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 2.30 is 32% above its estimated 5-year average of 1.74, around the middle of its estimated 5-year range (0.61–4.68).
As of 2026-10-06T21:23:31.549Z. 26.47% below its estimated 12-month average of 3.13.
Calculation as of: 2026-10-06T21:23:31.549Z.
Quote observation: 2026-10-06T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: bad1b782ed9114724406f8b9e7dd736acbd08b35f0fe443c5481291987e71109
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
2.30
PB RATIO AVG TTM
3.13
PB RATIO AVG 3Y
2.41
PB RATIO AVG 5Y
1.74
PB RATIO AVG 10Y
0.83
PB RATIO AVG 15Y
0.72
PB RATIO AVG 20Y
0.71
CURRENT VS TTM AVG
-26.47%
CURRENT VS 3Y AVG
-4.59%
CURRENT VS 5Y AVG
+31.90%
CURRENT VS 10Y AVG
+176.38%
CURRENT VS 15Y AVG
+218.30%
CURRENT VS 20Y AVG
+222.65%
SECTOR MEDIAN · INDUSTRIALS
2.39
median of 443 covered companies
CURRENT VS SECTOR MEDIAN
-3.77%
vs the sector median at left
Market Cap
$439.21M
PB Ratio
1.79
TTM Avg
2.17
3Y Avg
2.17
5Y Avg
2.17
Market Cap
$429.84M
PB Ratio
28.55
TTM Avg
164.80
3Y Avg
167.82
5Y Avg
167.82
Market Cap
$446.97M
PB Ratio
0.80
TTM Avg
0.80
3Y Avg
1.28
5Y Avg
1.55
Market Cap
$416.02M
PB Ratio
529.61
TTM Avg
154.70
3Y Avg
154.70
5Y Avg
154.70
Market Cap
$398.91M
PB Ratio
18.46
TTM Avg
27.05
3Y Avg
26.71
5Y Avg
26.71
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| TAT Technologies Ltd. (TATT) | $435.31M | 2.30 | 3.13 | 2.41 | 1.74 |
| Cardinal Infrastructure Group Inc. (CDNL)vs › | $439.21M | 1.79 | 2.17 | 2.17 | 2.17 |
| Falcon's Beyond Global, Inc. Class A Common Stock (FBYD)vs › | $429.84M | 28.55 | 164.80 | 167.82 | 167.82 |
| Universal Logistics Holdings, Inc. (ULH)vs › | $446.97M | 0.80 | 0.80 | 1.28 | 1.55 |
| Acacia Research Corporation (ACTG)vs › | $422.09M | 0.80 | 0.78 | 0.79 | 0.96 |
| BUUU Group Ltd (BUUU)vs › | $452.60M | 1176.61 | N/A | N/A | N/A |
| Phoenix Asia Holdings Limited Ordinary Shares (PHOE)vs › | $416.02M | 529.61 | 154.70 | 154.70 | 154.70 |
| Twin Disc, Incorporated (TWIN)vs › | $411.92M | 1.88 | 1.49 | 1.25 | 1.23 |
| Aduro Clean Technologies Inc. (ADUR)vs › | $398.91M | 18.46 | 27.05 | 26.71 | 26.71 |
| Forward Air Corporation (FWRD)vs › | $482.60M | N/A | 5.19 | 3.49 | 3.84 |
At 2.30, P/B is above its estimated 20-year median — higher than 87% 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
0.31
median
0.72
estimated 20-year high
4.98
P/B Ratio
2.30
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 | 2.30 |
| 2026-10-02 | 2.45 |
| 2026-10-01 | 2.42 |
| 2026-09-30 | 2.44 |
| 2026-09-29 | 2.46 |
| 2026-09-28 | 2.48 |
| 2026-09-25 | 2.61 |
| 2026-09-24 | 2.60 |
| 2026-09-23 | 2.65 |
| 2026-09-22 | 2.64 |
| 2026-09-21 | 2.64 |
| 2026-09-18 | 2.64 |
| 2026-09-17 | 2.62 |
| 2026-09-16 | 2.60 |
