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Planet Labs PBCPL -3.31%60 Price-to-Tangible-Book is 16.87 as of Sep. 10, 2026. GuruFocus rates PL with a GF Score™ of 60/100 and a GF Value™ of $5.57 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 306 Aerospace & Defense companies, Planet Labs PBC ranks worse than 87.25% on this metric.
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.
Planet Labs PBC Price-to-Tangible-Book Related Terms
Planet Labs PBC Price-to-Tangible-Book Historical Data
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The historical data trend for Planet Labs PBC'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.
PL vs HXL, AVAV, LOAR: Price-to-Tangible-Book Comparison
For the Aerospace & Defense subindustry, Planet Labs PBC'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.
Planet Labs PBC Price-to-Tangible-Book vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Planet Labs PBC's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Planet Labs PBC'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.
Planet Labs PBC (PL) has a Price-to-Tangible-Book of 16.87 as of Sep. 10, 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 Planet Labs PBC and its competitors. According to the industry distribution chart, Planet Labs PBC ranks #267 out of 306 companies in the Aerospace & Defense industry, placing it in the top 87.3%.
Is Planet Labs PBC's Price-to-Tangible-Book too high?
Planet Labs PBC's current Price-to-Tangible-Book is 16.87. The Aerospace & Defense industry median Price-to-Tangible-Book is 4.28. Planet Labs PBC's value of 16.87 is 294.6% above this industry median. Based on the distribution chart, Planet Labs PBC ranks #267 out of 306 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Planet Labs PBC has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Planet Labs PBC's Price-to-Tangible-Book compare to HXL and AVAV?
According to the Aerospace & Defense industry distribution chart, Planet Labs PBC ranks #267 out of 306 companies for Price-to-Tangible-Book. This places Planet Labs PBC in the lower half of its industry. The industry median Price-to-Tangible-Book is 4.28. Planet Labs PBC's value of 16.87 is 294.6% 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 an Aerospace & Defense company?
The median Price-to-Tangible-Book among Aerospace & Defense companies is 4.28, based on 306 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. Planet Labs PBC's current Price-to-Tangible-Book of 16.87 is 294.6% 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 Planet Labs PBC and its competitors. For the Aerospace & Defense industry, the median Price-to-Tangible-Book is 4.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Planet Labs PBC's current Price-to-Tangible-Book is 16.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Planet Labs PBC stock overvalued right now?
Based on GuruFocus' analysis, Planet Labs PBC (PL) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.57, compared to a current price of $17.22 — trading 209.2% above its estimated fair value. The current Price-to-Tangible-Book is 16.87 and 294.6% above the Aerospace & Defense industry median of 4.28. Planet Labs PBC's overall GF Score™ is 60/100 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 Planet Labs PBC (PL), the current Price-to-Tangible-Book is 16.87 as of Sep. 10, 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 Planet Labs PBC (PL) Overvalued in 2026?
Based on GuruFocus' analysis, Planet Labs PBC stock appears to be overvalued.
The current stock price of $17.22 is trading 209.2% above its estimated GF Value™ of $5.57.
GuruFocus considers Planet Labs PBC to be Significantly Overvalued.
Key valuation signals for PL:
Price-to-Tangible-Book: 16.87
GF Value™: $5.57 vs. price of $17.22 (209.2% above fair value)
Industry Position: 294.6% above the Aerospace & Defense median (#267 of 306)
No single metric tells the full story. See the PL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Planet Labs PBC is an Earth-imaging company. It uses space to help life on Earth by imaging the world every day and making change visible, accessible, and actionable. Its platform includes imagery, insights, and machine learning that empower companies, governments, and communities around the world to make timely decisions about the evolving world. Its solutions are Broad Area Management. Its products are Planet Monitoring, Planet Tasking, Planet Analytic Feeds, Planetary Variables, Planet Basemaps, Planet Insights, and Platform Pricing. The group provides solutions to the Agriculture Science Program, Energy & Infrastructure, Forestry & Land Use, Mapping, Sustainability, Maritime, Civil Government, U.S. State and Local, Europe, Planet Federal, Defense & Intelligence, and Armed Services.
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