Thinkific LabsTHNCF 72 PB Ratio is 1.33 as of Jun. 24, 2026, which is 42% below its 10-year median of 2.30. GuruFocus rates THNCF with a GF Score™ of 72/100 and a GF Value™ of $2.52 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,624 Software companies, Thinkific Labs ranks better than 71.3% 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 (2026-06-24), Thinkific Labs's share price is $0.8218. Thinkific Labs's Book Value per Share for the quarter that ended in Mar. 2026 was $0.62. Hence, Thinkific Labs's PB Ratio of today is 1.33.
Good Sign:
Thinkific Labs Inc stock PB Ratio (=1.48) is close to 2-year low of 1.41.
The historical rank and industry rank for Thinkific Labs's PB Ratio or its related term are showing as below:
THNCF'
s PB Ratio Range Over the Past 10 Years
Min: 0.94 Med: 2.3 Max: 240.26
Current: 1.48
During the past 8 years, Thinkific Labs's highest PB Ratio was 240.26. The lowest was 0.94. And the median was 2.30.
THNCF's PB Ratio is ranked better than 71.3% of 2624
companies
in the Software industry
Industry Median: 2.37
vs THNCF: 1.48
During the past 12 months, Thinkific Labs's average Book Value Per Share Growth Rate was -3.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -16.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 28.20% per year.
During the past 8 years, the highest 3-Year average Book Value Per Share Growth Rate of Thinkific Labs was 145.80% per year. The lowest was -24.50% per year. And the median was -16.30% 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.
Thinkific Labs PB Ratio Related Terms
Thinkific Labs PB Ratio Historical Data
* Premium members only.
The historical data trend for Thinkific Labs'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, Thinkific Labs'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.
Thinkific Labs PB Ratio vs Software Industry
For the Software industry and Technology sector, Thinkific Labs's PB Ratio distribution charts can be found below:
* The bar in red indicates where Thinkific Labs'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.
Thinkific Labs'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.
Thinkific Labs (THNCF) has a PB Ratio of 1.33 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Thinkific Labs and its competitors. This is 42% below median its historical median of 2.30. Over the past decade, Thinkific Labs' PB Ratio has ranged from 0.94 to 240.26. According to the industry distribution chart, Thinkific Labs ranks #753 out of 2624 companies in the Software industry, placing it in the top 28.7%.
Is Thinkific Labs' PB Ratio too high?
Thinkific Labs' current PB Ratio of 1.33 is 42% below median its 10-year median of 2.30. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 240.26. The Software industry median PB Ratio is 2.37. Thinkific Labs' value of 1.33 is 43.9% below this industry median. Based on the distribution chart, Thinkific Labs ranks #753 out of 2624 companies in the Software industry, which is above the industry midpoint. Overall, Thinkific Labs has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thinkific Labs' PB Ratio compare to CRM and SHOP?
According to the Software industry distribution chart, Thinkific Labs ranks #753 out of 2624 companies for PB Ratio. This puts Thinkific Labs in the upper half of its industry. The industry median PB Ratio is 2.37. Thinkific Labs' value of 1.33 is 43.9% below this benchmark. Historically, Thinkific Labs' own PB Ratio has ranged from 0.94 to 240.26 over the past decade. While the company's 10-year median is 2.30 vs. the industry median of 2.37, Thinkific Labs 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 2.37, 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. Thinkific Labs's current PB Ratio of 1.33 is 43.9% 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 Thinkific Labs and its competitors. For the Software industry, the median PB Ratio is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thinkific Labs's current PB Ratio is 1.33, which is 42% below median its own 10-year median of 2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thinkific Labs stock overvalued right now?
Based on GuruFocus' analysis, Thinkific Labs (THNCF) is currently considered Significantly Undervalued. The stock's GF Value™ is $2.52, compared to a current price of $0.82 — trading 67.4% below its estimated fair value. The current PB Ratio is 1.33, which is 42% below median its 10-year median of 2.30 and 43.9% below the Software industry median of 2.37. Thinkific Labs' overall GF Score™ is 72/100 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 Thinkific Labs (THNCF), the current PB Ratio is 1.33 as of Jun. 24, 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 Thinkific Labs (THNCF) Overvalued in 2026?
Based on GuruFocus' analysis, Thinkific Labs stock appears to be undervalued.
The current stock price of $0.82 is trading 67.4% below its estimated GF Value™ of $2.52.
GuruFocus considers Thinkific Labs to be Significantly Undervalued.
Key valuation signals for THNCF:
PB Ratio: 1.33 (42% below median its 10-year median of 2.30)
GF Value™: $2.52 vs. price of $0.82 (67.4% below fair value)
Industry Position: 43.9% below the Software median (#753 of 2624)
No single metric tells the full story. See the THNCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thinkific Labs Inc is a cloud-based software platform. Its business activity is to provide a learning commerce platform that helps businesses scale and generate revenue through courses, communities, AI and commerce. The company's platform provides its customers with a learning commerce solution that enables them to create new revenue streams, retain customers, and build community through customized courses, membership sites, communities, digital products and other experiences. Its sources of revenue consist of software subscriptions to its cloud-based platform and revenue from payment processing. Geographically, it operates in Canada; United States, generating maximum revenue; and Rest of the World.
72GF Score
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