Basis: FMP quote market capitalization / matching reported stockholders equity. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/B ratio high or low?
The P/B ratio of 8.59 is 37% below its estimated 5-year average of 13.62, near the low end of its estimated 5-year range (6.75–23.10).
As of 2026-09-10T20:00:01.000Z. 15.91% below its estimated 12-month average of 10.21.
Quote observation: 2026-09-10T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: edb1e8b560b3630b7af3c35bb57cda011f0ca7e6c946fe4d59156f2be06e0e20
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-09.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
PB RATIO
8.59
PB RATIO AVG TTM
10.21
PB RATIO AVG 3Y
13.38
PB RATIO AVG 5Y
13.62
PB RATIO AVG 10Y
13.98
PB RATIO AVG 15Y
10.84
PB RATIO AVG 20Y
9.13
CURRENT VS TTM AVG
-15.91%
CURRENT VS 3Y AVG
-35.81%
CURRENT VS 5Y AVG
-36.94%
CURRENT VS 10Y AVG
-38.55%
CURRENT VS 15Y AVG
-20.79%
CURRENT VS 20Y AVG
-5.88%
SECTOR MEDIAN · TECHNOLOGY
6.37
median of 183 covered companies
CURRENT VS SECTOR MEDIAN
+34.85%
vs the sector median at left
Market Cap
$106.86B
PB Ratio
17.72
TTM Avg
15.78
3Y Avg
21.26
5Y Avg
23.03
Market Cap
$87.64B
PB Ratio
7.18
TTM Avg
5.14
3Y Avg
3.23
5Y Avg
2.63
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Adobe Inc. (ADBE) | $98.91B | 8.59 | 10.21 | 13.38 | 13.62 |
| AppLovin Corporation (APP)vs › | $105.65B | 33.40 | 103.47 | 85.91 | 58.98 |
| Automatic Data Processing, Inc. (ADP)vs › | $106.86B | 17.72 | 15.78 | 21.26 | 23.03 |
| Accenture plc (ACN)vs › | $108.87B | 3.41 | 4.23 | 6.39 | 7.47 |
| ASE Technology Holding Co., Ltd. (ASX)vs › | $87.64B | 7.18 | 5.14 | 3.23 | 2.63 |
| Cloudflare, Inc. (NET)vs › | $110.39B | 68.14 | 54.60 | 44.10 | 41.34 |
| Intuit Inc. (INTU)vs › | $85.55B | N/A | 6.77 | 8.82 | 9.14 |
| Snowflake Inc. (SNOW)vs › | $114.28B | 53.16 | 36.54 | 22.33 | 18.17 |
| Fortinet, Inc. (FTNT)vs › | $116.55B | 75.14 | 73.25 | 151.46 | 455.83 |
| Datadog, Inc. (DDOG)vs › | $78.92B | 18.07 | 16.93 | 18.07 | 23.35 |
At 8.59, P/B is near its estimated 20-year median — higher than 54% of readings in its estimated 20-year history.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
estimated 20-year low
1.91
median
7.08
estimated 20-year high
23.79
P/B Ratio
8.59
Market Price / Book Value per Share
PB Ratio = Market Cap / Total Shareholders' Equity
The price-to-book ratio compares market capitalization to book value (shareholders' equity). Lower values can indicate a cheaper valuation relative to net assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PB RATIO |
|---|---|
| 2026-09-09 | 8.90 |
| 2026-09-08 | 8.98 |
| 2026-09-04 | 9.30 |
| 2026-09-03 | 9.97 |
| 2026-09-02 | 9.77 |
| 2026-09-01 | 9.98 |
| 2026-08-31 | 10.22 |
| 2026-08-28 | 10.17 |
| 2026-08-27 | 10.09 |
| 2026-08-26 | 9.54 |
| 2026-08-25 | 9.56 |
