Basis: Latest stored market observation. 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 11.58 is in line with its 5-year average of 12.84, near the low end of its 5-year range (5.43–26.40).
As of Friday, September 4, 2026. 18.11% below its 12-month average of 14.14.
PB RATIO
11.58
PB RATIO AVG TTM
14.14
PB RATIO AVG 3Y
16.25
PB RATIO AVG 5Y
12.84
PB RATIO AVG 10Y
10.25
PB RATIO AVG 15Y
9.05
PB RATIO AVG 20Y
7.73
CURRENT VS TTM AVG
-18.11%
CURRENT VS 3Y AVG
-28.74%
CURRENT VS 5Y AVG
-9.84%
CURRENT VS 10Y AVG
+13.02%
CURRENT VS 15Y AVG
+27.91%
CURRENT VS 20Y AVG
+49.81%
SECTOR MEDIAN · INDUSTRIALS
5.26
median of 150 covered companies
CURRENT VS SECTOR MEDIAN
+120.15%
vs the sector median at left
Market Cap
$38.90B
PB Ratio
8.53
TTM Avg
8.96
3Y Avg
9.55
5Y Avg
9.69
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Axon Enterprise, Inc. (AXON) | $40.53B | 11.58 | 14.14 | 16.25 | 12.84 |
| Waste Connections, Inc. (WCN)vs › | $41.02B | 5.33 | 5.28 | 5.52 | 5.30 |
| Paychex, Inc. (PAYX)vs › | $41.59B | 11.67 | 9.94 | 11.70 | 12.43 |
| Ferrovial SE (FER)vs › | $42.13B | 6.40 | 6.94 | 6.48 | 5.79 |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $38.90B | 8.53 | 8.96 | 9.55 | 9.69 |
| Rocket Lab USA, Inc. (RKLB)vs › | $38.24B | 11.59 | 28.15 | 20.18 | 14.21 |
| Thomson Reuters Corporation (TRI)vs › | $43.12B | 4.17 | 4.26 | 5.75 | 5.22 |
| HEICO Corporation (HEI)vs › | $44.31B | 9.29 | 10.24 | 9.65 | 9.24 |
| Ferguson plc (FERG)vs › | $44.28B | 7.15 | 7.99 | 7.45 | 6.92 |
| HEICO Corporation (HEI-A)vs › | $45.42B | 6.86 | 7.80 | 7.53 | 7.34 |
At 11.58, P/B is above its 20-year median — higher than 81% of readings in its 20-year history.
20-year low
1.58
median
8.13
20-year high
26.40
P/B Ratio
11.58
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 |
|---|---|
| 2026-09-04 | 11.58 |
| 2026-09-03 | 12.09 |
| 2026-09-02 | 11.39 |
| 2026-09-01 | 11.64 |
| 2026-08-31 | 12.72 |
| 2026-08-28 | 13.49 |
| 2026-08-27 | 13.73 |
| 2026-08-26 | 13.64 |
| 2026-08-25 | 13.77 |
| 2026-08-24 | 13.42 |
| 2026-08-21 | 14.10 |
| 2026-08-20 | 13.79 |
| 2026-08-19 | 14.50 |
| 2026-08-18 | 13.92 |
| 2026-08-17 | 13.57 |
| 2026-08-14 | 13.76 |
| 2026-08-13 | 13.82 |
| 2026-08-12 | 13.47 |
| 2026-08-11 | 14.29 |
| 2026-08-10 | 13.39 |
| 2026-08-07 | 12.82 |
| 2026-08-06 | 11.73 |
| 2026-08-05 | 13.69 |
| 2026-08-04 | 14.17 |
| 2026-08-03 | 13.44 |
| 2026-07-31 | 12.32 |
| 2026-07-30 | 12.26 |
| 2026-07-29 | 12.40 |
| 2026-07-28 | 12.78 |
| 2026-07-27 | 12.26 |
| 2026-07-24 | 11.72 |
| 2026-07-23 | 11.48 |
| 2026-07-22 | 11.47 |
| 2026-07-21 | 11.93 |
| 2026-07-20 | 12.31 |
