Question 1

What is Automatic Data Processing's P/B ratio?

Accepted Answer

Automatic Data Processing (ADP) P/B ratio is 14.7× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Automatic Data Processing?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Automatic Data Processing specifically, the relevant sector benchmark is the current sector median of 5.0×.

Question 5

Is Automatic Data Processing's P/B ratio high or low?

Accepted Answer

Automatic Data Processing's P/B ratio of 14.7× is below its own 5-year average of 22.4× and above the sector median of 5.0×. That places the current reading at the 7th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Automatic Data Processing's historical P/B ratio range?

Accepted Answer

In the available daily series, Automatic Data Processing (ADP) P/B ratio has ranged from a low of 2.8× in 2003 to a high of 43.7× in 2022. The 5-year average is 22.4× and the 5-year median is 21.5×.

Question 7

What was Automatic Data Processing's P/B ratio in 2025?

Accepted Answer

Automatic Data Processing (ADP) P/B ratio at the end of 2025 was 20.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Automatic Data Processing's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$125.21B	$6.19B	20.2×	-1.0×	Jun 30, 2025
2024	$96.37B	$4.55B	21.2×	-4.6×	Jun 30, 2024
2023	$90.64B	$3.51B	25.8×	-1.3×	Jun 30, 2023
2022	$87.36B	$3.23B	27.1×	+12.2×	Jun 30, 2022
2021	$84.12B	$5.67B	14.8×	+3.7×	Jun 30, 2021
2020	$63.89B	$5.75B	11.1×	-2.3×	Jun 30, 2020
2019	$72.13B	$5.40B	13.4×	-3.6×	Jun 30, 2019
2018	$58.75B	$3.46B	17.0×	+5.5×	Jun 30, 2018
2017	$45.52B	$3.98B	11.4×	+2.2×	Jun 30, 2017
2016	$41.65B	$4.48B	9.3×	+1.5×	Jun 30, 2016
2015	$37.31B	$4.81B	7.8×	+2.8×	Jun 30, 2015
2014	$33.28B	$6.67B	5.0×	+0.2×	Jun 30, 2014
2013	$29.40B	$6.19B	4.7×	+0.9×	Jun 30, 2013
2012	$23.73B	$6.11B	3.9×	+0.1×	Jun 30, 2012
2011	$22.55B	$6.01B	3.8×	+0.6×	Jun 30, 2011
2010	$17.36B	$5.48B	3.2×	+0.2×	Jun 30, 2010
2009	$15.59B	$5.32B	2.9×	-0.7×	Jun 30, 2009
2008	$18.66B	$5.09B	3.7×	-0.7×	Jun 30, 2008
2007	$22.51B	$5.15B	4.4×	+1.1×	Jun 30, 2007
2006	$19.81B	$6.01B	3.3×	-0.0×	Jun 30, 2006
2005	$19.09B	$5.78B	3.3×	-0.3×	Jun 30, 2005
2004	$19.26B	$5.42B	3.6×	+0.6×	Jun 30, 2004
2003	$15.87B	$5.37B	3.0×	-1.0×	Jun 30, 2003
2002	$19.99B	$5.11B	3.9×	—	Jun 30, 2002


PACCAR (PCAR)	3.1×
Franklin Electric Co. (FELE)	3.0×
Huntington Ingalls Industries (HII)	2.9×
Brady (BRC)	2.9×
Fortive (FTV)	2.9×
Southwest Airlines (LUV)	2.7×
Xylem (XYL)	2.6×
FedEx (FDX)	2.5×
Axon Enterprise (TASR)	2.4×
Builders FirstSource (BLDR)	2.3×
McGrath RentCorp (MGRC)	2.2×
Tennant (TNC)	2.2×
Delta Air Lines (DAL)	2.1×
AGCO (AGCO)	2.0×
Textron (TXT)	1.9×
Archer Aviation (ACHR)	1.9×
United Airlines Holdings (UAL)	1.9×
Alamo Group (ALG)	1.7×
Matthews International (MATW)	1.6×
MDU Resources Group (MDU)	1.5×
Amentum Holdings (AMTM)	1.4×
ABM Industries (ABM)	1.4×
Stanley Black & Decker (SWK)	1.2×
Alaska Air Group (ALK)	1.1×
Versant Media Group, Inc. Class A (VSNT)	0.7×

P/B Ratio for Automatic Data Processing (ADP)

P/B Ratio daily chart for Automatic Data Processing (ADP)

Historical P/B Ratio for Automatic Data Processing (ADP) from 2002 to 2025

About P/B Ratio at Automatic Data Processing (ADP)

Automatic Data Processing P/B Ratio by Year

Automatic Data Processing P/B Ratio 2025: 20.2×

Automatic Data Processing P/B Ratio 2024: 21.2×

Automatic Data Processing P/B Ratio 2023: 25.8×

Automatic Data Processing P/B Ratio 2022: 27.1×

Automatic Data Processing P/B Ratio 2021: 14.8×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Automatic Data Processing (ADP) Key Financials

P/B Ratio daily chart for Automatic Data Processing (ADP)

Historical P/B Ratio for Automatic Data Processing (ADP) from 2002 to 2025

About P/B Ratio at Automatic Data Processing (ADP)

Automatic Data Processing P/B Ratio by Year

Automatic Data Processing P/B Ratio 2025: 20.2×

Automatic Data Processing P/B Ratio 2024: 21.2×

Automatic Data Processing P/B Ratio 2023: 25.8×

Automatic Data Processing P/B Ratio 2022: 27.1×

Automatic Data Processing P/B Ratio 2021: 14.8×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Automatic Data Processing's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Automatic Data Processing?

+Is Automatic Data Processing's P/B ratio high or low?

+What is Automatic Data Processing's historical P/B ratio range?

+What was Automatic Data Processing's P/B ratio in 2025?

+Why does Automatic Data Processing's P/B ratio change over time?

Automatic Data Processing (ADP) Key Financials