Pony AIPONY -0.22%13 PB Ratio is 1.86 as of Jun. 26, 2026, which is 64% below its 10-year median of 5.15. GuruFocus rates PONY with a GF Score™ of 13/100. The stock has 2 warning signs investors should review. Among 2,624 Software companies, Pony AI ranks better than 60.21% 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 (2026-06-26), Pony AI's share price is $6.91. Pony AI's Book Value per Share for the quarter that ended in Mar. 2026 was $3.73. Hence, Pony AI's PB Ratio of today is 1.86.
Good Sign:
Pony AI Inc stock PB Ratio (=1.86) is close to 2-year low of 1.77.
The historical rank and industry rank for Pony AI's PB Ratio or its related term are showing as below:
PONY'
s PB Ratio Range Over the Past 10 Years
Min: 1.77 Med: 5.15 Max: 12.81
Current: 1.85
During the past 5 years, Pony AI's highest PB Ratio was 12.81. The lowest was 1.77. And the median was 5.15.
PONY's PB Ratio is ranked better than 60.21% of 2624
companies
in the Software industry
Industry Median: 2.32
vs PONY: 1.85
During the past 12 months, Pony AI's average Book Value Per Share Growth Rate was 47.10% 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.
Pony AI PB Ratio Related Terms
Pony AI PB Ratio Historical Data
* Premium members only.
The historical data trend for Pony AI'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 Information Technology Services subindustry, Pony AI'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.
Pony AI PB Ratio vs Software Industry
For the Software industry and Technology sector, Pony AI's PB Ratio distribution charts can be found below:
* The bar in red indicates where Pony AI'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.
Pony AI'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.
Pony AI (PONY) has a PB Ratio of 1.86 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 Pony AI and its competitors. This is 64% below median its historical median of 5.15. Over the past decade, Pony AI's PB Ratio has ranged from 1.77 to 12.81. According to the industry distribution chart, Pony AI ranks #1044 out of 2624 companies in the Software industry, placing it in the top 39.8%.
Is Pony AI's PB Ratio too high?
Pony AI's current PB Ratio of 1.86 is 64% below median its 10-year median of 5.15. Over the past 10 years, this metric has ranged from a low of 1.77 to a high of 12.81. The Software industry median PB Ratio is 2.32. Pony AI's value of 1.86 is 19.8% below this industry median. Based on the distribution chart, Pony AI ranks #1044 out of 2624 companies in the Software industry, which is above the industry midpoint. Overall, Pony AI has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Pony AI's PB Ratio compare to EXLS and SAIC?
According to the Software industry distribution chart, Pony AI ranks #1044 out of 2624 companies for PB Ratio. This puts Pony AI in the upper half of its industry. The industry median PB Ratio is 2.32. Pony AI's value of 1.86 is 19.8% below this benchmark. Historically, Pony AI's own PB Ratio has ranged from 1.77 to 12.81 over the past decade. While the company's 10-year median is 5.15 vs. the industry median of 2.32, Pony AI 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 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. Pony AI's current PB Ratio of 1.86 is 19.8% 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 Pony AI 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. Pony AI's current PB Ratio is 1.86, which is 64% below median its own 10-year median of 5.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pony AI stock overvalued right now?
Pony AI (PONY) has a current PB Ratio of 1.86. The current PB Ratio is 1.86, which is 64% below median its 10-year median of 5.15 and 19.8% below the Software industry median of 2.32. Pony AI's overall GF Score™ is 13/100 with 2 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 Pony AI (PONY), the current PB Ratio is 1.86 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.
Pony AI Inc is an artificial intelligence technology company that is principally engaged in the operation and development of autonomous vehicles. It operates fully driverless robotaxis through the PonyPilot mobile app in Beijing, Shanghai, Guangzhou, and Shenzhen. The company operates a fleet of robotaxis. The Group conducts its operations mainly in the People's Republic of China (PRC) and the United States of America (U.S.) through subsidiaries. Key revenue is generated from the Peoples Republic of China.
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