poLight ASAOSTO:PLTO 43 PB Ratio is 3.97 as of Jun. 29, 2026, which is 2% below its 10-year median of 4.06. GuruFocus rates OSTO:PLTO with a GF Score™ of 43/100 and a GF Value™ of kr2.51. The stock has 4 warning signs investors should review. Among 2,417 Hardware companies, poLight ASA ranks worse than 81.8% 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 (2026-06-29), poLight ASA's share price is kr5.98132. poLight ASA's Book Value per Share for the quarter that ended in Mar. 2026 was kr1.51. Hence, poLight ASA's PB Ratio of today is 3.97.
Warning Sign:
poLight ASA stock PB Ratio (=6.7) is close to 2-year high of 7.1.
The historical rank and industry rank for poLight ASA's PB Ratio or its related term are showing as below:
OSTO:PLTo'
s PB Ratio Range Over the Past 10 Years
Min: 0.34 Med: 4.06 Max: 17.79
Current: 6.7
During the past 12 years, poLight ASA's highest PB Ratio was 17.79. The lowest was 0.34. And the median was 4.06.
OSTO:PLTo's PB Ratio is ranked worse than 81.8% of 2417
companies
in the Hardware industry
Industry Median: 2.34
vs OSTO:PLTo: 6.70
During the past 12 months, poLight ASA's average Book Value Per Share Growth Rate was 40.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -11.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -9.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -21.20% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of poLight ASA was 4.30% per year. The lowest was -53.20% per year. And the median was -15.00% 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.
poLight ASA PB Ratio Related Terms
poLight ASA PB Ratio Historical Data
* Premium members only.
The historical data trend for poLight ASA'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 Electronic Components subindustry, poLight ASA'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.
poLight ASA PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, poLight ASA's PB Ratio distribution charts can be found below:
* The bar in red indicates where poLight ASA'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.
poLight ASA'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.
poLight ASA (OSTO:PLTO) has a PB Ratio of 3.97 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on poLight ASA and its competitors. This is near median its historical median of 4.06. Over the past decade, poLight ASA's PB Ratio has ranged from 0.34 to 17.79. According to the industry distribution chart, poLight ASA ranks #1977 out of 2417 companies in the Hardware industry, placing it in the top 81.8%.
Is poLight ASA's PB Ratio too high?
poLight ASA's current PB Ratio of 3.97 is near median its 10-year median of 4.06. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 17.79. The Hardware industry median PB Ratio is 2.34. poLight ASA's value of 3.97 is 69.7% above this industry median. Based on the distribution chart, poLight ASA ranks #1977 out of 2417 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, poLight ASA has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does poLight ASA's PB Ratio compare to APH and GLW?
According to the Hardware industry distribution chart, poLight ASA ranks #1977 out of 2417 companies for PB Ratio. This places poLight ASA in the lower half of its industry. The industry median PB Ratio is 2.34. poLight ASA's value of 3.97 is 69.7% above this benchmark. Historically, poLight ASA's own PB Ratio has ranged from 0.34 to 17.79 over the past decade. While the company's 10-year median is 4.06 vs. the industry median of 2.34, poLight ASA 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 2.34, based on 2,417 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. poLight ASA's current PB Ratio of 3.97 is 69.7% 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 poLight ASA and its competitors. For the Hardware industry, the median PB Ratio is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. poLight ASA's current PB Ratio is 3.97, which is near median its own 10-year median of 4.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is poLight ASA stock overvalued right now?
poLight ASA (OSTO:PLTO) has a current PB Ratio of 3.97. The stock's GF Value™ is kr2.51, compared to a current price of kr5.98 — trading 138.3% above its estimated fair value. The current PB Ratio is 3.97, which is near median its 10-year median of 4.06 and 69.7% above the Hardware industry median of 2.34. poLight ASA's overall GF Score™ is 43/100 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 poLight ASA (OSTO:PLTO), the current PB Ratio is 3.97 as of Jun. 29, 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 poLight ASA (OSTO:PLTO) Overvalued in 2026?
Based on GuruFocus' analysis, poLight ASA stock appears to be overvalued.
The current stock price of kr5.98 is trading 138.3% above its estimated GF Value™ of kr2.51.
Key valuation signals for OSTO:PLTO:
PB Ratio: 3.97 (near median its 10-year median of 4.06)
GF Value™: kr2.51 vs. price of kr5.98 (138.3% above fair value)
Industry Position: 69.7% above the Hardware median (#1977 of 2417)
No single metric tells the full story. See the OSTO:PLTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
poLight ASA provides photographic lenses used in cameras for smartphones, wearables such as watches and glasses, and industrial applications including medical and retail. The company specializes in optics, polymers, micro-electromechanical systems technology, and image application and processing. Its products include Driver ASIC and TLens. The Group has only one operating segment the TLens technology platform. Its geographical segments are the United States, Asia, and Europe.
43GF Score
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