MIND TechnologyMIND -2.97%50 PB Ratio is 1.07 as of Jun. 24, 2026, which is 13% below its 10-year median of 1.23. GuruFocus rates MIND with a GF Score™ of 50/100 and a GF Value™ of $1.41 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,413 Hardware companies, MIND Technology ranks better than 77.46% 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 (2026-06-24), MIND Technology's share price is $4.90. MIND Technology's Book Value per Share for the quarter that ended in Apr. 2026 was $4.57. Hence, MIND Technology's PB Ratio of today is 1.07.
Good Sign:
MIND Technology Inc stock PB Ratio (=1.11) is close to 5-year low of 1.11.
The historical rank and industry rank for MIND Technology's PB Ratio or its related term are showing as below:
MIND'
s PB Ratio Range Over the Past 10 Years
Min: 0.36 Med: 1.23 Max: 10.79
Current: 1.07
During the past 13 years, MIND Technology's highest PB Ratio was 10.79. The lowest was 0.36. And the median was 1.23.
MIND's PB Ratio is ranked better than 77.46% of 2413
companies
in the Hardware industry
Industry Median: 2.42
vs MIND: 1.07
During the past 12 months, MIND Technology's average Book Value Per Share Growth Rate was 36.70% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of MIND Technology was 59.00% per year. The lowest was -50.90% per year. And the median was 3.30% 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.
MIND Technology PB Ratio Related Terms
MIND Technology PB Ratio Historical Data
* Premium members only.
The historical data trend for MIND Technology'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 Scientific & Technical Instruments subindustry, MIND Technology'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.
MIND Technology PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, MIND Technology's PB Ratio distribution charts can be found below:
* The bar in red indicates where MIND Technology'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.
MIND Technology'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.
MIND Technology (MIND) has a PB Ratio of 1.07 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on MIND Technology and its competitors. This is 13% below median its historical median of 1.23. Over the past decade, MIND Technology's PB Ratio has ranged from 0.36 to 10.79. According to the industry distribution chart, MIND Technology ranks #544 out of 2413 companies in the Hardware industry, placing it in the top 22.5%.
Is MIND Technology's PB Ratio too high?
MIND Technology's current PB Ratio of 1.07 is 13% below median its 10-year median of 1.23. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 10.79. The Hardware industry median PB Ratio is 2.42. MIND Technology's value of 1.07 is 55.8% below this industry median. Based on the distribution chart, MIND Technology ranks #544 out of 2413 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, MIND Technology has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MIND Technology's PB Ratio compare to WRAP and LGL?
According to the Hardware industry distribution chart, MIND Technology ranks #544 out of 2413 companies for PB Ratio. This places MIND Technology in the top 23% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.42. MIND Technology's value of 1.07 is 55.8% below this benchmark. Historically, MIND Technology's own PB Ratio has ranged from 0.36 to 10.79 over the past decade. While the company's 10-year median is 1.23 vs. the industry median of 2.42, MIND Technology 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 Hardware company?
The median PB Ratio among Hardware companies is 2.42, based on 2,413 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. MIND Technology's current PB Ratio of 1.07 is 55.8% 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 MIND Technology and its competitors. For the Hardware industry, the median PB Ratio is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIND Technology's current PB Ratio is 1.07, which is 13% below median its own 10-year median of 1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIND Technology stock overvalued right now?
Based on GuruFocus' analysis, MIND Technology (MIND) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.41, compared to a current price of $4.90 — trading 247.5% above its estimated fair value. The current PB Ratio is 1.07, which is 13% below median its 10-year median of 1.23 and 55.8% below the Hardware industry median of 2.42. MIND Technology's overall GF Score™ is 50/100 with 4 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 MIND Technology (MIND), the current PB Ratio is 1.07 as of Jun. 24, 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 MIND Technology (MIND) Overvalued in 2026?
Based on GuruFocus' analysis, MIND Technology stock appears to be overvalued.
The current stock price of $4.90 is trading 247.5% above its estimated GF Value™ of $1.41.
GuruFocus considers MIND Technology to be Significantly Overvalued.
Key valuation signals for MIND:
PB Ratio: 1.07 (13% below median its 10-year median of 1.23)
GF Value™: $1.41 vs. price of $4.90 (247.5% above fair value)
Industry Position: 55.8% below the Hardware median (#544 of 2413)
No single metric tells the full story. See the MIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic, and security industries. The company operates in single segment namely, Seamap which provides services and products, including engineering, repairs and software licensing, utilized in marine exploration, marine survey and maritime security for marine survey companies, seismic survey contractors, research institutes, non-military government organizations and operators of port facilities and other offshore installations. The company generates more revenue from Seamap Marine Products. The company's geographical segments include the United States; China, Norway; Turkey; Singapore; and Canada & Other.
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