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 10.15 is 41% below its estimated 5-year average of 17.34, near the low end of its estimated 5-year range (7.28–54.23).
As of 2026-10-06T21:03:02.438Z. 17.15% below its estimated 12-month average of 12.25.
Calculation as of: 2026-10-06T21:03:02.438Z.
Quote observation: 2026-10-06T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: efb72110a0108a9291e66a9953289a9badb7b8a2af5000f8c1a18a9fba3a410e
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
10.15
PB RATIO AVG TTM
12.25
PB RATIO AVG 3Y
14.81
PB RATIO AVG 5Y
17.34
PB RATIO AVG 10Y
14.96
PB RATIO AVG 15Y
11.80
PB RATIO AVG 20Y
9.50
CURRENT VS TTM AVG
-17.15%
CURRENT VS 3Y AVG
-31.48%
CURRENT VS 5Y AVG
-41.45%
CURRENT VS 10Y AVG
-32.16%
CURRENT VS 15Y AVG
-13.96%
CURRENT VS 20Y AVG
+6.79%
SECTOR MEDIAN · TECHNOLOGY
3.44
median of 581 covered companies
CURRENT VS SECTOR MEDIAN
+195.06%
vs the sector median at left
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Pegasystems Inc. (PEGA) | $5.69B | 10.15 | 12.25 | 14.81 | 17.34 |
| Genpact Limited (G)vs › | $5.67B | 2.18 | 2.59 | 2.95 | 3.59 |
| EPAM Systems, Inc. (EPAM)vs › | $5.71B | 1.62 | 2.11 | 3.12 | 5.16 |
| Varonis Systems, Inc. (VRNS)vs › | $5.64B | 12.68 | 8.71 | 11.15 | 9.37 |
| Impinj, Inc. (PI)vs › | $5.62B | 24.28 | 22.11 | 37.67 | 146.57 |
| D-Wave Quantum Inc. (QBTS)vs › | $5.80B | 5.35 | 9.41 | 14.26 | 14.26 |
| Open Text Corporation (OTEX)vs › | $5.51B | 1.37 | N/A | N/A | N/A |
| Lyft, Inc. (LYFT)vs › | $5.98B | 1.98 | 6.00 | 8.52 | 8.33 |
| Cirrus Logic, Inc. (CRUS)vs › | $6.00B | 2.74 | 3.44 | 3.19 | 3.10 |
| ExlService Holdings, Inc. (EXLS)vs › | $5.37B | 6.20 | 6.13 | 6.67 | 6.83 |
At 10.15, P/B is near its estimated 20-year median — higher than 62% 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
1.77
median
7.32
estimated 20-year high
54.23
P/B Ratio
10.15
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 | 10.80 |
| 2026-10-02 | 10.61 |
| 2026-10-01 | 10.77 |
| 2026-09-30 | 10.41 |
| 2026-09-29 | 10.31 |
| 2026-09-28 | 10.39 |
| 2026-09-25 | 10.55 |
| 2026-09-24 | 10.71 |
| 2026-09-23 | 11.00 |
| 2026-09-22 | 10.86 |
| 2026-09-21 | 10.94 |
| 2026-09-18 | 10.96 |
| 2026-09-17 | 11.28 |
| 2026-09-16 | 11.52 |
| 2026-09-15 | 11.77 |
| 2026-09-14 | 12.11 |
| 2026-09-11 | 11.34 |
| 2026-09-10 | 11.17 |
| 2026-09-09 | 10.96 |
| 2026-09-08 | 11.20 |
| 2026-09-04 | 11.69 |
| 2026-09-03 | 11.80 |
| 2026-09-02 | 11.67 |
| 2026-09-01 | 11.47 |
| 2026-08-31 | 11.51 |
| 2026-08-28 | 11.31 |
| 2026-08-27 | 11.23 |
| 2026-08-26 | 10.58 |
| 2026-08-25 | 10.64 |
| 2026-08-24 | 10.72 |
