What is Microsoft's P/B ratio?

Microsoft (MSFT) P/B ratio is 8.4× as of August 7, 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).

How is the P/B ratio calculated?

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.

What is a good P/B ratio for Microsoft?

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 Microsoft specifically, the relevant sector benchmark is the current sector median of 5.9×.

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

Microsoft's P/B ratio of 8.4× is below its own 5-year average of 11.0× and above the sector median of 5.9×. That places the current reading at the 10th 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.

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

In the available daily series, Microsoft (MSFT) P/B ratio has ranged from a low of 3.1× in 2012 to a high of 17.1× in 2021. The 5-year average is 11.0× and the 5-year median is 10.9×.

What was Microsoft's P/B ratio in 2026?

Microsoft (MSFT) P/B ratio at the end of 2026 was 6.3×. 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.

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

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.

Microsoft (MSFT) P/B Ratio — Price-to-Book History

Current

8.4×

As of Aug 7, 2026

5-Year Average

11.0×

All-Time High

17.1×

Nov 19, 2021

All-Time Low

3.1×

Dec 31, 2012

P/B Ratio daily chart for Microsoft (MSFT)

Aug 9, 2021 – Aug 7, 2026 · 1,255 trading days

Historical P/B Ratio for Microsoft (MSFT) from 2002 to 2026


2026	$2.77T	$442B	6.3×	-4.5×	Jun 30, 2026
2025	$3.7T	$343B	10.8×	-1.9×	Jun 30, 2025
2024	$3.39T	$268B	12.6×	+0.4×	Jun 30, 2024
2023	$2.53T	$206B	12.3×	+0.8×	Jun 30, 2023
2022	$1.92T	$167B	11.5×	-2.8×	Jun 30, 2022
2021	$2.04T	$142B	14.4×	+1.3×	Jun 30, 2021
2020	$1.54T	$118B	13.0×	+2.9×	Jun 30, 2020
2019	$1.04T	$102B	10.1×	+1.0×	Jun 30, 2019
2018	$758B	$82.7B	9.2×	+3.1×	Jun 30, 2018
2017	$534B	$87.7B	6.1×	+0.5×	Jun 30, 2017
2016	$401B	$72B	5.6×	+1.1×	Jun 30, 2016
2015	$356B	$80.1B	4.4×	+0.6×	Jun 30, 2015
2014	$344B	$89.8B	3.8×	+0.2×	Jun 30, 2014
2013	$287B	$78.9B	3.6×	-0.2×	Jun 30, 2013
2012	$257B	$66.4B	3.9×	+0.0×	Jun 30, 2012
2011	$219B	$57.1B	3.8×	-0.5×	Jun 30, 2011
2010	$201B	$46.2B	4.3×	-1.0×	Jun 30, 2010
2009	$212B	$39.6B	5.3×	-1.7×	Jun 30, 2009
2008	$255B	$36.3B	7.0×	-2.0×	Jun 30, 2008
2007	$280B	$31.1B	9.0×	+3.1×	Jun 30, 2007
2006	$237B	$40.1B	5.9×	+0.4×	Jun 30, 2006
2005	$267B	$48.1B	5.5×	+1.4×	Jun 30, 2005
2004	$309B	$74.8B	4.1×	-0.4×	Jun 30, 2004
2003	$275B	$61B	4.5×	-1.0×	Jun 30, 2003
2002	$285B	$52.2B	5.5×	—	Jun 30, 2002

20266.3×
202510.8×
202412.6×
202312.3×
202211.5×
202114.4×
202013.0×
201910.1×
20189.2×
20176.1×
20165.6×
20154.4×
20143.8×
20133.6×
20123.9×
20113.8×
20104.3×
20095.3×
20087.0×
20079.0×
20065.9×
20055.5×
20044.1×
20034.5×
20025.5×

About P/B Ratio at Microsoft (MSFT)

Microsoft (MSFT) P/B ratio is 8.4× as of August 7, 2026. The 5-year average is 11.0×. The sector median currently stands at 5.9×. The current ratio is at the 10th percentile of its own 10-year history.

