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 4.33 is 10% below its estimated 4-year average of 4.83, near the low end of its estimated 4-year range (1.23–15.84).
As of 2026-09-10T14:30:34.000Z. 32.13% below its estimated 12-month average of 6.38.
Quote observation: 2026-09-10T14:30:34.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: e0afc811bac235af2694fdc2ee72d903fa0a1d522f95d83d29af1d01e90e3448
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 2026-09-09.
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
4.33
PB RATIO AVG TTM
6.38
PB RATIO AVG 3Y
5.08
PB RATIO AVG 5Y
N/A
PB RATIO AVG 10Y
N/A
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-32.13%
CURRENT VS 3Y AVG
-14.83%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
6.54
median of 184 covered companies
CURRENT VS SECTOR MEDIAN
-33.74%
vs the sector median at left
Market Cap
$7.70B
PB Ratio
6.30
TTM Avg
6.31
3Y Avg
8.40
5Y Avg
13.37
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Applied Digital Corp. (APLD) | $7.70B | 4.33 | 6.38 | 5.08 | N/A |
| Paylocity Holding Corporation (PCTY)vs › | $7.70B | 6.30 | 6.31 | 8.40 | 13.37 |
| Zeta Global Holdings Corp. (ZETA)vs › | $7.73B | 8.35 | 5.95 | 9.19 | 9.66 |
| AppFolio Inc. (APPF)vs › | $7.46B | 14.17 | 14.68 | 20.22 | 18.63 |
| GitLab Inc. (GTLB)vs › | $7.99B | 8.64 | 6.27 | 10.87 | 10.31 |
| UiPath Inc. (PATH)vs › | $7.36B | 3.78 | 3.82 | 4.34 | 4.43 |
| Duolingo, Inc. (DUOL)vs › | $6.75B | 4.79 | 6.62 | 13.71 | 13.72 |
| Applied Optoelectronics, Inc. (AAOI)vs › | $8.66B | 5.19 | 7.24 | 4.60 | 2.97 |
| Camtek Ltd. (CAMT)vs › | $6.70B | 9.44 | 11.20 | 9.14 | 7.34 |
| Plexus Corp. (PLXS)vs › | $6.64B | 4.34 | 3.83 | 3.02 | 2.78 |
At 4.33, P/B is near its estimated 4-year median — higher than 39% of readings in its estimated 4-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 4-year low
1.23
median
4.74
estimated 4-year high
15.84
P/B Ratio
4.33
Market Price / Book Value per Share
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
| DATE | PB RATIO |
|---|---|
| 2026-09-09 | 4.35 |
| 2026-09-08 | 4.54 |
| 2026-09-04 | 4.23 |
| 2026-09-03 | 4.16 |
| 2026-09-02 | 4.00 |
| 2026-09-01 | 3.90 |
| 2026-08-31 | 4.08 |
| 2026-08-28 | 4.07 |
| 2026-08-27 | 4.40 |
| 2026-08-26 | 4.31 |
| 2026-08-25 | 4.63 |
| 2026-08-24 | 4.31 |
| 2026-08-21 | 4.37 |
| 2026-08-20 | 4.60 |
| 2026-08-19 | 4.53 |
| 2026-08-18 | 4.57 |
| 2026-08-17 | 5.00 |
| 2026-08-14 | 5.01 |
| 2026-08-13 | 4.91 |
| 2026-08-12 | 5.00 |
| 2026-08-11 | 4.76 |
| 2026-08-10 | 4.66 |
| 2026-08-07 | 4.69 |
| 2026-08-06 | 4.63 |
| 2026-08-05 | 4.79 |
| 2026-08-04 | 5.02 |
