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Price-to-Book Ratio (P/B)

Definition

The price-to-book ratio compares a company's market price to its book value (assets minus liabilities). A P/B below 1.0 means the stock trades below its net asset value.

Formula

P/B Ratio = Market Price Per Share / Book Value Per Share

Example

If a stock trades at $50 and has a book value of $40 per share, the P/B ratio is 1.25x. Banks typically trade at 1-2x book value.

Market Context

28.5 Market Average
0.0 Lowest
37000.0 Highest
8325 Stocks Tracked

Live Market Data — Price-to-Book

Data as of June 11, 2026 — updates daily

# Symbol Company Price-to-Book PE Ratio ROE Price
1 JZXN Jiuzi Holdings Inc. Ordi… 0.10 -0.91% 1.53 USD
2 BHFAM Brighthouse Financial In… 0.10 1.0x 0.07% 11.95 USD
3 0BF1.F WiMi Hologram Cloud Inc. 0.10 -0.53% 0.80 EUR
4 UNIPLY.NS Uniply Industries Limited 0.11 4.00 INR
5 NVIV InVivo Therapeutics Hold… 0.11 -0.98% 0.32 USD
6 IDHC.L Integrated Diagnostics H… 0.11 12.0x 0.34% 0.54 USD
7 NLSP NLS Pharmaceutics AG 0.11 2.91 USD
8 FENG Phoenix New Media Limited 0.11 10.7x 0.01% 1.68 USD
9 LU Lufax Holding Ltd 0.11 -0.02% 1.34 USD
10 3CM.F RLX Technology Inc. 0.11 20.1x 0.05% 1.41 EUR

Traps & Pitfalls

Tech companies often have P/B ratios of 10-30x because their value is in intellectual property, patents, and brand — none of which appear on the balance sheet. A "high" P/B in tech is normal.

P/B below 1.0 doesn't always mean a bargain. It can signal the market expects future losses, asset write-downs, or that book value is inflated by obsolete inventory or goodwill.

Banks and financials are the only sector where P/B is truly reliable — their assets (loans, securities) are marked to market and closely match economic reality.

Price-to-Book Ratio (P/B) Calculator

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P/B Ratio --

How AllInvestView Uses This

AllInvestView shows the P/B ratio on stock detail pages. Useful for screening value stocks. Compare with PE Ratio and P/S Ratio.

Frequently Asked Questions

What does a P/B ratio below 1.0 mean?

It means the stock trades below its book value — the company is valued less than its net assets. This can signal undervaluation or that the market expects future losses.

Which sectors have the lowest P/B ratios?

Banks and financial services typically have P/B ratios of 1-2x. Tech companies often have high P/B (5-20x) because their value is in intellectual property, not physical assets.