Question 1

What is Nebius Group's P/B ratio?

Accepted Answer

Nebius Group (NBIS) P/B ratio is 9.3× 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 Nebius Group?

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 Nebius Group specifically, the relevant sector benchmark is the current sector median of 5.6×.

Question 5

Is Nebius Group's P/B ratio high or low?

Accepted Answer

Nebius Group's P/B ratio of 9.3× is above its own 5-year average of 2.4× and above the sector median of 5.6×. That places the current reading at the 92th 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 Nebius Group's historical P/B ratio range?

Accepted Answer

In the available daily series, Nebius Group (NBIS) P/B ratio has ranged from a low of 1.4× in 2024 to a high of 21.1× in 2010. The 5-year average is 2.4× and the 5-year median is 2.1×.

Question 7

What was Nebius Group's P/B ratio in 2025?

Accepted Answer

Nebius Group (NBIS) P/B ratio at the end of 2025 was 4.4×. 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 8

Why does Nebius Group'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	$20.2B	$4.61B	4.4×	+2.4×	Dec 31, 2025
2024	$6.54B	$3.25B	2.0×	-0.2×	Dec 31, 2024
2023	$7.42B	$3.29B	2.3×	+0.5×	Dec 31, 2023
2022	$7.42B	$4.25B	1.7×	-0.3×	Dec 31, 2022
2021	$7.26B	$3.46B	2.1×	+0.5×	Dec 31, 2021
2020	$7.06B	$4.37B	1.6×	-0.5×	Dec 31, 2020
2019	$6.58B	$3.14B	2.1×	-0.4×	Dec 31, 2019
2018	$6.5B	$2.57B	2.5×	-2.0×	Dec 31, 2018
2017	$6.52B	$1.44B	4.5×	-0.6×	Dec 31, 2017
2016	$6.44B	$1.26B	5.1×	-1.7×	Dec 31, 2016
2015	$6.46B	$954M	6.8×	+0.3×	Dec 31, 2015
2014	$6.46B	$1B	6.4×	+1.8×	Dec 31, 2014
2013	$6.64B	$1.42B	4.7×	-0.8×	Dec 31, 2013
2012	$6.64B	$1.22B	5.4×	-1.9×	Dec 31, 2012
2011	$6.64B	$905M	7.3×	-13.8×	Dec 31, 2011
2010	$6.64B	$314M	21.1×	—	Dec 31, 2010


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P/B Ratio for Nebius Group (NBIS) 2010-2026

P/B Ratio daily chart for Nebius Group (NBIS)

Historical P/B Ratio for Nebius Group (NBIS) from 2010 to 2025

About P/B Ratio at Nebius Group (NBIS)

Nebius Group P/B Ratio by Year

Nebius Group P/B Ratio 2025: 4.4×

Nebius Group P/B Ratio 2024: 2.0×

Nebius Group P/B Ratio 2023: 2.3×

Nebius Group P/B Ratio 2022: 1.7×

Nebius Group P/B Ratio 2021: 2.1×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Nebius Group (NBIS) Key Financials