Question 1

What is Corpay's P/B ratio?

Accepted Answer

Corpay (CPAY) P/B ratio is 6.8× 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 Corpay?

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 Corpay specifically, the relevant sector benchmark is the current sector median of 6.0×.

Question 5

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

Accepted Answer

Corpay's P/B ratio of 6.8× is above its own 5-year average of 6.2× and above the sector median of 6.0×. That places the current reading at the 71th 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 Corpay's historical P/B ratio range?

Accepted Answer

In the available daily series, Corpay (CPAY) P/B ratio has ranged from a low of 4.0× in 2017 to a high of 9.2× in 2024. The 5-year average is 6.2× and the 5-year median is 6.1×.

Question 7

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

Accepted Answer

Corpay (CPAY) P/B ratio at the end of 2025 was 5.4×. 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 Corpay'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	$20.88B	$3.88B	5.4×	-2.2×	Dec 31, 2025
2024	$23.67B	$3.12B	7.6×	+1.4×	Dec 31, 2024
2023	$20.29B	$3.28B	6.2×	+0.9×	Dec 31, 2023
2022	$13.50B	$2.54B	5.3×	-1.0×	Dec 31, 2022
2021	$17.96B	$2.87B	6.3×	-0.7×	Dec 31, 2021
2020	$23.41B	$3.36B	7.0×	-0.0×	Dec 31, 2020
2019	$25.99B	$3.71B	7.0×	+2.0×	Dec 31, 2019
2018	$16.84B	$3.34B	5.0×	+0.2×	Dec 31, 2018
2017	$17.94B	$3.68B	4.9×	+0.5×	Dec 31, 2017
2016	$13.48B	$3.08B	4.4×	-0.4×	Dec 31, 2016
2015	$13.46B	$2.83B	4.8×	-0.3×	Dec 31, 2015
2014	$13.36B	$2.62B	5.1×	-2.9×	Dec 31, 2014
2013	$9.97B	$1.24B	8.0×	—	Dec 31, 2013


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P/B Ratio for Corpay (CPAY)

P/B Ratio daily chart for Corpay (CPAY)

Historical P/B Ratio for Corpay (CPAY) from 2013 to 2025

About P/B Ratio at Corpay (CPAY)

Corpay P/B Ratio by Year

Corpay P/B Ratio 2025: 5.4×

Corpay P/B Ratio 2024: 7.6×

Corpay P/B Ratio 2023: 6.2×

Corpay P/B Ratio 2022: 5.3×

Corpay P/B Ratio 2021: 6.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Corpay (CPAY) Key Financials

P/B Ratio daily chart for Corpay (CPAY)

Historical P/B Ratio for Corpay (CPAY) from 2013 to 2025

About P/B Ratio at Corpay (CPAY)

Corpay P/B Ratio by Year

Corpay P/B Ratio 2025: 5.4×

Corpay P/B Ratio 2024: 7.6×

Corpay P/B Ratio 2023: 6.2×

Corpay P/B Ratio 2022: 5.3×

Corpay P/B Ratio 2021: 6.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Corpay'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 Corpay?

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

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

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

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

Corpay (CPAY) Key Financials