Applied EnergeticsAERG -6.02%26 PB Ratio is 56.82 as of Jun. 24, 2026, which is 57% below its 10-year median of 133.64. GuruFocus rates AERG with a GF Score™ of 26/100 and a GF Value™ of $0.33 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,413 Hardware companies, Applied Energetics ranks worse than 99.42% on this metric.
The historical rank and industry rank for Applied Energetics's PB Ratio or its related term are showing as below:
AERG'
s PB Ratio Range Over the Past 10 Years
Min: 32.22 Med: 133.64 Max: 800
Current: 62.5
During the past 13 years, Applied Energetics's highest PB Ratio was 800.00. The lowest was 32.22. And the median was 133.64.
AERG's PB Ratio is ranked worse than 99.42% of 2413
companies
in the Hardware industry
Industry Median: 2.42
vs AERG: 62.50
During the past 12 months, Applied Energetics's average Book Value Per Share Growth Rate was 10.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -1.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Applied Energetics was 45.90% per year. The lowest was -91.30% per year. And the median was -17.20% per year.
Back to Basics: PB Ratio
Applied Energetics (OTCPK:AERG) 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.
Applied Energetics PB Ratio Related Terms
Applied Energetics PB Ratio Historical Data
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The historical data trend for Applied Energetics's PB Ratio 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.
For the Scientific & Technical Instruments subindustry, Applied Energetics'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.
Applied Energetics PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Applied Energetics's PB Ratio distribution charts can be found below:
* The bar in red indicates where Applied Energetics'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.
Applied Energetics (AERG) has a PB Ratio of 56.82 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Applied Energetics and its competitors. This is 57% below median its historical median of 133.64. Over the past decade, Applied Energetics' PB Ratio has ranged from 32.22 to 800.00. According to the industry distribution chart, Applied Energetics ranks #2399 out of 2413 companies in the Hardware industry, placing it in the top 99.4%.
Is Applied Energetics' PB Ratio too high?
Applied Energetics' current PB Ratio of 56.82 is 57% below median its 10-year median of 133.64. Over the past 10 years, this metric has ranged from a low of 32.22 to a high of 800.00. The Hardware industry median PB Ratio is 2.42. Applied Energetics' value of 56.82 is 2247.9% above this industry median. Based on the distribution chart, Applied Energetics ranks #2399 out of 2413 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Applied Energetics has a GF Score™ of 26/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied Energetics' PB Ratio compare to MVIS and ARBE?
According to the Hardware industry distribution chart, Applied Energetics ranks #2399 out of 2413 companies for PB Ratio. This places Applied Energetics in the lower half of its industry. The industry median PB Ratio is 2.42. Applied Energetics' value of 56.82 is 2247.9% above this benchmark. Historically, Applied Energetics' own PB Ratio has ranged from 32.22 to 800.00 over the past decade. While the company's 10-year median is 133.64 vs. the industry median of 2.42, Applied Energetics has consistently been above 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 Hardware company?
The median PB Ratio among Hardware companies is 2.42, based on 2,413 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. Applied Energetics's current PB Ratio of 56.82 is 2247.9% 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 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 Applied Energetics and its competitors. For the Hardware industry, the median PB Ratio is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Applied Energetics's current PB Ratio is 56.82, which is 57% below median its own 10-year median of 133.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Applied Energetics stock overvalued right now?
Based on GuruFocus' analysis, Applied Energetics (AERG) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.33, compared to a current price of $1.25 — trading 278.8% above its estimated fair value. The current PB Ratio is 56.82, which is 57% below median its 10-year median of 133.64 and 2247.9% above the Hardware industry median of 2.42. Applied Energetics' overall GF Score™ is 26/100 with 4 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 Applied Energetics (AERG), the current PB Ratio is 56.82 as of Jun. 24, 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 Applied Energetics (AERG) Overvalued in 2026?
Based on GuruFocus' analysis, Applied Energetics stock appears to be overvalued.
The current stock price of $1.25 is trading 278.8% above its estimated GF Value™ of $0.33.
GuruFocus considers Applied Energetics to be Significantly Overvalued.
Key valuation signals for AERG:
PB Ratio: 56.82 (57% below median its 10-year median of 133.64)
GF Value™: $0.33 vs. price of $1.25 (278.8% above fair value)
Industry Position: 2247.9% above the Hardware median (#2399 of 2413)
No single metric tells the full story. See the AERG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied Energetics Inc specializes in laser and photonics systems, particularly fiber-based ultrashort pulse (USP) laser technologies. Its powerful, dual-use systems are designed for integration and deployment on numerous potential defense platforms for the delivery of high-intensity, ultrashort pulses of light to disable or destroy a target or disrupt a mission. These technologies have applications in both national security and commercial markets. The company operates as one operating segment with a focus on the development and manufacture of high-performance lasers and optical systems, and integrated guided energy systems, for prospective defense, national security, industrial, biomedical, and scientific customers across the world.
26GF Score
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