Basis: FMP quote market capitalization / book value attributable to common shareholders (matching reported total stockholders equity minus preferred stock). 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 2.56 is 24% above its estimated 5-year average of 2.07, near the low end of its estimated 5-year range (0.59–13.04).
As of 2026-10-06T15:42:39.626Z. 59.32% above its estimated 12-month average of 1.61.
Calculation as of: 2026-10-06T15:42:39.626Z.
Quote observation: 2026-10-06T15:40:32.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 207388752a63bba1921efe3fac090378ffedb6b5685af2680b67ae7e4a1a3a04
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 2026-10-05.
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
2.56
PB RATIO AVG TTM
1.61
PB RATIO AVG 3Y
1.86
PB RATIO AVG 5Y
2.07
PB RATIO AVG 10Y
2.53
PB RATIO AVG 15Y
2.75
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+59.32%
CURRENT VS 3Y AVG
+37.31%
CURRENT VS 5Y AVG
+23.79%
CURRENT VS 10Y AVG
+1.11%
CURRENT VS 15Y AVG
-6.98%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
1.31
median of 538 covered companies
CURRENT VS SECTOR MEDIAN
+96.17%
vs the sector median at left
Marathon Digital Holdings, Inc.
Market Cap
$4.25B
PB Ratio
2.56
TTM Avg
1.61
3Y Avg
1.86
5Y Avg
2.07
Market Cap
$4.32B
PB Ratio
1.28
TTM Avg
1.37
3Y Avg
1.42
5Y Avg
1.37
Market Cap
$4.60B
PB Ratio
2.30
TTM Avg
2.45
3Y Avg
2.91
5Y Avg
3.30
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Marathon Digital Holdings, Inc. (MARA) | $4.25B | 2.56 | 1.61 | 1.86 | 2.07 |
| Fulton Financial Corporation (FULT)vs › | $4.31B | 1.19 | 1.18 | 1.12 | 1.10 |
| Defiance Quantum ETF (QTUM)vs › | $4.16B | N/A | N/A | N/A | N/A |
| International Bancshares Corporation (IBOC)vs › | $4.32B | 1.28 | 1.37 | 1.42 | 1.37 |
| Cathay General Bancorp (CATY)vs › | $4.06B | 1.33 | 1.26 | 1.16 | 1.19 |
| Fulton Financial Corporation (FULTP)vs › | $4.55B | 1.25 | 1.03 | 1.12 | 1.24 |
| First Financial Bankshares, Inc. (FFIN)vs › | $4.60B | 2.30 | 2.45 | 2.91 | 3.30 |
| CorVel Corporation (CRVL)vs › | $3.86B | 9.43 | 8.71 | 15.11 | 11.88 |
| Independent Bank Corp. (INDB)vs › | $3.85B | 1.10 | 1.09 | 0.94 | 1.05 |
| BFC Capital Trust II PFD TR 7.20% (BANFP)vs › | $3.83B | 1.96 | 0.49 | 0.54 | 0.63 |
At 2.56, P/B is near its estimated 14-year median — higher than 53% of readings in its estimated 14-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 14-year low
0.59
median
2.42
estimated 14-year high
41.61
P/B Ratio
2.56
Market Price / Book Value per Share
PB Ratio = Market Cap / (Total Shareholders' Equity − Preferred Stock)
The price-to-book ratio compares market capitalization to book value attributable to common shareholders (total equity minus preferred stock). Lower values can indicate a cheaper valuation relative to net assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PB RATIO |
|---|---|
| 2026-10-05 | 2.57 |
