Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Boleron ADXBUL:BLRN 6 PB Ratio is 4.60 as of Jul. 25, 2026, which is 28% below its 10-year median of 6.37. GuruFocus rates XBUL:BLRN with a GF Score™ of 6/100. The stock has 2 warning signs investors should review. Among 2,634 Software companies, Boleron AD ranks worse than 75.89% 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 (2026-07-25), Boleron AD's share price is €1.15. Boleron AD's Book Value per Share for the quarter that ended in Dec. 2025 was €0.25. Hence, Boleron AD's PB Ratio of today is 4.60.
The historical rank and industry rank for Boleron AD's PB Ratio or its related term are showing as below:
XBUL:BLRN'
s PB Ratio Range Over the Past 10 Years
Min: 3.3 Med: 6.37 Max: 11.44
Current: 4.6
During the past 3 years, Boleron AD's highest PB Ratio was 11.44. The lowest was 3.30. And the median was 6.37.
XBUL:BLRN's PB Ratio is ranked worse than 75.89% of 2634
companies
in the Software industry
Industry Median: 2.345
vs XBUL:BLRN: 4.60
During the past 12 months, Boleron AD's average Book Value Per Share Growth Rate was -45.10% 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.
Boleron AD PB Ratio Related Terms
Boleron AD PB Ratio Historical Data
* Premium members only.
The historical data trend for Boleron AD'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.
Boleron AD PB Ratio Chart
Boleron AD Annual Data
Trend
Dec23
Dec24
Dec25
PB Ratio
0.00
7.25
11.44
Boleron AD Semi-Annual Data
Dec23
Jun24
Dec24
Jun25
Dec25
PB Ratio
0.00
0.00
7.25
7.09
11.44
XBUL:BLRN vs UBER, SHOP, CRM: PB Ratio Comparison
For the Software - Application subindustry, Boleron AD'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.
Boleron AD PB Ratio vs Software Industry
For the Software industry and Technology sector, Boleron AD's PB Ratio distribution charts can be found below:
* The bar in red indicates where Boleron AD'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.
Boleron AD'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.
Boleron AD (XBUL:BLRN) has a PB Ratio of 4.60 as of Jul. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Boleron AD and its competitors. This is 28% below median its historical median of 6.37. Over the past decade, Boleron AD's PB Ratio has ranged from 3.30 to 11.44. According to the industry distribution chart, Boleron AD ranks #1999 out of 2634 companies in the Software industry, placing it in the top 75.9%.
Is Boleron AD's PB Ratio too high?
Boleron AD's current PB Ratio of 4.60 is 28% below median its 10-year median of 6.37. Over the past 10 years, this metric has ranged from a low of 3.30 to a high of 11.44. The Software industry median PB Ratio is 2.35. Boleron AD's value of 4.60 is 96.2% above this industry median. Based on the distribution chart, Boleron AD ranks #1999 out of 2634 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Boleron AD has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does Boleron AD's PB Ratio compare to UBER and SHOP?
According to the Software industry distribution chart, Boleron AD ranks #1999 out of 2634 companies for PB Ratio. This places Boleron AD in the lower half of its industry. The industry median PB Ratio is 2.35. Boleron AD's value of 4.60 is 96.2% above this benchmark. Historically, Boleron AD's own PB Ratio has ranged from 3.30 to 11.44 over the past decade. While the company's 10-year median is 6.37 vs. the industry median of 2.35, Boleron AD 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 a Software company?
The median PB Ratio among Software companies is 2.35, based on 2,634 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. Boleron AD's current PB Ratio of 4.60 is 96.2% 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 Boleron AD and its competitors. For the Software industry, the median PB Ratio is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boleron AD's current PB Ratio is 4.60, which is 28% below median its own 10-year median of 6.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boleron AD stock overvalued right now?
Boleron AD (XBUL:BLRN) has a current PB Ratio of 4.60. The current PB Ratio is 4.60, which is 28% below median its 10-year median of 6.37 and 96.2% above the Software industry median of 2.35. Boleron AD's overall GF Score™ is 6/100 with 2 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 Boleron AD (XBUL:BLRN), the current PB Ratio is 4.60 as of Jul. 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.
Boleron AD is a software company that digitizes and automates various processes in insurance. The company is a digital insurance broker for online insurance in Bulgaria that offers Motor Casco Insurance, Civil Liability Insurance, Travel Abroad Insurance, Health Insurance, Mountain and Ski Insurance, Life Insurance (including investment) and Property Insurance, and among others.
6GF Score
Get the complete analysis for XBUL:BLRN
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XBUL:BLRN has been successfully added to your 
