Question 1

What is CDW's P/B ratio?

Accepted Answer

CDW (CDW) P/B ratio is 6.6× 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 CDW?

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

Question 5

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

Accepted Answer

CDW's P/B ratio of 6.6× is below its own 5-year average of 16.2× and above the sector median of 5.6×. That places the current reading at the 6th 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 CDW's historical P/B ratio range?

Accepted Answer

In the available daily series, CDW (CDW) P/B ratio has ranged from a low of 0.9× in 2007 to a high of 251.6× in 2012. The 5-year average is 16.2× and the 5-year median is 15.0×.

Question 7

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

Accepted Answer

CDW (CDW) P/B ratio at the end of 2025 was 6.8×. 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 CDW'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	$17.7B	$2.61B	6.8×	-3.1×	Dec 31, 2025
2024	$23.2B	$2.35B	9.8×	-5.1×	Dec 31, 2024
2023	$30.5B	$2.04B	14.9×	-0.2×	Dec 31, 2023
2022	$24.2B	$1.6B	15.1×	-24.2×	Dec 31, 2022
2021	$27.7B	$706M	39.3×	+24.8×	Dec 31, 2021
2020	$18.8B	$1.3B	14.5×	-6.8×	Dec 31, 2020
2019	$20.5B	$960M	21.3×	+9.0×	Dec 31, 2019
2018	$12.1B	$975M	12.4×	+1.6×	Dec 31, 2018
2017	$10.6B	$986M	10.8×	+2.8×	Dec 31, 2017
2016	$8.34B	$1.05B	8.0×	+1.5×	Dec 31, 2016
2015	$7.08B	$1.1B	6.5×	+0.0×	Dec 31, 2015
2014	$6.04B	$937M	6.4×	+0.9×	Dec 31, 2014
2013	$3.95B	$712M	5.5×	-16.6×	Dec 31, 2013
2012	$3.02B	$137M	22.1×	—	Dec 31, 2012
2011	$2.67B	-$7.3M	—	—	Dec 31, 2011
2010	$2.67B	-$43.5M	—	—	Dec 31, 2010
2009	$2.67B	-$44.7M	—	—	Dec 31, 2009
2006	$1.43B	$1.39B	1.0×	-0.1×	Dec 31, 2006
2005	$1.47B	$1.26B	1.2×	-0.1×	Dec 31, 2005
2004	$1.53B	$1.24B	1.2×	-0.2×	Dec 31, 2004
2003	$1.52B	$1.06B	1.4×	-0.2×	Dec 31, 2003
2002	$1.54B	$924M	1.7×	-0.3×	Dec 31, 2002
2001	$1.57B	$779M	2.0×	-0.5×	Dec 31, 2001
2000	$1.6B	$636M	2.5×	—	Dec 31, 2000


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P/B Ratio for CDW (CDW) 2000-2026

P/B Ratio daily chart for CDW (CDW)

Historical P/B Ratio for CDW (CDW) from 2000 to 2025

About P/B Ratio at CDW (CDW)

CDW P/B Ratio by Year

CDW P/B Ratio 2025: 6.8×

CDW P/B Ratio 2024: 9.8×

CDW P/B Ratio 2023: 14.9×

CDW P/B Ratio 2022: 15.1×

CDW P/B Ratio 2021: 39.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

CDW (CDW) Key Financials