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 4.2×.

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	$218.28B	−$1.79B	—	—	Dec 31, 2025
2024	$207.33B	−$3.80B	—	—	Dec 31, 2024
2023	$214.62B	−$4.71B	—	—	Dec 31, 2023
2022	$193.03B	−$6.00B	—	—	Dec 31, 2022
2021	$199.66B	−$4.60B	—	—	Dec 31, 2021
2020	$159.95B	−$7.82B	—	—	Dec 31, 2020
2019	$147.48B	−$8.21B	—	—	Dec 31, 2019
2018	$136.21B	−$6.26B	—	—	Dec 31, 2018
2017	$136.68B	−$3.27B	—	—	Dec 31, 2017
2016	$99.63B	−$2.20B	—	—	Dec 31, 2016
2015	$107.13B	$7.09B	15.1×	+8.1×	Dec 31, 2015
2014	$90.22B	$12.85B	7.0×	+1.0×	Dec 31, 2014
2013	$96.10B	$16.01B	6.0×	+0.2×	Dec 31, 2013
2012	$88.45B	$15.29B	5.8×	-1.3×	Dec 31, 2012
2011	$101.96B	$14.39B	7.1×	+1.6×	Dec 31, 2011
2010	$79.64B	$14.63B	5.4×	+0.7×	Dec 31, 2010
2009	$67.17B	$14.03B	4.8×	-0.3×	Dec 31, 2009
2008	$68.61B	$13.38B	5.1×	+0.7×	Dec 31, 2008
2007	$67.49B	$15.28B	4.4×	+1.0×	Dec 31, 2007
2006	$53.25B	$15.46B	3.4×	+0.7×	Dec 31, 2006
2005	$42.29B	$15.15B	2.8×	-0.1×	Dec 31, 2005
2004	$40.54B	$14.20B	2.9×	+0.2×	Dec 31, 2004
2003	$31.33B	$11.98B	2.6×	+0.6×	Dec 31, 2003
2002	$20.40B	$10.28B	2.0×	-1.6×	Dec 31, 2002
2001	$33.81B	$9.49B	3.6×	—	Dec 31, 2001


V.F. (VFC)	3.5×
Carnival Corporation (CCL)	3.3×
Genuine Parts (GPC)	3.3×
Lululemon Athletica (LULU)	3.1×
Ball (BALL)	2.8×
PDD Holdings (PDD)	2.3×
GameStop (GME)	2.0×
XPeng (XPEV)	2.0×
Alibaba (BABA)	1.9×
Li Auto (LI)	1.8×
PulteGroup (PHM)	1.7×
Amcor (AMCR)	1.7×
D.R. Horton (DHI)	1.7×
Toll Brothers (TOL)	1.6×
Lucid Group (LCID)	1.5×
Sonoco Products (SON)	1.5×
Leggett & Platt (LEG)	1.3×
International Paper (IP)	1.3×
Lennar (LEN)	1.3×
Weyco Group (WEYS)	1.2×
Ford Motor (F)	1.2×
LKQ (LKQ)	1.2×
Smurfit Westrock (SW)	1.1×
General Motors (GM)	1.1×
Mohawk Industries (MHK)	0.7×

P/B Ratio for McDonald's (MCD)

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

Historical P/B Ratio for McDonald's (MCD) from 2001 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

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

Historical P/B Ratio for McDonald's (MCD) from 2001 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

+What is McDonald's'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 McDonald's?

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

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

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

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

McDonald's (MCD) Key Financials