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 25.34 is 12% above its 5-year average of 22.61, near the high end of its 5-year range (15.42–27.13).
7.94% above its 12-month average of 23.48.
PB RATIO
25.34
PB RATIO AVG TTM
23.48
PB RATIO AVG 3Y
23.89
PB RATIO AVG 5Y
23.23
PB RATIO AVG 10Y
19.07
PB RATIO AVG 15Y
14.11
PB RATIO AVG 20Y
11.28
CURRENT VS TTM AVG
+7.94%
CURRENT VS 3Y AVG
+6.06%
CURRENT VS 5Y AVG
+9.07%
CURRENT VS 10Y AVG
+32.89%
CURRENT VS 15Y AVG
+79.59%
CURRENT VS 20Y AVG
+124.72%
SECTOR MEDIAN · INDUSTRIALS
5.55
median of 128 covered companies
CURRENT VS SECTOR MEDIAN
+356.58%
vs the sector median at left
Market Cap
$81.99B
PB Ratio
2.48
TTM Avg
2.43
3Y Avg
2.35
5Y Avg
2.75
Market Cap
$78.54B
PB Ratio
5.12
TTM Avg
4.13
3Y Avg
4.66
5Y Avg
4.89
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Illinois Tool Works Inc. (ITW) | $81.42B | 25.34 | 23.48 | 23.89 | 23.23 |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $81.99B | 2.48 | 2.43 | 2.35 | 2.75 |
| Cintas Corporation (CTAS)vs › | $82.39B | 16.20 | 16.56 | 17.14 | 15.46 |
| Emerson Electric Co. (EMR)vs › | $82.86B | 4.10 | 3.87 | 3.34 | 4.09 |
| Norfolk Southern Corporation (NSC)vs › | $78.76B | 4.71 | 4.36 | 4.15 | 4.25 |
| Canadian National Railway Company (CNI)vs › | $78.54B | 5.12 | 4.13 | 4.66 | 4.89 |
| United Parcel Service, Inc. (UPS)vs › | $85.70B | 6.19 | 5.32 | 6.15 | 8.26 |
| Honeywell International Inc. (HON)vs › | $77.06B | 3.07 | 4.00 | 3.98 | 3.95 |
| Northrop Grumman Corporation (NOC)vs › | $77.03B | 4.32 | 5.31 | 4.92 | 5.05 |
| Johnson Controls International plc (JCI)vs › | $87.47B | 6.50 | 5.72 | 3.92 | 3.40 |
At 25.34, P/B is richer than usual, sitting higher than 96% of its 20-year history.
20-year low
1.59
median
7.96
20-year high
27.83
P/B Ratio
25.34
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 |
|---|---|
| 2026-07-24 | 25.34 |
| 2026-07-23 | 24.79 |
| 2026-07-22 | 24.53 |
| 2026-07-21 | 24.35 |
| 2026-07-20 | 24.33 |
| 2026-07-17 | 24.72 |
| 2026-07-16 | 25.33 |
| 2026-07-15 | 24.30 |
| 2026-07-14 | 24.38 |
| 2026-07-13 | 24.31 |
| 2026-07-10 | 24.07 |
| 2026-07-09 | 23.77 |
| 2026-07-08 | 23.74 |
| 2026-07-07 | 24.27 |
| 2026-07-06 | 24.56 |
| 2026-07-02 | 24.42 |
| 2026-07-01 | 24.08 |
| 2026-06-30 | 24.22 |
| 2026-06-29 | 23.95 |
| 2026-06-26 | 23.97 |
| 2026-06-25 | 24.23 |
| 2026-06-24 | 23.61 |
| 2026-06-23 | 23.43 |
| 2026-06-22 | 23.75 |
| 2026-06-18 | 23.64 |
| 2026-06-17 | 23.47 |
| 2026-06-16 | 23.80 |
| 2026-06-15 | 23.50 |
| 2026-06-12 | 23.05 |
| 2026-06-11 | 22.78 |
| 2026-06-10 | 22.40 |
| 2026-06-09 | 22.97 |
| 2026-06-08 | 22.60 |
| 2026-06-05 | 22.63 |
