Eco Wave Power Global ABWAVE -3.31%39 PB Ratio is 10.22 as of Jun. 29, 2026, which is 324% above its 10-year median of 2.41. GuruFocus rates WAVE with a GF Score™ of 39/100 and a GF Value™ of $1.54 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 431 Utilities - Independent Power Producers companies, Eco Wave Power Global AB ranks worse than 95.82% on this metric.
During the past 12 months, Eco Wave Power Global AB's average Book Value Per Share Growth Rate was -40.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -18.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -17.30% per year.
During the past 9 years, the highest 3-Year average Book Value Per Share Growth Rate of Eco Wave Power Global AB was -11.60% per year. The lowest was -18.30% per year. And the median was -17.30% per year.
Back to Basics: PB Ratio
Eco Wave Power Global AB (NAS:WAVE) 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.
* 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 Utilities - Renewable subindustry, Eco Wave Power Global AB'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.
Eco Wave Power Global AB PB Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Eco Wave Power Global AB's PB Ratio distribution charts can be found below:
* The bar in red indicates where Eco Wave Power Global AB'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.
Eco Wave Power Global AB (WAVE) has a PB Ratio of 10.22 as of Jun. 29, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Eco Wave Power Global AB and its competitors. This is 324% above median its historical median of 2.41. Over the past decade, Eco Wave Power Global AB's PB Ratio has ranged from 0.73 to 13.45. According to the industry distribution chart, Eco Wave Power Global AB ranks #413 out of 431 companies in the Utilities - Independent Power Producers industry, placing it in the top 95.8%.
Is Eco Wave Power Global AB's PB Ratio too high?
Eco Wave Power Global AB's current PB Ratio of 10.22 is 324% above median its 10-year median of 2.41. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 13.45. The Utilities - Independent Power Producers industry median PB Ratio is 1.33. Eco Wave Power Global AB's value of 10.22 is 668.4% above this industry median. Based on the distribution chart, Eco Wave Power Global AB ranks #413 out of 431 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Eco Wave Power Global AB has a GF Score™ of 39/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eco Wave Power Global AB's PB Ratio compare to NXXT and AGIG?
According to the Utilities - Independent Power Producers industry distribution chart, Eco Wave Power Global AB ranks #413 out of 431 companies for PB Ratio. This places Eco Wave Power Global AB in the lower half of its industry. The industry median PB Ratio is 1.33. Eco Wave Power Global AB's value of 10.22 is 668.4% above this benchmark. Historically, Eco Wave Power Global AB's own PB Ratio has ranged from 0.73 to 13.45 over the past decade. While the company's 10-year median is 2.41 vs. the industry median of 1.33, Eco Wave Power Global AB 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 an Utilities - Independent Power Producers company?
The median PB Ratio among Utilities - Independent Power Producers companies is 1.33, based on 431 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. Eco Wave Power Global AB's current PB Ratio of 10.22 is 668.4% 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 Eco Wave Power Global AB and its competitors. For the Utilities - Independent Power Producers industry, the median PB Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eco Wave Power Global AB's current PB Ratio is 10.22, which is 324% above median its own 10-year median of 2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eco Wave Power Global AB stock overvalued right now?
Based on GuruFocus' analysis, Eco Wave Power Global AB (WAVE) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.54, compared to a current price of $8.77 — trading 469.5% above its estimated fair value. The current PB Ratio is 10.22, which is 324% above median its 10-year median of 2.41 and 668.4% above the Utilities - Independent Power Producers industry median of 1.33. Eco Wave Power Global AB's overall GF Score™ is 39/100 with 3 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 Eco Wave Power Global AB (WAVE), the current PB Ratio is 10.22 as of Jun. 29, 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 Eco Wave Power Global AB (WAVE) Overvalued in 2026?
Based on GuruFocus' analysis, Eco Wave Power Global AB stock appears to be overvalued.
The current stock price of $8.77 is trading 469.5% above its estimated GF Value™ of $1.54.
GuruFocus considers Eco Wave Power Global AB to be Significantly Overvalued.
Key valuation signals for WAVE:
PB Ratio: 10.22 (324% above median its 10-year median of 2.41)
GF Value™: $1.54 vs. price of $8.77 (469.5% above fair value)
Industry Position: 668.4% above the Utilities - Independent Power Producers median (#413 of 431)
No single metric tells the full story. See the WAVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eco Wave Power Global AB is a Sweden-based wave energy company engaged in the development of a smart and cost-efficient wave energy conversion, or WEC, technology that converts ocean and sea waves into clean electricity. Its WEC technology employs units of point absorber floating devices, referred to as floaters, which are installed on existing marine structures such as piers, breakwaters, and jetties, or in locations in which such marine structures are required. Geographically, it has a presence in Israel, the USA, and Mexico.
39GF Score
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