Full Truck Alliance CoYMM -3.46%77 PB Ratio is 1.35 as of Jun. 26, 2026, which is 20% below its 10-year median of 1.69. GuruFocus rates YMM with a GF Score™ of 77/100 and a GF Value™ of $11.34 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,625 Software companies, Full Truck Alliance Co ranks better than 72.72% on this metric.
Full Truck Alliance Co Ltd stock PB Ratio (=1.36) is close to 3-year low of 1.28.
The historical rank and industry rank for Full Truck Alliance Co's PB Ratio or its related term are showing as below:
YMM'
s PB Ratio Range Over the Past 10 Years
Min: 1.18 Med: 1.69 Max: 2.56
Current: 1.31
During the past 7 years, Full Truck Alliance Co's highest PB Ratio was 2.56. The lowest was 1.18. And the median was 1.69.
YMM's PB Ratio is ranked better than 72.72% of 2625
companies
in the Software industry
Industry Median: 2.36
vs YMM: 1.31
During the past 12 months, Full Truck Alliance Co's average Book Value Per Share Growth Rate was 3.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 2.90% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Full Truck Alliance Co was 6.40% per year. The lowest was 2.90% per year. And the median was 4.65% per year.
Back to Basics: PB Ratio
Full Truck Alliance Co (NYSE:YMM) 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 Software - Application subindustry, Full Truck Alliance 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.
Full Truck Alliance Co PB Ratio vs Software Industry
For the Software industry and Technology sector, Full Truck Alliance Co's PB Ratio distribution charts can be found below:
* The bar in red indicates where Full Truck Alliance 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.
* 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.
Full Truck Alliance Co (YMM) has a PB Ratio of 1.35 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 Full Truck Alliance Co and its competitors. This is 20% below median its historical median of 1.69. Over the past decade, Full Truck Alliance Co's PB Ratio has ranged from 1.18 to 2.56. According to the industry distribution chart, Full Truck Alliance Co ranks #716 out of 2625 companies in the Software industry, placing it in the top 27.3%.
Is Full Truck Alliance Co's PB Ratio too high?
Full Truck Alliance Co's current PB Ratio of 1.35 is 20% below median its 10-year median of 1.69. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 2.56. The Software industry median PB Ratio is 2.36. Full Truck Alliance Co's value of 1.35 is 42.8% below this industry median. Based on the distribution chart, Full Truck Alliance Co ranks #716 out of 2625 companies in the Software industry, which is above the industry midpoint. Overall, Full Truck Alliance Co has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Full Truck Alliance Co's PB Ratio compare to CRM and SHOP?
According to the Software industry distribution chart, Full Truck Alliance Co ranks #716 out of 2625 companies for PB Ratio. This puts Full Truck Alliance Co in the upper half of its industry. The industry median PB Ratio is 2.36. Full Truck Alliance Co's value of 1.35 is 42.8% below this benchmark. Historically, Full Truck Alliance Co's own PB Ratio has ranged from 1.18 to 2.56 over the past decade. While the company's 10-year median is 1.69 vs. the industry median of 2.36, Full Truck Alliance 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. Full Truck Alliance Co's current PB Ratio of 1.35 is 42.8% 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 Full Truck Alliance 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. Full Truck Alliance Co's current PB Ratio is 1.35, which is 20% below median its own 10-year median of 1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Full Truck Alliance Co stock overvalued right now?
Based on GuruFocus' analysis, Full Truck Alliance Co (YMM) is currently considered Significantly Undervalued. The stock's GF Value™ is $11.34, compared to a current price of $7.54 — trading 33.5% below its estimated fair value. The current PB Ratio is 1.35, which is 20% below median its 10-year median of 1.69 and 42.8% below the Software industry median of 2.36. Full Truck Alliance Co's overall GF Score™ is 77/100 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 Full Truck Alliance Co (YMM), the current PB Ratio is 1.35 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 Full Truck Alliance Co (YMM) Overvalued in 2026?
Based on GuruFocus' analysis, Full Truck Alliance Co stock appears to be undervalued.
The current stock price of $7.54 is trading 33.5% below its estimated GF Value™ of $11.34.
GuruFocus considers Full Truck Alliance Co to be Significantly Undervalued.
Key valuation signals for YMM:
PB Ratio: 1.35 (20% below median its 10-year median of 1.69)
GF Value™: $11.34 vs. price of $7.54 (33.5% below fair value)
Industry Position: 42.8% below the Software median (#716 of 2625)
No single metric tells the full story. See the YMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Full Truck Alliance Co Ltd, through its subsidiaries, provides comprehensive services for shippers and truckers through its mobile and website platforms. Its principal operations are in the People's Republic of China. The group derives its revenues principally from shippers and trucker's use of its platforms in connection with freight matching services and value-added services.
77GF Score
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