Metalpha Technology HoldingMATH +0.71%42 PB Ratio is 1.17 as of Jul. 12, 2026, which is 47% below its 10-year median of 2.19. GuruFocus rates MATH with a GF Score™ of 42/100 and a GF Value™ of $2.30 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 779 Capital Markets companies, Metalpha Technology Holding ranks better than 57.12% on this metric.
The historical rank and industry rank for Metalpha Technology Holding's PB Ratio or its related term are showing as below:
MATH'
s PB Ratio Range Over the Past 10 Years
Min: 0.83 Med: 2.19 Max: 52.78
Current: 1.17
During the past 11 years, Metalpha Technology Holding's highest PB Ratio was 52.78. The lowest was 0.83. And the median was 2.19.
MATH's PB Ratio is ranked better than 57.12% of 779
companies
in the Capital Markets industry
Industry Median: 1.36
vs MATH: 1.17
During the past 12 months, Metalpha Technology Holding's average Book Value Per Share Growth Rate was 28.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 19.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.40% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Metalpha Technology Holding was 90.10% per year. The lowest was -26.30% per year. And the median was -10.70% per year.
Back to Basics: PB Ratio
Metalpha Technology Holding (NAS:MATH) 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.
Metalpha Technology Holding PB Ratio Related Terms
Metalpha Technology Holding PB Ratio Historical Data
* 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 Capital Markets subindustry, Metalpha Technology Holding'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.
Metalpha Technology Holding PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Metalpha Technology Holding's PB Ratio distribution charts can be found below:
* The bar in red indicates where Metalpha Technology Holding'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.
Metalpha Technology Holding (MATH) has a PB Ratio of 1.17 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 Metalpha Technology Holding and its competitors. This is 47% below median its historical median of 2.19. Over the past decade, Metalpha Technology Holding's PB Ratio has ranged from 0.83 to 52.78. According to the industry distribution chart, Metalpha Technology Holding ranks #334 out of 779 companies in the Capital Markets industry, placing it in the top 42.9%.
Is Metalpha Technology Holding's PB Ratio too high?
Metalpha Technology Holding's current PB Ratio of 1.17 is 47% below median its 10-year median of 2.19. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 52.78. The Capital Markets industry median PB Ratio is 1.36. Metalpha Technology Holding's value of 1.17 is 14% below this industry median. Based on the distribution chart, Metalpha Technology Holding ranks #334 out of 779 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Metalpha Technology Holding has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Metalpha Technology Holding's PB Ratio compare to HGBL and GSIW?
According to the Capital Markets industry distribution chart, Metalpha Technology Holding ranks #334 out of 779 companies for PB Ratio. This puts Metalpha Technology Holding in the upper half of its industry. The industry median PB Ratio is 1.36. Metalpha Technology Holding's value of 1.17 is 14% below this benchmark. Historically, Metalpha Technology Holding's own PB Ratio has ranged from 0.83 to 52.78 over the past decade. While the company's 10-year median is 2.19 vs. the industry median of 1.36, Metalpha Technology Holding 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 Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.36, based on 779 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. Metalpha Technology Holding's current PB Ratio of 1.17 is 14% 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 Metalpha Technology Holding and its competitors. For the Capital Markets industry, the median PB Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metalpha Technology Holding's current PB Ratio is 1.17, which is 47% below median its own 10-year median of 2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metalpha Technology Holding stock overvalued right now?
Based on GuruFocus' analysis, Metalpha Technology Holding (MATH) is currently considered Possible Value Trap. The stock's GF Value™ is $2.30, compared to a current price of $0.99 — trading 56.9% below its estimated fair value. The current PB Ratio is 1.17, which is 47% below median its 10-year median of 2.19 and 14% below the Capital Markets industry median of 1.36. Metalpha Technology Holding's overall GF Score™ is 42/100 with 5 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 Metalpha Technology Holding (MATH), the current PB Ratio is 1.17 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 Metalpha Technology Holding (MATH) Overvalued in 2026?
Based on GuruFocus' analysis, Metalpha Technology Holding stock appears to be undervalued.
The current stock price of $0.99 is trading 56.9% below its estimated GF Value™ of $2.30.
GuruFocus considers Metalpha Technology Holding to be Possible Value Trap.
Key valuation signals for MATH:
PB Ratio: 1.17 (47% below median its 10-year median of 2.19)
GF Value™: $2.30 vs. price of $0.99 (56.9% below fair value)
Industry Position: 14% below the Capital Markets median (#334 of 779)
No single metric tells the full story. See the MATH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Metalpha Technology Holding Ltd is a digital asset focused wealth management company. The company predominantly generates revenue from the execution of cryptocurrency-related transactions, which includes the issuance of derivative products to over-the-counter (OTC) clients and its proprietary trading activities. It has partnered with a crypto exchange to provide crypto derivative market-making services for its clients, facilitating the trading of crypto derivative products. In addition, the company also engages in providing traditional financial derivative products, and asset management services. It operates in a single segment which is the trading of proprietary digital assets and derivative contracts, and generates majority of its revenue from Hong Kong.
42GF Score
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