| 2026-08-24 | 9.64 |
| 2026-08-21 | 9.61 |
| 2026-08-20 | 9.50 |
| 2026-08-19 | 9.51 |
| 2026-08-18 | 9.18 |
| 2026-08-17 | 8.87 |
| 2026-08-14 | 9.21 |
| 2026-08-13 | 9.44 |
| 2026-08-12 | 9.03 |
| 2026-08-11 | 9.20 |
| 2026-08-10 | 9.53 |
| 2026-08-07 | 9.26 |
| 2026-08-06 | 9.08 |
| 2026-08-05 | 9.05 |
| 2026-08-04 | 8.99 |
| 2026-08-03 | 8.77 |
| 2026-07-31 | 8.74 |
| 2026-07-30 | 8.65 |
| 2026-07-29 | 9.19 |
| 2026-07-28 | 8.70 |
| 2026-07-27 | 8.30 |
| 2026-07-24 | 7.86 |
| 2026-07-23 | 7.41 |
| 2026-07-22 | 7.62 |
| 2026-07-21 | 7.93 |
| 2026-07-20 | 8.19 |
| 2026-07-17 | 8.28 |
| 2026-07-16 | 8.21 |
| 2026-07-15 | 7.84 |
| 2026-07-14 | 7.71 |
| 2026-07-13 | 8.05 |
| 2026-07-10 | 7.81 |
| 2026-07-09 | 7.77 |
| 2026-07-08 | 7.71 |
| 2026-07-07 | 7.73 |
| 2026-07-06 | 7.61 |
| 2026-07-02 | 7.67 |
| 2026-07-01 | 7.36 |
| 2026-06-30 | 7.16 |
| 2026-06-29 | 7.20 |
| 2026-06-26 | 7.08 |
| 2026-06-25 | 6.75 |
| 2026-06-24 | 6.86 |
| 2026-06-23 | 6.89 |
| 2026-06-22 | 6.80 |
| 2026-06-18 | 6.81 |
| 2026-06-17 | 6.85 |
| 2026-06-16 | 7.24 |
| 2026-06-15 | 7.42 |
| 2026-06-12 | 7.33 |
| 2026-06-11 | 7.87 |
| 2026-06-10 | 8.39 |
| 2026-06-09 | 8.55 |
| 2026-06-08 | 8.81 |
| 2026-06-05 | 9.04 |
| 2026-06-04 | 9.29 |
| 2026-06-03 | 9.21 |
| 2026-06-02 | 9.42 |
| 2026-06-01 | 9.85 |
| 2026-05-29 | 9.32 |
| 2026-05-28 | 8.68 |
| 2026-05-27 | 8.56 |
| 2026-05-26 | 8.65 |
| 2026-05-22 | 8.80 |
| 2026-05-21 | 8.78 |
| 2026-05-20 | 9.11 |
| 2026-05-19 | 9.17 |
| 2026-05-18 | 9.19 |
| 2026-05-15 | 8.90 |
| 2026-05-14 | 8.52 |
| 2026-05-13 | 8.49 |
| 2026-05-12 | 8.66 |
| 2026-05-11 | 8.85 |
| 2026-05-08 | 9.10 |
| 2026-05-07 | 9.22 |
| 2026-05-06 | 8.99 |
| 2026-05-05 | 9.19 |
| 2026-05-04 | 9.13 |
| 2026-05-01 | 9.01 |
| 2026-04-30 | 8.85 |
| 2026-04-29 | 8.76 |
| 2026-04-28 | 8.74 |
| 2026-04-27 | 8.60 |
| 2026-04-24 | 8.82 |
| 2026-04-23 | 8.59 |
| 2026-04-22 | 9.20 |
| 2026-04-21 | 8.89 |
| 2026-04-20 | 8.94 |
| 2026-04-17 | 8.79 |
| 2026-04-16 | 8.92 |
| 2026-04-15 | 8.80 |
| 2026-04-14 | 8.47 |
| 2026-04-13 | 8.63 |
| 2026-04-10 | 8.10 |
| 2026-04-09 | 8.27 |
| 2026-04-08 | 8.60 |
| 2026-04-07 | 8.63 |
| 2026-04-06 | 8.78 |
| 2026-04-02 | 8.73 |
| 2026-04-01 | 8.68 |
| 2026-03-31 | 8.74 |
| 2026-03-30 | 8.67 |
| 2026-03-27 | 8.44 |
| 2026-03-26 | 8.66 |
| 2026-03-25 | 8.51 |
| 2026-03-24 | 8.57 |
| 2026-03-23 | 8.88 |
| 2026-03-20 | 8.90 |
| 2026-03-19 | 8.83 |
| 2026-03-18 | 8.83 |
| 2026-03-17 | 9.12 |
| 2026-03-16 | 9.04 |
| 2026-03-13 | 8.94 |
| 2026-03-12 | 9.68 |
| 2026-03-11 | 9.82 |
| 2026-03-10 | 9.87 |
| 2026-03-09 | 10.13 |
| 2026-03-06 | 10.18 |
| 2026-03-05 | 10.11 |
| 2026-03-04 | 9.80 |
| 2026-03-03 | 9.72 |
| 2026-03-02 | 9.36 |
| 2026-02-27 | 9.41 |
| 2026-02-26 | 9.29 |
| 2026-02-25 | 9.25 |
| 2026-02-24 | 9.15 |
| 2026-02-23 | 8.85 |
| 2026-02-20 | 9.28 |
