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.
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.
Grid Dynamics Holdings Price-to-Tangible-Book Related Terms
Grid Dynamics Holdings Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Grid Dynamics 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.
GDYN vs VRRM, WYFI, FCCN: Price-to-Tangible-Book Comparison
For the Information Technology Services subindustry, Grid Dynamics 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.
Grid Dynamics Holdings Price-to-Tangible-Book vs Software Industry
For the Software industry and Technology sector, Grid Dynamics Holdings's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Grid Dynamics 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.
Grid Dynamics Holdings (GDYN) has a Price-to-Tangible-Book of 1.71 as of Aug. 31, 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 Grid Dynamics Holdings and its competitors. According to the industry distribution chart, Grid Dynamics Holdings ranks #538 out of 2194 companies in the Software industry, placing it in the top 24.5%.
Is Grid Dynamics Holdings' Price-to-Tangible-Book too high?
Grid Dynamics Holdings' current Price-to-Tangible-Book is 1.71. The Software industry median Price-to-Tangible-Book is 3.40. Grid Dynamics Holdings' value of 1.71 is 49.7% below this industry median. Based on the distribution chart, Grid Dynamics Holdings ranks #538 out of 2194 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Grid Dynamics Holdings has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grid Dynamics Holdings' Price-to-Tangible-Book compare to VRRM and WYFI?
According to the Software industry distribution chart, Grid Dynamics Holdings ranks #538 out of 2194 companies for Price-to-Tangible-Book. This places Grid Dynamics Holdings in the top 25% of its industry — outperforming the majority of peers. The industry median Price-to-Tangible-Book is 3.40. Grid Dynamics Holdings' value of 1.71 is 49.7% 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 a Software company?
The median Price-to-Tangible-Book among Software companies is 3.40, based on 2,194 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. Grid Dynamics Holdings's current Price-to-Tangible-Book of 1.71 is 49.7% 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 Grid Dynamics Holdings and its competitors. For the Software industry, the median Price-to-Tangible-Book is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grid Dynamics Holdings's current Price-to-Tangible-Book is 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grid Dynamics Holdings stock overvalued right now?
Based on GuruFocus' analysis, Grid Dynamics Holdings (GDYN) is currently considered Significantly Undervalued. The stock's GF Value™ is $13.30, compared to a current price of $7.98 — trading 40% below its estimated fair value. The current Price-to-Tangible-Book is 1.71 and 49.7% below the Software industry median of 3.40. Grid Dynamics Holdings' overall GF Score™ is 74/100 with 4 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 Grid Dynamics Holdings (GDYN), the current Price-to-Tangible-Book is 1.71 as of Aug. 31, 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 Grid Dynamics Holdings (GDYN) Overvalued in 2026?
Based on GuruFocus' analysis, Grid Dynamics Holdings stock appears to be undervalued.
The current stock price of $7.98 is trading 40% below its estimated GF Value™ of $13.30.
GuruFocus considers Grid Dynamics Holdings to be Significantly Undervalued.
Key valuation signals for GDYN:
Price-to-Tangible-Book: 1.71
GF Value™: $13.30 vs. price of $7.98 (40% below fair value)
Industry Position: 49.7% below the Software median (#538 of 2194)
No single metric tells the full story. See the GDYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grid Dynamics Holdings Inc is a provider of technology consulting, platform and product engineering, and advanced analytics services. The company delivers tailored solutions in several industry verticals like Tech, Media and Telecom, Retail, Finance and Consumer Packaged goods (CPG)/manufacturing. The company derives maximum revenue from Retails. Geographically company earns revenue from North America, Europe and other regions.
74GF Score
Get the complete analysis for GDYN
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
GDYN has been successfully added to your 