| 2026-08-03 | 4.73 |
| 2026-07-31 | 4.39 |
| 2026-07-30 | 4.49 |
| 2026-07-29 | 4.14 |
| 2026-07-28 | 4.75 |
| 2026-07-27 | 4.70 |
| 2026-07-24 | 4.85 |
| 2026-07-23 | 5.33 |
| 2026-07-22 | 5.36 |
| 2026-07-21 | 5.36 |
| 2026-07-20 | 4.97 |
| 2026-07-17 | 4.60 |
| 2026-07-16 | 4.72 |
| 2026-07-15 | 5.18 |
| 2026-07-14 | 5.08 |
| 2026-07-13 | 5.14 |
| 2026-07-10 | 5.56 |
| 2026-07-09 | 5.76 |
| 2026-07-08 | 5.61 |
| 2026-07-07 | 5.48 |
| 2026-07-06 | 5.97 |
| 2026-07-02 | 5.90 |
| 2026-07-01 | 6.33 |
| 2026-06-30 | 6.65 |
| 2026-06-29 | 6.74 |
| 2026-06-26 | 6.98 |
| 2026-06-25 | 7.30 |
| 2026-06-24 | 7.49 |
| 2026-06-23 | 8.07 |
| 2026-06-22 | 8.06 |
| 2026-06-18 | 8.31 |
| 2026-06-17 | 8.13 |
| 2026-06-16 | 8.25 |
| 2026-06-15 | 8.29 |
| 2026-06-12 | 7.61 |
| 2026-06-11 | 7.40 |
| 2026-06-10 | 6.94 |
| 2026-06-09 | 7.47 |
| 2026-06-08 | 7.30 |
| 2026-06-05 | 7.07 |
| 2026-06-04 | 7.87 |
| 2026-06-03 | 7.97 |
| 2026-06-02 | 8.53 |
| 2026-06-01 | 8.55 |
| 2026-05-29 | 8.43 |
| 2026-05-28 | 8.85 |
| 2026-05-27 | 8.73 |
| 2026-05-26 | 8.05 |
| 2026-05-22 | 8.18 |
| 2026-05-21 | 8.56 |
| 2026-05-20 | 7.05 |
| 2026-05-19 | 6.53 |
| 2026-05-18 | 6.98 |
| 2026-05-15 | 7.59 |
| 2026-05-14 | 8.33 |
| 2026-05-13 | 8.11 |
| 2026-05-12 | 7.83 |
| 2026-05-11 | 7.95 |
| 2026-05-08 | 7.36 |
| 2026-05-07 | 7.41 |
| 2026-05-06 | 7.89 |
| 2026-05-05 | 7.11 |
| 2026-05-04 | 6.35 |
| 2026-05-01 | 5.98 |
| 2026-04-30 | 6.11 |
| 2026-04-29 | 5.83 |
| 2026-04-28 | 5.73 |
| 2026-04-27 | 6.00 |
| 2026-04-24 | 6.24 |
| 2026-04-23 | 6.48 |
| 2026-04-22 | 5.78 |
| 2026-04-21 | 5.59 |
| 2026-04-20 | 5.74 |
| 2026-04-17 | 5.62 |
| 2026-04-16 | 5.37 |
| 2026-04-15 | 5.49 |
| 2026-04-14 | 5.61 |
| 2026-04-13 | 4.92 |
| 2026-04-10 | 4.68 |
| 2026-04-09 | 4.56 |
| 2026-04-08 | 5.32 |
| 2026-04-07 | 4.82 |
| 2026-04-06 | 4.82 |
| 2026-04-02 | 4.70 |
| 2026-04-01 | 4.69 |
| 2026-03-31 | 4.54 |
| 2026-03-30 | 3.93 |
| 2026-03-27 | 4.55 |
| 2026-03-26 | 4.92 |
| 2026-03-25 | 5.43 |
| 2026-03-24 | 5.13 |
| 2026-03-23 | 5.22 |
| 2026-03-20 | 4.96 |
| 2026-03-19 | 5.11 |
| 2026-03-18 | 5.10 |
| 2026-03-17 | 5.26 |
| 2026-03-16 | 5.30 |
| 2026-03-13 | 5.18 |
| 2026-03-12 | 5.26 |
| 2026-03-11 | 5.46 |
| 2026-03-10 | 5.24 |
| 2026-03-09 | 5.17 |
| 2026-03-06 | 4.81 |
| 2026-03-05 | 5.38 |
| 2026-03-04 | 5.48 |
| 2026-03-03 | 5.00 |
| 2026-03-02 | 5.35 |
| 2026-02-27 | 5.22 |
| 2026-02-26 | 5.48 |
| 2026-02-25 | 5.57 |
| 2026-02-24 | 5.87 |
| 2026-02-23 | 5.74 |
| 2026-02-20 | 5.56 |
| 2026-02-19 | 6.03 |
| 2026-02-18 | 6.11 |
| 2026-02-17 | 6.42 |
| 2026-02-13 | 6.75 |
| 2026-02-12 | 6.92 |
| 2026-02-11 | 7.00 |