| 2026-10-02 | 2.58 |
| 2026-10-01 | 2.58 |
| 2026-09-30 | 2.60 |
| 2026-09-29 | 2.76 |
| 2026-09-28 | 2.78 |
| 2026-09-25 | 2.88 |
| 2026-09-24 | 2.97 |
| 2026-09-23 | 3.07 |
| 2026-09-22 | 3.13 |
| 2026-09-21 | 3.05 |
| 2026-09-18 | 3.04 |
| 2026-09-17 | 2.67 |
| 2026-09-16 | 2.54 |
| 2026-09-15 | 2.58 |
| 2026-09-14 | 2.64 |
| 2026-09-11 | 2.75 |
| 2026-09-10 | 2.63 |
| 2026-09-09 | 2.74 |
| 2026-09-08 | 2.72 |
| 2026-09-04 | 2.60 |
| 2026-09-03 | 2.67 |
| 2026-09-02 | 2.41 |
| 2026-09-01 | 2.35 |
| 2026-08-31 | 2.47 |
| 2026-08-28 | 2.45 |
| 2026-08-27 | 2.73 |
| 2026-08-26 | 2.58 |
| 2026-08-25 | 2.72 |
| 2026-08-24 | 2.57 |
| 2026-08-21 | 2.59 |
| 2026-08-20 | 2.56 |
| 2026-08-19 | 2.22 |
| 2026-08-18 | 2.06 |
| 2026-08-17 | 2.23 |
| 2026-08-14 | 2.11 |
| 2026-08-13 | 2.12 |
| 2026-08-12 | 2.22 |
| 2026-08-11 | 2.22 |
| 2026-08-10 | 2.20 |
| 2026-08-07 | 2.32 |
| 2026-08-06 | 1.81 |
| 2026-08-05 | 1.91 |
| 2026-08-04 | 2.00 |
| 2026-08-03 | 2.00 |
| 2026-07-31 | 1.93 |
| 2026-07-30 | 2.01 |
| 2026-07-29 | 1.71 |
| 2026-07-28 | 1.94 |
| 2026-07-27 | 2.00 |
| 2026-07-24 | 2.06 |
| 2026-07-23 | 2.18 |
| 2026-07-22 | 2.11 |
| 2026-07-21 | 2.09 |
| 2026-07-20 | 1.99 |
| 2026-07-17 | 1.82 |
| 2026-07-16 | 1.95 |
| 2026-07-15 | 2.09 |
| 2026-07-14 | 2.07 |
| 2026-07-13 | 2.08 |
| 2026-07-10 | 2.15 |
| 2026-07-09 | 2.25 |
| 2026-07-08 | 2.05 |
| 2026-07-07 | 2.05 |
| 2026-07-06 | 2.21 |
| 2026-07-02 | 2.11 |
| 2026-07-01 | 2.28 |
| 2026-06-30 | 2.37 |
| 2026-06-29 | 2.39 |
| 2026-06-26 | 2.48 |
| 2026-06-25 | 2.36 |
| 2026-06-24 | 2.38 |
| 2026-06-23 | 2.50 |
| 2026-06-22 | 2.53 |
| 2026-06-18 | 2.42 |
| 2026-06-17 | 2.37 |
| 2026-06-16 | 2.46 |
| 2026-06-15 | 2.49 |
| 2026-06-12 | 2.40 |
| 2026-06-11 | 2.32 |
| 2026-06-10 | 2.15 |
| 2026-06-09 | 2.27 |
| 2026-06-08 | 2.35 |
| 2026-06-05 | 2.10 |
| 2026-06-04 | 2.36 |
| 2026-06-03 | 2.38 |
| 2026-06-02 | 2.43 |
| 2026-06-01 | 2.53 |
| 2026-05-29 | 2.45 |
| 2026-05-28 | 2.40 |
| 2026-05-27 | 2.44 |
| 2026-05-26 | 2.43 |
| 2026-05-22 | 2.35 |
| 2026-05-21 | 2.31 |
| 2026-05-20 | 2.24 |
| 2026-05-19 | 2.12 |
| 2026-05-18 | 2.07 |
| 2026-05-15 | 2.12 |
| 2026-05-14 | 2.26 |
| 2026-05-13 | 2.17 |
| 2026-05-12 | 2.17 |
| 2026-05-11 | 1.37 |
| 2026-05-08 | 1.32 |
| 2026-05-07 | 1.30 |
| 2026-05-06 | 1.33 |
| 2026-05-05 | 1.24 |
| 2026-05-04 | 1.21 |
| 2026-05-01 | 1.17 |
| 2026-04-30 | 1.23 |
| 2026-04-29 | 1.10 |
| 2026-04-28 | 1.13 |
| 2026-04-27 | 1.14 |
| 2026-04-24 | 1.19 |
| 2026-04-23 | 1.21 |
| 2026-04-22 | 1.21 |
| 2026-04-21 | 1.15 |
| 2026-04-20 | 1.19 |
| 2026-04-17 | 1.19 |
| 2026-04-16 | 1.18 |
| 2026-04-15 | 1.07 |
| 2026-04-14 | 1.07 |
| 2026-04-13 | 1.06 |
| 2026-04-10 | 0.98 |
| 2026-04-09 | 0.99 |
| 2026-04-08 | 0.97 |
| 2026-04-07 | 0.92 |
| 2026-04-06 | 0.91 |
| 2026-04-02 | 0.89 |
| 2026-04-01 | 0.82 |
| 2026-03-31 | 0.83 |
| 2026-03-30 | 0.80 |
| 2026-03-27 | 0.82 |
| 2026-03-26 | 0.88 |
