Incuvo (WAR:IVO) PB Ratio: 1.05 (As of Jul. 12, 2026) — 62% Below Median


WAR:IVO Incuvo SA WAR:IVO
59 GF Score
Price zł0.62
GF Value zł0.61
Valuation Fairly Valued
! 4 Warning Signs
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What is Incuvo PB Ratio?

Incuvo WAR:IVO 59 PB Ratio is 1.05 as of Jul. 12, 2026, which is 62% below its 10-year median of 2.73. GuruFocus rates WAR:IVO with a GF Score™ of 59/100 and a GF Value™ of zł0.61 (Fairly Valued). The stock has 4 warning signs investors should review. Among 514 Interactive Media companies, Incuvo ranks better than 69.84% 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 (2026-07-12), Incuvo's share price is zł0.622. Incuvo's Book Value per Share for the quarter that ended in Mar. 2026 was zł0.60. Hence, Incuvo's PB Ratio of today is 1.05.

The historical rank and industry rank for Incuvo's PB Ratio or its related term are showing as below:

WAR:IVO' s PB Ratio Range Over the Past 10 Years
Min: 0.7   Med: 2.73   Max: 31.28
Current: 1.05

During the past 7 years, Incuvo's highest PB Ratio was 31.28. The lowest was 0.70. And the median was 2.73.

WAR:IVO's PB Ratio is ranked better than
69.84% of 514 companies
in the Interactive Media industry
Industry Median: 1.7 vs WAR:IVO: 1.05

During the past 12 months, Incuvo's average Book Value Per Share Growth Rate was -23.30% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 30.60% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 45.50% per year.

During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Incuvo was 114.10% per year. The lowest was 28.50% per year. And the median was 32.15% per year.

Back to Basics: PB Ratio


Incuvo  (WAR:IVO) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

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.


Incuvo PB Ratio Related Terms


Incuvo PB Ratio Historical Data

* Premium members only.

The historical data trend for Incuvo'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.

Incuvo PB Ratio Chart

Incuvo Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec23 Dec24 Dec25
PB Ratio
Get a 7-Day Free Trial 0.00 16.48 2.46 1.28 1.00

Incuvo Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 0.79 0.87 1.00 1.03

WAR:IVO vs NTES, EA, TTWO: PB Ratio Comparison

For the Electronic Gaming & Multimedia subindustry, Incuvo'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.


Incuvo PB Ratio vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Incuvo's PB Ratio distribution charts can be found below:

* The bar in red indicates where Incuvo's PB Ratio falls into.


WAR:IVO
59GF Score
Incuvo SA WAR:IVO
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Incuvo PB Ratio Calculation

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.

Incuvo's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2026)
=0.622/0.595
=1.05

* 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.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 1.05 mean?
Incuvo (WAR:IVO) has a PB Ratio of 1.05 as of Jul. 12, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Incuvo and its competitors. This is 62% below median its historical median of 2.73. Over the past decade, Incuvo's PB Ratio has ranged from 0.70 to 31.28. According to the industry distribution chart, Incuvo ranks #155 out of 514 companies in the Interactive Media industry, placing it in the top 30.2%.
Is Incuvo's PB Ratio too high?
Incuvo's current PB Ratio of 1.05 is 62% below median its 10-year median of 2.73. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 31.28. The Interactive Media industry median PB Ratio is 1.70. Incuvo's value of 1.05 is 38.2% below this industry median. Based on the distribution chart, Incuvo ranks #155 out of 514 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Incuvo has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Incuvo's PB Ratio compare to NTES and EA?
According to the Interactive Media industry distribution chart, Incuvo ranks #155 out of 514 companies for PB Ratio. This puts Incuvo in the upper half of its industry. The industry median PB Ratio is 1.70. Incuvo's value of 1.05 is 38.2% below this benchmark. Historically, Incuvo's own PB Ratio has ranged from 0.70 to 31.28 over the past decade. While the company's 10-year median is 2.73 vs. the industry median of 1.70, Incuvo 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 an Interactive Media company?
The median PB Ratio among Interactive Media companies is 1.70, based on 514 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. Incuvo's current PB Ratio of 1.05 is 38.2% 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 Incuvo and its competitors. For the Interactive Media industry, the median PB Ratio is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Incuvo's current PB Ratio is 1.05, which is 62% below median its own 10-year median of 2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Incuvo stock overvalued right now?
Based on GuruFocus' analysis, Incuvo (WAR:IVO) is currently considered Fairly Valued. The stock's GF Value™ is zł0.61, compared to a current price of zł0.62 — trading 2% above its estimated fair value. The current PB Ratio is 1.05, which is 62% below median its 10-year median of 2.73 and 38.2% below the Interactive Media industry median of 1.70. Incuvo's overall GF Score™ is 59/100 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 Incuvo (WAR:IVO), the current PB Ratio is 1.05 as of Jul. 12, 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 Incuvo (WAR:IVO) Overvalued in 2026?

Based on GuruFocus' analysis, Incuvo stock appears to be overvalued. The current stock price of zł0.62 is trading 2% above its estimated GF Value™ of zł0.61. GuruFocus considers Incuvo to be Fairly Valued.

Key valuation signals for WAR:IVO:

  • PB Ratio: 1.05 (62% below median its 10-year median of 2.73)
  • GF Value™: zł0.61 vs. price of zł0.62 (2% above fair value)
  • GF Score™: 59/100 with 4 warning signs
  • Industry Position: 38.2% below the Interactive Media median (#155 of 514)

No single metric tells the full story. See the WAR:IVO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Incuvo Business Description

Address Ligocka 103, Katowice, POL, 40-568
Incuvo SA is engaged in the game development business. It ports and produces VR games on a work for hire basis. Some of the games offered by the company include Blair Witch, Layers of Fear, Super Hero Fight Club, Createrria 2, and Crowdy Farm Puzzle.
59GF Score

Get the complete analysis for WAR:IVO

PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł0.62
Price
zł0.61
GF Value