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 13.79 is in line with its estimated 5-year average of 14.42, near the low end of its estimated 5-year range (3.72–44.13).
As of 2026-10-06T16:37:35.224Z. 28.47% below its estimated 12-month average of 19.28.
Calculation as of: 2026-10-06T16:37:35.224Z.
Quote observation: 2026-10-06T16:35:17.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: e6bdf0bc909d2c3cf865d911999059ac9514d98171e89fb118f348db58d850a2
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
13.79
PB RATIO AVG TTM
19.28
PB RATIO AVG 3Y
18.54
PB RATIO AVG 5Y
14.42
PB RATIO AVG 10Y
8.20
PB RATIO AVG 15Y
3.94
PB RATIO AVG 20Y
3.11
CURRENT VS TTM AVG
-28.47%
CURRENT VS 3Y AVG
-25.63%
CURRENT VS 5Y AVG
-4.39%
CURRENT VS 10Y AVG
+68.13%
CURRENT VS 15Y AVG
+249.85%
CURRENT VS 20Y AVG
+342.82%
SECTOR MEDIAN · TECHNOLOGY
3.81
median of 525 covered companies
CURRENT VS SECTOR MEDIAN
+261.94%
vs the sector median at left
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Innodata Inc. (INOD) | $2.20B | 13.79 | 19.28 | 18.54 | 14.42 |
| Asana, Inc. (ASAN)vs › | $2.21B | 21.22 | 13.62 | 13.39 | 19.42 |
| Ichor Holdings, Ltd. (ICHR)vs › | $2.18B | 2.52 | 2.50 | 1.78 | 1.80 |
| Schrödinger, Inc. (SDGR)vs › | $2.16B | 6.58 | 3.75 | 3.64 | 3.84 |
| nLIGHT, Inc. (LASR)vs › | $2.25B | 5.11 | 9.77 | 5.10 | 3.93 |
| PDF Solutions, Inc. (PDFS)vs › | $2.27B | 6.11 | 5.60 | 4.98 | 5.17 |
| nCino, Inc. (NCNO)vs › | $2.10B | 2.26 | 2.22 | 2.97 | 3.98 |
| PC Connection, Inc. (CNXN)vs › | $2.32B | 2.44 | 1.86 | 1.96 | 1.86 |
| Sonos, Inc. (SONO)vs › | $2.07B | 5.13 | 4.87 | 4.01 | 4.19 |
| GigaCloud Technology Inc. (GCT)vs › | $2.06B | 3.86 | 3.08 | 2.87 | 2.66 |
At 13.79, 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
0.74
median
2.26
estimated 20-year high
44.13
P/B Ratio
13.79
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 | 14.60 |
| 2026-10-02 | 15.27 |
| 2026-10-01 | 15.66 |
| 2026-09-30 | 14.33 |
| 2026-09-29 | 14.59 |
| 2026-09-28 | 14.56 |
| 2026-09-25 | 15.08 |
| 2026-09-24 | 15.66 |
| 2026-09-23 | 15.69 |
| 2026-09-22 | 15.25 |
| 2026-09-21 | 13.31 |
| 2026-09-18 | 12.45 |
| 2026-09-17 | 12.42 |
| 2026-09-16 | 12.08 |
| 2026-09-15 | 11.85 |
| 2026-09-14 | 12.04 |
| 2026-09-11 | 11.60 |
| 2026-09-10 | 11.58 |
| 2026-09-09 | 11.91 |
| 2026-09-08 | 12.23 |
| 2026-09-04 | 12.13 |
| 2026-09-03 | 12.00 |
| 2026-09-02 | 11.83 |
| 2026-09-01 | 11.91 |
| 2026-08-31 | 12.30 |
| 2026-08-28 | 12.33 |
| 2026-08-27 | 12.91 |
| 2026-08-26 | 12.17 |
| 2026-08-25 | 12.46 |
| 2026-08-24 | 12.45 |
| 2026-08-21 | 13.99 |
| 2026-08-20 | 13.69 |
| 2026-08-19 | 13.68 |
| 2026-08-18 | 13.43 |
