Question 1

What is Atlassian's P/B ratio?

Accepted Answer

Atlassian (TEAM) P/B ratio is 25.4× 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 Atlassian?

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

Question 5

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

Accepted Answer

Atlassian's P/B ratio of 25.4× is below its own 5-year average of 113.7× and above the sector median of 5.6×. That places the current reading at the 7th 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 Atlassian's historical P/B ratio range?

Accepted Answer

In the available daily series, Atlassian (TEAM) P/B ratio has ranged from a low of 6.7× in 2016 to a high of 708.3× in 2022. The 5-year average is 113.7× and the 5-year median is 57.0×.

Question 7

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

Accepted Answer

Atlassian (TEAM) P/B ratio at the end of 2025 was 39.7×. 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 Atlassian'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	$53.4B	$1.35B	39.7×	-5.3×	Jun 30, 2025
2024	$46.4B	$1.03B	44.9×	-20.4×	Jun 30, 2024
2023	$42.8B	$655M	65.3×	-80.4×	Jun 30, 2023
2022	$47.7B	$327M	145.7×	-73.2×	Jun 30, 2022
2021	$64.5B	$295M	218.8×	+141.5×	Jun 30, 2021
2020	$44.5B	$575M	77.4×	+21.2×	Jun 30, 2020
2019	$31.8B	$565M	56.2×	+40.0×	Jun 30, 2019
2018	$14.6B	$907M	16.1×	+7.3×	Jun 30, 2018
2017	$7.94B	$894M	8.9×	+1.3×	Jun 30, 2017
2016	$5.55B	$732M	7.6×	-15.5×	Jun 30, 2016
2015	$4.38B	$190M	23.1×	—	Jun 30, 2015


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P/B Ratio for Atlassian (TEAM) 2015-2026

P/B Ratio daily chart for Atlassian (TEAM)

Historical P/B Ratio for Atlassian (TEAM) from 2015 to 2025

About P/B Ratio at Atlassian (TEAM)

Atlassian P/B Ratio by Year

Atlassian P/B Ratio 2025: 39.7×

Atlassian P/B Ratio 2024: 44.9×

Atlassian P/B Ratio 2023: 65.3×

Atlassian P/B Ratio 2022: 145.7×

Atlassian P/B Ratio 2021: 218.8×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Atlassian (TEAM) Key Financials