Microsoft (MSFT) historical P/B ratio has ranged from a low of 3.1× (2012) to a high of 17.1× (2021) in the available daily series.

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.

Microsoft P/B Ratio by Year

Microsoft P/B Ratio 2026: 6.3×

Microsoft (MSFT) P/B ratio in 2026 was 6.3×, contracted from 10.8× the prior year.

Microsoft P/B Ratio 2025: 10.8×

Microsoft (MSFT) P/B ratio in 2025 was 10.8×, contracted from 12.6× the prior year.

Microsoft P/B Ratio 2024: 12.6×

Microsoft (MSFT) P/B ratio in 2024 was 12.6×, expanded from 12.3× the prior year.

Microsoft P/B Ratio 2023: 12.3×

Microsoft (MSFT) P/B ratio in 2023 was 12.3×, expanded from 11.5× the prior year.

Microsoft P/B Ratio 2022: 11.5×

Microsoft (MSFT) P/B ratio in 2022 was 11.5×.

Sector peers by P/B Ratio — chart

Current ratio vs. sector peers. Highlighted bar is this company.

Sector peers by P/B Ratio — table

Technology peers of Microsoft (MSFT), ranked by P/B ratio.


Duolingo (DUOL)	3.3×
Unity Software (U)	3.2×
Fortive (FTV)	3.1×
Synopsys (SNPS)	3.0×
Science Applications International (SAIC)	2.9×
Zebra Technologies (ZBRA)	2.9×
Zoom Communications (ZM)	2.9×
IREN (IREN)	2.8×
Teledyne Technologies (TDY)	2.8×
Trimble (TRMB)	2.7×
Twilio (TWLO)	2.5×
Qorvo (QRVO)	2.4×
EPAM Systems (EPAM)	2.1×
IonQ (IONQ)	2.1×
Okta (OKTA)	1.9×
Roper Technologies (ROP)	1.9×
Super Micro Computer (SMCI)	1.8×
Lyft (LYFT)	1.7×
Block (XYZ)	1.7×
Skyworks Solutions (SWKS)	1.6×
Hewlett Packard Enterprise (HPE)	1.5×
Fidelity National Information Services (FIS)	1.5×
Cognizant (CTSH)	1.2×
Fiserv (FISV)	1.1×
Sunrun (RUN)	1.0×

Duolingo (DUOL)
3.3×
Unity Software (U)
3.2×
Fortive (FTV)
3.1×
Synopsys (SNPS)
3.0×
Science Applications International (SAIC)
2.9×
Zebra Technologies (ZBRA)
2.9×
Zoom Communications (ZM)
2.9×
IREN (IREN)
2.8×
Teledyne Technologies (TDY)
2.8×
Trimble (TRMB)
2.7×
Twilio (TWLO)
2.5×
Qorvo (QRVO)
2.4×
EPAM Systems (EPAM)
2.1×
IonQ (IONQ)
2.1×
Okta (OKTA)
1.9×
Roper Technologies (ROP)
1.9×
Super Micro Computer (SMCI)
1.8×
Lyft (LYFT)
1.7×
Block (XYZ)
1.7×
Skyworks Solutions (SWKS)
1.6×
Hewlett Packard Enterprise (HPE)
1.5×
Fidelity National Information Services (FIS)
1.5×
Cognizant (CTSH)
1.2×
Fiserv (FISV)
1.1×
Sunrun (RUN)
1.0×

Frequently asked questions

Current

8.4×

As of Aug 7, 2026

5-Year Average

11.0×

All-Time High

17.1×

Nov 19, 2021

All-Time Low

3.1×

Dec 31, 2012

P/B Ratio daily chart for Microsoft (MSFT)

