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.
ARM HoldingsARM 69 Price-to-Tangible-Book is 50.79 as of Sep. 22, 2026. GuruFocus rates ARM with a GF Score™ of 69/100 and a GF Value™ of $194.02 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 982 Semiconductors companies, ARM Holdings ranks worse than 98.17% on this metric.
As of today (2026-09-22), ARM Holdings's share price is $322.90. ARM Holdings's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was $6.36. Hence, ARM Holdings's Price to Tangible Book Ratio of today is 50.79.
The historical rank and industry rank for ARM Holdings's Price-to-Tangible-Book or its related term are showing as below:
ARM'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 18.22 Med: 27.58 Max: 55.77
Current: 50.77
During the past 6 years, ARM Holdings's highest Price to Tangible Book Ratio was 55.77. The lowest was 18.22. And the median was 27.58.
ARM's Price-to-Tangible-Book is ranked worse than 98.17% of 982
companies
in the Semiconductors industry
Industry Median: 3.68
vs ARM: 50.77
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
ARM Holdings Price-to-Tangible-Book Related Terms
ARM Holdings Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for ARM Holdings's Price-to-Tangible-Book 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.
ARM vs TXN, MRVL, QCOM: Price-to-Tangible-Book Comparison
For the Semiconductors subindustry, ARM Holdings's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
ARM Holdings Price-to-Tangible-Book vs Semiconductors Industry
For the Semiconductors industry and Technology sector, ARM Holdings's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where ARM Holdings's Price-to-Tangible-Book falls into.
* 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 PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
ARM Holdings (ARM) has a Price-to-Tangible-Book of 50.79 as of Sep. 22, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on ARM Holdings and its competitors. According to the industry distribution chart, ARM Holdings ranks #964 out of 982 companies in the Semiconductors industry, placing it in the top 98.2%.
Is ARM Holdings' Price-to-Tangible-Book too high?
ARM Holdings' current Price-to-Tangible-Book is 50.79. The Semiconductors industry median Price-to-Tangible-Book is 3.68. ARM Holdings' value of 50.79 is 1280.2% above this industry median. Based on the distribution chart, ARM Holdings ranks #964 out of 982 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, ARM Holdings has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ARM Holdings' Price-to-Tangible-Book compare to TXN and MRVL?
According to the Semiconductors industry distribution chart, ARM Holdings ranks #964 out of 982 companies for Price-to-Tangible-Book. This places ARM Holdings in the lower half of its industry. The industry median Price-to-Tangible-Book is 3.68. ARM Holdings' value of 50.79 is 1280.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Semiconductors company?
The median Price-to-Tangible-Book among Semiconductors companies is 3.68, based on 982 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ARM Holdings's current Price-to-Tangible-Book of 50.79 is 1280.2% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on ARM Holdings and its competitors. For the Semiconductors industry, the median Price-to-Tangible-Book is 3.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ARM Holdings's current Price-to-Tangible-Book is 50.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ARM Holdings stock overvalued right now?
Based on GuruFocus' analysis, ARM Holdings (ARM) is currently considered Significantly Overvalued. The stock's GF Value™ is $194.02, compared to a current price of $322.90 — trading 66.4% above its estimated fair value. The current Price-to-Tangible-Book is 50.79 and 1280.2% above the Semiconductors industry median of 3.68. ARM Holdings' overall GF Score™ is 69/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For ARM Holdings (ARM), the current Price-to-Tangible-Book is 50.79 as of Sep. 22, 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 ARM Holdings (ARM) Overvalued in 2026?
Based on GuruFocus' analysis, ARM Holdings stock appears to be overvalued.
The current stock price of $322.90 is trading 66.4% above its estimated GF Value™ of $194.02.
GuruFocus considers ARM Holdings to be Significantly Overvalued.
Key valuation signals for ARM:
Price-to-Tangible-Book: 50.79
GF Value™: $194.02 vs. price of $322.90 (66.4% above fair value)
Industry Position: 1280.2% above the Semiconductors median (#964 of 982)
No single metric tells the full story. See the ARM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arm Holdings is the IP owner and developer of the Arm architecture, which is used in 99% of the world's smartphone CPU cores. It also has high market share in other battery-powered devices like wearables, tablets, and sensors. Arm licenses its architecture for a fee, offering different types of licenses depending on the flexibility the customer needs. Customers like Apple or Qualcomm buy architectural licenses, which allow them to modify the architecture and add or delete instructions to tailor the chips to their specific needs. Other clients directly buy off-the-shelf designs from Arm. Both off-the-shelf and architectural customers pay a royalty fee per chip shipped. In 2026, Arm announced the launch of its own CPU products on top of its existing royalty business.
69GF Score
Get the complete analysis for ARM
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ARM has been successfully added to your 
