Question 1

What is Teradyne's P/B ratio?

Accepted Answer

Teradyne (TER) P/B ratio is 18.5× 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 Teradyne?

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

Question 5

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

Accepted Answer

Teradyne's P/B ratio of 18.5× is above its own 5-year average of 7.6× and above the sector median of 5.6×. That places the current reading at the 96th 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 Teradyne's historical P/B ratio range?

Accepted Answer

In the available daily series, Teradyne (TER) P/B ratio has ranged from a low of 1.0× in 2008 to a high of 24.3× in 2026. The 5-year average is 7.6× and the 5-year median is 7.0×.

Question 7

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

Accepted Answer

Teradyne (TER) P/B ratio at the end of 2025 was 10.8×. 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 Teradyne'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	$30.3B	$2.8B	10.8×	+3.6×	Dec 31, 2025
2024	$20.5B	$2.82B	7.3×	+0.7×	Dec 31, 2024
2023	$16.6B	$2.53B	6.6×	+1.0×	Dec 31, 2023
2022	$13.6B	$2.45B	5.6×	-4.8×	Dec 31, 2022
2021	$26.6B	$2.56B	10.4×	+1.4×	Dec 31, 2021
2020	$19.9B	$2.21B	9.0×	+1.3×	Dec 31, 2020
2019	$11.4B	$1.48B	7.7×	+4.0×	Dec 31, 2019
2018	$5.62B	$1.52B	3.7×	-0.5×	Dec 31, 2018
2017	$8.17B	$1.95B	4.2×	+1.4×	Dec 31, 2017
2016	$5.1B	$1.83B	2.8×	+0.6×	Dec 31, 2016
2015	$4.24B	$1.97B	2.2×	+0.1×	Dec 31, 2015
2014	$4.29B	$2.08B	2.1×	+0.4×	Dec 31, 2014
2013	$3.37B	$1.99B	1.7×	-0.1×	Dec 31, 2013
2012	$3.17B	$1.78B	1.8×	—	Dec 31, 2012
2011	—	—	—	—	Dec 31, 2011
2010	$2.59B	$1.12B	2.3×	-0.5×	Dec 31, 2010
2009	$1.9B	$665M	2.9×	+1.8×	Dec 31, 2009
2008	$714M	$706M	1.0×	-0.5×	Dec 31, 2008
2007	$1.8B	$1.23B	1.5×	-0.6×	Dec 31, 2007
2006	$2.83B	$1.36B	2.1×	-0.2×	Dec 31, 2006
2005	$2.89B	$1.24B	2.3×	-0.6×	Dec 31, 2005
2004	$3.34B	$1.13B	2.9×	-2.3×	Dec 31, 2004
2003	$4.93B	$950M	5.2×	+2.9×	Dec 31, 2003
2002	$2.38B	$1.03B	2.3×	—	Dec 31, 2002


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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×
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IonQ (IONQ)	2.1×
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Roper Technologies (ROP)	2.0×
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Sunrun (RUN)	1.0×
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IBM (IBM)	0.0×

P/B Ratio for Teradyne (TER) 2002-2026

P/B Ratio daily chart for Teradyne (TER)

Historical P/B Ratio for Teradyne (TER) from 2002 to 2025

About P/B Ratio at Teradyne (TER)

Teradyne P/B Ratio by Year

Teradyne P/B Ratio 2025: 10.8×

Teradyne P/B Ratio 2024: 7.3×

Teradyne P/B Ratio 2023: 6.6×

Teradyne P/B Ratio 2022: 5.6×

Teradyne P/B Ratio 2021: 10.4×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Teradyne (TER) Key Financials