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 16.87 is 67% below its estimated 5-year average of 50.88, near the low end of its estimated 5-year range (15.22–737.51).
As of 2026-10-06T20:43:35.464Z. 21.45% below its estimated 12-month average of 21.48.
Calculation as of: 2026-10-06T20:43:35.464Z.
Quote observation: 2026-10-06T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 7086b61c97374eafe4f92cfb03d553814a5bbf6057c8b635a917c44a8ca4bb1f
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
16.87
PB RATIO AVG TTM
21.48
PB RATIO AVG 3Y
28.16
PB RATIO AVG 5Y
50.88
PB RATIO AVG 10Y
N/A
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-21.45%
CURRENT VS 3Y AVG
-40.09%
CURRENT VS 5Y AVG
-66.84%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · COMMUNICATION SERVICES
1.64
median of 133 covered companies
CURRENT VS SECTOR MEDIAN
+928.66%
vs the sector median at left
Market Cap
$15.16B
PB Ratio
5.99
TTM Avg
3.96
3Y Avg
2.17
5Y Avg
1.76
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Warner Music Group Corp. (WMG) | $14.41B | 16.87 | 21.48 | 28.16 | 50.88 |
| Charter Communications, Inc. (CHTR)vs › | $14.64B | 0.86 | 1.51 | 3.05 | 4.47 |
| Millicom International Cellular S.A. (TIGO)vs › | $15.16B | 5.99 | 3.96 | 2.17 | 1.76 |
| TKO Group Holdings, Inc. (TKO)vs › | $13.23B | 3.90 | 10.50 | 6.51 | 8.34 |
| EchoStar Corporation (ECHO)vs › | $15.85B | 1.12 | 4.22 | 1.64 | 1.17 |
| News Corporation (NWSA)vs › | $16.03B | 1.88 | 1.73 | 1.82 | 1.65 |
| Pinterest, Inc. (PINS)vs › | $12.74B | 4.40 | 3.93 | 5.92 | 6.04 |
| News Corporation (NWS)vs › | $17.25B | 2.02 | 1.97 | 2.01 | 1.76 |
| Globalstar, Inc. (GSAT)vs › | $10.77B | 36.81 | 26.33 | 15.58 | 14.68 |
| Paramount Skydance Corporation Class B Common Stock (PSKY)vs › | $10.63B | 0.90 | 1.00 | 0.82 | 0.82 |
At 16.87, P/B is below its estimated 6-year median — higher than 1% of readings in its estimated 6-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 6-year low
15.22
median
55.60
estimated 6-year high
1251.59
P/B Ratio
16.87
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 | 16.97 |
| 2026-10-02 | 16.47 |
| 2026-10-01 | 16.61 |
| 2026-09-30 | 16.95 |
| 2026-09-29 | 16.96 |
| 2026-09-28 | 16.67 |
| 2026-09-25 | 16.67 |
| 2026-09-24 | 16.76 |
| 2026-09-23 | 16.68 |
| 2026-09-22 | 16.82 |
| 2026-09-21 | 17.00 |
| 2026-09-18 | 17.21 |
| 2026-09-17 | 17.16 |
| 2026-09-16 | 17.38 |
| 2026-09-15 | 17.84 |
| 2026-09-14 | 17.96 |
| 2026-09-11 | 17.40 |
| 2026-09-10 | 17.10 |
| 2026-09-09 | 17.29 |
| 2026-09-08 | 17.21 |
| 2026-09-04 | 17.67 |
| 2026-09-03 | 18.15 |
| 2026-09-02 | 17.41 |
| 2026-09-01 | 17.18 |
| 2026-08-31 | 17.32 |
| 2026-08-28 | 17.21 |
| 2026-08-27 | 17.31 |
| 2026-08-26 | 17.15 |
