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Soluna HoldingsSLNH -11.60%35 PB Ratio is 2.59 as of Jul. 14, 2026, which is 52% above its 10-year median of 1.70. GuruFocus rates SLNH with a GF Score™ of 35/100 and a GF Value™ of $0.16 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 779 Capital Markets companies, Soluna Holdings ranks worse than 74.71% 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 (2026-07-14), Soluna Holdings's share price is $1.125. Soluna Holdings's Book Value per Share for the quarter that ended in Mar. 2026 was $0.44. Hence, Soluna Holdings's PB Ratio of today is 2.59.
The historical rank and industry rank for Soluna Holdings's PB Ratio or its related term are showing as below:
SLNH'
s PB Ratio Range Over the Past 10 Years
Min: 0.06 Med: 1.7 Max: 21.78
Current: 2.59
During the past 13 years, Soluna Holdings's highest PB Ratio was 21.78. The lowest was 0.06. And the median was 1.70.
SLNH's PB Ratio is ranked worse than 74.71% of 779
companies
in the Capital Markets industry
Industry Median: 1.36
vs SLNH: 2.59
During the past 3 years, the average Book Value Per Share Growth Rate was -78.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Soluna Holdings was 132.10% per year. The lowest was -78.80% per year. And the median was 1.55% 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.
Soluna Holdings PB Ratio Related Terms
Soluna Holdings PB Ratio Historical Data
* Premium members only.
The historical data trend for Soluna Holdings'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 Capital Markets subindustry, Soluna Holdings'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.
Soluna Holdings PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Soluna Holdings's PB Ratio distribution charts can be found below:
* The bar in red indicates where Soluna Holdings'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.
Soluna Holdings'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.
Soluna Holdings (SLNH) has a PB Ratio of 2.59 as of Jul. 14, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Soluna Holdings and its competitors. This is 52% above median its historical median of 1.70. Over the past decade, Soluna Holdings' PB Ratio has ranged from 0.06 to 21.78. According to the industry distribution chart, Soluna Holdings ranks #582 out of 779 companies in the Capital Markets industry, placing it in the top 74.7%.
Is Soluna Holdings' PB Ratio too high?
Soluna Holdings' current PB Ratio of 2.59 is 52% above median its 10-year median of 1.70. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 21.78. The Capital Markets industry median PB Ratio is 1.36. Soluna Holdings' value of 2.59 is 90.4% above this industry median. Based on the distribution chart, Soluna Holdings ranks #582 out of 779 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Soluna Holdings has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Soluna Holdings' PB Ratio compare to FUFU and BMHL?
According to the Capital Markets industry distribution chart, Soluna Holdings ranks #582 out of 779 companies for PB Ratio. This places Soluna Holdings in the lower half of its industry. The industry median PB Ratio is 1.36. Soluna Holdings' value of 2.59 is 90.4% above this benchmark. Historically, Soluna Holdings' own PB Ratio has ranged from 0.06 to 21.78 over the past decade. While the company's 10-year median is 1.70 vs. the industry median of 1.36, Soluna Holdings 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 Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.36, based on 779 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. Soluna Holdings's current PB Ratio of 2.59 is 90.4% 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 Soluna Holdings and its competitors. For the Capital Markets industry, the median PB Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Soluna Holdings's current PB Ratio is 2.59, which is 52% above median its own 10-year median of 1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Soluna Holdings stock overvalued right now?
Based on GuruFocus' analysis, Soluna Holdings (SLNH) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.16, compared to a current price of $1.13 — trading 603.1% above its estimated fair value. The current PB Ratio is 2.59, which is 52% above median its 10-year median of 1.70 and 90.4% above the Capital Markets industry median of 1.36. Soluna Holdings' overall GF Score™ is 35/100 with 6 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 Soluna Holdings (SLNH), the current PB Ratio is 2.59 as of Jul. 14, 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 Soluna Holdings (SLNH) Overvalued in 2026?
Based on GuruFocus' analysis, Soluna Holdings stock appears to be overvalued.
The current stock price of $1.13 is trading 603.1% above its estimated GF Value™ of $0.16.
GuruFocus considers Soluna Holdings to be Significantly Overvalued.
Key valuation signals for SLNH:
PB Ratio: 2.59 (52% above median its 10-year median of 1.70)
GF Value™: $0.16 vs. price of $1.13 (603.1% above fair value)
Industry Position: 90.4% above the Capital Markets median (#582 of 779)
No single metric tells the full story. See the SLNH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Soluna Holdings Inc is a U.S.-based company engaged in the development and operation of data centers powered by renewable energy. The company utilizes excess or curtailed energy from renewable sources to support high-performance computing applications, including cryptocurrency mining, artificial intelligence, and machine learning. Its business model focuses on converting underutilized renewable energy into computing resources through co-located data center infrastructure.
35GF Score
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