Question 1

What is Bloom Energy's P/B ratio?

Accepted Answer

Bloom Energy (BE) P/B ratio is 91.5× 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 Bloom Energy?

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 Bloom Energy specifically, the relevant sector benchmark is the current sector median of 5.0×.

Question 5

Is Bloom Energy's P/B ratio high or low?

Accepted Answer

Bloom Energy's P/B ratio of 91.5× is above its own 5-year average of 14.1× and above the sector median of 5.0×. That places the current reading at the 93th 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 Bloom Energy's historical P/B ratio range?

Accepted Answer

In the available daily series, Bloom Energy (BE) P/B ratio has ranged from a low of 4.3× in 2023 to a high of 799.9× in 2021. The 5-year average is 14.1× and the 5-year median is 9.4×.

Question 7

What was Bloom Energy's P/B ratio in 2025?

Accepted Answer

Bloom Energy (BE) P/B ratio at the end of 2025 was 29.8×. 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 Bloom Energy'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	$22.91B	$768.64M	29.8×	+20.8×	Dec 31, 2025
2024	$5.05B	$562.47M	9.0×	+2.4×	Dec 31, 2024
2023	$3.32B	$502.08M	6.6×	-4.7×	Dec 31, 2023
2022	$3.85B	$340.78M	11.3×	—	Dec 31, 2022
2021	$3.82B	−$44.33M	—	—	Dec 31, 2021
2020	$4.76B	$78.82M	60.3×	—	Dec 31, 2020
2019	$886.15M	−$259.59M	—	—	Dec 31, 2019
2018	$1.09B	−$91.66M	—	—	Dec 31, 2018
2017	$1.45B	−$2.18B	—	—	Dec 31, 2017
2016	$252.80M	−$481.21M	—	—	Dec 31, 2016
2015	$247.62M	−$210.25M	—	—	Dec 31, 2015


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 Bloom Energy (BE)

P/B Ratio daily chart for Bloom Energy (BE)

Historical P/B Ratio for Bloom Energy (BE) from 2015 to 2025

About P/B Ratio at Bloom Energy (BE)

Bloom Energy P/B Ratio by Year

Bloom Energy P/B Ratio 2025: 29.8×

Bloom Energy P/B Ratio 2024: 9.0×

Bloom Energy P/B Ratio 2023: 6.6×

Bloom Energy P/B Ratio 2022: 11.3×

Bloom Energy P/B Ratio 2020: 60.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Bloom Energy (BE) Key Financials

P/B Ratio daily chart for Bloom Energy (BE)

Historical P/B Ratio for Bloom Energy (BE) from 2015 to 2025

About P/B Ratio at Bloom Energy (BE)

Bloom Energy P/B Ratio by Year

Bloom Energy P/B Ratio 2025: 29.8×

Bloom Energy P/B Ratio 2024: 9.0×

Bloom Energy P/B Ratio 2023: 6.6×

Bloom Energy P/B Ratio 2022: 11.3×

Bloom Energy P/B Ratio 2020: 60.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Bloom Energy'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 Bloom Energy?

+Is Bloom Energy's P/B ratio high or low?

+What is Bloom Energy's historical P/B ratio range?

+What was Bloom Energy's P/B ratio in 2025?

+Why does Bloom Energy's P/B ratio change over time?

Bloom Energy (BE) Key Financials