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 73.23 is 84% below its 5-year average of 455.29, near the low end of its 5-year range (27.97–5587.21).
7.81% above its 12-month average of 67.93.
PB RATIO
73.23
PB RATIO AVG TTM
67.93
PB RATIO AVG 3Y
90.96
PB RATIO AVG 5Y
91.63
PB RATIO AVG 10Y
35.86
PB RATIO AVG 15Y
21.58
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+7.81%
CURRENT VS 3Y AVG
-19.49%
CURRENT VS 5Y AVG
-20.08%
CURRENT VS 10Y AVG
+104.22%
CURRENT VS 15Y AVG
+239.42%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
6.26
median of 173 covered companies
CURRENT VS SECTOR MEDIAN
+1069.81%
vs the sector median at left
Market Cap
$104.21B
PB Ratio
18.10
TTM Avg
16.02
3Y Avg
21.68
5Y Avg
22.97
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fortinet, Inc. (FTNT) | $112.26B | 73.23 | 67.93 | 90.96 | 91.63 |
| ServiceNow, Inc. (NOW)vs › | $112.99B | 6.42 | 12.40 | 17.46 | 20.73 |
| Corning Inc (GLW)vs › | $115.40B | 8.63 | 9.03 | 5.09 | 4.07 |
| Automatic Data Processing, Inc. (ADP)vs › | $104.21B | 18.10 | 16.02 | 21.68 | 22.97 |
| Snowflake Inc. (SNOW)vs › | $102.03B | 50.37 | 33.32 | 20.53 | 17.26 |
| Cloudflare, Inc. (NET)vs › | $100.16B | 62.45 | 53.58 | 42.82 | 40.91 |
| Accenture plc (ACN)vs › | $99.42B | 3.34 | 4.43 | 6.56 | 7.64 |
| Adobe Inc. (ADBE)vs › | $98.39B | 9.19 | 10.66 | 13.66 | 14.15 |
| Datadog, Inc. (DDOG)vs › | $94.69B | 24.16 | 16.32 | 18.00 | 23.88 |
| Cadence Design Systems, Inc. (CDNS)vs › | $91.26B | 13.34 | 16.54 | 18.93 | 18.47 |
At 73.23, P/B is richer than usual, sitting higher than 86% of its 16-year history.
16-year low
4.71
median
12.75
16-year high
5587.21
P/B Ratio
73.23
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 |
|---|---|
| 2026-07-29 | 73.23 |
| 2026-07-28 | 112.56 |
| 2026-07-27 | 114.37 |
| 2026-07-24 | 114.36 |
| 2026-07-23 | 113.74 |
| 2026-07-22 | 116.37 |
| 2026-07-21 | 118.66 |
| 2026-07-20 | 120.36 |
| 2026-07-17 | 121.29 |
| 2026-07-16 | 120.67 |
| 2026-07-15 | 123.47 |
| 2026-07-14 | 125.21 |
| 2026-07-13 | 120.55 |
| 2026-07-10 | 118.22 |
| 2026-07-09 | 122.88 |
| 2026-07-08 | 117.62 |
| 2026-07-07 | 119.09 |
| 2026-07-06 | 121.85 |
| 2026-07-02 | 117.27 |
| 2026-07-01 | 119.32 |
| 2026-06-30 | 115.30 |
| 2026-06-29 | 116.65 |
| 2026-06-26 | 113.59 |
| 2026-06-25 | 112.53 |
| 2026-06-24 | 109.04 |
| 2026-06-23 | 111.08 |
| 2026-06-22 | 109.12 |
| 2026-06-18 | 108.62 |
| 2026-06-17 | 108.18 |
| 2026-06-16 | 110.34 |
| 2026-06-15 | 112.20 |
| 2026-06-12 | 109.80 |
| 2026-06-11 | 108.87 |
| 2026-06-10 | 104.23 |
| 2026-06-09 | 103.87 |
| 2026-06-08 | 107.36 |
| 2026-06-05 | 108.59 |