| 2026-02-10 | 7.17 |
| 2026-02-09 | 7.32 |
| 2026-02-06 | 6.69 |
| 2026-02-05 | 5.33 |
| 2026-02-04 | 6.04 |
| 2026-02-03 | 7.02 |
| 2026-02-02 | 6.66 |
| 2026-01-30 | 6.48 |
| 2026-01-29 | 7.29 |
| 2026-01-28 | 7.70 |
| 2026-01-27 | 7.91 |
| 2026-01-26 | 6.92 |
| 2026-01-23 | 7.21 |
| 2026-01-22 | 6.65 |
| 2026-01-21 | 6.71 |
| 2026-01-20 | 6.79 |
| 2026-01-16 | 7.16 |
| 2026-01-15 | 6.74 |
| 2026-01-14 | 6.91 |
| 2026-01-13 | 7.03 |
| 2026-01-12 | 7.31 |
| 2026-01-09 | 7.21 |
| 2026-01-08 | 7.83 |
| 2026-01-07 | 7.24 |
| 2026-01-06 | 7.42 |
| 2026-01-05 | 7.40 |
| 2026-01-02 | 6.89 |
| 2025-12-31 | 6.01 |
| 2025-12-30 | 5.90 |
| 2025-12-29 | 6.08 |
| 2025-12-26 | 5.89 |
| 2025-12-24 | 6.30 |
| 2025-12-23 | 6.39 |
| 2025-12-22 | 6.81 |
| 2025-12-19 | 6.82 |
| 2025-12-18 | 5.86 |
| 2025-12-17 | 5.39 |
| 2025-12-16 | 5.94 |
| 2025-12-15 | 5.63 |
| 2025-12-12 | 6.83 |
| 2025-12-11 | 7.54 |
| 2025-12-10 | 7.59 |
| 2025-12-09 | 8.03 |
| 2025-12-08 | 7.87 |
| 2025-12-05 | 7.65 |
| 2025-12-04 | 7.63 |
| 2025-12-03 | 7.19 |
| 2025-12-02 | 6.87 |
| 2025-12-01 | 6.91 |
| 2025-11-28 | 6.64 |
| 2025-11-26 | 6.11 |
| 2025-11-25 | 5.82 |
| 2025-11-24 | 5.83 |
| 2025-11-21 | 5.17 |
| 2025-11-20 | 5.24 |
| 2025-11-19 | 5.66 |
| 2025-11-18 | 5.60 |
| 2025-11-17 | 5.62 |
| 2025-11-14 | 5.80 |
| 2025-11-13 | 5.65 |
| 2025-11-12 | 6.47 |
| 2025-11-11 | 7.00 |
| 2025-11-10 | 7.70 |
| 2025-11-07 | 7.59 |
| 2025-11-06 | 7.62 |
| 2025-11-05 | 8.11 |
| 2025-11-04 | 7.61 |
| 2025-11-03 | 8.05 |
| 2025-10-31 | 8.49 |
| 2025-10-30 | 8.32 |
| 2025-10-29 | 8.43 |
| 2025-10-28 | 8.41 |
| 2025-10-27 | 8.42 |
| 2025-10-24 | 8.19 |
| 2025-10-23 | 8.18 |
| 2025-10-22 | 7.50 |
| 2025-10-21 | 7.97 |
| 2025-10-20 | 8.80 |
| 2025-10-17 | 8.39 |
| 2025-10-16 | 8.98 |
| 2025-10-15 | 9.25 |
| 2025-10-14 | 8.59 |
| 2025-10-13 | 8.39 |
| 2025-10-10 | 8.33 |
| 2025-10-09 | 9.30 |
| 2025-10-08 | 8.87 |
| 2025-10-07 | 8.67 |
| 2025-10-06 | 8.80 |
| 2025-10-03 | 8.42 |
| 2025-10-02 | 8.40 |
| 2025-10-01 | 7.94 |
| 2025-09-30 | 7.28 |
| 2025-09-29 | 7.03 |
| 2025-09-26 | 6.89 |
| 2025-09-25 | 7.17 |
| 2025-09-24 | 7.44 |
| 2025-09-23 | 7.83 |
| 2025-09-22 | 7.76 |
| 2025-09-19 | 6.50 |
| 2025-09-18 | 6.32 |
| 2025-09-17 | 6.30 |
| 2025-09-16 | 6.18 |
| 2025-09-15 | 6.14 |
| 2025-09-12 | 5.93 |
| 2025-09-11 | 5.45 |
| 2025-09-10 | 5.39 |
| 2025-09-09 | 4.83 |
| 2025-09-08 | 4.42 |
| 2025-09-05 | 4.41 |
| 2025-09-04 | 4.55 |
| 2025-09-03 | 4.57 |
| 2025-09-02 | 4.84 |
| 2025-08-29 | 5.07 |
| 2025-08-28 | 5.27 |
| 2025-08-27 | 5.30 |
Showing the most recent 260 of 1,010 data points. The chart above shows the full history.