Aug 9, 2021 – Aug 7, 2026 · 1,255 trading days

Historical P/B Ratio for Microsoft (MSFT) from 2002 to 2026


2026	$2.77T	$442B	6.3×	-4.5×	Jun 30, 2026
2025	$3.7T	$343B	10.8×	-1.9×	Jun 30, 2025
2024	$3.39T	$268B	12.6×	+0.4×	Jun 30, 2024
2023	$2.53T	$206B	12.3×	+0.8×	Jun 30, 2023
2022	$1.92T	$167B	11.5×	-2.8×	Jun 30, 2022
2021	$2.04T	$142B	14.4×	+1.3×	Jun 30, 2021
2020	$1.54T	$118B	13.0×	+2.9×	Jun 30, 2020
2019	$1.04T	$102B	10.1×	+1.0×	Jun 30, 2019
2018	$758B	$82.7B	9.2×	+3.1×	Jun 30, 2018
2017	$534B	$87.7B	6.1×	+0.5×	Jun 30, 2017
2016	$401B	$72B	5.6×	+1.1×	Jun 30, 2016
2015	$356B	$80.1B	4.4×	+0.6×	Jun 30, 2015
2014	$344B	$89.8B	3.8×	+0.2×	Jun 30, 2014
2013	$287B	$78.9B	3.6×	-0.2×	Jun 30, 2013
2012	$257B	$66.4B	3.9×	+0.0×	Jun 30, 2012
2011	$219B	$57.1B	3.8×	-0.5×	Jun 30, 2011
2010	$201B	$46.2B	4.3×	-1.0×	Jun 30, 2010
2009	$212B	$39.6B	5.3×	-1.7×	Jun 30, 2009
2008	$255B	$36.3B	7.0×	-2.0×	Jun 30, 2008
2007	$280B	$31.1B	9.0×	+3.1×	Jun 30, 2007
2006	$237B	$40.1B	5.9×	+0.4×	Jun 30, 2006
2005	$267B	$48.1B	5.5×	+1.4×	Jun 30, 2005
2004	$309B	$74.8B	4.1×	-0.4×	Jun 30, 2004
2003	$275B	$61B	4.5×	-1.0×	Jun 30, 2003
2002	$285B	$52.2B	5.5×	—	Jun 30, 2002

20266.3×
202510.8×
202412.6×
202312.3×
202211.5×
202114.4×
202013.0×
201910.1×
20189.2×
20176.1×
20165.6×
20154.4×
20143.8×
20133.6×
20123.9×
20113.8×
20104.3×
20095.3×
20087.0×
20079.0×
20065.9×
20055.5×
20044.1×
20034.5×
20025.5×

About P/B Ratio at Microsoft (MSFT)

Microsoft (MSFT) historical P/B ratio has ranged from a low of 3.1× (2012) to a high of 17.1× (2021) in the available daily series.

Microsoft P/B Ratio by Year

Microsoft P/B Ratio 2026: 6.3×

Microsoft (MSFT) P/B ratio in 2026 was 6.3×, contracted from 10.8× the prior year.

Microsoft P/B Ratio 2025: 10.8×

Microsoft (MSFT) P/B ratio in 2025 was 10.8×, contracted from 12.6× the prior year.

Microsoft P/B Ratio 2024: 12.6×

Microsoft (MSFT) P/B ratio in 2024 was 12.6×, expanded from 12.3× the prior year.

Microsoft P/B Ratio 2023: 12.3×

Microsoft (MSFT) P/B ratio in 2023 was 12.3×, expanded from 11.5× the prior year.

Microsoft P/B Ratio 2022: 11.5×

Microsoft (MSFT) P/B ratio in 2022 was 11.5×.

Sector peers by P/B Ratio — chart

Current ratio vs. sector peers. Highlighted bar is this company.

Sector peers by P/B Ratio — table

Technology peers of Microsoft (MSFT), ranked by P/B ratio.


