PB Ratio: 11.22

Basis: FMP quote market capitalization / matching reported stockholders equity. 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 11.22 is 22% below its estimated 5-year average of 14.42, near the low end of its estimated 5-year range (6.34–25.19).

As of 2026-09-09T20:00:02.000Z. 7.24% below its estimated 12-month average of 12.10.

SPOT PB Ratio Metrics

P/B vs. estimated history

At 11.22, P/B is below its estimated 8-year median — higher than 28% of readings in its estimated 8-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.

Book Value Analysis

PB Ratio Formula & Definition

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

PB Ratio FAQ

What is the P/B ratio for Spotify Technology S.A. (SPOT)?

The P/B ratio for SPOT stock is 11.22.

Is Spotify Technology S.A.'s P/B ratio high or low?

The P/B ratio of 11.22 is 22% below its estimated 5-year average of 14.42, near the low end of its estimated 5-year range (6.34–25.19).

What is the estimated TTM average P/B ratio for Spotify Technology S.A. (SPOT)?

The estimated TTM average P/B ratio for SPOT stock is 12.10.

What is the estimated 3Y average P/B ratio for Spotify Technology S.A. (SPOT)?

The estimated 3Y average P/B ratio for SPOT stock is 16.33.

What is the estimated 5Y average P/B ratio for Spotify Technology S.A. (SPOT)?

The estimated 5Y average P/B ratio for SPOT stock is 14.42.

Showing the most recent 260 of 1,995 data points. The chart above shows the full history.

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