Question 1

What is MSA Safety's P/B ratio?

Accepted Answer

MSA Safety (MSA) P/B ratio is 4.6× 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 MSA Safety?

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 MSA Safety specifically, the relevant sector benchmark is the current sector median of 5.0×.

Question 5

Is MSA Safety's P/B ratio high or low?

Accepted Answer

MSA Safety's P/B ratio of 4.6× is below its own 5-year average of 6.2× and below the sector median of 5.0×. That places the current reading at the 0th 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 MSA Safety's historical P/B ratio range?

Accepted Answer

In the available daily series, MSA Safety (MSA) P/B ratio has ranged from a low of 1.4× in 2002 to a high of 8.9× in 2023. The 5-year average is 6.2× and the 5-year median is 6.2×.

Question 7

What was MSA Safety's P/B ratio in 2025?

Accepted Answer

MSA Safety (MSA) P/B ratio at the end of 2025 was 4.6×. 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 MSA Safety'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	$6.26B	$1.37B	4.6×	-1.1×	Dec 31, 2025
2024	$6.53B	$1.14B	5.7×	-1.2×	Dec 31, 2024
2023	$6.64B	$966.80M	6.9×	+0.8×	Dec 31, 2023
2022	$5.65B	$923.74M	6.1×	-1.0×	Dec 31, 2022
2021	$5.92B	$834.39M	7.1×	+0.2×	Dec 31, 2021
2020	$5.82B	$839.20M	6.9×	+0.2×	Dec 31, 2020
2019	$4.90B	$725.80M	6.7×	+1.1×	Dec 31, 2019
2018	$3.63B	$639.52M	5.7×	+0.8×	Dec 31, 2018
2017	$2.95B	$602.58M	4.9×	+0.3×	Dec 31, 2017
2016	$2.61B	$561.21M	4.6×	+1.5×	Dec 31, 2016
2015	$1.62B	$516.50M	3.1×	-0.5×	Dec 31, 2015
2014	$1.98B	$538.63M	3.7×	+0.4×	Dec 31, 2014
2013	$1.89B	$572.35M	3.3×	-0.0×	Dec 31, 2013
2012	$1.57B	$470.70M	3.3×	+0.6×	Dec 31, 2012
2011	$1.20B	$439.41M	2.7×	+0.2×	Dec 31, 2011
2010	$1.12B	$451.37M	2.5×	+0.3×	Dec 31, 2010
2009	$946.75M	$436.62M	2.2×	+0.0×	Dec 31, 2009
2008	$851.67M	$393.77M	2.2×	-1.8×	Dec 31, 2008
2007	$1.83B	$461.53M	4.0×	+1.0×	Dec 31, 2007
2006	$1.31B	$437.85M	3.0×	-0.5×	Dec 31, 2006
2005	$1.33B	$382.40M	3.5×	-1.5×	Dec 31, 2005
2004	$1.87B	$377.61M	4.9×	+1.8×	Dec 31, 2004
2003	$964.41M	$307.86M	3.1×	+1.8×	Dec 31, 2003
2002	$394.07M	$289.06M	1.4×	-0.5×	Dec 31, 2002
2001	$482.60M	$253.50M	1.9×	—	Dec 31, 2001


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 MSA Safety (MSA)

P/B Ratio daily chart for MSA Safety (MSA)

Historical P/B Ratio for MSA Safety (MSA) from 2001 to 2025

About P/B Ratio at MSA Safety (MSA)

MSA Safety P/B Ratio by Year

MSA Safety P/B Ratio 2025: 4.6×

MSA Safety P/B Ratio 2024: 5.7×

MSA Safety P/B Ratio 2023: 6.9×

MSA Safety P/B Ratio 2022: 6.1×

MSA Safety P/B Ratio 2021: 7.1×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

MSA Safety (MSA) Key Financials

P/B Ratio daily chart for MSA Safety (MSA)

Historical P/B Ratio for MSA Safety (MSA) from 2001 to 2025

About P/B Ratio at MSA Safety (MSA)

MSA Safety P/B Ratio by Year

MSA Safety P/B Ratio 2025: 4.6×

MSA Safety P/B Ratio 2024: 5.7×

MSA Safety P/B Ratio 2023: 6.9×

MSA Safety P/B Ratio 2022: 6.1×

MSA Safety P/B Ratio 2021: 7.1×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is MSA Safety'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 MSA Safety?

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

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

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

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

MSA Safety (MSA) Key Financials