Question 1

What is Palantir's P/B ratio?

Accepted Answer

Palantir (PLTR) P/B ratio is 37.9× 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 Palantir?

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

Question 5

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

Accepted Answer

Palantir's P/B ratio of 37.9× is above its own 5-year average of 23.4× and above the sector median of 5.6×. That places the current reading at the 69th 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 Palantir's historical P/B ratio range?

Accepted Answer

In the available daily series, Palantir (PLTR) P/B ratio has ranged from a low of 5.2× in 2022 to a high of 89.6× in 2025. The 5-year average is 23.4× and the 5-year median is 15.1×.

Question 7

What was Palantir's P/B ratio in 2025?

Accepted Answer

Palantir (PLTR) P/B ratio at the end of 2025 was 57.4×. 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 Palantir'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	$424B	$7.39B	57.4×	+22.6×	Dec 31, 2025
2024	$174B	$5B	34.8×	+24.0×	Dec 31, 2024
2023	$37.6B	$3.48B	10.8×	+5.6×	Dec 31, 2023
2022	$13.4B	$2.57B	5.2×	-10.8×	Dec 31, 2022
2021	$36.6B	$2.29B	16.0×	-11.3×	Dec 31, 2021
2020	$41.5B	$1.52B	27.3×	—	Dec 31, 2020
2019	$8.6B	—	—	—	Dec 31, 2019


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P/B Ratio for Palantir (PLTR) 2020-2026

P/B Ratio daily chart for Palantir (PLTR)

Historical P/B Ratio for Palantir (PLTR) from 2019 to 2025

About P/B Ratio at Palantir (PLTR)

Palantir P/B Ratio by Year

Palantir P/B Ratio 2025: 57.4×

Palantir P/B Ratio 2024: 34.8×

Palantir P/B Ratio 2023: 10.8×

Palantir P/B Ratio 2022: 5.2×

Palantir P/B Ratio 2021: 16.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Palantir (PLTR) Key Financials