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Remitly GlobalMEX:RELY 63 PB Ratio is 4.37 as of Jul. 14, 2026, which is 13% below its 10-year median of 5.02. GuruFocus rates MEX:RELY with a GF Score™ of 63/100 and a GF Value™ of MXN376.20 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,629 Software companies, Remitly Global ranks worse than 79.76% 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 (2026-07-14), Remitly Global's share price is MXN340.00. Remitly Global's Book Value per Share for the quarter that ended in Mar. 2026 was MXN77.80. Hence, Remitly Global's PB Ratio of today is 4.37.
Warning Sign:
Remitly Global Inc stock PB Ratio (=5.49) is close to 1-year high of 5.57.
The historical rank and industry rank for Remitly Global's PB Ratio or its related term are showing as below:
MEX:RELY'
s PB Ratio Range Over the Past 10 Years
Min: 2.9 Med: 5.02 Max: 13.5
Current: 5.49
During the past 7 years, Remitly Global's highest PB Ratio was 13.50. The lowest was 2.90. And the median was 5.02.
MEX:RELY's PB Ratio is ranked worse than 79.76% of 2629
companies
in the Software industry
Industry Median: 2.39
vs MEX:RELY: 5.49
During the past 12 months, Remitly Global's average Book Value Per Share Growth Rate was 21.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 14.20% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Remitly Global was 14.20% per year. The lowest was 4.30% per year. And the median was 9.25% per year.
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.
Remitly Global PB Ratio Related Terms
Remitly Global PB Ratio Historical Data
* Premium members only.
The historical data trend for Remitly Global'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, Remitly Global'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.
Remitly Global PB Ratio vs Software Industry
For the Software industry and Technology sector, Remitly Global's PB Ratio distribution charts can be found below:
* The bar in red indicates where Remitly Global'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.
Remitly Global's PB Ratio for today is calculated as follows:
* 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.
Remitly Global (MEX:RELY) has a PB Ratio of 4.37 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Remitly Global and its competitors. This is 13% below median its historical median of 5.02. Over the past decade, Remitly Global's PB Ratio has ranged from 2.90 to 13.50. According to the industry distribution chart, Remitly Global ranks #2097 out of 2629 companies in the Software industry, placing it in the top 79.8%.
Is Remitly Global's PB Ratio too high?
Remitly Global's current PB Ratio of 4.37 is 13% below median its 10-year median of 5.02. Over the past 10 years, this metric has ranged from a low of 2.90 to a high of 13.50. The Software industry median PB Ratio is 2.39. Remitly Global's value of 4.37 is 82.8% above this industry median. Based on the distribution chart, Remitly Global ranks #2097 out of 2629 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Remitly Global has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Remitly Global's PB Ratio compare to ZETA and WEX?
According to the Software industry distribution chart, Remitly Global ranks #2097 out of 2629 companies for PB Ratio. This places Remitly Global in the lower half of its industry. The industry median PB Ratio is 2.39. Remitly Global's value of 4.37 is 82.8% above this benchmark. Historically, Remitly Global's own PB Ratio has ranged from 2.90 to 13.50 over the past decade. While the company's 10-year median is 5.02 vs. the industry median of 2.39, Remitly Global 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. Remitly Global's current PB Ratio of 4.37 is 82.8% 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 Remitly Global 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. Remitly Global's current PB Ratio is 4.37, which is 13% below median its own 10-year median of 5.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Remitly Global stock overvalued right now?
Based on GuruFocus' analysis, Remitly Global (MEX:RELY) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN376.20, compared to a current price of MXN340.00 — trading 9.6% below its estimated fair value. The current PB Ratio is 4.37, which is 13% below median its 10-year median of 5.02 and 82.8% above the Software industry median of 2.39. Remitly Global's overall GF Score™ is 63/100 with 6 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 Remitly Global (MEX:RELY), the current PB Ratio is 4.37 as of Jul. 14, 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 Remitly Global (MEX:RELY) Overvalued in 2026?
Based on GuruFocus' analysis, Remitly Global stock appears to be undervalued.
The current stock price of MXN340.00 is trading 9.6% below its estimated GF Value™ of MXN376.20.
GuruFocus considers Remitly Global to be Modestly Undervalued.
Key valuation signals for MEX:RELY:
PB Ratio: 4.37 (13% below median its 10-year median of 5.02)
GF Value™: MXN376.20 vs. price of MXN340.00 (9.6% below fair value)
Industry Position: 82.8% above the Software median (#2097 of 2629)
No single metric tells the full story. See the MEX:RELY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated from transaction fees charged to customers, and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
63GF Score
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