| 2026-06-04 | 112.33 |
| 2026-06-03 | 109.94 |
| 2026-06-02 | 111.72 |
| 2026-06-01 | 110.43 |
| 2026-05-29 | 103.55 |
| 2026-05-28 | 97.34 |
| 2026-05-27 | 96.02 |
| 2026-05-26 | 100.54 |
| 2026-05-22 | 100.52 |
| 2026-05-21 | 97.16 |
| 2026-05-20 | 97.57 |
| 2026-05-19 | 95.80 |
| 2026-05-18 | 94.94 |
| 2026-05-15 | 92.15 |
| 2026-05-14 | 91.46 |
| 2026-05-13 | 88.33 |
| 2026-05-12 | 85.46 |
| 2026-05-11 | 86.64 |
| 2026-05-08 | 85.61 |
| 2026-05-07 | 81.03 |
| 2026-05-06 | 54.37 |
| 2026-05-05 | 54.35 |
| 2026-05-04 | 53.94 |
| 2026-05-01 | 52.16 |
| 2026-04-30 | 50.96 |
| 2026-04-29 | 52.05 |
| 2026-04-28 | 51.81 |
| 2026-04-27 | 51.78 |
| 2026-04-24 | 50.98 |
| 2026-04-23 | 50.02 |
| 2026-04-22 | 52.64 |
| 2026-04-21 | 51.53 |
| 2026-04-20 | 49.93 |
| 2026-04-17 | 49.47 |
| 2026-04-16 | 49.81 |
| 2026-04-15 | 48.14 |
| 2026-04-14 | 47.57 |
| 2026-04-13 | 47.59 |
| 2026-04-10 | 46.36 |
| 2026-04-09 | 48.75 |
| 2026-04-08 | 50.48 |
| 2026-04-07 | 50.60 |
| 2026-04-06 | 49.74 |
| 2026-04-02 | 49.88 |
| 2026-04-01 | 49.05 |
| 2026-03-31 | 49.40 |
| 2026-03-30 | 47.78 |
| 2026-03-27 | 47.27 |
| 2026-03-26 | 48.98 |
| 2026-03-25 | 47.68 |
| 2026-03-24 | 47.96 |
| 2026-03-23 | 50.03 |
| 2026-03-20 | 49.20 |
| 2026-03-19 | 50.24 |
| 2026-03-18 | 50.40 |
| 2026-03-17 | 50.27 |
| 2026-03-16 | 51.07 |
| 2026-03-13 | 50.43 |
| 2026-03-12 | 51.02 |
| 2026-03-11 | 50.46 |
| 2026-03-10 | 50.89 |
| 2026-03-09 | 50.66 |
| 2026-03-06 | 50.57 |
| 2026-03-05 | 51.03 |
| 2026-03-04 | 50.04 |
| 2026-03-03 | 49.02 |
| 2026-03-02 | 47.86 |
| 2026-02-27 | 47.77 |
| 2026-02-26 | 47.87 |
| 2026-02-25 | 46.75 |
| 2026-02-24 | 45.47 |
| 2026-02-23 | 79.21 |
| 2026-02-20 | 83.82 |
| 2026-02-19 | 85.57 |
| 2026-02-18 | 84.54 |
| 2026-02-17 | 85.59 |
| 2026-02-13 | 89.65 |
| 2026-02-12 | 88.28 |
| 2026-02-11 | 92.01 |
| 2026-02-10 | 89.61 |
| 2026-02-09 | 90.03 |
| 2026-02-06 | 86.71 |
| 2026-02-05 | 82.70 |
| 2026-02-04 | 84.99 |
| 2026-02-03 | 83.09 |
| 2026-02-02 | 85.17 |
| 2026-01-30 | 85.14 |
| 2026-01-29 | 85.40 |
| 2026-01-28 | 86.00 |
| 2026-01-27 | 85.61 |
| 2026-01-26 | 87.04 |
| 2026-01-23 | 85.54 |
| 2026-01-22 | 81.33 |
| 2026-01-21 | 79.37 |
| 2026-01-20 | 79.06 |
| 2026-01-16 | 78.98 |
| 2026-01-15 | 79.96 |
| 2026-01-14 | 80.04 |
| 2026-01-13 | 82.07 |
| 2026-01-12 | 82.42 |
| 2026-01-09 | 83.00 |
| 2026-01-08 | 81.78 |
| 2026-01-07 | 83.84 |
| 2026-01-06 | 82.19 |
| 2026-01-05 | 81.66 |
| 2026-01-02 | 81.60 |
| 2025-12-31 | 83.20 |
| 2025-12-30 | 84.14 |
| 2025-12-29 | 84.68 |
| 2025-12-26 | 85.45 |
| 2025-12-24 | 85.06 |
| 2025-12-23 | 84.51 |
| 2025-12-22 | 85.64 |
