Question 1

What is MSCI's P/B ratio?

Accepted Answer

MSCI (MSCI) 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 MSCI?

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 MSCI specifically, the relevant sector benchmark is the current sector median of 1.7×.

Question 5

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

Accepted Answer

In the available daily series, MSCI (MSCI) P/B ratio has ranged from a low of 2.4× in 2007 to a high of 42.6× in 2018.

Question 6

What was MSCI's P/B ratio in 2017?

Accepted Answer

MSCI (MSCI) P/B ratio at the end of 2017 was 28.4×. 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 MSCI'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 MSCI'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	$44.27B	−$2.65B	—	—	Dec 31, 2025
2024	$47.02B	−$940.00M	—	—	Dec 31, 2024
2023	$44.75B	−$739.76M	—	—	Dec 31, 2023
2022	$37.21B	−$1.01B	—	—	Dec 31, 2022
2021	$50.53B	−$163.47M	—	—	Dec 31, 2021
2020	$36.94B	−$443.23M	—	—	Dec 31, 2020
2019	$21.89B	−$76.71M	—	—	Dec 31, 2019
2018	$12.82B	−$166.49M	—	—	Dec 31, 2018
2017	$11.41B	$401.01M	28.4×	+5.3×	Dec 31, 2017
2016	$7.35B	$317.61M	23.1×	+14.9×	Dec 31, 2016
2015	$7.42B	$901.49M	8.2×	+4.5×	Dec 31, 2015
2014	$5.33B	$1.43B	3.7×	+0.4×	Dec 31, 2014
2013	$5.20B	$1.58B	3.3×	+0.6×	Dec 31, 2013
2012	$3.78B	$1.43B	2.7×	-0.4×	Dec 31, 2012
2011	$3.99B	$1.31B	3.1×	-0.7×	Dec 31, 2011
2010	$4.03B	$1.08B	3.7×	-2.3×	Nov 30, 2010
2009	$3.06B	$507.06M	6.0×	+0.9×	Nov 30, 2009
2008	$1.47B	$286.38M	5.1×	-6.5×	Nov 30, 2008
2007	$2.32B	$200.02M	11.6×	+9.1×	Nov 30, 2007
2006	$2.09B	$825.71M	2.5×	-0.2×	Nov 30, 2006
2005	$2.09B	$757.22M	2.8×	—	Nov 30, 2005


UMB Financial (UMBF)	1.1×
RenaissanceRe Holdings (RNR)	1.1×
KeyCorp (KEY)	1.1×
Southside Bancshares (SBSI)	1.1×
Prudential Financial (PRU)	1.1×
United Bankshares (UBSI)	1.1×
Alerus Financial (ALRS)	1.0×
Capital One Financial (COF)	1.0×
Franklin Resources (BEN)	1.0×
Atlantic Union Bankshares (AUB)	1.0×
American International Group (AIG)	1.0×
Eagle Financial Services (EFSI)	1.0×
Everest Re Group (RE)	1.0×
Citizens Financial Group (CFG)	1.0×
Citigroup (C)	0.9×
Ares Capital (ARCC)	0.9×
Huntington Bancshares (HBAN)	0.9×
Auburn National Bancorporation (AUBN)	0.9×
Invesco (IVZ)	0.9×
Truist Financial (TFC)	0.9×
Everest Re Group (EG)	0.9×
PSB Holdings (PSBQ)	0.8×
Ally Financial (ALLY)	0.8×
Global Payments (GPN)	0.7×
Assured Guaranty (AGO)	0.7×

P/B Ratio for MSCI (MSCI)

P/B Ratio daily chart for MSCI (MSCI)

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

About P/B Ratio at MSCI (MSCI)

MSCI P/B Ratio by Year

MSCI P/B Ratio 2017: 28.4×

MSCI P/B Ratio 2016: 23.1×

MSCI P/B Ratio 2015: 8.2×

MSCI P/B Ratio 2014: 3.7×

MSCI P/B Ratio 2013: 3.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

MSCI (MSCI) Key Financials

P/B Ratio daily chart for MSCI (MSCI)

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

About P/B Ratio at MSCI (MSCI)

MSCI P/B Ratio by Year

MSCI P/B Ratio 2017: 28.4×

MSCI P/B Ratio 2016: 23.1×

MSCI P/B Ratio 2015: 8.2×

MSCI P/B Ratio 2014: 3.7×

MSCI P/B Ratio 2013: 3.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is MSCI'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 MSCI?

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

+What was MSCI's P/B ratio in 2017?

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

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

MSCI (MSCI) Key Financials