| 2026-03-25 | 0.85 |
| 2026-03-24 | 0.84 |
| 2026-03-23 | 0.91 |
| 2026-03-20 | 0.87 |
| 2026-03-19 | 0.94 |
| 2026-03-18 | 0.91 |
| 2026-03-17 | 0.95 |
| 2026-03-16 | 0.94 |
| 2026-03-13 | 0.95 |
| 2026-03-12 | 0.90 |
| 2026-03-11 | 0.87 |
| 2026-03-10 | 0.88 |
| 2026-03-09 | 0.89 |
| 2026-03-06 | 0.82 |
| 2026-03-05 | 0.90 |
| 2026-03-04 | 0.95 |
| 2026-03-03 | 0.89 |
| 2026-03-02 | 0.86 |
| 2026-02-27 | 0.81 |
| 2026-02-26 | 0.77 |
| 2026-02-25 | 0.78 |
| 2026-02-24 | 0.73 |
| 2026-02-23 | 0.72 |
| 2026-02-20 | 0.73 |
| 2026-02-19 | 0.73 |
| 2026-02-18 | 0.68 |
| 2026-02-17 | 0.68 |
| 2026-02-13 | 0.72 |
| 2026-02-12 | 0.66 |
| 2026-02-11 | 0.69 |
| 2026-02-10 | 0.70 |
| 2026-02-09 | 0.73 |
| 2026-02-06 | 0.75 |
| 2026-02-05 | 0.61 |
| 2026-02-04 | 0.75 |
| 2026-02-03 | 0.82 |
| 2026-02-02 | 0.83 |
| 2026-01-30 | 0.87 |
| 2026-01-29 | 0.90 |
| 2026-01-28 | 0.95 |
| 2026-01-27 | 0.96 |
| 2026-01-26 | 0.91 |
| 2026-01-23 | 0.96 |
| 2026-01-22 | 0.94 |
| 2026-01-21 | 0.96 |
| 2026-01-20 | 0.95 |
| 2026-01-16 | 1.04 |
| 2026-01-15 | 0.97 |
| 2026-01-14 | 1.01 |
| 2026-01-13 | 1.00 |
| 2026-01-12 | 0.97 |
| 2026-01-09 | 0.93 |
| 2026-01-08 | 0.95 |
| 2026-01-07 | 0.92 |
| 2026-01-06 | 0.94 |
| 2026-01-05 | 0.97 |
| 2026-01-02 | 0.90 |
| 2025-12-31 | 0.82 |
| 2025-12-30 | 0.85 |
| 2025-12-29 | 0.86 |
| 2025-12-26 | 0.87 |
| 2025-12-24 | 0.91 |
| 2025-12-23 | 0.90 |
| 2025-12-22 | 0.92 |
| 2025-12-19 | 0.93 |
| 2025-12-18 | 0.88 |
| 2025-12-17 | 0.91 |
| 2025-12-16 | 0.97 |
| 2025-12-15 | 0.98 |
| 2025-12-12 | 1.05 |
| 2025-12-11 | 1.08 |
| 2025-12-10 | 1.09 |
| 2025-12-09 | 1.12 |
| 2025-12-08 | 1.10 |
| 2025-12-05 | 1.07 |
| 2025-12-04 | 1.13 |
| 2025-12-03 | 1.14 |
| 2025-12-02 | 1.09 |
| 2025-12-01 | 1.05 |
| 2025-11-28 | 1.08 |
| 2025-11-26 | 1.01 |
| 2025-11-25 | 1.02 |
| 2025-11-24 | 1.02 |
| 2025-11-21 | 0.92 |
| 2025-11-20 | 0.93 |
| 2025-11-19 | 1.01 |
| 2025-11-18 | 1.08 |
| 2025-11-17 | 1.05 |
| 2025-11-14 | 1.09 |
| 2025-11-13 | 1.16 |
| 2025-11-12 | 1.31 |
| 2025-11-11 | 1.33 |
| 2025-11-10 | 1.42 |
| 2025-11-07 | 1.45 |
| 2025-11-06 | 1.45 |
| 2025-11-05 | 1.56 |
| 2025-11-04 | 1.53 |
| 2025-11-03 | 1.64 |
| 2025-10-31 | 1.68 |
| 2025-10-30 | 1.63 |
| 2025-10-29 | 1.74 |
| 2025-10-28 | 1.74 |
| 2025-10-27 | 1.80 |
| 2025-10-24 | 1.80 |
| 2025-10-23 | 1.77 |
| 2025-10-22 | 1.76 |
| 2025-10-21 | 1.85 |
| 2025-10-20 | 1.91 |
| 2025-10-17 | 1.80 |
| 2025-10-16 | 1.87 |
| 2025-10-15 | 2.10 |
| 2025-10-14 | 2.05 |
| 2025-10-13 | 1.86 |
| 2025-10-10 | 1.72 |
| 2025-10-09 | 1.86 |
| 2025-10-08 | 1.86 |
| 2025-10-07 | 1.86 |
| 2025-10-06 | 1.89 |
| 2025-10-03 | 1.73 |
| 2025-10-02 | 1.73 |
| 2025-10-01 | 1.71 |
| 2025-09-30 | 1.68 |
| 2025-09-29 | 1.72 |
| 2025-09-26 | 1.48 |
| 2025-09-25 | 1.48 |
| 2025-09-24 | 1.62 |
| 2025-09-23 | 1.63 |
Showing the most recent 260 of 3,358 data points. The chart above shows the full history.