Question 1

What is Tractor Supply's P/B ratio?

Accepted Answer

Tractor Supply (TSCO) P/B ratio is 6.3× 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 Tractor Supply?

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 Tractor Supply specifically, the relevant sector benchmark is the current sector median of 4.2×.

Question 5

Is Tractor Supply's P/B ratio high or low?

Accepted Answer

Tractor Supply's P/B ratio of 6.3× is below its own 5-year average of 12.0× and above the sector median of 4.2×. 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 Tractor Supply's historical P/B ratio range?

Accepted Answer

In the available daily series, Tractor Supply (TSCO) P/B ratio has ranged from a low of 1.7× in 2001 to a high of 14.8× in 2024. The 5-year average is 12.0× and the 5-year median is 11.9×.

Question 7

What was Tractor Supply's P/B ratio in 2025?

Accepted Answer

Tractor Supply (TSCO) P/B ratio at the end of 2025 was 10.5×. 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 Tractor Supply'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	$27.14B	$2.58B	10.5×	-2.0×	Dec 27, 2025
2024	$28.31B	$2.27B	12.5×	+1.7×	Dec 31, 2024
2023	$23.26B	$2.15B	10.8×	-1.3×	Dec 31, 2023
2022	$24.84B	$2.04B	12.2×	-1.4×	Dec 31, 2022
2021	$27.12B	$2.00B	13.5×	+5.0×	Dec 31, 2021
2020	$16.38B	$1.92B	8.5×	+1.5×	Dec 31, 2020
2019	$11.06B	$1.57B	7.1×	+0.5×	Dec 31, 2019
2018	$10.19B	$1.56B	6.5×	-0.1×	Dec 31, 2018
2017	$9.38B	$1.42B	6.6×	-0.2×	Dec 31, 2017
2016	$9.94B	$1.45B	6.8×	-1.4×	Dec 31, 2016
2015	$11.49B	$1.39B	8.2×	-0.1×	Dec 31, 2015
2014	$10.73B	$1.29B	8.3×	-0.4×	Dec 31, 2014
2013	$10.84B	$1.25B	8.7×	+2.6×	Dec 31, 2013
2012	$6.21B	$1.02B	6.1×	+1.1×	Dec 31, 2012
2011	$4.99B	$1.01B	4.9×	+1.2×	Dec 31, 2011
2010	$3.53B	$933.24M	3.8×	+1.3×	Dec 31, 2010
2009	$1.92B	$779.15M	2.5×	+0.3×	Dec 31, 2009
2008	$1.31B	$610.13M	2.1×	-0.2×	Dec 31, 2008
2007	$1.35B	$565.34M	2.4×	-0.6×	Dec 31, 2007
2006	$1.82B	$598.90M	3.0×	-1.4×	Dec 31, 2006
2005	$2.10B	$477.70M	4.4×	+0.5×	Dec 31, 2005
2004	$1.44B	$370.58M	3.9×	-1.2×	Dec 31, 2004
2003	$1.48B	$290.99M	5.1×	+2.0×	Dec 31, 2003
2002	$688.38M	$227.85M	3.0×	+1.3×	Dec 31, 2002
2001	$304.88M	$181.30M	1.7×	—	Dec 31, 2001


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×
Toll Brothers (TOL)	1.6×
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 Tractor Supply (TSCO)

P/B Ratio daily chart for Tractor Supply (TSCO)

Historical P/B Ratio for Tractor Supply (TSCO) from 2001 to 2025

About P/B Ratio at Tractor Supply (TSCO)

Tractor Supply P/B Ratio by Year

Tractor Supply P/B Ratio 2025: 10.5×

Tractor Supply P/B Ratio 2024: 12.5×

Tractor Supply P/B Ratio 2023: 10.8×

Tractor Supply P/B Ratio 2022: 12.2×

Tractor Supply P/B Ratio 2021: 13.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Tractor Supply (TSCO) Key Financials

P/B Ratio daily chart for Tractor Supply (TSCO)

Historical P/B Ratio for Tractor Supply (TSCO) from 2001 to 2025

About P/B Ratio at Tractor Supply (TSCO)

Tractor Supply P/B Ratio by Year

Tractor Supply P/B Ratio 2025: 10.5×

Tractor Supply P/B Ratio 2024: 12.5×

Tractor Supply P/B Ratio 2023: 10.8×

Tractor Supply P/B Ratio 2022: 12.2×

Tractor Supply P/B Ratio 2021: 13.5×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Tractor Supply'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 Tractor Supply?

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

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

+What was Tractor Supply's P/B ratio in 2025?

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

Tractor Supply (TSCO) Key Financials