| 2026-08-17 | 14.01 |
| 2026-08-14 | 13.92 |
| 2026-08-13 | 13.54 |
| 2026-08-12 | 13.40 |
| 2026-08-11 | 13.67 |
| 2026-08-10 | 13.56 |
| 2026-08-07 | 13.59 |
| 2026-08-06 | 18.16 |
| 2026-08-05 | 19.24 |
| 2026-08-04 | 19.47 |
| 2026-08-03 | 17.54 |
| 2026-07-31 | 17.43 |
| 2026-07-30 | 16.66 |
| 2026-07-29 | 15.37 |
| 2026-07-28 | 15.96 |
| 2026-07-27 | 16.48 |
| 2026-07-24 | 15.50 |
| 2026-07-23 | 16.64 |
| 2026-07-22 | 17.03 |
| 2026-07-21 | 17.65 |
| 2026-07-20 | 17.22 |
| 2026-07-17 | 16.87 |
| 2026-07-16 | 16.91 |
| 2026-07-15 | 18.11 |
| 2026-07-14 | 18.62 |
| 2026-07-13 | 18.89 |
| 2026-07-10 | 18.80 |
| 2026-07-09 | 19.19 |
| 2026-07-08 | 19.14 |
| 2026-07-07 | 19.32 |
| 2026-07-06 | 20.28 |
| 2026-07-02 | 19.10 |
| 2026-07-01 | 20.03 |
| 2026-06-30 | 20.96 |
| 2026-06-29 | 21.26 |
| 2026-06-26 | 20.50 |
| 2026-06-25 | 20.30 |
| 2026-06-24 | 22.62 |
| 2026-06-23 | 24.14 |
| 2026-06-22 | 25.15 |
| 2026-06-18 | 26.49 |
| 2026-06-17 | 28.43 |
| 2026-06-16 | 29.79 |
| 2026-06-15 | 27.64 |
| 2026-06-12 | 27.98 |
| 2026-06-11 | 29.22 |
| 2026-06-10 | 27.70 |
| 2026-06-09 | 27.39 |
| 2026-06-08 | 28.51 |
| 2026-06-05 | 28.28 |
| 2026-06-04 | 33.70 |
| 2026-06-03 | 30.03 |
| 2026-06-02 | 31.68 |
| 2026-06-01 | 31.98 |
| 2026-05-29 | 29.12 |
| 2026-05-28 | 27.55 |
| 2026-05-27 | 24.68 |
| 2026-05-26 | 26.60 |
| 2026-05-22 | 26.48 |
| 2026-05-21 | 27.33 |
| 2026-05-20 | 26.27 |
| 2026-05-19 | 24.46 |
| 2026-05-18 | 26.27 |
| 2026-05-15 | 26.65 |
| 2026-05-14 | 25.00 |
| 2026-05-13 | 24.95 |
| 2026-05-12 | 25.54 |
| 2026-05-11 | 28.80 |
| 2026-05-08 | 23.54 |
| 2026-05-07 | 15.12 |
| 2026-05-06 | 15.41 |
| 2026-05-05 | 15.12 |
| 2026-05-04 | 15.15 |
| 2026-05-01 | 14.58 |
| 2026-04-30 | 13.99 |
| 2026-04-29 | 13.23 |
| 2026-04-28 | 13.87 |
| 2026-04-27 | 13.86 |
| 2026-04-24 | 14.03 |
| 2026-04-23 | 14.40 |
| 2026-04-22 | 15.68 |
| 2026-04-21 | 15.30 |
| 2026-04-20 | 15.55 |
| 2026-04-17 | 15.55 |
| 2026-04-16 | 14.38 |
| 2026-04-15 | 14.52 |
| 2026-04-14 | 13.69 |
| 2026-04-13 | 12.92 |
| 2026-04-10 | 11.79 |
| 2026-04-09 | 11.96 |
| 2026-04-08 | 13.20 |
| 2026-04-07 | 12.85 |
| 2026-04-06 | 12.95 |
| 2026-04-02 | 12.74 |
| 2026-04-01 | 13.14 |
| 2026-03-31 | 12.79 |
| 2026-03-30 | 11.41 |
| 2026-03-27 | 12.30 |
| 2026-03-26 | 13.58 |
| 2026-03-25 | 14.47 |
| 2026-03-24 | 14.68 |
| 2026-03-23 | 14.89 |
| 2026-03-20 | 14.46 |
| 2026-03-19 | 14.72 |
| 2026-03-18 | 14.68 |
| 2026-03-17 | 15.05 |
| 2026-03-16 | 14.64 |
| 2026-03-13 | 14.08 |
| 2026-03-12 | 14.16 |
| 2026-03-11 | 14.86 |
| 2026-03-10 | 14.59 |
| 2026-03-09 | 15.07 |
| 2026-03-06 | 14.96 |
| 2026-03-05 | 14.71 |
