Shoals Technologies GroupSHLS +6.33%88 PB Ratio is 2.96 as of Jul. 07, 2026, which is 29% below its 10-year median of 4.17. GuruFocus rates SHLS with a GF Score™ of 88/100 and a GF Value™ of $9.66 (Fairly Valued). The stock has 7 warning signs investors should review. Among 997 Semiconductors companies, Shoals Technologies Group ranks better than 58.98% on this metric.
The historical rank and industry rank for Shoals Technologies Group's PB Ratio or its related term are showing as below:
SHLS'
s PB Ratio Range Over the Past 10 Years
Min: 0.84 Med: 4.17 Max: 4406.25
Current: 2.95
During the past 8 years, Shoals Technologies Group's highest PB Ratio was 4406.25. The lowest was 0.84. And the median was 4.17.
SHLS's PB Ratio is ranked better than 58.98% of 997
companies
in the Semiconductors industry
Industry Median: 3.7
vs SHLS: 2.95
During the past 12 months, Shoals Technologies Group's average Book Value Per Share Growth Rate was 7.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 19.20% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Shoals Technologies Group was 425.60% per year. The lowest was -75.30% per year. And the median was 13.90% per year.
Back to Basics: PB Ratio
Shoals Technologies Group (NAS:SHLS) PB Ratio Explanation
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.
Shoals Technologies Group PB Ratio Related Terms
Shoals Technologies Group PB Ratio Historical Data
* 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 Solar subindustry, Shoals Technologies Group'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.
Shoals Technologies Group PB Ratio vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Shoals Technologies Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Shoals Technologies Group'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.
* 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.
Shoals Technologies Group (SHLS) has a PB Ratio of 2.96 as of Jul. 07, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Shoals Technologies Group and its competitors. This is 29% below median its historical median of 4.17. Over the past decade, Shoals Technologies Group's PB Ratio has ranged from 0.84 to 4,406.25. According to the industry distribution chart, Shoals Technologies Group ranks #409 out of 997 companies in the Semiconductors industry, placing it in the top 41%.
Is Shoals Technologies Group's PB Ratio too high?
Shoals Technologies Group's current PB Ratio of 2.96 is 29% below median its 10-year median of 4.17. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 4,406.25. The Semiconductors industry median PB Ratio is 3.70. Shoals Technologies Group's value of 2.96 is 20% below this industry median. Based on the distribution chart, Shoals Technologies Group ranks #409 out of 997 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Shoals Technologies Group has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shoals Technologies Group's PB Ratio compare to ARRY and CSIQ?
According to the Semiconductors industry distribution chart, Shoals Technologies Group ranks #409 out of 997 companies for PB Ratio. This puts Shoals Technologies Group in the upper half of its industry. The industry median PB Ratio is 3.70. Shoals Technologies Group's value of 2.96 is 20% below this benchmark. Historically, Shoals Technologies Group's own PB Ratio has ranged from 0.84 to 4,406.25 over the past decade. While the company's 10-year median is 4.17 vs. the industry median of 3.70, Shoals Technologies Group 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 Semiconductors company?
The median PB Ratio among Semiconductors companies is 3.70, based on 997 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. Shoals Technologies Group's current PB Ratio of 2.96 is 20% 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 Shoals Technologies Group and its competitors. For the Semiconductors industry, the median PB Ratio is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shoals Technologies Group's current PB Ratio is 2.96, which is 29% below median its own 10-year median of 4.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shoals Technologies Group stock overvalued right now?
Based on GuruFocus' analysis, Shoals Technologies Group (SHLS) is currently considered Fairly Valued. The stock's GF Value™ is $9.66, compared to a current price of $10.60 — trading 9.7% above its estimated fair value. The current PB Ratio is 2.96, which is 29% below median its 10-year median of 4.17 and 20% below the Semiconductors industry median of 3.70. Shoals Technologies Group's overall GF Score™ is 88/100 with 7 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 Shoals Technologies Group (SHLS), the current PB Ratio is 2.96 as of Jul. 07, 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 Shoals Technologies Group (SHLS) Overvalued in 2026?
Based on GuruFocus' analysis, Shoals Technologies Group stock appears to be overvalued.
The current stock price of $10.60 is trading 9.7% above its estimated GF Value™ of $9.66.
GuruFocus considers Shoals Technologies Group to be Fairly Valued.
Key valuation signals for SHLS:
PB Ratio: 2.96 (29% below median its 10-year median of 4.17)
GF Value™: $9.66 vs. price of $10.60 (9.7% above fair value)
Industry Position: 20% below the Semiconductors median (#409 of 997)
No single metric tells the full story. See the SHLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shoals Technologies Group is a provider of electrical balance of system solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement, and construction firms that build solar energy projects.
88GF Score
Get the complete analysis for SHLS
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHLS has been successfully added to your 
