Question 1

What is Cognizant's P/B ratio?

Accepted Answer

Cognizant (CTSH) P/B ratio is 1.7× 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 Cognizant?

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

Question 5

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

Accepted Answer

Cognizant's P/B ratio of 1.7× is below its own 5-year average of 2.7× and below the sector median of 6.0×. That places the current reading at the 2th 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 Cognizant's historical P/B ratio range?

Accepted Answer

In the available daily series, Cognizant (CTSH) P/B ratio has ranged from a low of 1.5× in 2026 to a high of 12.4× in 2004. The 5-year average is 2.7× and the 5-year median is 2.6×.

Question 7

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

Accepted Answer

Cognizant (CTSH) P/B ratio at the end of 2025 was 2.7×. 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 Cognizant'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	$39.92B	$15.02B	2.7×	+0.0×	Dec 31, 2025
2024	$38.14B	$14.41B	2.6×	-0.2×	Dec 31, 2024
2023	$37.77B	$13.23B	2.9×	+0.5×	Dec 31, 2023
2022	$29.28B	$12.31B	2.4×	-1.5×	Dec 31, 2022
2021	$46.58B	$11.99B	3.9×	-0.1×	Dec 31, 2021
2020	$43.68B	$10.84B	4.0×	+1.0×	Dec 31, 2020
2019	$33.92B	$11.02B	3.1×	-0.1×	Dec 31, 2019
2018	$36.69B	$11.42B	3.2×	-0.7×	Dec 31, 2018
2017	$41.83B	$10.67B	3.9×	+0.8×	Dec 31, 2017
2016	$34.01B	$10.73B	3.2×	-0.8×	Dec 31, 2016
2015	$36.50B	$9.28B	3.9×	-0.2×	Dec 31, 2015
2014	$32.06B	$7.74B	4.1×	-0.8×	Dec 31, 2014
2013	$30.58B	$6.14B	5.0×	+0.4×	Dec 31, 2013
2012	$22.20B	$4.85B	4.6×	-0.3×	Dec 31, 2012
2011	$19.45B	$3.95B	4.9×	-1.3×	Dec 31, 2011
2010	$22.25B	$3.58B	6.2×	+1.2×	Dec 31, 2010
2009	$13.40B	$2.65B	5.1×	+2.4×	Dec 31, 2009
2008	$5.26B	$1.97B	2.7×	-4.0×	Dec 31, 2008
2007	$9.78B	$1.47B	6.7×	-3.5×	Dec 31, 2007
2006	$10.96B	$1.07B	10.2×	+0.4×	Dec 31, 2006
2005	$6.97B	$714.14M	9.8×	-2.7×	Dec 31, 2005
2004	$5.64B	$453.53M	12.4×	+1.8×	Dec 31, 2004
2003	$2.92B	$274.07M	10.7×	+1.9×	Dec 31, 2003
2002	$1.45B	$165.48M	8.8×	+0.7×	Dec 31, 2002
2001	$794.74M	$98.79M	8.0×	—	Dec 31, 2001


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P/B Ratio for Cognizant (CTSH)

P/B Ratio daily chart for Cognizant (CTSH)

Historical P/B Ratio for Cognizant (CTSH) from 2001 to 2025

About P/B Ratio at Cognizant (CTSH)

Cognizant P/B Ratio by Year

Cognizant P/B Ratio 2025: 2.7×

Cognizant P/B Ratio 2024: 2.6×

Cognizant P/B Ratio 2023: 2.9×

Cognizant P/B Ratio 2022: 2.4×

Cognizant P/B Ratio 2021: 3.9×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Cognizant (CTSH) Key Financials

P/B Ratio daily chart for Cognizant (CTSH)

Historical P/B Ratio for Cognizant (CTSH) from 2001 to 2025

About P/B Ratio at Cognizant (CTSH)

Cognizant P/B Ratio by Year

Cognizant P/B Ratio 2025: 2.7×

Cognizant P/B Ratio 2024: 2.6×

Cognizant P/B Ratio 2023: 2.9×

Cognizant P/B Ratio 2022: 2.4×

Cognizant P/B Ratio 2021: 3.9×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Cognizant'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 Cognizant?

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

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

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

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

Cognizant (CTSH) Key Financials