Question 1

What is Snowflake's P/B ratio?

Accepted Answer

Snowflake (SNOW) P/B ratio is 42.4× 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 Snowflake?

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

Question 5

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

Accepted Answer

Snowflake's P/B ratio of 42.4× is above its own 5-year average of 17.2× and above the sector median of 6.0×. That places the current reading at the 99th 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 Snowflake's historical P/B ratio range?

Accepted Answer

In the available daily series, Snowflake (SNOW) P/B ratio has ranged from a low of 6.5× in 2022 to a high of 92.7× in 2020. The 5-year average is 17.2× and the 5-year median is 12.8×.

Question 7

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

Accepted Answer

Snowflake (SNOW) P/B ratio at the end of 2026 was 34.3×. 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 Snowflake'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	$65.96B	$1.92B	34.3×	+14.2×	Jan 31, 2026
2025	$60.16B	$3.00B	20.1×	+7.5×	Jan 31, 2025
2024	$64.77B	$5.18B	12.5×	+3.3×	Jan 31, 2024
2023	$50.36B	$5.46B	9.2×	-7.6×	Jan 31, 2023
2022	$85.17B	$5.05B	16.9×	+0.6×	Jan 31, 2022
2021	$80.12B	$4.94B	16.2×	—	Jan 31, 2021
2020	$60.53B	−$544.76M	—	—	Jan 31, 2020


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P/B Ratio for Snowflake (SNOW)

P/B Ratio daily chart for Snowflake (SNOW)

Historical P/B Ratio for Snowflake (SNOW) from 2020 to 2026

About P/B Ratio at Snowflake (SNOW)

Snowflake P/B Ratio by Year

Snowflake P/B Ratio 2026: 34.3×

Snowflake P/B Ratio 2025: 20.1×

Snowflake P/B Ratio 2024: 12.5×

Snowflake P/B Ratio 2023: 9.2×

Snowflake P/B Ratio 2022: 16.9×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Snowflake (SNOW) Key Financials

P/B Ratio daily chart for Snowflake (SNOW)

Historical P/B Ratio for Snowflake (SNOW) from 2020 to 2026

About P/B Ratio at Snowflake (SNOW)

Snowflake P/B Ratio by Year

Snowflake P/B Ratio 2026: 34.3×

Snowflake P/B Ratio 2025: 20.1×

Snowflake P/B Ratio 2024: 12.5×

Snowflake P/B Ratio 2023: 9.2×

Snowflake P/B Ratio 2022: 16.9×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Snowflake'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 Snowflake?

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

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

+What was Snowflake's P/B ratio in 2026?

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

Snowflake (SNOW) Key Financials