Question 1

What is Twilio's P/B ratio?

Accepted Answer

Twilio (TWLO) P/B ratio is 4.6× 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 Twilio?

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

Question 5

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

Accepted Answer

Twilio's P/B ratio of 4.6× is above its own 5-year average of 2.2× and below the sector median of 6.0×. That places the current reading at the 90th 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 Twilio's historical P/B ratio range?

Accepted Answer

In the available daily series, Twilio (TWLO) P/B ratio has ranged from a low of 0.7× in 2022 to a high of 56.4× in 2015. The 5-year average is 2.2× and the 5-year median is 1.6×.

Question 7

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

Accepted Answer

Twilio (TWLO) P/B ratio at the end of 2025 was 2.8×. 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 Twilio'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	$21.67B	$7.82B	2.8×	+0.5×	Dec 31, 2025
2024	$17.93B	$7.95B	2.3×	+0.8×	Dec 31, 2024
2023	$13.79B	$9.73B	1.4×	+0.6×	Dec 31, 2023
2022	$9.06B	$10.56B	0.9×	-3.4×	Dec 31, 2022
2021	$47.12B	$11.03B	4.3×	-2.1×	Dec 31, 2021
2020	$53.61B	$8.45B	6.3×	+3.2×	Dec 31, 2020
2019	$13.54B	$4.28B	3.2×	-17.1×	Dec 31, 2019
2018	$8.88B	$438.24M	20.3×	+14.1×	Dec 31, 2018
2017	$2.20B	$359.85M	6.1×	-1.5×	Dec 31, 2017
2016	$2.52B	$329.45M	7.6×	-10.1×	Dec 31, 2016
2015	$2.07B	$116.63M	17.8×	+2.0×	Dec 31, 2015
2014	$491.23M	$31.19M	15.7×	—	Dec 31, 2014


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Amkor Technology (AMKR)	2.5×
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Fiserv (FISV)	1.1×
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P/B Ratio for Twilio (TWLO)

P/B Ratio daily chart for Twilio (TWLO)

Historical P/B Ratio for Twilio (TWLO) from 2014 to 2025

About P/B Ratio at Twilio (TWLO)

Twilio P/B Ratio by Year

Twilio P/B Ratio 2025: 2.8×

Twilio P/B Ratio 2024: 2.3×

Twilio P/B Ratio 2023: 1.4×

Twilio P/B Ratio 2022: 0.9×

Twilio P/B Ratio 2021: 4.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Twilio (TWLO) Key Financials

P/B Ratio daily chart for Twilio (TWLO)

Historical P/B Ratio for Twilio (TWLO) from 2014 to 2025

About P/B Ratio at Twilio (TWLO)

Twilio P/B Ratio by Year

Twilio P/B Ratio 2025: 2.8×

Twilio P/B Ratio 2024: 2.3×

Twilio P/B Ratio 2023: 1.4×

Twilio P/B Ratio 2022: 0.9×

Twilio P/B Ratio 2021: 4.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Twilio'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 Twilio?

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

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

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

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

Twilio (TWLO) Key Financials