Question 1

What is Toll Brothers's P/B ratio?

Accepted Answer

Toll Brothers (TOL) P/B ratio is 1.6× 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 Toll Brothers?

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 Toll Brothers specifically, the relevant sector benchmark is the current sector median of 4.2×.

Question 5

Is Toll Brothers's P/B ratio high or low?

Accepted Answer

Toll Brothers's P/B ratio of 1.6× is above its own 5-year average of 1.4× and below the sector median of 4.2×. That places the current reading at the 56th 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 Toll Brothers's historical P/B ratio range?

Accepted Answer

In the available daily series, Toll Brothers (TOL) P/B ratio has ranged from a low of 0.7× in 2020 to a high of 3.4× in 2005. The 5-year average is 1.4× and the 5-year median is 1.4×.

Question 7

What was Toll Brothers's P/B ratio in 2025?

Accepted Answer

Toll Brothers (TOL) P/B ratio at the end of 2025 was 1.6×. 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 Toll Brothers'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	$13.06B	$8.27B	1.6×	-0.4×	Oct 31, 2025
2024	$14.90B	$7.67B	1.9×	+0.8×	Oct 31, 2024
2023	$7.60B	$6.80B	1.1×	+0.3×	Oct 31, 2023
2022	$4.86B	$6.01B	0.8×	-0.6×	Oct 31, 2022
2021	$7.47B	$5.30B	1.4×	+0.3×	Oct 31, 2021
2020	$5.38B	$4.88B	1.1×	-0.0×	Oct 31, 2020
2019	$5.64B	$5.07B	1.1×	+0.1×	Oct 31, 2019
2018	$4.98B	$4.76B	1.0×	-0.6×	Oct 31, 2018
2017	$7.34B	$4.53B	1.6×	+0.6×	Oct 31, 2017
2016	$4.50B	$4.23B	1.1×	-0.4×	Oct 31, 2016
2015	$6.34B	$4.22B	1.5×	+0.0×	Oct 31, 2015
2014	$5.67B	$3.85B	1.5×	-0.2×	Oct 31, 2014
2013	$5.57B	$3.33B	1.7×	-0.1×	Oct 31, 2013
2012	$5.56B	$3.12B	1.8×	+0.7×	Oct 31, 2012
2011	$2.90B	$2.59B	1.1×	-0.0×	Oct 31, 2011
2010	$2.98B	$2.56B	1.2×	+0.0×	Oct 31, 2010
2009	$2.83B	$2.51B	1.1×	-0.0×	Oct 31, 2009
2008	$3.69B	$3.24B	1.1×	+0.1×	Oct 31, 2008
2007	$3.59B	$3.53B	1.0×	-0.3×	Oct 31, 2007
2006	$4.46B	$3.42B	1.3×	-0.8×	Oct 31, 2006
2005	$5.72B	$2.76B	2.1×	+0.2×	Oct 31, 2005
2004	$3.56B	$1.92B	1.9×	+0.0×	Oct 31, 2004
2003	$2.72B	$1.48B	1.8×	+0.6×	Oct 31, 2003
2002	$1.44B	$1.13B	1.3×	—	Oct 31, 2002


Norwegian Cruise Line (NCLH)	3.5×
V.F. (VFC)	3.5×
Carnival Corporation (CCL)	3.3×
Genuine Parts (GPC)	3.3×
Lululemon Athletica (LULU)	3.1×
Ball (BALL)	2.8×
PDD Holdings (PDD)	2.3×
GameStop (GME)	2.0×
XPeng (XPEV)	2.0×
Alibaba (BABA)	1.9×
Li Auto (LI)	1.8×
PulteGroup (PHM)	1.7×
Amcor (AMCR)	1.7×
D.R. Horton (DHI)	1.7×
Lucid Group (LCID)	1.5×
Sonoco Products (SON)	1.5×
Leggett & Platt (LEG)	1.3×
International Paper (IP)	1.3×
Lennar (LEN)	1.3×
Weyco Group (WEYS)	1.2×
Ford Motor (F)	1.2×
LKQ (LKQ)	1.2×
Smurfit Westrock (SW)	1.1×
General Motors (GM)	1.1×
Mohawk Industries (MHK)	0.7×

P/B Ratio for Toll Brothers (TOL)

P/B Ratio daily chart for Toll Brothers (TOL)

Historical P/B Ratio for Toll Brothers (TOL) from 2002 to 2025

About P/B Ratio at Toll Brothers (TOL)

Toll Brothers P/B Ratio by Year

Toll Brothers P/B Ratio 2025: 1.6×

Toll Brothers P/B Ratio 2024: 1.9×

Toll Brothers P/B Ratio 2023: 1.1×

Toll Brothers P/B Ratio 2022: 0.8×

Toll Brothers P/B Ratio 2021: 1.4×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Toll Brothers (TOL) Key Financials

P/B Ratio daily chart for Toll Brothers (TOL)

Historical P/B Ratio for Toll Brothers (TOL) from 2002 to 2025

About P/B Ratio at Toll Brothers (TOL)

Toll Brothers P/B Ratio by Year

Toll Brothers P/B Ratio 2025: 1.6×

Toll Brothers P/B Ratio 2024: 1.9×

Toll Brothers P/B Ratio 2023: 1.1×

Toll Brothers P/B Ratio 2022: 0.8×

Toll Brothers P/B Ratio 2021: 1.4×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Toll Brothers'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 Toll Brothers?

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

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

+What was Toll Brothers's P/B ratio in 2025?

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

Toll Brothers (TOL) Key Financials