Question 1

What is Procter & Gamble's P/B ratio?

Accepted Answer

Procter & Gamble (PG) P/B ratio is 6.5× 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 Procter & Gamble?

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 Procter & Gamble specifically, the relevant sector benchmark is the current sector median of 3.4×.

Question 5

Is Procter & Gamble's P/B ratio high or low?

Accepted Answer

Procter & Gamble's P/B ratio of 6.5× is below its own 5-year average of 7.5× and above the sector median of 3.4×. That places the current reading at the 3th 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 Procter & Gamble's historical P/B ratio range?

Accepted Answer

In the available daily series, Procter & Gamble (PG) P/B ratio has ranged from a low of 2.3× in 2009 to a high of 10.1× in 2005. The 5-year average is 7.5× and the 5-year median is 7.6×.

Question 7

What was Procter & Gamble's P/B ratio in 2025?

Accepted Answer

Procter & Gamble (PG) P/B ratio at the end of 2025 was 7.5×. 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 Procter & Gamble'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	$391.04B	$52.01B	7.5×	-0.5×	Jun 30, 2025
2024	$402.28B	$50.29B	8.0×	-0.0×	Jun 30, 2024
2023	$375.94B	$46.78B	8.0×	+0.2×	Jun 30, 2023
2022	$362.83B	$46.59B	7.8×	+0.5×	Jun 30, 2022
2021	$338.02B	$46.38B	7.3×	+0.7×	Jun 30, 2021
2020	$304.36B	$46.52B	6.5×	+0.7×	Jun 30, 2020
2019	$276.47B	$47.19B	5.9×	+2.0×	Jun 30, 2019
2018	$202.21B	$52.29B	3.9×	-0.3×	Jun 30, 2018
2017	$229.81B	$55.18B	4.2×	+0.1×	Jun 30, 2017
2016	$232.66B	$57.34B	4.1×	+0.2×	Jun 30, 2016
2015	$239.78B	$62.42B	3.8×	+0.7×	Jun 30, 2015
2014	$220.31B	$69.21B	3.2×	-0.1×	Jun 30, 2014
2013	$221.65B	$68.06B	3.3×	+0.5×	Jun 30, 2013
2012	$172.40B	$63.44B	2.7×	+0.1×	Jun 30, 2012
2011	$175.19B	$67.64B	2.6×	-0.2×	Jun 30, 2011
2010	$171.96B	$61.12B	2.8×	+0.5×	Jun 30, 2010
2009	$149.09B	$63.10B	2.4×	-0.3×	Jun 30, 2009
2008	$183.18B	$69.49B	2.6×	-0.2×	Jun 30, 2008
2007	$190.77B	$66.76B	2.9×	+0.0×	Jun 30, 2007
2006	$178.44B	$62.91B	2.8×	-4.1×	Jun 30, 2006
2005	$128.34B	$18.48B	6.9×	-1.1×	Jun 30, 2005
2004	$138.32B	$17.28B	8.0×	+0.8×	Jun 30, 2004
2003	$115.87B	$16.19B	7.2×	-1.4×	Jun 30, 2003
2002	$117.22B	$13.71B	8.6×	—	Jun 30, 2002


Coca-Cola Europacific Partners (CCEP)	4.4×
Marzetti (MZTI)	3.6×
Lamb Weston (LW)	3.6×
Target (TGT)	3.6×
Constellation Brands (STZ)	3.4×
Tootsie Roll Industries (TR)	3.4×
Kenvue (KVUE)	3.1×
Brown-Forman (BF-B)	2.9×
Mondelez International (MDLZ)	2.9×
Dollar General (DG)	2.9×
Performance Food Group (PFGC)	2.7×
McCormick & Company (MKC)	2.7×
General Mills (GIS)	2.6×
J. M. Smucker (SJM)	2.1×
Campbell Soup (CPB)	2.0×
Andersons (ANDE)	1.9×
Archer-Daniels-Midland (ADM)	1.5×
Bunge Global S.A. (BG)	1.5×
Hormel Foods (HRL)	1.5×
Keurig Dr Pepper (KDP)	1.4×
Tyson Foods (TSN)	1.2×
Conagra Brands (CAG)	1.1×
Universal Corporation (UVV)	0.9×
Molson Coors Beverage (TAP)	0.8×
Kraft Heinz (KHC)	0.6×

P/B Ratio for Procter & Gamble (PG)

P/B Ratio daily chart for Procter & Gamble (PG)

Historical P/B Ratio for Procter & Gamble (PG) from 2002 to 2025

About P/B Ratio at Procter & Gamble (PG)

Procter & Gamble P/B Ratio by Year

Procter & Gamble P/B Ratio 2025: 7.5×

Procter & Gamble P/B Ratio 2024: 8.0×

Procter & Gamble P/B Ratio 2023: 8.0×

Procter & Gamble P/B Ratio 2022: 7.8×

Procter & Gamble P/B Ratio 2021: 7.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Procter & Gamble (PG) Key Financials

P/B Ratio daily chart for Procter & Gamble (PG)

Historical P/B Ratio for Procter & Gamble (PG) from 2002 to 2025

About P/B Ratio at Procter & Gamble (PG)

Procter & Gamble P/B Ratio by Year

Procter & Gamble P/B Ratio 2025: 7.5×

Procter & Gamble P/B Ratio 2024: 8.0×

Procter & Gamble P/B Ratio 2023: 8.0×

Procter & Gamble P/B Ratio 2022: 7.8×

Procter & Gamble P/B Ratio 2021: 7.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Procter & Gamble'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 Procter & Gamble?

+Is Procter & Gamble's P/B ratio high or low?

+What is Procter & Gamble's historical P/B ratio range?

+What was Procter & Gamble's P/B ratio in 2025?

+Why does Procter & Gamble's P/B ratio change over time?

Procter & Gamble (PG) Key Financials