| 2026-02-19 | 9.30 |
| 2026-02-18 | 9.44 |
| 2026-02-17 | 9.34 |
| 2026-02-13 | 9.47 |
| 2026-02-12 | 9.42 |
| 2026-02-11 | 9.23 |
| 2026-02-10 | 9.50 |
| 2026-02-09 | 9.58 |
| 2026-02-06 | 9.63 |
| 2026-02-05 | 9.66 |
| 2026-02-04 | 10.04 |
| 2026-02-03 | 9.76 |
| 2026-02-02 | 10.53 |
| 2026-01-30 | 10.52 |
| 2026-01-29 | 10.46 |
| 2026-01-28 | 10.75 |
| 2026-01-27 | 10.67 |
| 2026-01-26 | 10.93 |
| 2026-01-23 | 10.80 |
| 2026-01-22 | 10.75 |
| 2026-01-21 | 10.56 |
| 2026-01-20 | 10.42 |
| 2026-01-16 | 10.62 |
| 2026-01-15 | 11.11 |
| 2026-01-14 | 11.12 |
| 2026-01-13 | 11.32 |
| 2026-01-12 | 11.97 |
| 2026-01-09 | 12.20 |
| 2026-01-08 | 12.39 |
| 2026-01-07 | 12.35 |
| 2026-01-06 | 12.27 |
| 2026-01-05 | 12.11 |
| 2026-01-02 | 12.18 |
| 2025-12-31 | 12.79 |
| 2025-12-30 | 12.88 |
| 2025-12-29 | 12.90 |
| 2025-12-26 | 12.93 |
| 2025-12-24 | 12.90 |
| 2025-12-23 | 12.88 |
| 2025-12-22 | 13.06 |
| 2025-12-19 | 13.00 |
| 2025-12-18 | 13.00 |
| 2025-12-17 | 12.96 |
| 2025-12-16 | 12.71 |
| 2025-12-15 | 12.83 |
| 2025-12-12 | 13.02 |
| 2025-12-11 | 12.80 |
| 2025-12-10 | 12.54 |
| 2025-12-09 | 12.58 |
| 2025-12-08 | 12.39 |
| 2025-12-05 | 12.65 |
| 2025-12-04 | 12.01 |
| 2025-12-03 | 11.94 |
| 2025-12-02 | 11.79 |
| 2025-12-01 | 11.79 |
| 2025-11-28 | 11.70 |
| 2025-11-26 | 11.60 |
| 2025-11-25 | 11.67 |
| 2025-11-24 | 11.64 |
| 2025-11-21 | 11.84 |
| 2025-11-20 | 11.41 |
| 2025-11-19 | 11.62 |
| 2025-11-18 | 11.85 |
| 2025-11-17 | 11.88 |
| 2025-11-14 | 12.10 |
| 2025-11-13 | 12.19 |
| 2025-11-12 | 12.31 |
| 2025-11-11 | 12.17 |
| 2025-11-10 | 12.01 |
| 2025-11-07 | 11.94 |
| 2025-11-06 | 11.96 |
| 2025-11-05 | 12.26 |
| 2025-11-04 | 12.25 |
| 2025-11-03 | 12.33 |
| 2025-10-31 | 12.43 |
| 2025-10-30 | 12.39 |
| 2025-10-29 | 12.34 |
| 2025-10-28 | 13.15 |
| 2025-10-27 | 13.07 |
| 2025-10-24 | 12.92 |
| 2025-10-23 | 12.94 |
| 2025-10-22 | 12.94 |
| 2025-10-21 | 13.06 |
| 2025-10-20 | 12.55 |
| 2025-10-17 | 12.18 |
| 2025-10-16 | 12.03 |
| 2025-10-15 | 12.08 |
| 2025-10-14 | 12.27 |
| 2025-10-13 | 12.40 |
| 2025-10-10 | 12.33 |
| 2025-10-09 | 12.69 |
| 2025-10-08 | 12.74 |
| 2025-10-07 | 12.73 |
| 2025-10-06 | 12.79 |
| 2025-10-03 | 12.67 |
| 2025-10-02 | 12.84 |
| 2025-10-01 | 12.56 |
| 2025-09-30 | 12.89 |
| 2025-09-29 | 13.13 |
| 2025-09-26 | 13.17 |
| 2025-09-25 | 12.94 |
| 2025-09-24 | 13.36 |
| 2025-09-23 | 13.68 |
| 2025-09-22 | 13.77 |
| 2025-09-19 | 13.84 |
| 2025-09-18 | 13.90 |
| 2025-09-17 | 13.69 |
| 2025-09-16 | 13.34 |
| 2025-09-15 | 13.13 |
| 2025-09-12 | 13.21 |
| 2025-09-11 | 13.26 |
| 2025-09-10 | 13.24 |
| 2025-09-09 | 13.39 |
| 2025-09-08 | 13.57 |
| 2025-09-05 | 13.20 |
| 2025-09-04 | 13.02 |
| 2025-09-03 | 13.18 |
| 2025-09-02 | 13.07 |
| 2025-08-29 | 13.49 |
| 2025-08-28 | 13.39 |
| 2025-08-27 | 13.48 |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.