Question 1

What is McDonald's's P/B ratio?

Accepted Answer

McDonald's (MCD) P/B ratio is currently not available. A negative or zero P/B occurs when accumulated losses, large buybacks, or special dividends have driven shareholders' equity below zero. In that case P/B is reported as N/A and analysts use P/S or EV/EBITDA as substitutes.

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 McDonald's?

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 McDonald's specifically, the relevant sector benchmark is the current sector median of 4.3×.

Question 5

What is McDonald's's historical P/B ratio range?

Accepted Answer

In the available daily series, McDonald's (MCD) P/B ratio has ranged from a low of 1.7× in 2003 to a high of 162.5× in 2016.

Question 6

What was McDonald's's P/B ratio in 2015?

Accepted Answer

McDonald's (MCD) P/B ratio at the end of 2015 was 15.1×. 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 7

Why does McDonald's'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.

Question 8

Why is McDonald's's P/B ratio not available?

Accepted Answer

A negative or zero P/B occurs when accumulated losses, large buybacks, or special dividends have driven shareholders' equity below zero. In that case P/B is reported as N/A and analysts use P/S or EV/EBITDA as substitutes.


2025	$218B	-$1.79B	—	—	Dec 31, 2025
2024	$207B	-$3.8B	—	—	Dec 31, 2024
2023	$215B	-$4.71B	—	—	Dec 31, 2023
2022	$193B	-$6B	—	—	Dec 31, 2022
2021	$200B	-$4.6B	—	—	Dec 31, 2021
2020	$160B	-$7.82B	—	—	Dec 31, 2020
2019	$147B	-$8.21B	—	—	Dec 31, 2019
2018	$136B	-$6.26B	—	—	Dec 31, 2018
2017	$137B	-$3.27B	—	—	Dec 31, 2017
2016	$99.6B	-$2.2B	—	—	Dec 31, 2016
2015	$107B	$7.09B	15.1×	+8.1×	Dec 31, 2015
2014	$90.2B	$12.9B	7.0×	+1.0×	Dec 31, 2014
2013	$96.1B	$16B	6.0×	+0.2×	Dec 31, 2013
2012	$88.4B	$15.3B	5.8×	-1.3×	Dec 31, 2012
2011	$102B	$14.4B	7.1×	+1.6×	Dec 31, 2011
2010	$79.6B	$14.6B	5.4×	+0.7×	Dec 31, 2010
2009	$67.2B	$14B	4.8×	-0.3×	Dec 31, 2009
2008	$68.6B	$13.4B	5.1×	+0.7×	Dec 31, 2008
2007	$67.5B	$15.3B	4.4×	+1.0×	Dec 31, 2007
2006	$53.2B	$15.5B	3.4×	+0.7×	Dec 31, 2006
2005	$42.3B	$15.1B	2.8×	-0.1×	Dec 31, 2005
2004	$40.5B	$14.2B	2.9×	+0.2×	Dec 31, 2004
2003	$31.3B	$12B	2.6×	+0.6×	Dec 31, 2003
2002	$20.4B	$10.3B	2.0×	—	Dec 31, 2002


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V.F. (VFC)	3.5×
Lululemon Athletica (LULU)	3.1×
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Lucid Group (LCID)	1.5×
Leggett & Platt (LEG)	1.3×
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LKQ (LKQ)	1.2×
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KB Home (KBH)	0.8×
Mohawk Industries (MHK)	0.7×

P/B Ratio for McDonald's (MCD) 2002-2026

P/B Ratio daily chart for McDonald's (MCD)

Historical P/B Ratio for McDonald's (MCD) from 2002 to 2025

About P/B Ratio at McDonald's (MCD)

McDonald's P/B Ratio by Year

McDonald's P/B Ratio 2015: 15.1×

McDonald's P/B Ratio 2014: 7.0×

McDonald's P/B Ratio 2013: 6.0×

McDonald's P/B Ratio 2012: 5.8×

McDonald's P/B Ratio 2011: 7.1×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

McDonald's (MCD) Key Financials