Question 1

What is Johnson Controls's P/B ratio?

Accepted Answer

Johnson Controls (JCI) P/B ratio is 6.5× 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 Johnson Controls?

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 Johnson Controls specifically, the relevant sector benchmark is the current sector median of 5.0×.

Question 5

Is Johnson Controls's P/B ratio high or low?

Accepted Answer

Johnson Controls's P/B ratio of 6.5× is above its own 5-year average of 3.2× and above the sector median of 5.0×. That places the current reading at the 96th 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 Johnson Controls's historical P/B ratio range?

Accepted Answer

In the available daily series, Johnson Controls (JCI) P/B ratio has ranged from a low of 0.8× in 2008 to a high of 9.4× in 2001. The 5-year average is 3.2× and the 5-year median is 2.8×.

Question 7

What was Johnson Controls's P/B ratio in 2025?

Accepted Answer

Johnson Controls (JCI) P/B ratio at the end of 2025 was 5.4×. 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 Johnson Controls'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	$69.36B	$12.93B	5.4×	+2.2×	Sep 30, 2025
2024	$51.63B	$16.10B	3.2×	+1.0×	Sep 30, 2024
2023	$36.13B	$16.55B	2.2×	+0.1×	Sep 30, 2023
2022	$33.42B	$16.27B	2.1×	-0.6×	Sep 30, 2022
2021	$46.23B	$17.56B	2.6×	+0.9×	Sep 30, 2021
2020	$30.03B	$17.45B	1.7×	-0.0×	Sep 30, 2020
2019	$34.44B	$19.77B	1.7×	+0.6×	Sep 30, 2019
2018	$23.89B	$21.16B	1.1×	-0.2×	Sep 30, 2018
2017	$27.36B	$20.45B	1.3×	+0.2×	Sep 30, 2017
2016	$28.27B	$24.12B	1.2×	-0.9×	Sep 30, 2016
2015	$21.29B	$10.38B	2.1×	-0.5×	Sep 30, 2015
2014	$28.36B	$11.31B	2.5×	+0.7×	Sep 30, 2014
2013	$22.26B	$12.33B	1.8×	+0.2×	Sep 30, 2013
2012	$18.14B	$11.63B	1.6×	+0.4×	Sep 30, 2012
2011	$12.73B	$11.04B	1.2×	+0.0×	Sep 30, 2011
2010	$11.48B	$10.07B	1.1×	-0.0×	Sep 30, 2010
2009	$10.77B	$9.14B	1.2×	+0.0×	Sep 30, 2009
2008	$10.94B	$9.42B	1.2×	-0.4×	Sep 30, 2008
2007	$14.12B	$8.91B	1.6×	-0.3×	Sep 30, 2007
2006	$13.65B	$7.36B	1.9×	-0.4×	Sep 30, 2006
2005	$13.58B	$6.06B	2.2×	-0.6×	Sep 30, 2005
2004	$14.95B	$5.21B	2.9×	+0.5×	Sep 30, 2004
2003	$9.96B	$4.26B	2.3×	+0.4×	Sep 30, 2003
2002	$6.88B	$3.50B	2.0×	—	Sep 30, 2002


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 Johnson Controls (JCI)

P/B Ratio daily chart for Johnson Controls (JCI)

Historical P/B Ratio for Johnson Controls (JCI) from 2002 to 2025

About P/B Ratio at Johnson Controls (JCI)

Johnson Controls P/B Ratio by Year

Johnson Controls P/B Ratio 2025: 5.4×

Johnson Controls P/B Ratio 2024: 3.2×

Johnson Controls P/B Ratio 2023: 2.2×

Johnson Controls P/B Ratio 2022: 2.1×

Johnson Controls P/B Ratio 2021: 2.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Johnson Controls (JCI) Key Financials

P/B Ratio daily chart for Johnson Controls (JCI)

Historical P/B Ratio for Johnson Controls (JCI) from 2002 to 2025

About P/B Ratio at Johnson Controls (JCI)

Johnson Controls P/B Ratio by Year

Johnson Controls P/B Ratio 2025: 5.4×

Johnson Controls P/B Ratio 2024: 3.2×

Johnson Controls P/B Ratio 2023: 2.2×

Johnson Controls P/B Ratio 2022: 2.1×

Johnson Controls P/B Ratio 2021: 2.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Johnson Controls'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 Johnson Controls?

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

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

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

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

Johnson Controls (JCI) Key Financials