Question 1

What is Opendoor Technologies's P/B ratio?

Accepted Answer

Opendoor Technologies (OPEN) P/B ratio is 4.4× 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 Opendoor Technologies?

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 Opendoor Technologies specifically, the relevant sector benchmark is the current sector median of 2.1×.

Question 5

Is Opendoor Technologies's P/B ratio high or low?

Accepted Answer

Opendoor Technologies's P/B ratio of 4.4× is above its own 5-year average of 2.6× and above the sector median of 2.1×. That places the current reading at the 85th 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 Opendoor Technologies's historical P/B ratio range?

Accepted Answer

In the available daily series, Opendoor Technologies (OPEN) P/B ratio has ranged from a low of 0.4× in 2022 to a high of 269460.0× in 2020. The 5-year average is 2.6× and the 5-year median is 2.0×.

Question 7

What was Opendoor Technologies's P/B ratio in 2025?

Accepted Answer

Opendoor Technologies (OPEN) 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 Opendoor Technologies'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	$4.47B	$1.00B	4.4×	+2.8×	Dec 31, 2025
2024	$1.15B	$713.00M	1.6×	-1.5×	Dec 31, 2024
2023	$3.01B	$967.00M	3.1×	+2.4×	Dec 31, 2023
2022	$736.13M	$1.09B	0.7×	-3.3×	Dec 31, 2022
2021	$8.95B	$2.25B	4.0×	+1.4×	Dec 31, 2021
2020	$4.07B	$1.55B	2.6×	—	Dec 31, 2020
2019	$898.17M	−$733.10M	—	—	Dec 31, 2019


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Federal Realty Investment Trust (FRT)	2.8×
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Medical Properties Trust (MPT)	0.6×
Alexandria Real Estate Equities (ARE)	0.6×
Arbor Realty Trust (ABR)	0.5×

P/B Ratio for Opendoor Technologies (OPEN)

P/B Ratio daily chart for Opendoor Technologies (OPEN)

Historical P/B Ratio for Opendoor Technologies (OPEN) from 2019 to 2025

About P/B Ratio at Opendoor Technologies (OPEN)

Opendoor Technologies P/B Ratio by Year

Opendoor Technologies P/B Ratio 2025: 4.4×

Opendoor Technologies P/B Ratio 2024: 1.6×

Opendoor Technologies P/B Ratio 2023: 3.1×

Opendoor Technologies P/B Ratio 2022: 0.7×

Opendoor Technologies P/B Ratio 2021: 4.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Opendoor Technologies (OPEN) Key Financials

P/B Ratio daily chart for Opendoor Technologies (OPEN)

Historical P/B Ratio for Opendoor Technologies (OPEN) from 2019 to 2025

About P/B Ratio at Opendoor Technologies (OPEN)

Opendoor Technologies P/B Ratio by Year

Opendoor Technologies P/B Ratio 2025: 4.4×

Opendoor Technologies P/B Ratio 2024: 1.6×

Opendoor Technologies P/B Ratio 2023: 3.1×

Opendoor Technologies P/B Ratio 2022: 0.7×

Opendoor Technologies P/B Ratio 2021: 4.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Opendoor Technologies'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 Opendoor Technologies?

+Is Opendoor Technologies's P/B ratio high or low?

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

+What was Opendoor Technologies's P/B ratio in 2025?

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

Opendoor Technologies (OPEN) Key Financials