Duolingo (DUOL)	3.3×
Unity Software (U)	3.2×
Fortive (FTV)	3.1×
Synopsys (SNPS)	3.0×
Science Applications International (SAIC)	2.9×
Zebra Technologies (ZBRA)	2.9×
Zoom Communications (ZM)	2.9×
IREN (IREN)	2.8×
Teledyne Technologies (TDY)	2.8×
Trimble (TRMB)	2.7×
Twilio (TWLO)	2.5×
Qorvo (QRVO)	2.4×
EPAM Systems (EPAM)	2.1×
IonQ (IONQ)	2.1×
Okta (OKTA)	1.9×
Roper Technologies (ROP)	1.9×
Super Micro Computer (SMCI)	1.8×
Lyft (LYFT)	1.7×
Block (XYZ)	1.7×
Skyworks Solutions (SWKS)	1.6×
Hewlett Packard Enterprise (HPE)	1.5×
Fidelity National Information Services (FIS)	1.5×
Cognizant (CTSH)	1.2×
Fiserv (FISV)	1.1×
Sunrun (RUN)	1.0×

Duolingo (DUOL)
3.3×
Unity Software (U)
3.2×
Fortive (FTV)
3.1×
Synopsys (SNPS)
3.0×
Science Applications International (SAIC)
2.9×
Zebra Technologies (ZBRA)
2.9×
Zoom Communications (ZM)
2.9×
IREN (IREN)
2.8×
Teledyne Technologies (TDY)
2.8×
Trimble (TRMB)
2.7×
Twilio (TWLO)
2.5×
Qorvo (QRVO)
2.4×
EPAM Systems (EPAM)
2.1×
IonQ (IONQ)
2.1×
Okta (OKTA)
1.9×
Roper Technologies (ROP)
1.9×
Super Micro Computer (SMCI)
1.8×
Lyft (LYFT)
1.7×
Block (XYZ)
1.7×
Skyworks Solutions (SWKS)
1.6×
Hewlett Packard Enterprise (HPE)
1.5×
Fidelity National Information Services (FIS)
1.5×
Cognizant (CTSH)
1.2×
Fiserv (FISV)
1.1×
Sunrun (RUN)
1.0×

P/B Ratio for Microsoft (MSFT) 2002-2026

P/B Ratio daily chart for Microsoft (MSFT)

Historical P/B Ratio for Microsoft (MSFT) from 2002 to 2026

About P/B Ratio at Microsoft (MSFT)

Microsoft P/B Ratio by Year

Microsoft P/B Ratio 2026: 6.3×

Microsoft P/B Ratio 2025: 10.8×

Microsoft P/B Ratio 2024: 12.6×

Microsoft P/B Ratio 2023: 12.3×

Microsoft P/B Ratio 2022: 11.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

P/B Ratio for Microsoft (MSFT) 2002-2026

P/B Ratio daily chart for Microsoft (MSFT)

Historical P/B Ratio for Microsoft (MSFT) from 2002 to 2026

About P/B Ratio at Microsoft (MSFT)

Microsoft P/B Ratio by Year

Microsoft P/B Ratio 2026: 6.3×

Microsoft P/B Ratio 2025: 10.8×

Microsoft P/B Ratio 2024: 12.6×

Microsoft P/B Ratio 2023: 12.3×

Microsoft P/B Ratio 2022: 11.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Microsoft (MSFT) Key Financials

P/B Ratio daily chart for Microsoft (MSFT)

Historical P/B Ratio for Microsoft (MSFT) from 2002 to 2026

About P/B Ratio at Microsoft (MSFT)

Microsoft P/B Ratio by Year

Microsoft P/B Ratio 2026: 6.3×

Microsoft P/B Ratio 2025: 10.8×

Microsoft P/B Ratio 2024: 12.6×

Microsoft P/B Ratio 2023: 12.3×

Microsoft P/B Ratio 2022: 11.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

What is Microsoft'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 Microsoft?

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

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

What was Microsoft's P/B ratio in 2026?

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

P/B Ratio daily chart for Microsoft (MSFT)

Historical P/B Ratio for Microsoft (MSFT) from 2002 to 2026

About P/B Ratio at Microsoft (MSFT)

Microsoft P/B Ratio by Year

Microsoft P/B Ratio 2026: 6.3×

Microsoft P/B Ratio 2025: 10.8×

Microsoft P/B Ratio 2024: 12.6×

Microsoft P/B Ratio 2023: 12.3×

Microsoft P/B Ratio 2022: 11.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

What is Microsoft'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 Microsoft?

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

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

What was Microsoft's P/B ratio in 2026?

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

Microsoft (MSFT) Key Financials