| 2026-07-17 | 11.91 |
| 2026-07-16 | 12.64 |
| 2026-07-15 | 12.63 |
| 2026-07-14 | 12.77 |
| 2026-07-13 | 12.77 |
| 2026-07-10 | 13.20 |
| 2026-07-09 | 13.58 |
| 2026-07-08 | 14.00 |
| 2026-07-07 | 14.95 |
| 2026-07-06 | 14.52 |
| 2026-07-02 | 13.93 |
| 2026-07-01 | 13.86 |
| 2026-06-30 | 13.08 |
| 2026-06-29 | 11.92 |
| 2026-06-26 | 10.85 |
| 2026-06-25 | 10.38 |
| 2026-06-24 | 10.66 |
| 2026-06-23 | 10.11 |
| 2026-06-22 | 9.57 |
| 2026-06-18 | 9.88 |
| 2026-06-17 | 9.87 |
| 2026-06-16 | 10.16 |
| 2026-06-15 | 10.34 |
| 2026-06-12 | 10.31 |
| 2026-06-11 | 10.41 |
| 2026-06-10 | 10.45 |
| 2026-06-09 | 10.56 |
| 2026-06-08 | 10.99 |
| 2026-06-05 | 11.34 |
| 2026-06-04 | 11.98 |
| 2026-06-03 | 11.24 |
| 2026-06-02 | 11.44 |
| 2026-06-01 | 11.13 |
| 2026-05-29 | 10.47 |
| 2026-05-28 | 10.25 |
| 2026-05-27 | 9.13 |
| 2026-05-26 | 8.99 |
| 2026-05-22 | 9.01 |
| 2026-05-21 | 9.10 |
| 2026-05-20 | 9.30 |
| 2026-05-19 | 9.16 |
| 2026-05-18 | 9.32 |
| 2026-05-15 | 9.15 |
| 2026-05-14 | 9.06 |
| 2026-05-13 | 8.79 |
| 2026-05-12 | 9.19 |
| 2026-05-11 | 9.20 |
| 2026-05-08 | 9.42 |
| 2026-05-07 | 9.96 |
| 2026-05-06 | 9.01 |
| 2026-05-05 | 11.74 |
| 2026-05-04 | 12.14 |
| 2026-05-01 | 12.41 |
| 2026-04-30 | 12.39 |
| 2026-04-29 | 12.35 |
| 2026-04-28 | 12.53 |
| 2026-04-27 | 12.42 |
| 2026-04-24 | 12.25 |
| 2026-04-23 | 12.11 |
| 2026-04-22 | 12.43 |
| 2026-04-21 | 12.49 |
| 2026-04-20 | 12.45 |
| 2026-04-17 | 12.42 |
| 2026-04-16 | 12.12 |
| 2026-04-15 | 12.40 |
| 2026-04-14 | 11.75 |
| 2026-04-13 | 11.09 |
| 2026-04-10 | 10.67 |
| 2026-04-09 | 10.83 |
| 2026-04-08 | 12.07 |
| 2026-04-07 | 11.50 |
| 2026-04-06 | 12.74 |
| 2026-04-02 | 12.73 |
| 2026-04-01 | 13.06 |
| 2026-03-31 | 13.10 |
| 2026-03-30 | 12.80 |
| 2026-03-27 | 13.26 |
| 2026-03-26 | 13.89 |
| 2026-03-25 | 14.19 |
| 2026-03-24 | 14.08 |
| 2026-03-23 | 15.64 |
| 2026-03-20 | 15.30 |
| 2026-03-19 | 15.49 |
| 2026-03-18 | 15.68 |
| 2026-03-17 | 15.62 |
| 2026-03-16 | 15.10 |
| 2026-03-13 | 15.30 |
| 2026-03-12 | 15.40 |
| 2026-03-11 | 15.96 |
| 2026-03-10 | 16.34 |
| 2026-03-09 | 17.24 |
| 2026-03-06 | 17.70 |
| 2026-03-05 | 17.59 |
| 2026-03-04 | 17.57 |
| 2026-03-03 | 17.86 |
| 2026-03-02 | 17.64 |
| 2026-02-27 | 16.73 |
| 2026-02-26 | 16.97 |
| 2026-02-25 | 16.04 |
| 2026-02-24 | 13.65 |
| 2026-02-23 | 10.97 |
| 2026-02-20 | 11.24 |
| 2026-02-19 | 11.42 |
| 2026-02-18 | 11.14 |
| 2026-02-17 | 11.19 |
| 2026-02-13 | 11.13 |
| 2026-02-12 | 11.29 |
| 2026-02-11 | 11.25 |
| 2026-02-10 | 11.58 |
| 2026-02-09 | 11.23 |
| 2026-02-06 | 10.73 |
| 2026-02-05 | 10.35 |
| 2026-02-04 | 11.15 |
| 2026-02-03 | 11.69 |
