Question 1

What is AST SpaceMobile's P/B ratio?

Accepted Answer

AST SpaceMobile (ASTS) P/B ratio is 13.1× 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 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 6.0×.

Question 5

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

Accepted Answer

AST SpaceMobile's P/B ratio of 13.1× is above its own 5-year average of 9.2× and above the sector median of 6.0×. That places the current reading at the 78th 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	$25.32B	$1.84B	13.8×	+1.8×	Dec 31, 2025
2024	$5.73B	$479.12M	11.9×	+4.5×	Dec 31, 2024
2023	$739.22M	$98.99M	7.5×	+4.4×	Dec 31, 2023
2022	$404.56M	$133.53M	3.0×	-2.5×	Dec 31, 2022
2021	$559.42M	$100.28M	5.6×	-1.3×	Dec 31, 2021
2020	$531.76M	$77.50M	6.9×	—	Dec 31, 2020


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P/B Ratio for AST SpaceMobile (ASTS)

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

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

+What is AST SpaceMobile'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 AST SpaceMobile?

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

+What is AST SpaceMobile's historical P/B ratio range?

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

+Why does AST SpaceMobile's P/B ratio change over time?

AST SpaceMobile (ASTS) Key Financials