| 2026-08-25 | 17.23 |
| 2026-08-24 | 17.05 |
| 2026-08-21 | 16.66 |
| 2026-08-20 | 16.64 |
| 2026-08-19 | 16.71 |
| 2026-08-18 | 16.15 |
| 2026-08-17 | 16.19 |
| 2026-08-14 | 15.75 |
| 2026-08-13 | 15.56 |
| 2026-08-12 | 15.22 |
| 2026-08-11 | 15.40 |
| 2026-08-10 | 16.22 |
| 2026-08-07 | 16.21 |
| 2026-08-06 | 16.24 |
| 2026-08-05 | 18.29 |
| 2026-08-04 | 18.15 |
| 2026-08-03 | 17.65 |
| 2026-07-31 | 18.26 |
| 2026-07-30 | 19.38 |
| 2026-07-29 | 20.54 |
| 2026-07-28 | 20.23 |
| 2026-07-27 | 19.42 |
| 2026-07-24 | 18.67 |
| 2026-07-23 | 18.71 |
| 2026-07-22 | 19.26 |
| 2026-07-21 | 19.66 |
| 2026-07-20 | 19.74 |
| 2026-07-17 | 19.92 |
| 2026-07-16 | 20.08 |
| 2026-07-15 | 19.91 |
| 2026-07-14 | 19.40 |
| 2026-07-13 | 20.22 |
| 2026-07-10 | 20.39 |
| 2026-07-09 | 20.49 |
| 2026-07-08 | 20.32 |
| 2026-07-07 | 20.00 |
| 2026-07-06 | 19.27 |
| 2026-07-02 | 19.89 |
| 2026-07-01 | 19.48 |
| 2026-06-30 | 19.04 |
| 2026-06-29 | 18.70 |
| 2026-06-26 | 18.96 |
| 2026-06-25 | 18.49 |
| 2026-06-24 | 18.94 |
| 2026-06-23 | 19.37 |
| 2026-06-22 | 19.32 |
| 2026-06-18 | 19.81 |
| 2026-06-17 | 20.06 |
| 2026-06-16 | 20.26 |
| 2026-06-15 | 20.04 |
| 2026-06-12 | 20.02 |
| 2026-06-11 | 20.08 |
| 2026-06-10 | 20.18 |
| 2026-06-09 | 20.65 |
| 2026-06-08 | 21.11 |
| 2026-06-05 | 21.05 |
| 2026-06-04 | 21.10 |
| 2026-06-03 | 20.69 |
| 2026-06-02 | 21.66 |
| 2026-06-01 | 21.89 |
| 2026-05-29 | 22.18 |
| 2026-05-28 | 22.75 |
| 2026-05-27 | 23.42 |
| 2026-05-26 | 24.31 |
| 2026-05-22 | 24.42 |
| 2026-05-21 | 24.32 |
| 2026-05-20 | 23.86 |
| 2026-05-19 | 24.12 |
| 2026-05-18 | 24.31 |
| 2026-05-15 | 23.51 |
| 2026-05-14 | 23.08 |
| 2026-05-13 | 22.99 |
| 2026-05-12 | 23.63 |
| 2026-05-11 | 23.17 |
| 2026-05-08 | 23.46 |
| 2026-05-07 | 22.38 |
| 2026-05-06 | 21.88 |
| 2026-05-05 | 20.55 |
| 2026-05-04 | 20.26 |
| 2026-05-01 | 20.17 |
| 2026-04-30 | 20.38 |
| 2026-04-29 | 20.13 |
| 2026-04-28 | 20.58 |
| 2026-04-27 | 20.67 |
| 2026-04-24 | 20.86 |
| 2026-04-23 | 20.90 |
| 2026-04-22 | 21.13 |
| 2026-04-21 | 21.25 |
| 2026-04-20 | 21.99 |
| 2026-04-17 | 21.81 |
| 2026-04-16 | 21.37 |
| 2026-04-15 | 20.94 |
| 2026-04-14 | 20.94 |
| 2026-04-13 | 20.68 |
| 2026-04-10 | 20.55 |
| 2026-04-09 | 20.27 |
| 2026-04-08 | 19.85 |
| 2026-04-07 | 19.47 |
| 2026-04-06 | 18.75 |
| 2026-04-02 | 18.82 |
| 2026-04-01 | 18.57 |
| 2026-03-31 | 18.41 |
| 2026-03-30 | 17.37 |
| 2026-03-27 | 17.14 |
| 2026-03-26 | 17.46 |
| 2026-03-25 | 17.22 |
| 2026-03-24 | 17.05 |
| 2026-03-23 | 17.41 |
| 2026-03-20 | 17.22 |
| 2026-03-19 | 17.23 |
| 2026-03-18 | 17.73 |
| 2026-03-17 | 19.09 |
| 2026-03-16 | 19.74 |
| 2026-03-13 | 19.69 |
| 2026-03-12 | 19.37 |
| 2026-03-11 | 19.50 |
| 2026-03-10 | 19.33 |
| 2026-03-09 | 19.83 |
