TON Strategy CoTONX -5.45%50 PB Ratio is 0.43 as of Jun. 26, 2026, which is 82% below its 10-year median of 2.34. GuruFocus rates TONX with a GF Score™ of 50/100 and a GF Value™ of $17.74 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,625 Software companies, TON Strategy Co ranks better than 94.97% 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), TON Strategy Co's share price is $2.43. TON Strategy Co's Book Value per Share for the quarter that ended in Mar. 2026 was $5.60. Hence, TON Strategy Co's PB Ratio of today is 0.43.
The historical rank and industry rank for TON Strategy Co's PB Ratio or its related term are showing as below:
TONX'
s PB Ratio Range Over the Past 10 Years
Min: 0.2 Med: 2.34 Max: 64.65
Current: 0.43
During the past 13 years, TON Strategy Co's highest PB Ratio was 64.65. The lowest was 0.20. And the median was 2.34.
TONX's PB Ratio is ranked better than 94.97% of 2625
companies
in the Software industry
Industry Median: 2.36
vs TONX: 0.43
During the past 12 months, TON Strategy Co's average Book Value Per Share Growth Rate was -57.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -72.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -73.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of TON Strategy Co was -2.60% per year. The lowest was -90.90% per year. And the median was -72.50% 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.
TON Strategy Co PB Ratio Related Terms
TON Strategy Co PB Ratio Historical Data
* Premium members only.
The historical data trend for TON Strategy Co'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, TON Strategy Co'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.
TON Strategy Co PB Ratio vs Software Industry
For the Software industry and Technology sector, TON Strategy Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where TON Strategy Co'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.
TON Strategy Co'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.
TON Strategy Co (TONX) has a PB Ratio of 0.43 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 TON Strategy Co and its competitors. This is 82% below median its historical median of 2.34. Over the past decade, TON Strategy Co's PB Ratio has ranged from 0.20 to 64.65. According to the industry distribution chart, TON Strategy Co ranks #132 out of 2625 companies in the Software industry, placing it in the top 5%.
Is TON Strategy Co's PB Ratio too high?
TON Strategy Co's current PB Ratio of 0.43 is 82% below median its 10-year median of 2.34. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 64.65. The Software industry median PB Ratio is 2.36. TON Strategy Co's value of 0.43 is 81.8% below this industry median. Based on the distribution chart, TON Strategy Co ranks #132 out of 2625 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, TON Strategy Co has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TON Strategy Co's PB Ratio compare to KLTR and IMMR?
According to the Software industry distribution chart, TON Strategy Co ranks #132 out of 2625 companies for PB Ratio. This places TON Strategy Co in the top 5% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.36. TON Strategy Co's value of 0.43 is 81.8% below this benchmark. Historically, TON Strategy Co's own PB Ratio has ranged from 0.20 to 64.65 over the past decade. While the company's 10-year median is 2.34 vs. the industry median of 2.36, TON Strategy Co 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. TON Strategy Co's current PB Ratio of 0.43 is 81.8% 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 TON Strategy Co 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. TON Strategy Co's current PB Ratio is 0.43, which is 82% below median its own 10-year median of 2.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TON Strategy Co stock overvalued right now?
Based on GuruFocus' analysis, TON Strategy Co (TONX) is currently considered Possible Value Trap. The stock's GF Value™ is $17.74, compared to a current price of $2.43 — trading 86.3% below its estimated fair value. The current PB Ratio is 0.43, which is 82% below median its 10-year median of 2.34 and 81.8% below the Software industry median of 2.36. TON Strategy Co's overall GF Score™ is 50/100 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 TON Strategy Co (TONX), the current PB Ratio is 0.43 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.
Is TON Strategy Co (TONX) Overvalued in 2026?
Based on GuruFocus' analysis, TON Strategy Co stock appears to be undervalued.
The current stock price of $2.43 is trading 86.3% below its estimated GF Value™ of $17.74.
GuruFocus considers TON Strategy Co to be Possible Value Trap.
Key valuation signals for TONX:
PB Ratio: 0.43 (82% below median its 10-year median of 2.34)
GF Value™: $17.74 vs. price of $2.43 (86.3% below fair value)
Industry Position: 81.8% below the Software median (#132 of 2625)
No single metric tells the full story. See the TONX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TON Strategy Co is a digital asset treasury and Web3 ecosystem company focused on supporting The Open Network, a public blockchain integrated with Telegram and designed for fast, scalable transactions and decentralized applications. Its core business is managing its holdings of Toncoin (TON), including staking tokens to support network validation and earn rewards, while adhering to regulatory, accounting, and risk management standards. The company also pursues Web3 initiatives to support the ecosystem's growth and adoption. It operates through MARKET. live, Go Fund Yourself, and TON segments, with MARKET.live generating maximum revenue as a multi-vendor livestream shopping platform that combines e-commerce and entertainment across social and video channels.
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