Question 1

What is Flex's P/B ratio?

Accepted Answer

Flex (FLEX) P/B ratio is 7.0× as of July 29, 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 Flex?

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

Question 5

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

Accepted Answer

Flex's P/B ratio of 7.0× is above its own 5-year average of 2.7× and above the sector median of 6.0×. That places the current reading at the 95th 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 Flex's historical P/B ratio range?

Accepted Answer

In the available daily series, Flex (FLEX) P/B ratio has ranged from a low of 0.7× in 2002 to a high of 11.8× in 2026. The 5-year average is 2.7× and the 5-year median is 2.4×.

Question 7

What was Flex's P/B ratio in 2026?

Accepted Answer

Flex (FLEX) P/B ratio at the end of 2026 was 4.8×. 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 Flex'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.


2026	$24.5B	$5.14B	4.8×	+2.2×	Mar 31, 2026
2025	$12.9B	$5B	2.6×	+0.3×	Mar 31, 2025
2024	$12B	$5.33B	2.2×	+0.3×	Mar 31, 2024
2023	$10.4B	$5.35B	1.9×	-0.1×	Mar 31, 2023
2022	$8.55B	$4.13B	2.1×	-0.7×	Mar 31, 2022
2021	$9.35B	$3.44B	2.7×	+1.2×	Mar 31, 2021
2020	$4.2B	$2.83B	1.5×	-0.3×	Mar 31, 2020
2019	$5.38B	$2.97B	1.8×	-1.0×	Mar 31, 2019
2018	$8.62B	$3.02B	2.9×	-0.6×	Mar 31, 2018
2017	$9.12B	$2.64B	3.4×	+0.8×	Mar 31, 2017
2016	$6.73B	$2.57B	2.6×	-0.5×	Mar 31, 2016
2015	$7.45B	$2.36B	3.2×	+0.6×	Mar 31, 2015
2014	$5.53B	$2.16B	2.6×	+0.6×	Mar 31, 2014
2013	$4.32B	$2.25B	1.9×	-0.2×	Mar 31, 2013
2012	$4.95B	$2.28B	2.2×	-0.3×	Mar 31, 2012
2011	$5.68B	$2.29B	2.5×	-0.7×	Mar 31, 2011
2010	$6.37B	$1.98B	3.2×	+2.0×	Mar 31, 2010
2009	$2.34B	$1.86B	1.3×	+0.3×	Mar 31, 2009
2008	$7.78B	$8.16B	1.0×	-0.1×	Mar 31, 2008
2007	$6.45B	$6.18B	1.0×	-0.1×	Mar 31, 2007
2006	$5.95B	$5.35B	1.1×	-0.2×	Mar 31, 2006
2005	$6.77B	$5.22B	1.3×	-0.8×	Mar 31, 2005
2004	$9.01B	$4.37B	2.1×	+1.1×	Mar 31, 2004
2003	$4.52B	$4.54B	1.0×	-1.1×	Mar 31, 2003
2002	$9.21B	$4.46B	2.1×	—	Mar 31, 2002


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P/B Ratio for Flex (FLEX) 2002-2026

P/B Ratio daily chart for Flex (FLEX)

Historical P/B Ratio for Flex (FLEX) from 2002 to 2026

About P/B Ratio at Flex (FLEX)

Flex P/B Ratio by Year

Flex P/B Ratio 2026: 4.8×

Flex P/B Ratio 2025: 2.6×

Flex P/B Ratio 2024: 2.2×

Flex P/B Ratio 2023: 1.9×

Flex P/B Ratio 2022: 2.1×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Flex (FLEX) Key Financials