Question 1

What is MercadoLibre's P/B ratio?

Accepted Answer

MercadoLibre (MELI) P/B ratio is 11.2× 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 MercadoLibre?

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 MercadoLibre specifically, the relevant sector benchmark is the current sector median of 4.2×.

Question 5

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

Accepted Answer

MercadoLibre's P/B ratio of 11.2× is below its own 5-year average of 103.7× and above the sector median of 4.2×. That places the current reading at the 1th 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 MercadoLibre's historical P/B ratio range?

Accepted Answer

In the available daily series, MercadoLibre (MELI) P/B ratio has ranged from a low of 7.8× in 2008 to a high of 1201.3× in 2021. The 5-year average is 103.7× and the 5-year median is 23.2×.

Question 7

What was MercadoLibre's P/B ratio in 2025?

Accepted Answer

MercadoLibre (MELI) P/B ratio at the end of 2025 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 8

Why does MercadoLibre'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	$102.12B	$6.75B	15.1×	-4.7×	Dec 31, 2025
2024	$86.21B	$4.35B	19.8×	-6.1×	Dec 31, 2024
2023	$79.57B	$3.07B	25.9×	+2.6×	Dec 31, 2023
2022	$42.55B	$1.83B	23.3×	-20.6×	Dec 31, 2022
2021	$67.15B	$1.53B	43.9×	-6.7×	Dec 31, 2021
2020	$83.46B	$1.65B	50.5×	+36.9×	Dec 31, 2020
2019	$28.43B	$2.08B	13.7×	-24.6×	Dec 31, 2019
2018	$12.88B	$336.70M	38.2×	-4.2×	Dec 31, 2018
2017	$13.84B	$325.78M	42.5×	+26.4×	Dec 31, 2017
2016	$6.89B	$428.85M	16.1×	+1.2×	Dec 31, 2016
2015	$5.05B	$339.46M	14.9×	-1.0×	Dec 31, 2015
2014	$5.64B	$355.79M	15.8×	+2.0×	Dec 31, 2014
2013	$4.76B	$343.48M	13.9×	+1.9×	Dec 31, 2013
2012	$3.47B	$289.81M	12.0×	-4.1×	Dec 31, 2012
2011	$3.51B	$219.18M	16.0×	-1.1×	Dec 31, 2011
2010	$2.94B	$171.72M	17.1×	-2.9×	Dec 31, 2010
2009	$2.29B	$114.19M	20.0×	+12.3×	Dec 31, 2009
2008	$725.15M	$93.42M	7.8×	-30.0×	Dec 31, 2008
2007	$3.46B	$91.67M	37.8×	—	Dec 31, 2007
2006	$370.81M	−$40.73M	—	—	Dec 31, 2006
2005	$368.45M	−$42.41M	—	—	Dec 31, 2005


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 MercadoLibre (MELI)

P/B Ratio daily chart for MercadoLibre (MELI)

Historical P/B Ratio for MercadoLibre (MELI) from 2005 to 2025

About P/B Ratio at MercadoLibre (MELI)

MercadoLibre P/B Ratio by Year

MercadoLibre P/B Ratio 2025: 15.1×

MercadoLibre P/B Ratio 2024: 19.8×

MercadoLibre P/B Ratio 2023: 25.9×

MercadoLibre P/B Ratio 2022: 23.3×

MercadoLibre P/B Ratio 2021: 43.9×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

MercadoLibre (MELI) Key Financials

P/B Ratio daily chart for MercadoLibre (MELI)

Historical P/B Ratio for MercadoLibre (MELI) from 2005 to 2025

About P/B Ratio at MercadoLibre (MELI)

MercadoLibre P/B Ratio by Year

MercadoLibre P/B Ratio 2025: 15.1×

MercadoLibre P/B Ratio 2024: 19.8×

MercadoLibre P/B Ratio 2023: 25.9×

MercadoLibre P/B Ratio 2022: 23.3×

MercadoLibre P/B Ratio 2021: 43.9×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is MercadoLibre'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 MercadoLibre?

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

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

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

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

MercadoLibre (MELI) Key Financials