Question 1

What is Oracle's P/B ratio?

Accepted Answer

Oracle (ORCL) P/B ratio is 8.6× 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 Oracle?

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

Question 5

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

Accepted Answer

Oracle's P/B ratio of 8.6× is below its own 5-year average of 59.8× and above the sector median of 5.6×. That places the current reading at the 0th 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 Oracle's historical P/B ratio range?

Accepted Answer

In the available daily series, Oracle (ORCL) P/B ratio has ranged from a low of 2.9× in 2012 to a high of 330.2× in 2023. The 5-year average is 59.8× and the 5-year median is 36.1×.

Question 7

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

Accepted Answer

Oracle (ORCL) P/B ratio at the end of 2026 was 16.8×. 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 Oracle'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.


2026	$714B	$42.5B	16.8×	-5.9×	May 31, 2026
2025	$464B	$20.5B	22.7×	-14.4×	May 31, 2025
2024	$323B	$8.7B	37.1×	-230.2×	May 31, 2024
2023	$287B	$1.07B	267.3×	—	May 31, 2023
2022	$192B	-$6.22B	—	—	May 31, 2022
2021	$227B	$5.24B	43.2×	+29.4×	May 31, 2021
2020	$167B	$12.1B	13.8×	+5.9×	May 31, 2020
2019	$171B	$21.8B	7.9×	+3.8×	May 31, 2019
2018	$189B	$46.2B	4.1×	+0.6×	May 31, 2018
2017	$188B	$53.9B	3.5×	-0.1×	May 31, 2017
2016	$170B	$47.3B	3.6×	-0.4×	May 31, 2016
2015	$194B	$48.7B	4.0×	-0.1×	May 31, 2015
2014	$191B	$46.9B	4.1×	+0.5×	May 31, 2014
2013	$160B	$44.6B	3.6×	+0.6×	May 31, 2013
2012	$129B	$43.7B	2.9×	-1.4×	May 31, 2012
2011	$173B	$39.8B	4.4×	+0.7×	May 31, 2011
2010	$111B	$30.8B	3.6×	-0.3×	May 31, 2010
2009	$99.5B	$25.1B	4.0×	-1.1×	May 31, 2009
2008	$118B	$23B	5.1×	-0.7×	May 31, 2008
2007	$99B	$16.9B	5.9×	+0.9×	May 31, 2007
2006	$74.2B	$15B	4.9×	-1.1×	May 31, 2006
2005	$65.6B	$10.8B	6.0×	-1.2×	May 31, 2005
2004	$57.7B	$8B	7.2×	-3.6×	May 31, 2004
2003	$68.2B	$6.32B	10.8×	+3.7×	May 31, 2003
2002	$43.3B	$6.12B	7.1×	—	May 31, 2002


Zebra Technologies (ZBRA)	2.9×
Zoom Communications (ZM)	2.9×
Fortive (FTV)	2.9×
IREN (IREN)	2.8×
Trimble (TRMB)	2.7×
Twilio (TWLO)	2.5×
Amkor Technology (AMKR)	2.5×
First Solar (FSLR)	2.1×
EPAM Systems (EPAM)	2.1×
Qorvo (QRVO)	2.1×
IonQ (IONQ)	2.1×
Intel (INTC)	2.0×
Roper Technologies (ROP)	2.0×
Cognizant (CTSH)	1.9×
Okta (OKTA)	1.9×
Super Micro Computer (SMCI)	1.8×
Lyft (LYFT)	1.7×
Block (XYZ)	1.7×
Hewlett Packard Enterprise (HPE)	1.5×
Fidelity National Information Services (FIS)	1.5×
Skyworks Solutions (SWKS)	1.4×
Fiserv (FISV)	1.1×
Sunrun (RUN)	1.0×
Strategy (MSTR)	0.9×
IBM (IBM)	0.0×

P/B Ratio for Oracle (ORCL) 2002-2026

P/B Ratio daily chart for Oracle (ORCL)

Historical P/B Ratio for Oracle (ORCL) from 2002 to 2026

About P/B Ratio at Oracle (ORCL)

Oracle P/B Ratio by Year

Oracle P/B Ratio 2026: 16.8×

Oracle P/B Ratio 2025: 22.7×

Oracle P/B Ratio 2024: 37.1×

Oracle P/B Ratio 2023: 267.3×

Oracle P/B Ratio 2021: 43.2×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Oracle (ORCL) Key Financials