Question 1

What is Expeditors International's P/B ratio?

Accepted Answer

Expeditors International (EXPD) P/B ratio is 9.4× 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 Expeditors International?

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 Expeditors International specifically, the relevant sector benchmark is the current sector median of 5.0×.

Question 5

Is Expeditors International's P/B ratio high or low?

Accepted Answer

Expeditors International's P/B ratio of 9.4× is above its own 5-year average of 6.7× and above the sector median of 5.0×. That places the current reading at the 98th 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 Expeditors International's historical P/B ratio range?

Accepted Answer

In the available daily series, Expeditors International (EXPD) P/B ratio has ranged from a low of 3.5× in 2013 to a high of 12.3× in 2006. The 5-year average is 6.7× and the 5-year median is 7.0×.

Question 7

What was Expeditors International's P/B ratio in 2025?

Accepted Answer

Expeditors International (EXPD) P/B ratio at the end of 2025 was 8.5×. 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 Expeditors International'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	$20.00B	$2.36B	8.5×	+1.5×	Dec 31, 2025
2024	$15.44B	$2.22B	6.9×	-0.8×	Dec 31, 2024
2023	$18.44B	$2.39B	7.7×	+2.5×	Dec 31, 2023
2022	$16.34B	$3.11B	5.3×	-1.2×	Dec 31, 2022
2021	$22.61B	$3.49B	6.5×	+0.4×	Dec 31, 2021
2020	$16.12B	$2.66B	6.1×	+0.0×	Dec 31, 2020
2019	$13.29B	$2.20B	6.1×	+0.1×	Dec 31, 2019
2018	$11.75B	$1.99B	5.9×	+0.1×	Dec 31, 2018
2017	$11.48B	$1.99B	5.8×	+0.6×	Dec 31, 2017
2016	$9.54B	$1.84B	5.2×	+0.2×	Dec 31, 2016
2015	$8.35B	$1.69B	4.9×	+0.3×	Dec 31, 2015
2014	$8.60B	$1.87B	4.6×	+0.3×	Dec 31, 2014
2013	$9.05B	$2.08B	4.3×	+0.3×	Dec 31, 2013
2012	$8.22B	$2.03B	4.1×	-0.3×	Dec 31, 2012
2011	$8.68B	$2.00B	4.3×	-2.3×	Dec 31, 2011
2010	$11.59B	$1.74B	6.7×	+1.9×	Dec 31, 2010
2009	$7.37B	$1.55B	4.7×	-0.4×	Dec 31, 2009
2008	$7.05B	$1.37B	5.2×	-2.6×	Dec 31, 2008
2007	$9.52B	$1.23B	7.8×	-0.3×	Dec 31, 2007
2006	$8.63B	$1.07B	8.1×	+0.2×	Dec 31, 2006
2005	$7.20B	$913.72M	7.9×	+0.5×	Dec 31, 2005
2004	$5.94B	$807.40M	7.4×	+1.2×	Dec 31, 2004
2003	$3.96B	$645.50M	6.1×	-0.4×	Dec 31, 2003
2002	$3.40B	$523.81M	6.5×	-0.6×	Dec 31, 2002
2001	$2.94B	$414.62M	7.1×	—	Dec 31, 2001


PACCAR (PCAR)	3.1×
Franklin Electric Co. (FELE)	3.0×
Huntington Ingalls Industries (HII)	2.9×
Brady (BRC)	2.9×
Fortive (FTV)	2.9×
Southwest Airlines (LUV)	2.7×
Xylem (XYL)	2.6×
FedEx (FDX)	2.5×
Axon Enterprise (TASR)	2.4×
Builders FirstSource (BLDR)	2.3×
McGrath RentCorp (MGRC)	2.2×
Tennant (TNC)	2.2×
Delta Air Lines (DAL)	2.1×
AGCO (AGCO)	2.0×
Textron (TXT)	1.9×
Archer Aviation (ACHR)	1.9×
United Airlines Holdings (UAL)	1.9×
Alamo Group (ALG)	1.7×
Matthews International (MATW)	1.6×
MDU Resources Group (MDU)	1.5×
Amentum Holdings (AMTM)	1.4×
ABM Industries (ABM)	1.4×
Stanley Black & Decker (SWK)	1.2×
Alaska Air Group (ALK)	1.1×
Versant Media Group, Inc. Class A (VSNT)	0.7×

P/B Ratio for Expeditors International (EXPD)

P/B Ratio daily chart for Expeditors International (EXPD)

Historical P/B Ratio for Expeditors International (EXPD) from 2001 to 2025

About P/B Ratio at Expeditors International (EXPD)

Expeditors International P/B Ratio by Year

Expeditors International P/B Ratio 2025: 8.5×

Expeditors International P/B Ratio 2024: 6.9×

Expeditors International P/B Ratio 2023: 7.7×

Expeditors International P/B Ratio 2022: 5.3×

Expeditors International P/B Ratio 2021: 6.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Expeditors International (EXPD) Key Financials

P/B Ratio daily chart for Expeditors International (EXPD)

Historical P/B Ratio for Expeditors International (EXPD) from 2001 to 2025

About P/B Ratio at Expeditors International (EXPD)

Expeditors International P/B Ratio by Year

Expeditors International P/B Ratio 2025: 8.5×

Expeditors International P/B Ratio 2024: 6.9×

Expeditors International P/B Ratio 2023: 7.7×

Expeditors International P/B Ratio 2022: 5.3×

Expeditors International P/B Ratio 2021: 6.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Expeditors International'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 Expeditors International?

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

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

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

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

Expeditors International (EXPD) Key Financials