Question 1

What is T-Mobile US's P/B ratio?

Accepted Answer

T-Mobile US (TMUS) P/B ratio is 3.5× 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 T-Mobile US?

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 T-Mobile US specifically, the relevant sector benchmark is the current sector median of 3.7×.

Question 5

Is T-Mobile US's P/B ratio high or low?

Accepted Answer

T-Mobile US's P/B ratio of 3.5× is above its own 5-year average of 3.2× and below the sector median of 3.7×. That places the current reading at the 64th 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 T-Mobile US's historical P/B ratio range?

Accepted Answer

In the available daily series, T-Mobile US (TMUS) P/B ratio has ranged from a low of 0.6× in 2012 to a high of 10.6× in 2005. The 5-year average is 3.2× and the 5-year median is 2.8×.

Question 7

What was T-Mobile US's P/B ratio in 2025?

Accepted Answer

T-Mobile US (TMUS) P/B ratio at the end of 2025 was 3.8×. 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 T-Mobile US'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	$226.43B	$59.20B	3.8×	-0.4×	Dec 31, 2025
2024	$258.08B	$61.74B	4.2×	+1.3×	Dec 31, 2024
2023	$185.55B	$64.72B	2.9×	+0.4×	Dec 31, 2023
2022	$173.72B	$69.66B	2.5×	+0.4×	Dec 31, 2022
2021	$144.89B	$69.10B	2.1×	-0.5×	Dec 31, 2021
2020	$167.43B	$65.34B	2.6×	+0.2×	Dec 31, 2020
2019	$67.15B	$28.79B	2.3×	+0.1×	Dec 31, 2019
2018	$54.01B	$24.72B	2.2×	-0.2×	Dec 31, 2018
2017	$53.18B	$22.56B	2.4×	-0.2×	Dec 31, 2017
2016	$47.44B	$18.24B	2.6×	+0.7×	Dec 31, 2016
2015	$31.94B	$16.56B	1.9×	+0.5×	Dec 31, 2015
2014	$21.75B	$15.66B	1.4×	-0.4×	Dec 31, 2014
2013	$25.63B	$14.24B	1.8×	+1.2×	Dec 31, 2013
2012	$3.62B	$6.12B	0.6×	-0.5×	Dec 31, 2012
2011	$3.15B	$2.93B	1.1×	-0.7×	Dec 31, 2011
2010	$4.51B	$2.54B	1.8×	+0.6×	Dec 31, 2010
2009	$2.69B	$2.29B	1.2×	-1.4×	Dec 31, 2009
2008	$5.21B	$2.03B	2.6×	-1.1×	Dec 31, 2008
2007	$6.77B	$1.85B	3.7×	-6.7×	Dec 31, 2007
2006	$4.30B	$413.25M	10.4×	-0.2×	Dec 31, 2006
2005	$3.89B	$367.91M	10.6×	—	Dec 31, 2005


Spotify (SPOT)	10.8×
Take-Two Interactive Software (TTWO)	10.4×
Reddit (RDDT)	8.1×
Electronic Arts (EA)	7.5×
Alphabet (GOOGL)	7.3×
DoorDash (DASH)	6.4×
Meta (META)	5.9×
Roku (ROKU)	5.2×
TKO Group Holdings (TKO)	4.6×
Trade Desk (TTD)	4.4×
Pinterest (PINS)	4.1×
Snap (SNAP)	3.7×
Nebius Group (NBIS)	3.7×
Fox (FOXA)	2.3×
John Wiley & Sons (WLY)	2.2×
Warner Bros. Discovery (WBD)	2.1×
Verizon (VZ)	2.0×
AT&T (T)	1.8×
Charter Communications (CHTR)	1.7×
Omnicom Group (OMC)	1.6×
News (NWSA)	1.6×
Walt Disney (DIS)	1.5×
Comcast (CMCSA)	1.2×
Telephone and Data Systems (TDS)	1.0×
Paramount Skydance (PSKY)	0.6×

P/B Ratio for T-Mobile US (TMUS)

P/B Ratio daily chart for T-Mobile US (TMUS)

Historical P/B Ratio for T-Mobile US (TMUS) from 2005 to 2025

About P/B Ratio at T-Mobile US (TMUS)

T-Mobile US P/B Ratio by Year

T-Mobile US P/B Ratio 2025: 3.8×

T-Mobile US P/B Ratio 2024: 4.2×

T-Mobile US P/B Ratio 2023: 2.9×

T-Mobile US P/B Ratio 2022: 2.5×

T-Mobile US P/B Ratio 2021: 2.1×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

T-Mobile US (TMUS) Key Financials

P/B Ratio daily chart for T-Mobile US (TMUS)

Historical P/B Ratio for T-Mobile US (TMUS) from 2005 to 2025

About P/B Ratio at T-Mobile US (TMUS)

T-Mobile US P/B Ratio by Year

T-Mobile US P/B Ratio 2025: 3.8×

T-Mobile US P/B Ratio 2024: 4.2×

T-Mobile US P/B Ratio 2023: 2.9×

T-Mobile US P/B Ratio 2022: 2.5×

T-Mobile US P/B Ratio 2021: 2.1×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is T-Mobile US'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 T-Mobile US?

+Is T-Mobile US's P/B ratio high or low?

+What is T-Mobile US's historical P/B ratio range?

+What was T-Mobile US's P/B ratio in 2025?

+Why does T-Mobile US's P/B ratio change over time?

T-Mobile US (TMUS) Key Financials