| 2026-09-15 | 2.65 |
| 2026-09-14 | 2.68 |
| 2026-09-11 | 2.67 |
| 2026-09-10 | 2.63 |
| 2026-09-09 | 2.69 |
| 2026-09-08 | 2.80 |
| 2026-09-04 | 2.78 |
| 2026-09-03 | 2.71 |
| 2026-09-02 | 2.57 |
| 2026-09-01 | 2.55 |
| 2026-08-31 | 2.53 |
| 2026-08-28 | 2.52 |
| 2026-08-27 | 2.59 |
| 2026-08-26 | 2.73 |
| 2026-08-25 | 2.62 |
| 2026-08-24 | 2.60 |
| 2026-08-21 | 2.56 |
| 2026-08-20 | 2.52 |
| 2026-08-19 | 2.68 |
| 2026-08-18 | 2.78 |
| 2026-08-17 | 2.82 |
| 2026-08-14 | 2.90 |
| 2026-08-13 | 2.81 |
| 2026-08-12 | 2.72 |
| 2026-08-11 | 2.62 |
| 2026-08-10 | 2.74 |
| 2026-08-07 | 2.76 |
| 2026-08-06 | 2.77 |
| 2026-08-05 | 3.12 |
| 2026-08-04 | 3.05 |
| 2026-08-03 | 2.87 |
| 2026-07-31 | 2.85 |
| 2026-07-30 | 2.98 |
| 2026-07-29 | 2.97 |
| 2026-07-28 | 3.08 |
| 2026-07-27 | 3.16 |
| 2026-07-24 | 3.06 |
| 2026-07-23 | 3.09 |
| 2026-07-22 | 3.03 |
| 2026-07-21 | 2.98 |
| 2026-07-20 | 2.91 |
| 2026-07-17 | 2.94 |
| 2026-07-16 | 2.93 |
| 2026-07-15 | 3.07 |
| 2026-07-14 | 3.24 |
| 2026-07-13 | 3.10 |
| 2026-07-10 | 3.17 |
| 2026-07-09 | 3.15 |
| 2026-07-08 | 3.21 |
| 2026-07-07 | 3.36 |
| 2026-07-06 | 3.50 |
| 2026-07-02 | 3.48 |
| 2026-07-01 | 3.52 |
| 2026-06-30 | 3.53 |
| 2026-06-29 | 3.33 |
| 2026-06-26 | 3.42 |
| 2026-06-25 | 3.21 |
| 2026-06-24 | 3.11 |
| 2026-06-23 | 3.17 |
| 2026-06-22 | 3.19 |
| 2026-06-18 | 3.42 |
| 2026-06-17 | 3.30 |
| 2026-06-16 | 3.15 |
| 2026-06-15 | 3.33 |
| 2026-06-12 | 3.30 |
| 2026-06-11 | 3.22 |
| 2026-06-10 | 3.00 |
| 2026-06-09 | 3.17 |
| 2026-06-08 | 3.19 |
| 2026-06-05 | 3.22 |
| 2026-06-04 | 3.36 |
| 2026-06-03 | 3.13 |
| 2026-06-02 | 2.95 |
| 2026-06-01 | 3.10 |
| 2026-05-29 | 3.17 |
| 2026-05-28 | 3.06 |
| 2026-05-27 | 2.95 |
| 2026-05-26 | 2.86 |
| 2026-05-22 | 2.71 |
| 2026-05-21 | 2.72 |
| 2026-05-20 | 2.94 |
| 2026-05-19 | 2.43 |
| 2026-05-18 | 2.41 |
| 2026-05-15 | 2.38 |
| 2026-05-14 | 2.47 |
| 2026-05-13 | 2.48 |
| 2026-05-12 | 2.67 |
| 2026-05-11 | 2.66 |
| 2026-05-08 | 2.70 |
| 2026-05-07 | 2.64 |
| 2026-05-06 | 2.69 |
| 2026-05-05 | 2.66 |
| 2026-05-04 | 2.60 |
| 2026-05-01 | 2.72 |
| 2026-04-30 | 2.72 |
| 2026-04-29 | 2.63 |
| 2026-04-28 | 2.59 |
| 2026-04-27 | 2.66 |
| 2026-04-24 | 2.67 |
| 2026-04-23 | 2.87 |
| 2026-04-22 | 2.76 |
| 2026-04-21 | 2.66 |
| 2026-04-20 | 2.78 |
| 2026-04-17 | 3.02 |
| 2026-04-16 | 3.01 |
| 2026-04-15 | 3.16 |
| 2026-04-14 | 3.32 |
| 2026-04-13 | 3.37 |
| 2026-04-10 | 3.32 |
| 2026-04-09 | 3.19 |
| 2026-04-08 | 3.07 |
| 2026-04-07 | 2.98 |
| 2026-04-06 | 2.94 |
| 2026-04-02 | 2.98 |
| 2026-04-01 | 3.08 |
| 2026-03-31 | 3.02 |
| 2026-03-30 | 2.82 |
| 2026-03-27 | 3.13 |
| 2026-03-26 | 3.31 |
| 2026-03-25 | 3.40 |
| 2026-03-24 | 3.42 |
| 2026-03-23 | 3.41 |
| 2026-03-20 | 3.19 |
| 2026-03-19 | 3.51 |
