Question 1

What is Mondelez International's P/B ratio?

Accepted Answer

Mondelez International (MDLZ) P/B ratio is 3.1× 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 Mondelez International?

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 Mondelez International specifically, the relevant sector benchmark is the current sector median of 3.4×.

Question 5

Is Mondelez International's P/B ratio high or low?

Accepted Answer

Mondelez International's P/B ratio of 3.1× is below its own 5-year average of 3.2× and below the sector median of 3.4×. That places the current reading at the 22th 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 Mondelez International's historical P/B ratio range?

Accepted Answer

In the available daily series, Mondelez International (MDLZ) P/B ratio has ranged from a low of 0.9× in 2010 to a high of 3.8× in 2023. The 5-year average is 3.2× and the 5-year median is 3.2×.

Question 7

What was Mondelez International's P/B ratio in 2025?

Accepted Answer

Mondelez International (MDLZ) P/B ratio at the end of 2025 was 2.7×. 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 Mondelez International'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	$69.4B	$25.8B	2.7×	-0.3×	Dec 31, 2025
2024	$80B	$26.9B	3.0×	-0.5×	Dec 31, 2024
2023	$98.4B	$28.3B	3.5×	+0.1×	Dec 31, 2023
2022	$91.2B	$26.9B	3.4×	+0.1×	Dec 31, 2022
2021	$92.6B	$28.3B	3.3×	+0.2×	Dec 31, 2021
2020	$83.6B	$27.6B	3.0×	+0.1×	Dec 31, 2020
2019	$79.4B	$27.2B	2.9×	+0.6×	Dec 31, 2019
2018	$58.3B	$25.6B	2.3×	-0.2×	Dec 31, 2018
2017	$64.1B	$26B	2.5×	-0.2×	Dec 31, 2017
2016	$68.3B	$25.2B	2.7×	+0.2×	Dec 31, 2016
2015	$71.3B	$28B	2.5×	+0.3×	Dec 31, 2015
2014	$60.9B	$27.8B	2.2×	+0.3×	Dec 31, 2014
2013	$61.5B	$32.4B	1.9×	+0.5×	Dec 31, 2013
2012	$45.3B	$32.3B	1.4×	+0.2×	Dec 31, 2012
2011	$43.3B	$35.2B	1.2×	+0.2×	Dec 31, 2011
2010	$36.2B	$35.8B	1.0×	-0.1×	Dec 31, 2010
2009	$28.7B	$25.9B	1.1×	-0.1×	Dec 31, 2009
2008	$25.9B	$22.2B	1.2×	-0.0×	Dec 31, 2008
2007	$32.4B	$27.3B	1.2×	-0.1×	Dec 31, 2007
2006	$38.1B	$28.6B	1.3×	+0.3×	Dec 31, 2006
2005	$30.4B	$29.6B	1.0×	-0.3×	Dec 31, 2005
2004	$39.6B	$29.9B	1.3×	+0.1×	Dec 31, 2004
2003	$35.8B	$28.5B	1.3×	-0.4×	Dec 31, 2003
2002	$43.9B	$25.8B	1.7×	—	Dec 31, 2002


Church & Dwight Co. (CHD)	5.3×
Albertsons Companies (ACI)	5.0×
Coca-Cola Europacific Partners (CCEP)	4.4×
Marzetti (MZTI)	3.6×
Lamb Weston (LW)	3.6×
Target (TGT)	3.6×
Tootsie Roll Industries (TR)	3.4×
Kenvue (KVUE)	3.1×
Brown-Forman (BF-B)	2.9×
Dollar General (DG)	2.9×
Constellation Brands (STZ)	2.8×
Performance Food Group (PFGC)	2.7×
General Mills (GIS)	2.5×
J. M. Smucker (SJM)	1.9×
McCormick & Company (MKC)	1.8×
Archer-Daniels-Midland (ADM)	1.5×
Bunge Global S.A. (BG)	1.5×
Campbell Soup (CPB)	1.5×
Hormel Foods (HRL)	1.5×
Keurig Dr Pepper (KDP)	1.4×
Tyson Foods (TSN)	1.2×
Conagra Brands (CAG)	1.0×
Universal Corporation (UVV)	0.9×
Molson Coors Beverage (TAP)	0.8×
Kraft Heinz (KHC)	0.6×

P/B Ratio for Mondelez International (MDLZ) 2002-2026

P/B Ratio daily chart for Mondelez International (MDLZ)

Historical P/B Ratio for Mondelez International (MDLZ) from 2002 to 2025

About P/B Ratio at Mondelez International (MDLZ)

Mondelez International P/B Ratio by Year

Mondelez International P/B Ratio 2025: 2.7×

Mondelez International P/B Ratio 2024: 3.0×

Mondelez International P/B Ratio 2023: 3.5×

Mondelez International P/B Ratio 2022: 3.4×

Mondelez International P/B Ratio 2021: 3.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Mondelez International (MDLZ) Key Financials