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), Spindox SpA's share price is €12.95. Spindox SpA's Book Value per Share for the quarter that ended in Jun. 2025 was €3.14. Hence, Spindox SpA's PB Ratio of today is 4.13.
Warning Sign:
Spindox SpA stock PB Ratio (=4.13) is close to 3-year high of 4.4.
The historical rank and industry rank for Spindox SpA's PB Ratio or its related term are showing as below:
MIL:SPN'
s PB Ratio Range Over the Past 10 Years
Min: 2.84 Med: 3.99 Max: 25.22
Current: 4.13
During the past 6 years, Spindox SpA's highest PB Ratio was 25.22. The lowest was 2.84. And the median was 3.99.
MIL:SPN's PB Ratio is not ranked
in the Software industry.
Industry Median: 2.36
vs MIL:SPN: 4.13
During the past 12 months, Spindox SpA's average Book Value Per Share Growth Rate was 8.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 48.70% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Spindox SpA was 88.20% per year. The lowest was 8.90% per year. And the median was 47.40% 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.
Spindox SpA PB Ratio Related Terms
Spindox SpA PB Ratio Historical Data
* Premium members only.
The historical data trend for Spindox SpA'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 Information Technology Services subindustry, Spindox SpA'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.
Spindox SpA PB Ratio vs Software Industry
For the Software industry and Technology sector, Spindox SpA's PB Ratio distribution charts can be found below:
* The bar in red indicates where Spindox SpA'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.
Spindox SpA'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.
Spindox SpA (MIL:SPN) has a PB Ratio of 4.13 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Spindox SpA and its competitors. This is near median its historical median of 3.99. Over the past decade, Spindox SpA's PB Ratio has ranged from 2.84 to 25.22.
Is Spindox SpA's PB Ratio too high?
Spindox SpA's current PB Ratio of 4.13 is near median its 10-year median of 3.99. Over the past 10 years, this metric has ranged from a low of 2.84 to a high of 25.22. The Software industry median PB Ratio is 2.36. Spindox SpA's value of 4.13 is 75% above this industry median. Overall, Spindox SpA has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Spindox SpA's PB Ratio compare to IBM and ACN?
Spindox SpA's PB Ratio of 4.13 can be compared against companies in the Software industry. The industry median PB Ratio is 2.36. Spindox SpA's value of 4.13 is 75% above this benchmark. Historically, Spindox SpA's own PB Ratio has ranged from 2.84 to 25.22 over the past decade. While the company's 10-year median is 3.99 vs. the industry median of 2.36, Spindox SpA 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 2.36, based on 2,625 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. Spindox SpA's current PB Ratio of 4.13 is 75% 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 Spindox SpA and its competitors. For the Software industry, the median PB Ratio is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spindox SpA's current PB Ratio is 4.13, which is near median its own 10-year median of 3.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spindox SpA stock overvalued right now?
Spindox SpA (MIL:SPN) has a current PB Ratio of 4.13. The stock's GF Value™ is €10.82, compared to a current price of €12.95 — trading 19.7% above its estimated fair value. The current PB Ratio is 4.13, which is near median its 10-year median of 3.99 and 75% above the Software industry median of 2.36. Spindox SpA's overall GF Score™ is 57/100 with 8 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 Spindox SpA (MIL:SPN), the current PB Ratio is 4.13 as of Jun. 25, 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 Spindox SpA (MIL:SPN) Overvalued in 2026?
Based on GuruFocus' analysis, Spindox SpA stock appears to be overvalued.
The current stock price of €12.95 is trading 19.7% above its estimated GF Value™ of €10.82.
Key valuation signals for MIL:SPN:
PB Ratio: 4.13 (near median its 10-year median of 3.99)
GF Value™: €10.82 vs. price of €12.95 (19.7% above fair value)
No single metric tells the full story. See the MIL:SPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spindox SpA operates in the Information and Communication Technology services and products market. It offers consulting, IT and network engineering services, AI technological solutions, and research support in the Italian market.
57GF Score
Get the complete analysis for MIL:SPN
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:SPN has been successfully added to your 
