28.62
GF Value $13.25
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Lindblad Expeditions Holdings PB Ratio?

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 (2026-06-25), Lindblad Expeditions Holdings's share price is $28.615. Lindblad Expeditions Holdings's Book Value per Share for the quarter that ended in Mar. 2026 was $-2.91. Hence, Lindblad Expeditions Holdings's PB Ratio of today is .

The historical rank and industry rank for Lindblad Expeditions Holdings's PB Ratio or its related term are showing as below:

During the past 13 years, Lindblad Expeditions Holdings's highest PB Ratio was 220.48. The lowest was 1.33. And the median was 4.90.

LIND's PB Ratio is not ranked *
in the Travel & Leisure industry.
Industry Median: 1.49
* Ranked among companies with meaningful PB Ratio only.

During the past 3 years, the average Book Value Per Share Growth Rate was -14.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Lindblad Expeditions Holdings was 1897.40% per year. The lowest was -44.30% per year. And the median was -14.30% per year.

Back to Basics: PB Ratio


Lindblad Expeditions Holdings  (NAS:LIND) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Lindblad Expeditions Holdings PB Ratio Related Terms


Lindblad Expeditions Holdings PB Ratio Historical Data

* Premium members only.

The historical data trend for Lindblad Expeditions Holdings'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.

Lindblad Expeditions Holdings PB Ratio Chart

Lindblad Expeditions Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Lindblad Expeditions Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

LIND vs TRIP, PRSU, TOUR: PB Ratio Comparison

For the Travel Services subindustry, Lindblad Expeditions Holdings'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.


Lindblad Expeditions Holdings PB Ratio vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Lindblad Expeditions Holdings's PB Ratio distribution charts can be found below:

* The bar in red indicates where Lindblad Expeditions Holdings's PB Ratio falls into.


LIND
65GF Score
Lindblad Expeditions Holdings Inc LIND
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Lindblad Expeditions Holdings PB Ratio Calculation

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.

Lindblad Expeditions Holdings's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=28.615/-2.905
=

* 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.

Is Lindblad Expeditions Holdings (LIND) Overvalued in 2026?

Based on GuruFocus' analysis, Lindblad Expeditions Holdings stock appears to be overvalued. The current stock price of $28.62 is trading 116% above its estimated GF Value™ of $13.25. GuruFocus considers Lindblad Expeditions Holdings to be Significantly Overvalued.

Key valuation signals for LIND:

  • PB Ratio:
  • GF Value™: $13.25 vs. price of $28.62 (116% above fair value)
  • GF Score™: 65/100 with 6 warning signs

No single metric tells the full story. See the LIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lindblad Expeditions Holdings Business Description

Other Exchanges LI4:Germany
Address 11 West 42nd Street, Suite 22 B3, New York, NY, USA, 10036
Lindblad Expeditions Holdings Inc provides expedition cruising and adventure travel services. The company operates in two segments: Lindblad and Land Experiences, of which Lindblad generates the vast majority of its revenue. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. It operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions. Lindblad operates a fleet of twelve owned expedition ships and five seasonal charter vessels under the Lindblad brand.
65GF Score

Get the complete analysis for LIND

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$28.62
Price
$13.25
GF Value