Question 1

What is Ecolab's P/B ratio?

Accepted Answer

Ecolab (ECL) P/B ratio is 7.3× 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 Ecolab?

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 Ecolab specifically, the relevant sector benchmark is the current sector median of 2.9×.

Question 5

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

Accepted Answer

Ecolab's P/B ratio of 7.3× is below its own 5-year average of 7.5× and above the sector median of 2.9×. That places the current reading at the 39th 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 Ecolab's historical P/B ratio range?

Accepted Answer

In the available daily series, Ecolab (ECL) P/B ratio has ranged from a low of 3.0× in 2011 to a high of 10.1× in 2021. The 5-year average is 7.5× and the 5-year median is 7.6×.

Question 7

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

Accepted Answer

Ecolab (ECL) P/B ratio at the end of 2025 was 7.6×. 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 Ecolab'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	$74.16B	$9.77B	7.6×	-0.1×	Dec 31, 2025
2024	$66.95B	$8.76B	7.6×	+0.6×	Dec 31, 2024
2023	$56.59B	$8.04B	7.0×	+1.3×	Dec 31, 2023
2022	$41.43B	$7.24B	5.7×	-3.6×	Dec 31, 2022
2021	$67.26B	$7.22B	9.3×	-0.7×	Dec 31, 2021
2020	$61.79B	$6.17B	10.0×	+3.6×	Dec 31, 2020
2019	$55.64B	$8.69B	6.4×	+1.1×	Dec 31, 2019
2018	$42.44B	$8.00B	5.3×	+0.2×	Dec 31, 2018
2017	$38.79B	$7.62B	5.1×	+0.1×	Dec 31, 2017
2016	$34.19B	$6.90B	5.0×	+0.1×	Dec 31, 2016
2015	$33.83B	$6.91B	4.9×	+0.6×	Dec 31, 2015
2014	$31.37B	$7.32B	4.3×	+0.0×	Dec 31, 2014
2013	$31.41B	$7.34B	4.3×	+0.8×	Dec 31, 2013
2012	$21.12B	$6.08B	3.5×	+0.5×	Dec 31, 2012
2011	$16.85B	$5.67B	3.0×	-2.5×	Dec 31, 2011
2010	$11.70B	$2.13B	5.5×	+0.2×	Dec 31, 2010
2009	$10.49B	$2.00B	5.2×	-0.0×	Dec 31, 2009
2008	$8.30B	$1.57B	5.3×	-1.2×	Dec 31, 2008
2007	$12.62B	$1.94B	6.5×	-0.2×	Dec 31, 2007
2006	$11.29B	$1.68B	6.7×	+1.1×	Dec 31, 2006
2005	$9.20B	$1.65B	5.6×	-0.2×	Dec 31, 2005
2004	$9.00B	$1.56B	5.8×	+0.3×	Dec 31, 2004
2003	$7.03B	$1.30B	5.4×	-0.4×	Dec 31, 2003
2002	$6.42B	$1.10B	5.8×	-0.0×	Dec 31, 2002
2001	$5.14B	$880.35M	5.8×	—	Dec 31, 2001


RPM International (RPM)	4.6×
Freeport-McMoRan (FCX)	4.4×
Vulcan Materials (VMC)	4.3×
Air Products and Chemicals (APD)	4.1×
Agnico Eagle Mines (AEM)	3.9×
CF Industries Holdings (CF)	3.7×
Newmont (NEM)	3.4×
Martin Marietta Materials (MLM)	3.1×
CRH (CRH)	3.0×
PPG Industries (PPG)	3.0×
Steel Dynamics (STLD)	2.8×
LyondellBasell (LYB)	2.6×
Corteva (CTVA)	2.3×
Albemarle (ALB)	2.1×
Dow (DOW)	2.0×
Weyerhaeuser (WY)	1.9×
Nucor (NUE)	1.8×
H.B. Fuller (FUL)	1.7×
Eastman Chemical (EMN)	1.4×
Avient (AVNT)	1.4×
Ashland (ASH)	1.4×
DuPont de Nemours (DD)	1.3×
International Flavors & Fragrances (IFF)	1.3×
Stepan (SCL)	1.0×
Mosaic (MOS)	0.7×

P/B Ratio for Ecolab (ECL)

P/B Ratio daily chart for Ecolab (ECL)

Historical P/B Ratio for Ecolab (ECL) from 2001 to 2025

About P/B Ratio at Ecolab (ECL)

Ecolab P/B Ratio by Year

Ecolab P/B Ratio 2025: 7.6×

Ecolab P/B Ratio 2024: 7.6×

Ecolab P/B Ratio 2023: 7.0×

Ecolab P/B Ratio 2022: 5.7×

Ecolab P/B Ratio 2021: 9.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Ecolab (ECL) Key Financials

P/B Ratio daily chart for Ecolab (ECL)

Historical P/B Ratio for Ecolab (ECL) from 2001 to 2025

About P/B Ratio at Ecolab (ECL)

Ecolab P/B Ratio by Year

Ecolab P/B Ratio 2025: 7.6×

Ecolab P/B Ratio 2024: 7.6×

Ecolab P/B Ratio 2023: 7.0×

Ecolab P/B Ratio 2022: 5.7×

Ecolab P/B Ratio 2021: 9.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Ecolab'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 Ecolab?

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

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

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

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

Ecolab (ECL) Key Financials