Question 1

What is AST SpaceMobile's P/B ratio?

Accepted Answer

AST SpaceMobile (ASTS) P/B ratio is 8.7× 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 AST SpaceMobile?

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 AST SpaceMobile specifically, the relevant sector benchmark is the current sector median of 3.1×.

Question 5

Is AST SpaceMobile's P/B ratio high or low?

Accepted Answer

AST SpaceMobile's P/B ratio of 8.7× is below its own 5-year average of 9.2× and above the sector median of 3.1×. That places the current reading at the 59th 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 AST SpaceMobile's historical P/B ratio range?

Accepted Answer

In the available daily series, AST SpaceMobile (ASTS) P/B ratio has ranged from a low of 1.4× in 2023 to a high of 37.5× in 2024. The 5-year average is 9.2× and the 5-year median is 7.6×.

Question 7

What was AST SpaceMobile's P/B ratio in 2025?

Accepted Answer

AST SpaceMobile (ASTS) P/B ratio at the end of 2025 was 13.8×. 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 AST SpaceMobile'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	$25.3B	$1.84B	13.8×	+1.8×	Dec 31, 2025
2024	$5.73B	$479M	11.9×	+4.5×	Dec 31, 2024
2023	$739M	$99M	7.5×	+4.4×	Dec 31, 2023
2022	$405M	$134M	3.0×	-2.5×	Dec 31, 2022
2021	$559M	$100M	5.6×	-1.3×	Dec 31, 2021
2020	$532M	$77.5M	6.9×	—	Dec 31, 2020


Spotify (SPOT)	10.8×
Netflix (NFLX)	9.9×
Reddit (RDDT)	8.1×
DoorDash (DASH)	6.4×
EchoStar (SATS)	6.0×
Meta (META)	5.9×
Roku (ROKU)	5.2×
TKO Group Holdings (TKO)	4.6×
T-Mobile US (TMUS)	4.1×
Pinterest (PINS)	4.1×
Snap (SNAP)	3.7×
John Wiley & Sons (WLY)	2.5×
Fox (FOXA)	2.3×
Warner Bros. Discovery (WBD)	2.1×
Verizon (VZ)	2.0×
Charter Communications (CHTR)	1.7×
Omnicom Group (OMC)	1.6×
News (NWSA)	1.6×
Walt Disney (DIS)	1.5×
Comcast (CMCSA)	1.2×
Telephone and Data Systems (TDS)	1.0×
Versant Media Group, Inc. Class A (VSNT)	0.7×
Paramount Skydance (PSKY)	0.6×

P/B Ratio for AST SpaceMobile (ASTS) 2020-2026

P/B Ratio daily chart for AST SpaceMobile (ASTS)

Historical P/B Ratio for AST SpaceMobile (ASTS) from 2020 to 2025

About P/B Ratio at AST SpaceMobile (ASTS)

AST SpaceMobile P/B Ratio by Year

AST SpaceMobile P/B Ratio 2025: 13.8×

AST SpaceMobile P/B Ratio 2024: 11.9×

AST SpaceMobile P/B Ratio 2023: 7.5×

AST SpaceMobile P/B Ratio 2022: 3.0×

AST SpaceMobile P/B Ratio 2021: 5.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

AST SpaceMobile (ASTS) Key Financials