| 2026-03-04 | 14.72 |
| 2026-03-03 | 14.48 |
| 2026-03-02 | 14.73 |
| 2026-02-27 | 14.63 |
| 2026-02-26 | 17.24 |
| 2026-02-25 | 16.74 |
| 2026-02-24 | 16.02 |
| 2026-02-23 | 15.90 |
| 2026-02-20 | 16.24 |
| 2026-02-19 | 16.53 |
| 2026-02-18 | 16.15 |
| 2026-02-17 | 15.59 |
| 2026-02-13 | 16.09 |
| 2026-02-12 | 15.76 |
| 2026-02-11 | 16.45 |
| 2026-02-10 | 17.23 |
| 2026-02-09 | 17.61 |
| 2026-02-06 | 17.24 |
| 2026-02-05 | 15.77 |
| 2026-02-04 | 17.06 |
| 2026-02-03 | 19.71 |
| 2026-02-02 | 20.00 |
| 2026-01-30 | 20.09 |
| 2026-01-29 | 23.14 |
| 2026-01-28 | 20.23 |
| 2026-01-27 | 21.25 |
| 2026-01-26 | 21.54 |
| 2026-01-23 | 21.57 |
| 2026-01-22 | 22.00 |
| 2026-01-21 | 21.41 |
| 2026-01-20 | 22.33 |
| 2026-01-16 | 22.30 |
| 2026-01-15 | 20.88 |
| 2026-01-14 | 22.89 |
| 2026-01-13 | 22.72 |
| 2026-01-12 | 22.34 |
| 2026-01-09 | 23.54 |
| 2026-01-08 | 23.08 |
| 2026-01-07 | 23.20 |
| 2026-01-06 | 23.56 |
| 2026-01-05 | 22.47 |
| 2026-01-02 | 19.20 |
| 2025-12-31 | 18.46 |
| 2025-12-30 | 18.73 |
| 2025-12-29 | 18.87 |
| 2025-12-26 | 19.03 |
| 2025-12-24 | 19.39 |
| 2025-12-23 | 19.41 |
| 2025-12-22 | 19.64 |
| 2025-12-19 | 19.21 |
| 2025-12-18 | 17.38 |
| 2025-12-17 | 17.45 |
| 2025-12-16 | 18.39 |
| 2025-12-15 | 17.84 |
| 2025-12-12 | 18.99 |
| 2025-12-11 | 19.66 |
| 2025-12-10 | 19.86 |
| 2025-12-09 | 20.22 |
| 2025-12-08 | 20.86 |
| 2025-12-05 | 20.94 |
| 2025-12-04 | 21.14 |
| 2025-12-03 | 21.61 |
| 2025-12-02 | 21.40 |
| 2025-12-01 | 19.94 |
| 2025-11-28 | 20.82 |
| 2025-11-26 | 20.78 |
| 2025-11-25 | 20.18 |
| 2025-11-24 | 20.63 |
| 2025-11-21 | 18.65 |
| 2025-11-20 | 18.94 |
| 2025-11-19 | 20.07 |
| 2025-11-18 | 20.07 |
| 2025-11-17 | 20.35 |
| 2025-11-14 | 20.73 |
| 2025-11-13 | 20.58 |
| 2025-11-12 | 22.45 |
| 2025-11-11 | 22.64 |
| 2025-11-10 | 24.84 |
| 2025-11-07 | 23.59 |
| 2025-11-06 | 24.79 |
| 2025-11-05 | 26.33 |
| 2025-11-04 | 27.22 |
| 2025-11-03 | 29.49 |
| 2025-10-31 | 30.37 |
| 2025-10-30 | 30.37 |
| 2025-10-29 | 32.03 |
| 2025-10-28 | 30.72 |
| 2025-10-27 | 32.29 |
| 2025-10-24 | 31.20 |
| 2025-10-23 | 30.08 |
| 2025-10-22 | 29.34 |
| 2025-10-21 | 31.35 |
| 2025-10-20 | 30.89 |
| 2025-10-17 | 32.34 |
| 2025-10-16 | 33.17 |
| 2025-10-15 | 33.78 |
| 2025-10-14 | 30.87 |
| 2025-10-13 | 33.25 |
| 2025-10-10 | 33.90 |
| 2025-10-09 | 37.34 |
| 2025-10-08 | 37.93 |
| 2025-10-07 | 35.60 |
| 2025-10-06 | 35.52 |
| 2025-10-03 | 34.25 |
| 2025-10-02 | 35.58 |
| 2025-10-01 | 33.52 |
| 2025-09-30 | 31.37 |
| 2025-09-29 | 30.91 |
| 2025-09-26 | 28.70 |
| 2025-09-25 | 27.93 |
| 2025-09-24 | 28.26 |
| 2025-09-23 | 30.06 |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.