Smith Micro SoftwareSMSI -1.43%60 PB Ratio is 0.77 as of Jun. 25, 2026, which is 70% below its 10-year median of 2.55. GuruFocus rates SMSI with a GF Score™ of 60/100 and a GF Value™ of $2.38 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,625 Software companies, Smith Micro Software ranks better than 87.81% on this metric.
The historical rank and industry rank for Smith Micro Software's PB Ratio or its related term are showing as below:
SMSI'
s PB Ratio Range Over the Past 10 Years
Min: 0.14 Med: 2.55 Max: 44.55
Current: 0.77
During the past 13 years, Smith Micro Software's highest PB Ratio was 44.55. The lowest was 0.14. And the median was 2.55.
SMSI's PB Ratio is ranked better than 87.81% of 2625
companies
in the Software industry
Industry Median: 2.36
vs SMSI: 0.77
During the past 12 months, Smith Micro Software's average Book Value Per Share Growth Rate was -61.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -59.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -43.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -6.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Smith Micro Software was 137.70% per year. The lowest was -59.70% per year. And the median was -15.90% per year.
Back to Basics: PB Ratio
Smith Micro Software (NAS:SMSI) 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.
Smith Micro Software PB Ratio Related Terms
Smith Micro Software PB Ratio Historical Data
* Premium members only.
The historical data trend for Smith Micro Software'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 Software - Application subindustry, Smith Micro Software'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.
Smith Micro Software PB Ratio vs Software Industry
For the Software industry and Technology sector, Smith Micro Software's PB Ratio distribution charts can be found below:
* The bar in red indicates where Smith Micro Software'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.
Smith Micro Software (SMSI) has a PB Ratio of 0.77 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Smith Micro Software and its competitors. This is 70% below median its historical median of 2.55. Over the past decade, Smith Micro Software's PB Ratio has ranged from 0.14 to 44.55. According to the industry distribution chart, Smith Micro Software ranks #320 out of 2625 companies in the Software industry, placing it in the top 12.2%.
Is Smith Micro Software's PB Ratio too high?
Smith Micro Software's current PB Ratio of 0.77 is 70% below median its 10-year median of 2.55. Over the past 10 years, this metric has ranged from a low of 0.14 to a high of 44.55. The Software industry median PB Ratio is 2.36. Smith Micro Software's value of 0.77 is 67.4% below this industry median. Based on the distribution chart, Smith Micro Software ranks #320 out of 2625 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Smith Micro Software has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Smith Micro Software's PB Ratio compare to CYN and FALC?
According to the Software industry distribution chart, Smith Micro Software ranks #320 out of 2625 companies for PB Ratio. This places Smith Micro Software in the top 12% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.36. Smith Micro Software's value of 0.77 is 67.4% below this benchmark. Historically, Smith Micro Software's own PB Ratio has ranged from 0.14 to 44.55 over the past decade. While the company's 10-year median is 2.55 vs. the industry median of 2.36, Smith Micro Software 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 2.36, based on 2,625 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. Smith Micro Software's current PB Ratio of 0.77 is 67.4% 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 Smith Micro Software and its competitors. For the Software industry, the median PB Ratio is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smith Micro Software's current PB Ratio is 0.77, which is 70% below median its own 10-year median of 2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smith Micro Software stock overvalued right now?
Based on GuruFocus' analysis, Smith Micro Software (SMSI) is currently considered Modestly Overvalued. The stock's GF Value™ is $2.38, compared to a current price of $2.75 — trading 15.5% above its estimated fair value. The current PB Ratio is 0.77, which is 70% below median its 10-year median of 2.55 and 67.4% below the Software industry median of 2.36. Smith Micro Software's overall GF Score™ is 60/100 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 Smith Micro Software (SMSI), the current PB Ratio is 0.77 as of Jun. 25, 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 Smith Micro Software (SMSI) Overvalued in 2026?
Based on GuruFocus' analysis, Smith Micro Software stock appears to be overvalued.
The current stock price of $2.75 is trading 15.5% above its estimated GF Value™ of $2.38.
GuruFocus considers Smith Micro Software to be Modestly Overvalued.
Key valuation signals for SMSI:
PB Ratio: 0.77 (70% below median its 10-year median of 2.55)
GF Value™: $2.38 vs. price of $2.75 (15.5% above fair value)
Industry Position: 67.4% below the Software median (#320 of 2625)
No single metric tells the full story. See the SMSI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smith Micro Software Inc provides software solutions that simplify and enhance the mobile experience to some of the wireless service providers around the globe. The company's solutions include SafePath product suite provides comprehensive and easy-to-use tools to protect family digital lifestyles and manage connected devices both inside and outside the home; CommSuite premium messaging platform helps mobile service providers deliver a next-generation voicemail experience to mobile subscribers, while monetizing a legacy cost-center; and ViewSpot its retail display management platform provided wireless carriers and retailers with a way to bring powerful on-screen, interactive demos to life. It operates in single segment: Wireless.
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