Money ForwardMNYFF 65 PB Ratio is 5.62 as of Jun. 27, 2026, which is 45% below its 10-year median of 10.15. GuruFocus rates MNYFF with a GF Score™ of 65/100 and a GF Value™ of $57.71. The stock has 3 warning signs investors should review. Among 2,624 Software companies, Money Forward ranks worse than 77.32% 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), Money Forward's share price is $29.42. Money Forward's Book Value per Share for the quarter that ended in Nov. 2025 was $5.24. Hence, Money Forward's PB Ratio of today is 5.62.
The historical rank and industry rank for Money Forward's PB Ratio or its related term are showing as below:
MNYFF'
s PB Ratio Range Over the Past 10 Years
Min: 3.85 Med: 10.15 Max: 45.78
Current: 5.2
During the past 11 years, Money Forward's highest PB Ratio was 45.78. The lowest was 3.85. And the median was 10.15.
MNYFF's PB Ratio is ranked worse than 77.32% of 2624
companies
in the Software industry
Industry Median: 2.32
vs MNYFF: 5.20
During the past 12 months, Money Forward's average Book Value Per Share Growth Rate was 15.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 19.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 35.30% per year.
During the past 11 years, the highest 3-Year average Book Value Per Share Growth Rate of Money Forward was 107.50% per year. The lowest was -3.40% per year. And the median was 30.95% 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.
Money Forward PB Ratio Related Terms
Money Forward PB Ratio Historical Data
* Premium members only.
The historical data trend for Money Forward'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, Money Forward'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.
Money Forward PB Ratio vs Software Industry
For the Software industry and Technology sector, Money Forward's PB Ratio distribution charts can be found below:
* The bar in red indicates where Money Forward'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.
Money Forward'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.
Money Forward (MNYFF) has a PB Ratio of 5.62 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 Money Forward and its competitors. This is 45% below median its historical median of 10.15. Over the past decade, Money Forward's PB Ratio has ranged from 3.85 to 45.78. According to the industry distribution chart, Money Forward ranks #2029 out of 2624 companies in the Software industry, placing it in the top 77.3%.
Is Money Forward's PB Ratio too high?
Money Forward's current PB Ratio of 5.62 is 45% below median its 10-year median of 10.15. Over the past 10 years, this metric has ranged from a low of 3.85 to a high of 45.78. The Software industry median PB Ratio is 2.32. Money Forward's value of 5.62 is 142.2% above this industry median. Based on the distribution chart, Money Forward ranks #2029 out of 2624 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Money Forward has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Money Forward's PB Ratio compare to CRM and SHOP?
According to the Software industry distribution chart, Money Forward ranks #2029 out of 2624 companies for PB Ratio. This places Money Forward in the lower half of its industry. The industry median PB Ratio is 2.32. Money Forward's value of 5.62 is 142.2% above this benchmark. Historically, Money Forward's own PB Ratio has ranged from 3.85 to 45.78 over the past decade. While the company's 10-year median is 10.15 vs. the industry median of 2.32, Money Forward 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 2.32, 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. Money Forward's current PB Ratio of 5.62 is 142.2% 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 Money Forward 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. Money Forward's current PB Ratio is 5.62, which is 45% below median its own 10-year median of 10.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Money Forward stock overvalued right now?
Money Forward (MNYFF) has a current PB Ratio of 5.62. The stock's GF Value™ is $57.71, compared to a current price of $29.42 — trading 49% below its estimated fair value. The current PB Ratio is 5.62, which is 45% below median its 10-year median of 10.15 and 142.2% above the Software industry median of 2.32. Money Forward's overall GF Score™ is 65/100 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 Money Forward (MNYFF), the current PB Ratio is 5.62 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 Money Forward (MNYFF) Overvalued in 2026?
Based on GuruFocus' analysis, Money Forward stock appears to be undervalued.
The current stock price of $29.42 is trading 49% below its estimated GF Value™ of $57.71.
Key valuation signals for MNYFF:
PB Ratio: 5.62 (45% below median its 10-year median of 10.15)
GF Value™: $57.71 vs. price of $29.42 (49% below fair value)
Industry Position: 142.2% above the Software median (#2029 of 2624)
No single metric tells the full story. See the MNYFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Money Forward Inc provides money-related services for individuals and corporations. Its service portfolio comprises personal financial management services and MF cloud services. Its personal financial management services include economic media that conveys money related themes, automatic savings app and mirai talk channel where customers can resolve their financial concerns together directly with financial planners. Its MF Cloud services comprise cloud accounting software, cloud-based tax return, invoice preparation software, payroll calculation, and cloud-based payment reconciliation.
65GF Score
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