| 2026-02-02 | 11.91 |
| 2026-01-30 | 12.52 |
| 2026-01-29 | 13.20 |
| 2026-01-28 | 14.24 |
| 2026-01-27 | 15.80 |
| 2026-01-26 | 15.67 |
| 2026-01-23 | 15.88 |
| 2026-01-22 | 15.73 |
| 2026-01-21 | 15.80 |
| 2026-01-20 | 16.07 |
| 2026-01-16 | 16.47 |
| 2026-01-15 | 16.50 |
| 2026-01-14 | 16.30 |
| 2026-01-13 | 16.61 |
| 2026-01-12 | 16.36 |
| 2026-01-09 | 16.36 |
| 2026-01-08 | 15.88 |
| 2026-01-07 | 16.08 |
| 2026-01-06 | 16.23 |
| 2026-01-05 | 15.31 |
| 2026-01-02 | 14.59 |
| 2025-12-31 | 14.71 |
| 2025-12-30 | 14.82 |
| 2025-12-29 | 15.04 |
| 2025-12-26 | 15.12 |
| 2025-12-24 | 15.31 |
| 2025-12-23 | 15.31 |
| 2025-12-22 | 15.54 |
| 2025-12-19 | 15.39 |
| 2025-12-18 | 14.59 |
| 2025-12-17 | 14.24 |
| 2025-12-16 | 14.38 |
| 2025-12-15 | 14.29 |
| 2025-12-12 | 14.61 |
| 2025-12-11 | 15.05 |
| 2025-12-10 | 14.72 |
| 2025-12-09 | 14.16 |
| 2025-12-08 | 14.33 |
| 2025-12-05 | 14.27 |
| 2025-12-04 | 14.26 |
| 2025-12-03 | 14.08 |
| 2025-12-02 | 13.93 |
| 2025-12-01 | 13.81 |
| 2025-11-28 | 13.99 |
| 2025-11-26 | 13.81 |
| 2025-11-25 | 13.70 |
| 2025-11-24 | 13.59 |
| 2025-11-21 | 13.52 |
| 2025-11-20 | 13.46 |
| 2025-11-19 | 13.75 |
| 2025-11-18 | 13.82 |
| 2025-11-17 | 14.07 |
| 2025-11-14 | 14.36 |
| 2025-11-13 | 14.43 |
| 2025-11-12 | 14.75 |
| 2025-11-11 | 14.82 |
| 2025-11-10 | 15.14 |
| 2025-11-07 | 15.60 |
| 2025-11-06 | 15.21 |
| 2025-11-05 | 16.56 |
| 2025-11-04 | 18.29 |
| 2025-11-03 | 21.75 |
| 2025-10-31 | 21.99 |
| 2025-10-30 | 22.19 |
| 2025-10-29 | 22.81 |
| 2025-10-28 | 22.67 |
| 2025-10-27 | 22.49 |
| 2025-10-24 | 22.10 |
| 2025-10-23 | 21.52 |
| 2025-10-22 | 21.06 |
| 2025-10-21 | 21.23 |
| 2025-10-20 | 20.52 |
| 2025-10-17 | 20.14 |
| 2025-10-16 | 19.59 |
| 2025-10-15 | 19.37 |
| 2025-10-14 | 21.16 |
| 2025-10-13 | 21.32 |
| 2025-10-10 | 21.11 |
| 2025-10-09 | 22.05 |
| 2025-10-08 | 21.85 |
| 2025-10-07 | 21.46 |
| 2025-10-06 | 21.67 |
| 2025-10-03 | 21.49 |
| 2025-10-02 | 21.64 |
| 2025-10-01 | 21.36 |
| 2025-09-30 | 21.55 |
| 2025-09-29 | 21.50 |
| 2025-09-26 | 21.29 |
| 2025-09-25 | 21.39 |
| 2025-09-24 | 20.96 |
| 2025-09-23 | 23.35 |
| 2025-09-22 | 23.30 |
| 2025-09-19 | 23.26 |
| 2025-09-18 | 23.02 |
| 2025-09-17 | 22.58 |
| 2025-09-16 | 22.54 |
| 2025-09-15 | 22.85 |
| 2025-09-12 | 22.71 |
| 2025-09-11 | 22.56 |
| 2025-09-10 | 22.45 |
| 2025-09-09 | 21.98 |
| 2025-09-08 | 22.24 |
| 2025-09-05 | 21.88 |
| 2025-09-04 | 21.93 |
| 2025-09-03 | 21.78 |
| 2025-09-02 | 22.33 |
| 2025-08-29 | 22.44 |
| 2025-08-28 | 23.48 |
| 2025-08-27 | 23.12 |
| 2025-08-26 | 23.10 |
| 2025-08-25 | 22.93 |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.