| 2026-06-04 | 22.48 |
| 2026-06-03 | 22.41 |
| 2026-06-02 | 22.26 |
| 2026-06-01 | 22.01 |
| 2026-05-29 | 22.14 |
| 2026-05-28 | 22.35 |
| 2026-05-27 | 22.41 |
| 2026-05-26 | 22.42 |
| 2026-05-22 | 22.58 |
| 2026-05-21 | 22.38 |
| 2026-05-20 | 22.45 |
| 2026-05-19 | 22.15 |
| 2026-05-18 | 22.33 |
| 2026-05-15 | 22.18 |
| 2026-05-14 | 22.45 |
| 2026-05-13 | 22.39 |
| 2026-05-12 | 22.51 |
| 2026-05-11 | 22.57 |
| 2026-05-08 | 22.81 |
| 2026-05-07 | 22.88 |
| 2026-05-06 | 23.44 |
| 2026-05-05 | 22.91 |
| 2026-05-04 | 22.64 |
| 2026-05-01 | 22.99 |
| 2026-04-30 | 23.22 |
| 2026-04-29 | 23.91 |
| 2026-04-28 | 24.16 |
| 2026-04-27 | 24.27 |
| 2026-04-24 | 24.23 |
| 2026-04-23 | 24.58 |
| 2026-04-22 | 24.03 |
| 2026-04-21 | 24.39 |
| 2026-04-20 | 24.54 |
| 2026-04-17 | 24.50 |
| 2026-04-16 | 23.90 |
| 2026-04-15 | 23.79 |
| 2026-04-14 | 24.50 |
| 2026-04-13 | 24.70 |
| 2026-04-10 | 24.34 |
| 2026-04-09 | 24.58 |
| 2026-04-08 | 24.25 |
| 2026-04-07 | 23.31 |
| 2026-04-06 | 23.26 |
| 2026-04-02 | 23.23 |
| 2026-04-01 | 23.44 |
| 2026-03-31 | 23.42 |
| 2026-03-30 | 23.05 |
| 2026-03-27 | 23.31 |
| 2026-03-26 | 23.52 |
| 2026-03-25 | 23.98 |
| 2026-03-24 | 23.85 |
| 2026-03-23 | 23.64 |
| 2026-03-20 | 23.19 |
| 2026-03-19 | 23.45 |
| 2026-03-18 | 23.46 |
| 2026-03-17 | 24.09 |
| 2026-03-16 | 24.17 |
| 2026-03-13 | 24.02 |
| 2026-03-12 | 23.90 |
| 2026-03-11 | 24.43 |
| 2026-03-10 | 24.59 |
| 2026-03-09 | 24.89 |
| 2026-03-06 | 24.94 |
| 2026-03-05 | 25.42 |
| 2026-03-04 | 25.84 |
| 2026-03-03 | 25.73 |
| 2026-03-02 | 26.20 |
| 2026-02-27 | 26.15 |
| 2026-02-26 | 26.12 |
| 2026-02-25 | 26.07 |
| 2026-02-24 | 26.51 |
| 2026-02-23 | 26.39 |
| 2026-02-20 | 26.54 |
| 2026-02-19 | 26.44 |
| 2026-02-18 | 26.65 |
| 2026-02-17 | 26.76 |
| 2026-02-13 | 26.96 |
| 2026-02-12 | 27.13 |
| 2026-02-11 | 27.09 |
| 2026-02-10 | 26.75 |
| 2026-02-09 | 26.41 |
| 2026-02-06 | 26.69 |
| 2026-02-05 | 26.21 |
| 2026-02-04 | 26.25 |
| 2026-02-03 | 25.35 |
| 2026-02-02 | 24.02 |
| 2026-01-30 | 23.75 |
| 2026-01-29 | 23.89 |
| 2026-01-28 | 23.48 |
| 2026-01-27 | 23.52 |
| 2026-01-26 | 23.56 |
| 2026-01-23 | 23.48 |
| 2026-01-22 | 23.61 |
| 2026-01-21 | 23.63 |
| 2026-01-20 | 23.13 |
| 2026-01-16 | 23.95 |
| 2026-01-15 | 23.81 |
| 2026-01-14 | 23.53 |
| 2026-01-13 | 23.34 |
| 2026-01-12 | 23.14 |
| 2026-01-09 | 23.19 |
| 2026-01-08 | 23.06 |
| 2026-01-07 | 22.45 |
| 2026-01-06 | 23.10 |
| 2026-01-05 | 22.69 |
| 2026-01-02 | 22.68 |
| 2025-12-31 | 22.39 |
| 2025-12-30 | 22.80 |
| 2025-12-29 | 22.93 |
| 2025-12-26 | 22.95 |
| 2025-12-24 | 22.90 |
| 2025-12-23 | 22.89 |
| 2025-12-22 | 22.87 |
| 2025-12-19 | 22.74 |
