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Pallas AirOHEL:PALLAS 44 PB Ratio is 0.04 as of Jul. 16, 2026, which is 91% below its 10-year median of 0.44. GuruFocus rates OHEL:PALLAS with a GF Score™ of 44/100 and a GF Value™ of €1.09 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 2,419 Hardware companies, Pallas Air ranks better than 99.83% 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 (2026-07-16), Pallas Air's share price is €0.54. Pallas Air's Book Value per Share for the quarter that ended in Dec. 2025 was €13.56. Hence, Pallas Air's PB Ratio of today is 0.04.
The historical rank and industry rank for Pallas Air's PB Ratio or its related term are showing as below:
OHEL:PALLAS'
s PB Ratio Range Over the Past 10 Years
Min: 0.03 Med: 0.44 Max: 4.3
Current: 0.04
During the past 6 years, Pallas Air's highest PB Ratio was 4.30. The lowest was 0.03. And the median was 0.44.
OHEL:PALLAS's PB Ratio is ranked better than 99.83% of 2419
companies
in the Hardware industry
Industry Median: 2.31
vs OHEL:PALLAS: 0.04
During the past 3 years, the average Book Value Per Share Growth Rate was -12.90% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of Pallas Air was -0.10% per year. The lowest was -12.90% per year. And the median was -6.50% 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.
Pallas Air PB Ratio Related Terms
Pallas Air PB Ratio Historical Data
* Premium members only.
The historical data trend for Pallas Air'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 Consumer Electronics subindustry, Pallas Air'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.
Pallas Air PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Pallas Air's PB Ratio distribution charts can be found below:
* The bar in red indicates where Pallas Air'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.
Pallas Air'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.
Pallas Air (OHEL:PALLAS) has a PB Ratio of 0.04 as of Jul. 16, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Pallas Air and its competitors. This is 91% below median its historical median of 0.44. Over the past decade, Pallas Air's PB Ratio has ranged from 0.03 to 4.30. According to the industry distribution chart, Pallas Air ranks #4 out of 2419 companies in the Hardware industry, placing it in the top 0.2%.
Is Pallas Air's PB Ratio too high?
Pallas Air's current PB Ratio of 0.04 is 91% below median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 4.30. The Hardware industry median PB Ratio is 2.31. Pallas Air's value of 0.04 is 98.3% below this industry median. Based on the distribution chart, Pallas Air ranks #4 out of 2419 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Pallas Air has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Pallas Air's PB Ratio compare to AAPL?
According to the Hardware industry distribution chart, Pallas Air ranks #4 out of 2419 companies for PB Ratio. This places Pallas Air in the top 0% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.31. Pallas Air's value of 0.04 is 98.3% below this benchmark. Historically, Pallas Air's own PB Ratio has ranged from 0.03 to 4.30 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 2.31, Pallas Air 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 2.31, based on 2,419 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. Pallas Air's current PB Ratio of 0.04 is 98.3% 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 Pallas Air and its competitors. For the Hardware industry, the median PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pallas Air's current PB Ratio is 0.04, which is 91% below median its own 10-year median of 0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pallas Air stock overvalued right now?
Based on GuruFocus' analysis, Pallas Air (OHEL:PALLAS) is currently considered Possible Value Trap. The stock's GF Value™ is €1.09, compared to a current price of €0.54 — trading 50.5% below its estimated fair value. The current PB Ratio is 0.04, which is 91% below median its 10-year median of 0.44 and 98.3% below the Hardware industry median of 2.31. Pallas Air's overall GF Score™ is 44/100 with 9 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 Pallas Air (OHEL:PALLAS), the current PB Ratio is 0.04 as of Jul. 16, 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 Pallas Air (OHEL:PALLAS) Overvalued in 2026?
Based on GuruFocus' analysis, Pallas Air stock appears to be undervalued.
The current stock price of €0.54 is trading 50.5% below its estimated GF Value™ of €1.09.
GuruFocus considers Pallas Air to be Possible Value Trap.
Key valuation signals for OHEL:PALLAS:
PB Ratio: 0.04 (91% below median its 10-year median of 0.44)
GF Value™: €1.09 vs. price of €0.54 (50.5% below fair value)
Industry Position: 98.3% below the Hardware median (#4 of 2419)
No single metric tells the full story. See the OHEL:PALLAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pallas Air PLC is a Finnish technology company offering clean breathing air solutions. It is engaged in the development and manufacturing of various types of products that enable cleaner and healthier breathing air. The company's business is divided into three primary areas: air purifiers, respirators and surgical mouthguards, and ventilation hygiene products.
44GF Score
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