| 2026-08-21 | 10.50 |
| 2026-08-20 | 10.51 |
| 2026-08-19 | 10.58 |
| 2026-08-18 | 10.17 |
| 2026-08-17 | 9.97 |
| 2026-08-14 | 10.11 |
| 2026-08-13 | 10.48 |
| 2026-08-12 | 9.81 |
| 2026-08-11 | 10.34 |
| 2026-08-10 | 10.33 |
| 2026-08-07 | 10.24 |
| 2026-08-06 | 9.91 |
| 2026-08-05 | 9.95 |
| 2026-08-04 | 9.93 |
| 2026-08-03 | 9.81 |
| 2026-07-31 | 9.56 |
| 2026-07-30 | 9.39 |
| 2026-07-29 | 9.68 |
| 2026-07-28 | 9.24 |
| 2026-07-27 | 8.95 |
| 2026-07-24 | 8.39 |
| 2026-07-23 | 8.14 |
| 2026-07-22 | 8.13 |
| 2026-07-21 | 7.84 |
| 2026-07-20 | 8.03 |
| 2026-07-17 | 8.15 |
| 2026-07-16 | 8.34 |
| 2026-07-15 | 7.92 |
| 2026-07-14 | 7.77 |
| 2026-07-13 | 8.09 |
| 2026-07-10 | 7.91 |
| 2026-07-09 | 8.12 |
| 2026-07-08 | 7.99 |
| 2026-07-07 | 8.16 |
| 2026-07-06 | 7.92 |
| 2026-07-02 | 7.87 |
| 2026-07-01 | 7.88 |
| 2026-06-30 | 7.59 |
| 2026-06-29 | 7.71 |
| 2026-06-26 | 7.80 |
| 2026-06-25 | 7.28 |
| 2026-06-24 | 7.58 |
| 2026-06-23 | 7.56 |
| 2026-06-22 | 7.44 |
| 2026-06-18 | 7.62 |
| 2026-06-17 | 7.66 |
| 2026-06-16 | 8.20 |
| 2026-06-15 | 8.29 |
| 2026-06-12 | 8.30 |
| 2026-06-11 | 8.31 |
| 2026-06-10 | 8.34 |
| 2026-06-09 | 8.65 |
| 2026-06-08 | 8.89 |
| 2026-06-05 | 8.79 |
| 2026-06-04 | 8.98 |
| 2026-06-03 | 8.89 |
| 2026-06-02 | 9.28 |
| 2026-06-01 | 9.61 |
| 2026-05-29 | 9.05 |
| 2026-05-28 | 8.57 |
| 2026-05-27 | 8.55 |
| 2026-05-26 | 8.70 |
| 2026-05-22 | 8.70 |
| 2026-05-21 | 8.68 |
| 2026-05-20 | 8.71 |
| 2026-05-19 | 8.49 |
| 2026-05-18 | 8.65 |
| 2026-05-15 | 8.54 |
| 2026-05-14 | 8.46 |
| 2026-05-13 | 8.29 |
| 2026-05-12 | 8.62 |
| 2026-05-11 | 8.68 |
| 2026-05-08 | 9.12 |
| 2026-05-07 | 9.31 |
| 2026-05-06 | 9.21 |
| 2026-05-05 | 9.36 |
| 2026-05-04 | 9.32 |
| 2026-05-01 | 9.17 |
| 2026-04-30 | 9.26 |
| 2026-04-29 | 9.04 |
| 2026-04-28 | 9.11 |
| 2026-04-27 | 9.32 |
| 2026-04-24 | 9.46 |
| 2026-04-23 | 8.93 |
| 2026-04-22 | 9.50 |
| 2026-04-21 | 9.19 |
| 2026-04-20 | 10.24 |
| 2026-04-17 | 10.20 |
| 2026-04-16 | 10.12 |
| 2026-04-15 | 10.00 |
| 2026-04-14 | 9.64 |
| 2026-04-13 | 9.73 |
| 2026-04-10 | 9.21 |
| 2026-04-09 | 9.33 |
| 2026-04-08 | 9.64 |
| 2026-04-07 | 9.91 |
| 2026-04-06 | 9.94 |
| 2026-04-02 | 9.97 |
| 2026-04-01 | 9.89 |
| 2026-03-31 | 9.95 |
| 2026-03-30 | 9.70 |
| 2026-03-27 | 9.43 |
| 2026-03-26 | 9.86 |
| 2026-03-25 | 9.70 |
| 2026-03-24 | 9.81 |
| 2026-03-23 | 10.38 |
| 2026-03-20 | 10.16 |
| 2026-03-19 | 10.09 |
| 2026-03-18 | 10.07 |
| 2026-03-17 | 9.94 |
| 2026-03-16 | 10.02 |
| 2026-03-13 | 9.93 |
| 2026-03-12 | 9.94 |
| 2026-03-11 | 10.20 |
| 2026-03-10 | 10.45 |
| 2026-03-09 | 10.80 |
| 2026-03-06 | 11.05 |
| 2026-03-05 | 11.06 |
