Nowonomics ABNGM:NOWO 61 PB Ratio is 48.73 as of Jun. 24, 2026, which is 389% above its 10-year median of 9.97. GuruFocus rates NGM:NOWO with a GF Score™ of 61/100 and a GF Value™ of kr5.14 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,624 Software companies, Nowonomics AB ranks worse than 98.63% 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), Nowonomics AB's share price is kr5.75. Nowonomics AB's Book Value per Share for the quarter that ended in Mar. 2026 was kr0.12. Hence, Nowonomics AB's PB Ratio of today is 48.73.
Warning Sign:
Nowonomics AB stock PB Ratio (=51.27) is close to 3-year high of 52.54.
The historical rank and industry rank for Nowonomics AB's PB Ratio or its related term are showing as below:
NGM:NOWO'
s PB Ratio Range Over the Past 10 Years
Min: 2.8 Med: 9.97 Max: 1205.26
Current: 48.73
During the past 7 years, Nowonomics AB's highest PB Ratio was 1205.26. The lowest was 2.80. And the median was 9.97.
NGM:NOWO's PB Ratio is ranked worse than 98.63% of 2624
companies
in the Software industry
Industry Median: 2.37
vs NGM:NOWO: 48.73
During the past 12 months, Nowonomics AB's average Book Value Per Share Growth Rate was -79.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -44.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.40% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Nowonomics AB was 204.90% per year. The lowest was -44.70% per year. And the median was 89.15% 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.
Nowonomics AB PB Ratio Related Terms
Nowonomics AB PB Ratio Historical Data
* Premium members only.
The historical data trend for Nowonomics AB'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, Nowonomics AB'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.
Nowonomics AB PB Ratio vs Software Industry
For the Software industry and Technology sector, Nowonomics AB's PB Ratio distribution charts can be found below:
* The bar in red indicates where Nowonomics AB'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.
Nowonomics AB'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.
Nowonomics AB (NGM:NOWO) has a PB Ratio of 48.73 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 Nowonomics AB and its competitors. This is 389% above median its historical median of 9.97. Over the past decade, Nowonomics AB's PB Ratio has ranged from 2.80 to 1,205.26. According to the industry distribution chart, Nowonomics AB ranks #2588 out of 2624 companies in the Software industry, placing it in the top 98.6%.
Is Nowonomics AB's PB Ratio too high?
Nowonomics AB's current PB Ratio of 48.73 is 389% above median its 10-year median of 9.97. Over the past 10 years, this metric has ranged from a low of 2.80 to a high of 1,205.26. The Software industry median PB Ratio is 2.37. Nowonomics AB's value of 48.73 is 1956.1% above this industry median. Based on the distribution chart, Nowonomics AB ranks #2588 out of 2624 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Nowonomics AB has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nowonomics AB's PB Ratio compare to CRM and SHOP?
According to the Software industry distribution chart, Nowonomics AB ranks #2588 out of 2624 companies for PB Ratio. This places Nowonomics AB in the lower half of its industry. The industry median PB Ratio is 2.37. Nowonomics AB's value of 48.73 is 1956.1% above this benchmark. Historically, Nowonomics AB's own PB Ratio has ranged from 2.80 to 1,205.26 over the past decade. While the company's 10-year median is 9.97 vs. the industry median of 2.37, Nowonomics AB 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 2.37, 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. Nowonomics AB's current PB Ratio of 48.73 is 1956.1% 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 Nowonomics AB and its competitors. For the Software industry, the median PB Ratio is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nowonomics AB's current PB Ratio is 48.73, which is 389% above median its own 10-year median of 9.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nowonomics AB stock overvalued right now?
Based on GuruFocus' analysis, Nowonomics AB (NGM:NOWO) is currently considered Modestly Overvalued. The stock's GF Value™ is kr5.14, compared to a current price of kr5.75 — trading 11.9% above its estimated fair value. The current PB Ratio is 48.73, which is 389% above median its 10-year median of 9.97 and 1956.1% above the Software industry median of 2.37. Nowonomics AB's overall GF Score™ is 61/100 with 5 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 Nowonomics AB (NGM:NOWO), the current PB Ratio is 48.73 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 Nowonomics AB (NGM:NOWO) Overvalued in 2026?
Based on GuruFocus' analysis, Nowonomics AB stock appears to be overvalued.
The current stock price of kr5.75 is trading 11.9% above its estimated GF Value™ of kr5.14.
GuruFocus considers Nowonomics AB to be Modestly Overvalued.
Key valuation signals for NGM:NOWO:
PB Ratio: 48.73 (389% above median its 10-year median of 9.97)
GF Value™: kr5.14 vs. price of kr5.75 (11.9% above fair value)
Industry Position: 1956.1% above the Software median (#2588 of 2624)
No single metric tells the full story. See the NGM:NOWO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nowonomics AB is a savings platform whose purpose is to help the user to manage the personal finances. It aims to promote savings before retirement and therefore develops its own tools and solutions together with partners to simplify, educate and help members to have a accessible financial solutions.
61GF Score
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