Mesa LaboratoriesMLAB +3.92%77 PB Ratio is 2.91 as of Jun. 26, 2026, which is 26% below its 10-year median of 3.94. GuruFocus rates MLAB with a GF Score™ of 77/100 and a GF Value™ of $116.05 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,413 Hardware companies, Mesa Laboratories ranks worse than 56.82% on this metric.
The historical rank and industry rank for Mesa Laboratories's PB Ratio or its related term are showing as below:
MLAB'
s PB Ratio Range Over the Past 10 Years
Min: 1.18 Med: 3.94 Max: 8.95
Current: 2.91
During the past 13 years, Mesa Laboratories's highest PB Ratio was 8.95. The lowest was 1.18. And the median was 3.94.
MLAB's PB Ratio is ranked worse than 56.82% of 2413
companies
in the Hardware industry
Industry Median: 2.4
vs MLAB: 2.91
During the past 12 months, Mesa Laboratories's average Book Value Per Share Growth Rate was 15.10% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -22.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -20.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 4.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mesa Laboratories was 44.60% per year. The lowest was -30.10% per year. And the median was 14.40% 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.
Mesa Laboratories PB Ratio Related Terms
Mesa Laboratories PB Ratio Historical Data
* Premium members only.
The historical data trend for Mesa Laboratories'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, Mesa Laboratories'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.
Mesa Laboratories PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Mesa Laboratories's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mesa Laboratories'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.
Mesa Laboratories (MLAB) has a PB Ratio of 2.91 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mesa Laboratories and its competitors. This is 26% below median its historical median of 3.94. Over the past decade, Mesa Laboratories' PB Ratio has ranged from 1.18 to 8.95. According to the industry distribution chart, Mesa Laboratories ranks #1371 out of 2413 companies in the Hardware industry, placing it in the top 56.8%.
Is Mesa Laboratories' PB Ratio too high?
Mesa Laboratories' current PB Ratio of 2.91 is 26% below median its 10-year median of 3.94. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 8.95. The Hardware industry median PB Ratio is 2.40. Mesa Laboratories' value of 2.91 is 21.3% above this industry median. Based on the distribution chart, Mesa Laboratories ranks #1371 out of 2413 companies in the Hardware industry, which is below the industry midpoint. Overall, Mesa Laboratories has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mesa Laboratories' PB Ratio compare to AERG and MVIS?
According to the Hardware industry distribution chart, Mesa Laboratories ranks #1371 out of 2413 companies for PB Ratio. This places Mesa Laboratories in the lower half of its industry. The industry median PB Ratio is 2.40. Mesa Laboratories' value of 2.91 is 21.3% above this benchmark. Historically, Mesa Laboratories' own PB Ratio has ranged from 1.18 to 8.95 over the past decade. While the company's 10-year median is 3.94 vs. the industry median of 2.40, Mesa Laboratories 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 Hardware company?
The median PB Ratio among Hardware companies is 2.40, 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. Mesa Laboratories's current PB Ratio of 2.91 is 21.3% 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 Mesa Laboratories and its competitors. For the Hardware industry, the median PB Ratio is 2.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mesa Laboratories's current PB Ratio is 2.91, which is 26% below median its own 10-year median of 3.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mesa Laboratories stock overvalued right now?
Based on GuruFocus' analysis, Mesa Laboratories (MLAB) is currently considered Modestly Undervalued. The stock's GF Value™ is $116.05, compared to a current price of $98.18 — trading 15.4% below its estimated fair value. The current PB Ratio is 2.91, which is 26% below median its 10-year median of 3.94 and 21.3% above the Hardware industry median of 2.40. Mesa Laboratories' overall GF Score™ is 77/100 with 7 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 Mesa Laboratories (MLAB), the current PB Ratio is 2.91 as of Jun. 26, 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 Mesa Laboratories (MLAB) Overvalued in 2026?
Based on GuruFocus' analysis, Mesa Laboratories stock appears to be undervalued.
The current stock price of $98.18 is trading 15.4% below its estimated GF Value™ of $116.05.
GuruFocus considers Mesa Laboratories to be Modestly Undervalued.
Key valuation signals for MLAB:
PB Ratio: 2.91 (26% below median its 10-year median of 3.94)
GF Value™: $116.05 vs. price of $98.18 (15.4% below fair value)
Industry Position: 21.3% above the Hardware median (#1371 of 2413)
No single metric tells the full story. See the MLAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mesa Laboratories Inc manufactures life sciences tools and critical quality control solutions. It operates in four divisions: i) Sterilization and Disinfection Control, which manufactures and sells biological, chemical, and cleaning indicators used to assess the effectiveness of sterilization, decontamination, disinfection, and cleaning processes. ii) Clinical Genomics division develops, manufactures, and sells sensitive, low-cost, high-throughput genetic analysis tools and related consumables. iii) The Biopharmaceutical Development division develops, manufactures, and sells automated systems for protein analysis (immunoassays) and peptide synthesis solutions. iv) The Calibration Solutions division develops, manufactures, sells, and services quality control products.
77GF Score
Get the complete analysis for MLAB
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
MLAB has been successfully added to your 