| 2025-12-19 | 84.07 |
| 2025-12-18 | 83.56 |
| 2025-12-17 | 83.17 |
| 2025-12-16 | 86.41 |
| 2025-12-15 | 85.41 |
| 2025-12-12 | 86.15 |
| 2025-12-11 | 86.41 |
| 2025-12-10 | 85.50 |
| 2025-12-09 | 87.49 |
| 2025-12-08 | 87.52 |
| 2025-12-05 | 91.07 |
| 2025-12-04 | 89.25 |
| 2025-12-03 | 86.71 |
| 2025-12-02 | 86.90 |
| 2025-12-01 | 85.73 |
| 2025-11-28 | 85.00 |
| 2025-11-26 | 84.40 |
| 2025-11-25 | 84.73 |
| 2025-11-24 | 83.58 |
| 2025-11-21 | 82.63 |
| 2025-11-20 | 81.77 |
| 2025-11-19 | 83.54 |
| 2025-11-18 | 83.98 |
| 2025-11-17 | 85.85 |
| 2025-11-14 | 86.24 |
| 2025-11-13 | 84.90 |
| 2025-11-12 | 86.06 |
| 2025-11-11 | 87.65 |
| 2025-11-10 | 86.21 |
| 2025-11-07 | 85.70 |
| 2025-11-06 | 84.39 |
| 2025-11-05 | 32.34 |
| 2025-11-04 | 32.05 |
| 2025-11-03 | 32.91 |
| 2025-10-31 | 32.50 |
| 2025-10-30 | 31.66 |
| 2025-10-29 | 31.67 |
| 2025-10-28 | 32.29 |
| 2025-10-27 | 32.07 |
| 2025-10-24 | 32.17 |
| 2025-10-23 | 31.94 |
| 2025-10-22 | 31.84 |
| 2025-10-21 | 31.88 |
| 2025-10-20 | 31.91 |
| 2025-10-17 | 31.38 |
| 2025-10-16 | 31.26 |
| 2025-10-15 | 31.43 |
| 2025-10-14 | 31.24 |
| 2025-10-13 | 31.66 |
| 2025-10-10 | 31.23 |
| 2025-10-09 | 32.41 |
| 2025-10-08 | 32.51 |
| 2025-10-07 | 31.93 |
| 2025-10-06 | 32.48 |
| 2025-10-03 | 32.26 |
| 2025-10-02 | 32.45 |
| 2025-10-01 | 32.03 |
| 2025-09-30 | 31.62 |
| 2025-09-29 | 31.83 |
| 2025-09-26 | 31.71 |
| 2025-09-25 | 31.29 |
| 2025-09-24 | 31.44 |
| 2025-09-23 | 32.07 |
| 2025-09-22 | 31.97 |
| 2025-09-19 | 31.67 |
| 2025-09-18 | 30.46 |
| 2025-09-17 | 30.19 |
| 2025-09-16 | 30.00 |
| 2025-09-15 | 30.46 |
| 2025-09-12 | 29.96 |
| 2025-09-11 | 30.42 |
| 2025-09-10 | 29.89 |
| 2025-09-09 | 30.02 |
| 2025-09-08 | 30.22 |
| 2025-09-05 | 29.64 |
| 2025-09-04 | 28.74 |
| 2025-09-03 | 28.80 |
| 2025-09-02 | 28.93 |
| 2025-08-29 | 29.62 |
| 2025-08-28 | 29.82 |
| 2025-08-27 | 29.38 |
| 2025-08-26 | 29.20 |
| 2025-08-25 | 29.20 |
| 2025-08-22 | 30.09 |
| 2025-08-21 | 29.24 |
| 2025-08-20 | 29.94 |
| 2025-08-19 | 29.37 |
| 2025-08-18 | 30.37 |
| 2025-08-15 | 29.75 |
| 2025-08-14 | 29.05 |
| 2025-08-13 | 29.83 |
| 2025-08-12 | 29.51 |
| 2025-08-11 | 28.04 |
| 2025-08-08 | 27.97 |
| 2025-08-07 | 28.32 |
| 2025-08-06 | 38.22 |
| 2025-08-05 | 38.07 |
| 2025-08-04 | 39.00 |
| 2025-08-01 | 38.53 |
| 2025-07-31 | 39.53 |
| 2025-07-30 | 40.25 |
| 2025-07-29 | 41.46 |
| 2025-07-28 | 41.51 |
| 2025-07-25 | 41.48 |
| 2025-07-24 | 41.46 |
| 2025-07-23 | 41.58 |
| 2025-07-22 | 41.48 |
| 2025-07-21 | 42.32 |
| 2025-07-18 | 41.72 |
| 2025-07-17 | 41.52 |
Showing the most recent 260 of 3,822 data points. The chart above shows the full history.