| 2026-03-04 | 11.00 |
| 2026-03-03 | 10.53 |
| 2026-03-02 | 10.44 |
| 2026-02-27 | 10.23 |
| 2026-02-26 | 10.60 |
| 2026-02-25 | 10.08 |
| 2026-02-24 | 10.12 |
| 2026-02-23 | 9.82 |
| 2026-02-20 | 10.61 |
| 2026-02-19 | 10.47 |
| 2026-02-18 | 10.45 |
| 2026-02-17 | 10.41 |
| 2026-02-13 | 10.26 |
| 2026-02-12 | 9.49 |
| 2026-02-11 | 8.87 |
| 2026-02-10 | 13.27 |
| 2026-02-09 | 12.91 |
| 2026-02-06 | 12.38 |
| 2026-02-05 | 11.78 |
| 2026-02-04 | 12.11 |
| 2026-02-03 | 12.30 |
| 2026-02-02 | 13.44 |
| 2026-01-30 | 13.48 |
| 2026-01-29 | 13.76 |
| 2026-01-28 | 15.22 |
| 2026-01-27 | 15.36 |
| 2026-01-26 | 15.65 |
| 2026-01-23 | 15.54 |
| 2026-01-22 | 15.46 |
| 2026-01-21 | 14.78 |
| 2026-01-20 | 15.74 |
| 2026-01-16 | 16.04 |
| 2026-01-15 | 16.35 |
| 2026-01-14 | 17.32 |
| 2026-01-13 | 17.75 |
| 2026-01-12 | 17.98 |
| 2026-01-09 | 17.87 |
| 2026-01-08 | 18.35 |
| 2026-01-07 | 18.77 |
| 2026-01-06 | 18.52 |
| 2026-01-05 | 18.11 |
| 2026-01-02 | 17.29 |
| 2025-12-31 | 18.42 |
| 2025-12-30 | 18.91 |
| 2025-12-29 | 19.18 |
| 2025-12-26 | 19.26 |
| 2025-12-24 | 19.16 |
| 2025-12-23 | 19.32 |
| 2025-12-22 | 19.28 |
| 2025-12-19 | 18.87 |
| 2025-12-18 | 18.16 |
| 2025-12-17 | 17.72 |
| 2025-12-16 | 18.01 |
| 2025-12-15 | 18.01 |
| 2025-12-12 | 18.39 |
| 2025-12-11 | 18.95 |
| 2025-12-10 | 18.87 |
| 2025-12-09 | 18.92 |
| 2025-12-08 | 18.63 |
| 2025-12-05 | 18.54 |
| 2025-12-04 | 17.58 |
| 2025-12-03 | 16.88 |
| 2025-12-02 | 17.21 |
| 2025-12-01 | 16.92 |
| 2025-11-28 | 16.89 |
| 2025-11-26 | 16.76 |
| 2025-11-25 | 16.80 |
| 2025-11-24 | 16.77 |
| 2025-11-21 | 16.79 |
| 2025-11-20 | 16.16 |
| 2025-11-19 | 16.66 |
| 2025-11-18 | 16.73 |
| 2025-11-17 | 16.86 |
| 2025-11-14 | 17.54 |
| 2025-11-13 | 17.53 |
| 2025-11-12 | 18.28 |
| 2025-11-11 | 18.54 |
| 2025-11-10 | 18.45 |
| 2025-11-07 | 18.23 |
| 2025-11-06 | 18.19 |
| 2025-11-05 | 18.38 |
| 2025-11-04 | 18.83 |
| 2025-11-03 | 19.43 |
| 2025-10-31 | 19.63 |
| 2025-10-30 | 19.61 |
| 2025-10-29 | 19.55 |
| 2025-10-28 | 20.20 |
| 2025-10-27 | 20.56 |
| 2025-10-24 | 20.44 |
| 2025-10-23 | 20.25 |
| 2025-10-22 | 20.23 |
| 2025-10-21 | 16.64 |
| 2025-10-20 | 15.98 |
| 2025-10-17 | 15.57 |
| 2025-10-16 | 15.92 |
| 2025-10-15 | 16.11 |
| 2025-10-14 | 16.28 |
| 2025-10-13 | 16.00 |
| 2025-10-10 | 15.67 |
| 2025-10-09 | 16.40 |
| 2025-10-08 | 16.39 |
| 2025-10-07 | 16.06 |
| 2025-10-06 | 16.25 |
| 2025-10-03 | 16.18 |
| 2025-10-02 | 16.78 |
| 2025-10-01 | 16.64 |
| 2025-09-30 | 16.77 |
| 2025-09-29 | 17.09 |
| 2025-09-26 | 17.11 |
| 2025-09-25 | 17.00 |
| 2025-09-24 | 17.55 |
| 2025-09-23 | 17.61 |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.