Question 1

What is Broadcom's P/B ratio?

Accepted Answer

Broadcom (AVGO) P/B ratio is 22.1× 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 Broadcom?

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 Broadcom specifically, the relevant sector benchmark is the current sector median of 5.6×.

Question 5

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

Accepted Answer

Broadcom's P/B ratio of 22.1× is above its own 5-year average of 13.0× and above the sector median of 5.6×. That places the current reading at the 89th 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 Broadcom's historical P/B ratio range?

Accepted Answer

In the available daily series, Broadcom (AVGO) P/B ratio has ranged from a low of 2.9× in 2016 to a high of 29.5× in 2026. The 5-year average is 13.0× and the 5-year median is 11.4×.

Question 7

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

Accepted Answer

Broadcom (AVGO) P/B ratio at the end of 2025 was 21.1×. 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 Broadcom'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	$1.72T	$81.3B	21.1×	+9.5×	Nov 2, 2025
2024	$789B	$67.7B	11.7×	-2.8×	Nov 3, 2024
2023	$347B	$24B	14.5×	+6.0×	Oct 29, 2023
2022	$193B	$22.7B	8.5×	-0.2×	Oct 30, 2022
2021	$218B	$25B	8.7×	+2.8×	Oct 31, 2021
2020	$143B	$23.9B	6.0×	+1.1×	Nov 1, 2020
2019	$121B	$25B	4.8×	+1.4×	Nov 3, 2019
2018	$90.7B	$26.7B	3.4×	-1.9×	Nov 4, 2018
2017	$108B	$20.3B	5.3×	+1.7×	Oct 31, 2017
2016	$67.8B	$18.9B	3.6×	-3.6×	Oct 31, 2016
2015	$34B	$4.71B	7.2×	+0.4×	Oct 31, 2015
2014	$21.9B	$3.24B	6.8×	+2.9×	Oct 31, 2014
2013	$11.3B	$2.89B	3.9×	+0.5×	Oct 31, 2013
2012	$8.12B	$2.42B	3.4×	-0.8×	Oct 31, 2012
2011	$8.28B	$2.01B	4.1×	+0.3×	Oct 31, 2011
2010	$5.76B	$1.51B	3.8×	+0.4×	Oct 31, 2010
2009	$3.54B	$1.04B	3.4×	—	Oct 31, 2009


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P/B Ratio for Broadcom (AVGO) 2009-2026

P/B Ratio daily chart for Broadcom (AVGO)

Historical P/B Ratio for Broadcom (AVGO) from 2009 to 2025

About P/B Ratio at Broadcom (AVGO)

Broadcom P/B Ratio by Year

Broadcom P/B Ratio 2025: 21.1×

Broadcom P/B Ratio 2024: 11.7×

Broadcom P/B Ratio 2023: 14.5×

Broadcom P/B Ratio 2022: 8.5×

Broadcom P/B Ratio 2021: 8.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Broadcom (AVGO) Key Financials