BILL HoldingsMIL:1BILL 52 PB Ratio is 0.96 as of Jun. 27, 2026, which is 66% below its 10-year median of 2.85. GuruFocus rates MIL:1BILL with a GF Score™ of 52/100 and a GF Value™ of €58.93 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,624 Software companies, BILL Holdings ranks better than 85.29% 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 (2026-06-27), BILL Holdings's share price is €31.70. BILL Holdings's Book Value per Share for the quarter that ended in Mar. 2026 was €33.03. Hence, BILL Holdings's PB Ratio of today is 0.96.
Good Sign:
BILL Holdings Inc stock PB Ratio (=0.93) is close to 10-year low of 0.85.
The historical rank and industry rank for BILL Holdings's PB Ratio or its related term are showing as below:
MIL:1BILL'
s PB Ratio Range Over the Past 10 Years
Min: 0.85 Med: 2.85 Max: 18.09
Current: 0.93
During the past 8 years, BILL Holdings's highest PB Ratio was 18.09. The lowest was 0.85. And the median was 2.85.
MIL:1BILL's PB Ratio is ranked better than 85.29% of 2624
companies
in the Software industry
Industry Median: 2.32
vs MIL:1BILL: 0.93
During the past 12 months, BILL Holdings's average Book Value Per Share Growth Rate was 1.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -0.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 26.90% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of BILL Holdings was 62.60% per year. The lowest was -0.50% per year. And the median was 13.10% 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.
BILL Holdings PB Ratio Related Terms
BILL Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for BILL 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.
For the Software - Application subindustry, BILL 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.
BILL Holdings PB Ratio vs Software Industry
For the Software industry and Technology sector, BILL Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where BILL Holdings'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.
BILL Holdings'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.
BILL Holdings (MIL:1BILL) has a PB Ratio of 0.96 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on BILL Holdings and its competitors. This is 66% below median its historical median of 2.85. Over the past decade, BILL Holdings' PB Ratio has ranged from 0.85 to 18.09. According to the industry distribution chart, BILL Holdings ranks #386 out of 2624 companies in the Software industry, placing it in the top 14.7%.
Is BILL Holdings' PB Ratio too high?
BILL Holdings' current PB Ratio of 0.96 is 66% below median its 10-year median of 2.85. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 18.09. The Software industry median PB Ratio is 2.32. BILL Holdings' value of 0.96 is 58.6% below this industry median. Based on the distribution chart, BILL Holdings ranks #386 out of 2624 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, BILL Holdings has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BILL Holdings' PB Ratio compare to KC and RNG?
According to the Software industry distribution chart, BILL Holdings ranks #386 out of 2624 companies for PB Ratio. This places BILL Holdings in the top 15% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.32. BILL Holdings' value of 0.96 is 58.6% below this benchmark. Historically, BILL Holdings' own PB Ratio has ranged from 0.85 to 18.09 over the past decade. While the company's 10-year median is 2.85 vs. the industry median of 2.32, BILL Holdings 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 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. BILL Holdings's current PB Ratio of 0.96 is 58.6% 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 BILL Holdings 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. BILL Holdings's current PB Ratio is 0.96, which is 66% below median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BILL Holdings stock overvalued right now?
Based on GuruFocus' analysis, BILL Holdings (MIL:1BILL) is currently considered Possible Value Trap. The stock's GF Value™ is €58.93, compared to a current price of €31.70 — trading 46.2% below its estimated fair value. The current PB Ratio is 0.96, which is 66% below median its 10-year median of 2.85 and 58.6% below the Software industry median of 2.32. BILL Holdings' overall GF Score™ is 52/100 with 3 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 BILL Holdings (MIL:1BILL), the current PB Ratio is 0.96 as of Jun. 27, 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 BILL Holdings (MIL:1BILL) Overvalued in 2026?
Based on GuruFocus' analysis, BILL Holdings stock appears to be undervalued.
The current stock price of €31.70 is trading 46.2% below its estimated GF Value™ of €58.93.
GuruFocus considers BILL Holdings to be Possible Value Trap.
Key valuation signals for MIL:1BILL:
PB Ratio: 0.96 (66% below median its 10-year median of 2.85)
GF Value™: €58.93 vs. price of €31.70 (46.2% below fair value)
Industry Position: 58.6% below the Software median (#386 of 2624)
No single metric tells the full story. See the MIL:1BILL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BILL Holdings Inc is a provider of software-as-a-service, cloud-based payments and spend and expense management products, which allow users to automate accounts payable and accounts receivable transactions, enable businesses to easily connect with their suppliers or customers to do business, eliminate expense reports, manage cash flows and improve back office efficiency. Initial Public Offering and Follow-on Offering.
52GF Score
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