Question 1

What is Comcast's P/B ratio?

Accepted Answer

Comcast (CMCSA) P/B ratio is 1.0× 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 Comcast?

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

Question 5

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

Accepted Answer

Comcast's P/B ratio of 1.0× is below its own 5-year average of 1.9× and below the sector median of 3.1×. That places the current reading at the 1th 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 Comcast's historical P/B ratio range?

Accepted Answer

In the available daily series, Comcast (CMCSA) P/B ratio has ranged from a low of 0.6× in 2002 to a high of 3.3× in 2017. The 5-year average is 1.9× and the 5-year median is 1.9×.

Question 7

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

Accepted Answer

Comcast (CMCSA) P/B ratio at the end of 2025 was 1.1×. 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 Comcast'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	$102B	$96.9B	1.1×	-0.6×	Dec 31, 2025
2024	$144B	$85.6B	1.7×	-0.4×	Dec 31, 2024
2023	$175B	$82.7B	2.1×	+0.3×	Dec 31, 2023
2022	$148B	$80.9B	1.8×	-0.6×	Dec 31, 2022
2021	$228B	$96.1B	2.4×	-0.3×	Dec 31, 2021
2020	$240B	$90.3B	2.7×	+0.2×	Dec 31, 2020
2019	$205B	$82.7B	2.5×	+0.3×	Dec 31, 2019
2018	$154B	$71.6B	2.2×	-0.6×	Dec 31, 2018
2017	$186B	$68.6B	2.7×	-0.4×	Dec 31, 2017
2016	$169B	$53.9B	3.1×	+0.5×	Dec 31, 2016
2015	$138B	$52.3B	2.6×	+0.1×	Dec 31, 2015
2014	$136B	$52.7B	2.6×	+0.1×	Dec 31, 2014
2013	$123B	$50.7B	2.4×	+0.6×	Dec 31, 2013
2012	$88.9B	$49.4B	1.8×	+0.4×	Dec 31, 2012
2011	$67.9B	$47.3B	1.4×	+0.1×	Dec 31, 2011
2010	$61.2B	$44.4B	1.4×	+0.3×	Dec 31, 2010
2009	$48.1B	$42.7B	1.1×	-0.1×	Dec 31, 2009
2008	$48.6B	$40.5B	1.2×	-0.2×	Dec 31, 2008
2007	$56B	$41.3B	1.4×	-0.8×	Dec 31, 2007
2006	$88.2B	$41.2B	2.1×	+0.2×	Dec 31, 2006
2005	$78.4B	$40.2B	2.0×	-0.5×	Dec 31, 2005
2004	$101B	$41.4B	2.4×	+0.0×	Dec 31, 2004
2003	$99.2B	$41.7B	2.4×	+1.8×	Dec 31, 2003
2002	$22.5B	$38.3B	0.6×	—	Dec 31, 2002


AST SpaceMobile (ASTS)	15.8×
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×
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 Comcast (CMCSA) 2002-2026

P/B Ratio daily chart for Comcast (CMCSA)

Historical P/B Ratio for Comcast (CMCSA) from 2002 to 2025

About P/B Ratio at Comcast (CMCSA)

Comcast P/B Ratio by Year

Comcast P/B Ratio 2025: 1.1×

Comcast P/B Ratio 2024: 1.7×

Comcast P/B Ratio 2023: 2.1×

Comcast P/B Ratio 2022: 1.8×

Comcast P/B Ratio 2021: 2.4×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Comcast (CMCSA) Key Financials