Question 1

What is Amazon's P/B ratio?

Accepted Answer

Amazon (AMZN) P/B ratio is 6.0× as of July 22, 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 Amazon?

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 Amazon specifically, the relevant sector benchmark is the current sector median of 4.3×.

Question 5

Is Amazon's P/B ratio high or low?

Accepted Answer

Amazon's P/B ratio of 6.0× is below its own 5-year average of 8.5× and above the sector median of 4.3×. That places the current reading at the 5th 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 Amazon's historical P/B ratio range?

Accepted Answer

In the available daily series, Amazon (AMZN) P/B ratio has ranged from a low of 5.3× in 2026 to a high of 3125.0× in 2005. The 5-year average is 8.5× and the 5-year median is 7.9×.

Question 7

What was Amazon's P/B ratio in 2025?

Accepted Answer

Amazon (AMZN) P/B ratio at the end of 2025 was 6.0×. 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 Amazon'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	$2.47T	$411B	6.0×	-2.1×	Dec 31, 2025
2024	$2.32T	$286B	8.1×	+0.3×	Dec 31, 2024
2023	$1.57T	$202B	7.8×	+1.9×	Dec 31, 2023
2022	$858B	$146B	5.9×	-6.4×	Dec 31, 2022
2021	$1.69T	$138B	12.3×	-5.3×	Dec 31, 2021
2020	$1.64T	$93.4B	17.5×	+2.7×	Dec 31, 2020
2019	$917B	$62.1B	14.8×	-2.1×	Dec 31, 2019
2018	$736B	$43.5B	16.9×	-3.5×	Dec 31, 2018
2017	$565B	$27.7B	20.4×	+1.9×	Dec 31, 2017
2016	$357B	$19.3B	18.5×	-5.2×	Dec 31, 2016
2015	$318B	$13.4B	23.7×	+10.3×	Dec 31, 2015
2014	$144B	$10.7B	13.4×	-5.3×	Dec 31, 2014
2013	$183B	$9.75B	18.7×	+4.8×	Dec 31, 2013
2012	$114B	$8.19B	13.9×	+3.8×	Dec 31, 2012
2011	$78.7B	$7.76B	10.1×	-1.7×	Dec 31, 2011
2010	$81B	$6.86B	11.8×	+0.5×	Dec 31, 2010
2009	$59.2B	$5.26B	11.3×	+3.0×	Dec 31, 2009
2008	$22B	$2.67B	8.2×	-24.0×	Dec 31, 2008
2007	$38.5B	$1.2B	32.2×	-5.6×	Dec 31, 2007
2006	$16.3B	$431M	37.8×	-41.9×	Dec 31, 2006
2005	$19.6B	$246M	79.6×	—	Dec 31, 2005
2004	$18.1B	-$227M	—	—	Dec 31, 2004
2003	$21B	-$1.04B	—	—	Dec 31, 2003
2002	$7.25B	-$1.35B	—	—	Dec 31, 2002


Aureus Greenway Holdings (PUSA)	3.6×
Genuine Parts (GPC)	3.6×
Norwegian Cruise Line (NCLH)	3.5×
V.F. (VFC)	3.5×
Lululemon Athletica (LULU)	3.1×
Carnival Corporation (CCL)	2.9×
Ball (BALL)	2.8×
PDD Holdings (PDD)	2.3×
GameStop (GME)	2.0×
XPeng (XPEV)	2.0×
D.R. Horton (DHI)	2.0×
Alibaba (BABA)	1.9×
Li Auto (LI)	1.8×
Amcor (AMCR)	1.7×
Toll Brothers (TOL)	1.6×
Lucid Group (LCID)	1.5×
Leggett & Platt (LEG)	1.3×
Weyco Group (WEYS)	1.2×
Ford Motor (F)	1.2×
LKQ (LKQ)	1.2×
General Motors (GM)	1.1×
Smurfit Westrock (SW)	1.1×
Lennar (LEN)	1.0×
KB Home (KBH)	0.8×
Mohawk Industries (MHK)	0.7×

P/B Ratio for Amazon (AMZN) 2005-2026

P/B Ratio daily chart for Amazon (AMZN)

Historical P/B Ratio for Amazon (AMZN) from 2002 to 2025

About P/B Ratio at Amazon (AMZN)

Amazon P/B Ratio by Year

Amazon P/B Ratio 2025: 6.0×

Amazon P/B Ratio 2024: 8.1×

Amazon P/B Ratio 2023: 7.8×

Amazon P/B Ratio 2022: 5.9×

Amazon P/B Ratio 2021: 12.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Amazon (AMZN) Key Financials