Question 1

What is FactSet's P/B ratio?

Accepted Answer

FactSet (FDS) P/B ratio is 4.5× 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 FactSet?

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 FactSet specifically, the relevant sector benchmark is the current sector median of 1.7×.

Question 5

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

Accepted Answer

FactSet's P/B ratio of 4.5× is below its own 5-year average of 9.5× and above the sector median of 1.7×. That places the current reading at the 8th 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 FactSet's historical P/B ratio range?

Accepted Answer

In the available daily series, FactSet (FDS) P/B ratio has ranged from a low of 3.3× in 2026 to a high of 18.5× in 2021. The 5-year average is 9.5× and the 5-year median is 9.6×.

Question 7

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

Accepted Answer

FactSet (FDS) P/B ratio at the end of 2025 was 6.4×. 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 FactSet'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	$14.1B	$2.19B	6.4×	-2.1×	Aug 31, 2025
2024	$16.3B	$1.91B	8.5×	-1.7×	Aug 31, 2024
2023	$16.6B	$1.62B	10.3×	-2.1×	Aug 31, 2023
2022	$16.5B	$1.33B	12.4×	-1.7×	Aug 31, 2022
2021	$14.3B	$1.02B	14.1×	-0.8×	Aug 31, 2021
2020	$13.3B	$898M	14.8×	-0.6×	Aug 31, 2020
2019	$10.4B	$672M	15.4×	-1.2×	Aug 31, 2019
2018	$8.76B	$526M	16.7×	+5.7×	Aug 31, 2018
2017	$6.13B	$560M	11.0×	-2.8×	Aug 31, 2017
2016	$7.13B	$517M	13.8×	+1.5×	Aug 31, 2016
2015	$6.52B	$532M	12.3×	+1.9×	Aug 31, 2015
2014	$5.32B	$511M	10.4×	+2.2×	Aug 31, 2014
2013	$4.43B	$542M	8.2×	+0.8×	Aug 31, 2013
2012	$4.09B	$552M	7.4×	-0.3×	Aug 31, 2012
2011	$3.97B	$515M	7.7×	+0.9×	Aug 31, 2011
2010	$3.4B	$502M	6.8×	+1.6×	Aug 31, 2010
2009	$2.59B	$501M	5.2×	-1.2×	Aug 31, 2009
2008	$2.97B	$465M	6.4×	-0.7×	Aug 31, 2008
2007	$2.9B	$409M	7.1×	+1.1×	Aug 31, 2007
2006	$2.16B	$359M	6.0×	-0.2×	Aug 31, 2006
2005	$1.68B	$268M	6.3×	-6.6×	Aug 31, 2005
2004	$2.12B	$165M	12.9×	+5.2×	Aug 31, 2004
2003	$1.64B	$212M	7.7×	+3.0×	Aug 31, 2003
2002	$838M	$177M	4.7×	—	Aug 31, 2002


AXIS Capital Holdings (AXS)	1.2×
Loews (L)	1.2×
First Financial (THFF)	1.1×
Citizens Financial Group (CFG)	1.1×
Citigroup (C)	1.1×
Federal Agricultural Mortgage (AGM)	1.1×
UMB Financial (UMBF)	1.1×
Southside Bancshares (SBSI)	1.1×
Prudential Financial (PRU)	1.1×
United Bankshares (UBSI)	1.1×
Alerus Financial (ALRS)	1.0×
Capital One Financial (COF)	1.0×
Franklin Resources (BEN)	1.0×
American International Group (AIG)	1.0×
Eagle Financial Services (EFSI)	1.0×
Truist Financial (TFC)	1.0×
Ares Capital (ARCC)	0.9×
Huntington Bancshares (HBAN)	0.9×
Auburn National Bancorporation (AUBN)	0.9×
Invesco (IVZ)	0.9×
Everest Group (EG)	0.9×
PSB Holdings (PSBQ)	0.8×
Global Payments (GPN)	0.7×
Assured Guaranty (AGO)	0.7×
Atlantic Union Bankshares (AUB)	0.0×

P/B Ratio for FactSet (FDS) 2002-2026

P/B Ratio daily chart for FactSet (FDS)

Historical P/B Ratio for FactSet (FDS) from 2002 to 2025

About P/B Ratio at FactSet (FDS)

FactSet P/B Ratio by Year

FactSet P/B Ratio 2025: 6.4×

FactSet P/B Ratio 2024: 8.5×

FactSet P/B Ratio 2023: 10.3×

FactSet P/B Ratio 2022: 12.4×

FactSet P/B Ratio 2021: 14.1×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

FactSet (FDS) Key Financials