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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.
DEFSEC Technologies Price-to-Tangible-Book Related Terms
DEFSEC Technologies Price-to-Tangible-Book Historical Data
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The historical data trend for DEFSEC Technologies'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.
DFSC vs SPCX, GE, RTX: Price-to-Tangible-Book Comparison
For the Aerospace & Defense subindustry, DEFSEC Technologies'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.
DEFSEC Technologies Price-to-Tangible-Book vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, DEFSEC Technologies's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where DEFSEC Technologies'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.
DEFSEC Technologies (DFSC) has a Price-to-Tangible-Book of 2.12 as of Aug. 27, 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 DEFSEC Technologies and its competitors. According to the industry distribution chart, DEFSEC Technologies ranks #64 out of 305 companies in the Aerospace & Defense industry, placing it in the top 21%.
Is DEFSEC Technologies' Price-to-Tangible-Book too high?
DEFSEC Technologies' current Price-to-Tangible-Book is 2.12. The Aerospace & Defense industry median Price-to-Tangible-Book is 4.09. DEFSEC Technologies' value of 2.12 is 48.2% below this industry median. Based on the distribution chart, DEFSEC Technologies ranks #64 out of 305 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, DEFSEC Technologies has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DEFSEC Technologies' Price-to-Tangible-Book compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, DEFSEC Technologies ranks #64 out of 305 companies for Price-to-Tangible-Book. This places DEFSEC Technologies in the top 21% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 4.09. DEFSEC Technologies' value of 2.12 is 48.2% below 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 an Aerospace & Defense company?
The median Price-to-Tangible-Book among Aerospace & Defense companies is 4.09, based on 305 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. DEFSEC Technologies's current Price-to-Tangible-Book of 2.12 is 48.2% 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 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 DEFSEC Technologies and its competitors. For the Aerospace & Defense industry, the median Price-to-Tangible-Book is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DEFSEC Technologies's current Price-to-Tangible-Book is 2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DEFSEC Technologies stock overvalued right now?
Based on GuruFocus' analysis, DEFSEC Technologies (DFSC) is currently considered Fairly Valued. The stock's GF Value™ is $1.73, compared to a current price of $1.70 — trading 1.7% below its estimated fair value. The current Price-to-Tangible-Book is 2.12 and 48.2% below the Aerospace & Defense industry median of 4.09. DEFSEC Technologies' overall GF Score™ is 50/100 with 3 warning signs 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 DEFSEC Technologies (DFSC), the current Price-to-Tangible-Book is 2.12 as of Aug. 27, 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 DEFSEC Technologies (DFSC) Overvalued in 2026?
Based on GuruFocus' analysis, DEFSEC Technologies stock appears to be undervalued.
The current stock price of $1.70 is trading 1.7% below its estimated GF Value™ of $1.73.
GuruFocus considers DEFSEC Technologies to be Fairly Valued.
Key valuation signals for DFSC:
Price-to-Tangible-Book: 2.12
GF Value™: $1.73 vs. price of $1.70 (1.7% below fair value)
Industry Position: 48.2% below the Aerospace & Defense median (#64 of 305)
No single metric tells the full story. See the DFSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DEFSEC Technologies Inc is a canadian defence company. The company develops and commercializes next-generation tactical systems. The company offers breakthrough technology in lethal and non-lethal systems with broad application, including law enforcement and personal defence, modernized digitization of tactical forces for shared situational awareness and targeting, and counter-measures against threats such as drones, lasers, and electronic detection.
50GF Score
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Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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