Question 1

What is Ondas Holdings's P/B ratio?

Accepted Answer

Ondas Holdings (ONDS) P/B ratio is 3.9× as of June 12, 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 Ondas Holdings?

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 Ondas Holdings specifically, the relevant sector benchmark is the current sector median of 6.0×.

Question 5

Is Ondas Holdings's P/B ratio high or low?

Accepted Answer

Ondas Holdings's P/B ratio of 3.9× is above its own 5-year average of 3.3× and below the sector median of 6.0×. That places the current reading at the 66th 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 Ondas Holdings's historical P/B ratio range?

Accepted Answer

In the available daily series, Ondas Holdings (ONDS) P/B ratio has ranged from a low of 0.3× in 2023 to a high of 18.7× in 2025. The 5-year average is 3.3× and the 5-year median is 2.9×.

Question 7

What was Ondas Holdings's P/B ratio in 2025?

Accepted Answer

Ondas Holdings (ONDS) P/B ratio at the end of 2025 was 8.5×. 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 Ondas Holdings'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	$3.72B	$437.36M	8.5×	-3.9×	Dec 31, 2025
2024	$205.26M	$16.58M	12.4×	+9.7×	Dec 31, 2024
2023	$87.18M	$33.14M	2.6×	+1.4×	Dec 31, 2023
2022	$70.13M	$58.22M	1.2×	-0.5×	Dec 31, 2022
2021	$193.86M	$112.23M	1.7×	-10.5×	Dec 31, 2021
2020	$184.33M	$15.08M	12.2×	—	Dec 31, 2020
2019	$237.63M	−$12.43M	—	—	Dec 31, 2019
2018	$302.78M	−$14.88M	—	—	Dec 31, 2018
2017	$259.20M	−$77.51K	—	—	Dec 31, 2017
2016	$259.20M	−$54.84K	—	—	Dec 31, 2016
2015	$259.20M	−$20.26K	—	—	Dec 31, 2015


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P/B Ratio for Ondas Holdings (ONDS)

P/B Ratio daily chart for Ondas Holdings (ONDS)

Historical P/B Ratio for Ondas Holdings (ONDS) from 2015 to 2025

About P/B Ratio at Ondas Holdings (ONDS)

Ondas Holdings P/B Ratio by Year

Ondas Holdings P/B Ratio 2025: 8.5×

Ondas Holdings P/B Ratio 2024: 12.4×

Ondas Holdings P/B Ratio 2023: 2.6×

Ondas Holdings P/B Ratio 2022: 1.2×

Ondas Holdings P/B Ratio 2021: 1.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Ondas Holdings (ONDS) Key Financials

P/B Ratio daily chart for Ondas Holdings (ONDS)

Historical P/B Ratio for Ondas Holdings (ONDS) from 2015 to 2025

About P/B Ratio at Ondas Holdings (ONDS)

Ondas Holdings P/B Ratio by Year

Ondas Holdings P/B Ratio 2025: 8.5×

Ondas Holdings P/B Ratio 2024: 12.4×

Ondas Holdings P/B Ratio 2023: 2.6×

Ondas Holdings P/B Ratio 2022: 1.2×

Ondas Holdings P/B Ratio 2021: 1.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Ondas Holdings'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 Ondas Holdings?

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

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

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

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

Ondas Holdings (ONDS) Key Financials