| 2025-12-18 | 22.83 |
| 2025-12-17 | 22.94 |
| 2025-12-16 | 22.79 |
| 2025-12-15 | 23.51 |
| 2025-12-12 | 23.45 |
| 2025-12-11 | 23.40 |
| 2025-12-10 | 23.05 |
| 2025-12-09 | 22.42 |
| 2025-12-08 | 22.56 |
| 2025-12-05 | 22.70 |
| 2025-12-04 | 22.67 |
| 2025-12-03 | 22.73 |
| 2025-12-02 | 22.58 |
| 2025-12-01 | 22.50 |
| 2025-11-28 | 22.66 |
| 2025-11-26 | 22.63 |
| 2025-11-25 | 22.58 |
| 2025-11-24 | 22.05 |
| 2025-11-21 | 22.52 |
| 2025-11-20 | 21.92 |
| 2025-11-19 | 21.91 |
| 2025-11-18 | 21.99 |
| 2025-11-17 | 21.94 |
| 2025-11-14 | 22.18 |
| 2025-11-13 | 22.30 |
| 2025-11-12 | 22.31 |
| 2025-11-11 | 22.30 |
| 2025-11-10 | 22.20 |
| 2025-11-07 | 22.32 |
| 2025-11-06 | 22.21 |
| 2025-11-05 | 22.28 |
| 2025-11-04 | 22.26 |
| 2025-11-03 | 22.10 |
| 2025-10-31 | 22.17 |
| 2025-10-30 | 22.15 |
| 2025-10-29 | 22.00 |
| 2025-10-28 | 22.35 |
| 2025-10-27 | 22.53 |
| 2025-10-24 | 22.34 |
| 2025-10-23 | 23.49 |
| 2025-10-22 | 23.08 |
| 2025-10-21 | 23.46 |
| 2025-10-20 | 23.03 |
| 2025-10-17 | 22.74 |
| 2025-10-16 | 22.53 |
| 2025-10-15 | 22.60 |
| 2025-10-14 | 22.64 |
| 2025-10-13 | 22.31 |
| 2025-10-10 | 22.35 |
| 2025-10-09 | 22.66 |
| 2025-10-08 | 23.06 |
| 2025-10-07 | 23.34 |
| 2025-10-06 | 23.61 |
| 2025-10-03 | 23.72 |
| 2025-10-02 | 23.79 |
| 2025-10-01 | 23.72 |
| 2025-09-30 | 23.79 |
| 2025-09-29 | 23.85 |
| 2025-09-26 | 23.82 |
| 2025-09-25 | 23.53 |
| 2025-09-24 | 23.68 |
| 2025-09-23 | 23.84 |
| 2025-09-22 | 23.81 |
| 2025-09-19 | 23.89 |
| 2025-09-18 | 24.05 |
| 2025-09-17 | 23.95 |
| 2025-09-16 | 23.89 |
| 2025-09-15 | 24.08 |
| 2025-09-12 | 24.03 |
| 2025-09-11 | 24.31 |
| 2025-09-10 | 23.96 |
| 2025-09-09 | 23.92 |
| 2025-09-08 | 24.33 |
| 2025-09-05 | 24.29 |
| 2025-09-04 | 24.24 |
| 2025-09-03 | 23.84 |
| 2025-09-02 | 23.93 |
| 2025-08-29 | 24.15 |
| 2025-08-28 | 24.25 |
| 2025-08-27 | 24.35 |
| 2025-08-26 | 24.29 |
| 2025-08-25 | 24.34 |
| 2025-08-22 | 24.58 |
| 2025-08-21 | 23.82 |
| 2025-08-20 | 23.91 |
| 2025-08-19 | 24.08 |
| 2025-08-18 | 23.65 |
| 2025-08-15 | 23.60 |
| 2025-08-14 | 23.95 |
| 2025-08-13 | 24.39 |
| 2025-08-12 | 23.77 |
| 2025-08-11 | 23.44 |
| 2025-08-08 | 23.45 |
| 2025-08-07 | 23.43 |
| 2025-08-06 | 23.50 |
| 2025-08-05 | 23.36 |
| 2025-08-04 | 23.14 |
| 2025-08-01 | 23.02 |
| 2025-07-31 | 23.36 |
| 2025-07-30 | 23.05 |
| 2025-07-29 | 23.58 |
| 2025-07-28 | 23.63 |
| 2025-07-25 | 23.78 |
| 2025-07-24 | 23.79 |
| 2025-07-23 | 23.92 |
| 2025-07-22 | 23.64 |
| 2025-07-21 | 23.14 |
| 2025-07-18 | 23.18 |
| 2025-07-17 | 23.42 |
| 2025-07-16 | 23.34 |
| 2025-07-15 | 23.30 |
| 2025-07-14 | 23.41 |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.