Sonova Holding AGXSWX:SOON +0.67%91 PB Ratio is 4.44 as of Jun. 25, 2026, which is 27% below its 10-year median of 6.05. GuruFocus rates XSWX:SOON with a GF Score™ of 91/100 and a GF Value™ of CHF249.71 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 788 Medical Devices & Instruments companies, Sonova Holding AG ranks worse than 76.78% 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 (2026-06-25), Sonova Holding AG's share price is CHF195.20. Sonova Holding AG's Book Value per Share for the quarter that ended in Mar. 2026 was CHF44.00. Hence, Sonova Holding AG's PB Ratio of today is 4.44.
The historical rank and industry rank for Sonova Holding AG's PB Ratio or its related term are showing as below:
XSWX:SOON'
s PB Ratio Range Over the Past 10 Years
Min: 3.88 Med: 6.05 Max: 9.8
Current: 4.44
During the past 13 years, Sonova Holding AG's highest PB Ratio was 9.80. The lowest was 3.88. And the median was 6.05.
XSWX:SOON's PB Ratio is ranked worse than 76.78% of 788
companies
in the Medical Devices & Instruments industry
Industry Median: 2.045
vs XSWX:SOON: 4.44
During the past 12 months, Sonova Holding AG's average Book Value Per Share Growth Rate was -1.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.80% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Sonova Holding AG was 119.30% per year. The lowest was -33.90% per year. And the median was 6.85% per year.
Back to Basics: PB Ratio
Sonova Holding AG (XSWX:SOON) 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.
Sonova Holding AG PB Ratio Related Terms
Sonova Holding AG PB Ratio Historical Data
* Premium members only.
The historical data trend for Sonova Holding AG'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 Medical Devices subindustry, Sonova Holding AG'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.
Sonova Holding AG PB Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Sonova Holding AG's PB Ratio distribution charts can be found below:
* The bar in red indicates where Sonova Holding AG'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.
Sonova Holding AG (XSWX:SOON) has a PB Ratio of 4.44 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Sonova Holding AG and its competitors. This is 27% below median its historical median of 6.05. Over the past decade, Sonova Holding AG's PB Ratio has ranged from 3.88 to 9.80. According to the industry distribution chart, Sonova Holding AG ranks #605 out of 788 companies in the Medical Devices & Instruments industry, placing it in the top 76.8%.
Is Sonova Holding AG's PB Ratio too high?
Sonova Holding AG's current PB Ratio of 4.44 is 27% below median its 10-year median of 6.05. Over the past 10 years, this metric has ranged from a low of 3.88 to a high of 9.80. The Medical Devices & Instruments industry median PB Ratio is 2.05. Sonova Holding AG's value of 4.44 is 117.1% above this industry median. Based on the distribution chart, Sonova Holding AG ranks #605 out of 788 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Sonova Holding AG has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sonova Holding AG's PB Ratio compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Sonova Holding AG ranks #605 out of 788 companies for PB Ratio. This places Sonova Holding AG in the lower half of its industry. The industry median PB Ratio is 2.05. Sonova Holding AG's value of 4.44 is 117.1% above this benchmark. Historically, Sonova Holding AG's own PB Ratio has ranged from 3.88 to 9.80 over the past decade. While the company's 10-year median is 6.05 vs. the industry median of 2.05, Sonova Holding AG 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 Medical Devices & Instruments company?
The median PB Ratio among Medical Devices & Instruments companies is 2.05, based on 788 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. Sonova Holding AG's current PB Ratio of 4.44 is 117.1% 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 Sonova Holding AG and its competitors. For the Medical Devices & Instruments industry, the median PB Ratio is 2.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sonova Holding AG's current PB Ratio is 4.44, which is 27% below median its own 10-year median of 6.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sonova Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Sonova Holding AG (XSWX:SOON) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF249.71, compared to a current price of CHF195.20 — trading 21.8% below its estimated fair value. The current PB Ratio is 4.44, which is 27% below median its 10-year median of 6.05 and 117.1% above the Medical Devices & Instruments industry median of 2.05. Sonova Holding AG's overall GF Score™ is 91/100 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 Sonova Holding AG (XSWX:SOON), the current PB Ratio is 4.44 as of Jun. 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.
Is Sonova Holding AG (XSWX:SOON) Overvalued in 2026?
Based on GuruFocus' analysis, Sonova Holding AG stock appears to be undervalued.
The current stock price of CHF195.20 is trading 21.8% below its estimated GF Value™ of CHF249.71.
GuruFocus considers Sonova Holding AG to be Modestly Undervalued.
Key valuation signals for XSWX:SOON:
PB Ratio: 4.44 (27% below median its 10-year median of 6.05)
GF Value™: CHF249.71 vs. price of CHF195.20 (21.8% below fair value)
Industry Position: 117.1% above the Medical Devices & Instruments median (#605 of 788)
No single metric tells the full story. See the XSWX:SOON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sonova is one of the world's largest manufacturers and distributors of hearing aids. The company is based in Switzerland and distributes its products in more than 100 countries through its internal sales team and independent retailers. It also sells cochlear implants and audio technologies.
91GF Score
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