| 2026-03-18 | 4.33 |
| 2026-03-17 | 4.68 |
| 2026-03-16 | 4.42 |
| 2026-03-13 | 4.20 |
| 2026-03-12 | 4.25 |
| 2026-03-11 | 4.39 |
| 2026-03-10 | 4.44 |
| 2026-03-09 | 4.52 |
| 2026-03-06 | 4.42 |
| 2026-03-05 | 4.51 |
| 2026-03-04 | 4.62 |
| 2026-03-03 | 4.30 |
| 2026-03-02 | 4.34 |
| 2026-02-27 | 4.24 |
| 2026-02-26 | 4.27 |
| 2026-02-25 | 4.21 |
| 2026-02-24 | 4.30 |
| 2026-02-23 | 4.12 |
| 2026-02-20 | 4.05 |
| 2026-02-19 | 4.06 |
| 2026-02-18 | 4.01 |
| 2026-02-17 | 3.93 |
| 2026-02-13 | 3.77 |
| 2026-02-12 | 3.85 |
| 2026-02-11 | 3.85 |
| 2026-02-10 | 3.94 |
| 2026-02-09 | 4.06 |
| 2026-02-06 | 3.67 |
| 2026-02-05 | 3.53 |
| 2026-02-04 | 3.64 |
| 2026-02-03 | 3.73 |
| 2026-02-02 | 3.87 |
| 2026-01-30 | 3.90 |
| 2026-01-29 | 3.90 |
| 2026-01-28 | 3.98 |
| 2026-01-27 | 4.11 |
| 2026-01-26 | 4.01 |
| 2026-01-23 | 4.03 |
| 2026-01-22 | 4.00 |
| 2026-01-21 | 4.07 |
| 2026-01-20 | 4.01 |
| 2026-01-16 | 4.01 |
| 2026-01-15 | 3.95 |
| 2026-01-14 | 3.98 |
| 2026-01-13 | 4.00 |
| 2026-01-12 | 4.05 |
| 2026-01-09 | 3.93 |
| 2026-01-08 | 3.93 |
| 2026-01-07 | 3.95 |
| 2026-01-06 | 3.97 |
| 2026-01-05 | 3.77 |
| 2026-01-02 | 3.65 |
| 2025-12-31 | 3.42 |
| 2025-12-30 | 3.41 |
| 2025-12-29 | 3.36 |
| 2025-12-26 | 3.48 |
| 2025-12-24 | 3.46 |
| 2025-12-23 | 3.36 |
| 2025-12-22 | 3.31 |
| 2025-12-19 | 3.07 |
| 2025-12-18 | 3.03 |
| 2025-12-17 | 2.97 |
| 2025-12-16 | 3.05 |
| 2025-12-15 | 2.99 |
| 2025-12-12 | 3.02 |
| 2025-12-11 | 3.04 |
| 2025-12-10 | 2.97 |
| 2025-12-09 | 2.89 |
| 2025-12-08 | 3.00 |
| 2025-12-05 | 2.99 |
| 2025-12-04 | 3.07 |
| 2025-12-03 | 3.08 |
| 2025-12-02 | 3.11 |
| 2025-12-01 | 2.99 |
| 2025-11-28 | 2.94 |
| 2025-11-26 | 2.93 |
| 2025-11-25 | 2.76 |
| 2025-11-24 | 3.03 |
| 2025-11-21 | 3.01 |
| 2025-11-20 | 2.95 |
| 2025-11-19 | 2.97 |
| 2025-11-18 | 3.00 |
| 2025-11-17 | 2.97 |
| 2025-11-14 | 3.07 |
| 2025-11-13 | 3.05 |
| 2025-11-12 | 2.82 |
| 2025-11-11 | 2.77 |
| 2025-11-10 | 2.81 |
| 2025-11-07 | 2.74 |
| 2025-11-06 | 2.62 |
| 2025-11-05 | 2.85 |
| 2025-11-04 | 2.83 |
| 2025-11-03 | 2.94 |
| 2025-10-31 | 2.96 |
| 2025-10-30 | 2.93 |
| 2025-10-29 | 3.05 |
| 2025-10-28 | 3.13 |
| 2025-10-27 | 3.04 |
| 2025-10-24 | 2.93 |
| 2025-10-23 | 2.87 |
| 2025-10-22 | 2.78 |
| 2025-10-21 | 2.87 |
| 2025-10-20 | 2.87 |
| 2025-10-17 | 2.73 |
| 2025-10-16 | 2.84 |
| 2025-10-15 | 2.97 |
| 2025-10-14 | 3.01 |
| 2025-10-13 | 3.01 |
| 2025-10-10 | 2.95 |
| 2025-10-09 | 3.00 |
| 2025-10-08 | 3.15 |
| 2025-10-07 | 3.02 |
| 2025-10-06 | 3.09 |
| 2025-10-03 | 2.97 |
| 2025-10-02 | 3.05 |
| 2025-10-01 | 3.12 |
| 2025-09-30 | 3.10 |
| 2025-09-29 | 2.84 |
| 2025-09-26 | 2.82 |
| 2025-09-25 | 2.80 |
| 2025-09-24 | 2.84 |
| 2025-09-23 | 2.92 |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.