| 2026-03-06 | 20.07 |
| 2026-03-05 | 20.98 |
| 2026-03-04 | 20.39 |
| 2026-03-03 | 20.49 |
| 2026-03-02 | 20.52 |
| 2026-02-27 | 20.62 |
| 2026-02-26 | 20.17 |
| 2026-02-25 | 19.39 |
| 2026-02-24 | 19.77 |
| 2026-02-23 | 20.54 |
| 2026-02-20 | 21.55 |
| 2026-02-19 | 21.06 |
| 2026-02-18 | 21.09 |
| 2026-02-17 | 21.27 |
| 2026-02-13 | 21.23 |
| 2026-02-12 | 20.58 |
| 2026-02-11 | 21.47 |
| 2026-02-10 | 22.20 |
| 2026-02-09 | 23.75 |
| 2026-02-06 | 23.30 |
| 2026-02-05 | 22.62 |
| 2026-02-04 | 22.62 |
| 2026-02-03 | 22.82 |
| 2026-02-02 | 24.23 |
| 2026-01-30 | 24.05 |
| 2026-01-29 | 23.96 |
| 2026-01-28 | 23.94 |
| 2026-01-27 | 24.28 |
| 2026-01-26 | 24.36 |
| 2026-01-23 | 24.32 |
| 2026-01-22 | 23.95 |
| 2026-01-21 | 23.95 |
| 2026-01-20 | 23.99 |
| 2026-01-16 | 24.54 |
| 2026-01-15 | 24.77 |
| 2026-01-14 | 25.09 |
| 2026-01-13 | 25.28 |
| 2026-01-12 | 24.83 |
| 2026-01-09 | 24.88 |
| 2026-01-08 | 23.85 |
| 2026-01-07 | 23.90 |
| 2026-01-06 | 24.05 |
| 2026-01-05 | 24.66 |
| 2026-01-02 | 24.42 |
| 2025-12-31 | 24.60 |
| 2025-12-30 | 24.44 |
| 2025-12-29 | 24.24 |
| 2025-12-26 | 24.03 |
| 2025-12-24 | 23.93 |
| 2025-12-23 | 24.03 |
| 2025-12-22 | 24.01 |
| 2025-12-19 | 23.55 |
| 2025-12-18 | 23.54 |
| 2025-12-17 | 22.90 |
| 2025-12-16 | 22.58 |
| 2025-12-15 | 22.34 |
| 2025-12-12 | 22.29 |
| 2025-12-11 | 22.34 |
| 2025-12-10 | 22.44 |
| 2025-12-09 | 22.15 |
| 2025-12-08 | 22.27 |
| 2025-12-05 | 22.95 |
| 2025-12-04 | 22.37 |
| 2025-12-03 | 22.35 |
| 2025-12-02 | 22.29 |
| 2025-12-01 | 22.65 |
| 2025-11-28 | 22.66 |
| 2025-11-26 | 22.47 |
| 2025-11-25 | 22.74 |
| 2025-11-24 | 23.25 |
| 2025-11-21 | 24.62 |
| 2025-11-20 | 26.28 |
| 2025-11-19 | 26.99 |
| 2025-11-18 | 26.55 |
| 2025-11-17 | 26.94 |
| 2025-11-14 | 26.87 |
| 2025-11-13 | 26.85 |
| 2025-11-12 | 27.20 |
| 2025-11-11 | 26.92 |
| 2025-11-10 | 26.37 |
| 2025-11-07 | 26.75 |
| 2025-11-06 | 26.33 |
| 2025-11-05 | 26.39 |
| 2025-11-04 | 26.87 |
| 2025-11-03 | 27.28 |
| 2025-10-31 | 28.28 |
| 2025-10-30 | 28.13 |
| 2025-10-29 | 27.72 |
| 2025-10-28 | 28.40 |
| 2025-10-27 | 28.60 |
| 2025-10-24 | 29.05 |
| 2025-10-23 | 29.51 |
| 2025-10-22 | 29.39 |
| 2025-10-21 | 29.59 |
| 2025-10-20 | 29.47 |
| 2025-10-17 | 29.20 |
| 2025-10-16 | 28.74 |
| 2025-10-15 | 28.70 |
| 2025-10-14 | 28.83 |
| 2025-10-13 | 28.45 |
| 2025-10-10 | 28.39 |
| 2025-10-09 | 28.41 |
| 2025-10-08 | 28.89 |
| 2025-10-07 | 28.96 |
| 2025-10-06 | 29.78 |
| 2025-10-03 | 29.96 |
| 2025-10-02 | 30.26 |
| 2025-10-01 | 30.30 |
| 2025-09-30 | 30.14 |
| 2025-09-29 | 29.90 |
| 2025-09-26 | 29.47 |
| 2025-09-25 | 29.46 |
| 2025-09-24 | 29.59 |
| 2025-09-23 | 29.48 |
Showing the most recent 260 of 1,425 data points. The chart above shows the full history.