Question 1

What is Trimble's P/B ratio?

Accepted Answer

Trimble (TRMB) P/B ratio is 2.3× 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 Trimble?

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

Question 5

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

Accepted Answer

Trimble's P/B ratio of 2.3× is below its own 5-year average of 3.5× and below the sector median of 6.0×. That places the current reading at the 0th 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 Trimble's historical P/B ratio range?

Accepted Answer

In the available daily series, Trimble (TRMB) P/B ratio has ranged from a low of 1.7× in 2002 to a high of 6.3× in 2021. The 5-year average is 3.5× and the 5-year median is 3.1×.

Question 7

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

Accepted Answer

Trimble (TRMB) P/B ratio at the end of 2026 was 3.2×. 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 Trimble'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	$18.60B	$5.84B	3.2×	—	Jan 2, 2026
2024	$17.54B	$5.75B	3.1×	+0.1×	Dec 31, 2024
2023	$13.18B	$4.50B	2.9×	-0.2×	Dec 31, 2023
2022	$12.48B	$4.05B	3.1×	-2.5×	Dec 31, 2022
2021	$21.90B	$3.94B	5.6×	+0.9×	Dec 31, 2021
2020	$16.75B	$3.60B	4.7×	+1.3×	Dec 31, 2020
2019	$10.40B	$3.12B	3.3×	+0.2×	Dec 31, 2019
2018	$8.27B	$2.67B	3.1×	-1.2×	Dec 31, 2018
2017	$10.14B	$2.37B	4.3×	+1.0×	Dec 31, 2017
2016	$7.56B	$2.31B	3.3×	+0.9×	Dec 31, 2016
2015	$5.37B	$2.22B	2.4×	-0.5×	Dec 31, 2015
2014	$6.88B	$2.36B	2.9×	-1.1×	Dec 31, 2014
2013	$8.96B	$2.22B	4.0×	+0.0×	Dec 31, 2013
2012	$7.57B	$1.90B	4.0×	+0.6×	Dec 31, 2012
2011	$5.40B	$1.57B	3.4×	-0.1×	Dec 31, 2011
2010	$4.86B	$1.37B	3.6×	+1.1×	Dec 31, 2010
2009	$3.04B	$1.26B	2.4×	+0.2×	Dec 31, 2009
2008	$2.58B	$1.14B	2.3×	-1.1×	Dec 31, 2008
2007	$3.67B	$1.11B	3.3×	-0.6×	Dec 31, 2007
2006	$2.93B	$747.66M	3.9×	+0.5×	Dec 31, 2006
2005	$1.93B	$571.25M	3.4×	-0.3×	Dec 31, 2005
2004	$1.73B	$472.16M	3.7×	+0.1×	Dec 31, 2004
2003	$1.25B	$348.24M	3.6×	+1.8×	Dec 31, 2003
2002	$366.52M	$201.35M	1.8×	-1.5×	Dec 31, 2002
2001	$452.99M	$138.49M	3.3×	—	Dec 31, 2001


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P/B Ratio for Trimble (TRMB)

P/B Ratio daily chart for Trimble (TRMB)

Historical P/B Ratio for Trimble (TRMB) from 2001 to 2026

About P/B Ratio at Trimble (TRMB)

Trimble P/B Ratio by Year

Trimble P/B Ratio 2026: 3.2×

Trimble P/B Ratio 2024: 3.1×

Trimble P/B Ratio 2023: 2.9×

Trimble P/B Ratio 2022: 3.1×

Trimble P/B Ratio 2021: 5.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Trimble (TRMB) Key Financials

P/B Ratio daily chart for Trimble (TRMB)

Historical P/B Ratio for Trimble (TRMB) from 2001 to 2026

About P/B Ratio at Trimble (TRMB)

Trimble P/B Ratio by Year

Trimble P/B Ratio 2026: 3.2×

Trimble P/B Ratio 2024: 3.1×

Trimble P/B Ratio 2023: 2.9×

Trimble P/B Ratio 2022: 3.1×

Trimble P/B Ratio 2021: 5.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Trimble'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 Trimble?

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

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

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

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

Trimble (TRMB) Key Financials