Question 1

What is Visa's P/B ratio?

Accepted Answer

Visa (V) P/B ratio is 17.5× 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 Visa?

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 Visa specifically, the relevant sector benchmark is the current sector median of 1.7×.

Question 5

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

Accepted Answer

Visa's P/B ratio of 17.5× is above its own 5-year average of 14.0× and above the sector median of 1.7×. That places the current reading at the 87th 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 Visa's historical P/B ratio range?

Accepted Answer

In the available daily series, Visa (V) P/B ratio has ranged from a low of 1.8× in 2008 to a high of 39.9× in 2007. The 5-year average is 14.0× and the 5-year median is 13.3×.

Question 7

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

Accepted Answer

Visa (V) P/B ratio at the end of 2025 was 17.3×. 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 Visa'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	$656.82B	$37.91B	17.3×	+3.3×	Sep 30, 2025
2024	$550.72B	$39.14B	14.1×	+1.8×	Sep 30, 2024
2023	$474.97B	$38.73B	12.3×	+1.7×	Sep 30, 2023
2022	$375.91B	$35.58B	10.6×	-2.0×	Sep 30, 2022
2021	$473.19B	$37.59B	12.6×	+0.8×	Sep 30, 2021
2020	$425.60B	$36.21B	11.8×	+1.0×	Sep 30, 2020
2019	$372.80B	$34.68B	10.7×	+0.9×	Sep 30, 2019
2018	$334.95B	$34.01B	9.8×	+2.5×	Sep 30, 2018
2017	$240.05B	$32.76B	7.3×	+1.4×	Sep 30, 2017
2016	$194.34B	$32.91B	5.9×	+0.2×	Sep 30, 2016
2015	$169.13B	$29.84B	5.7×	+0.8×	Sep 30, 2015
2014	$132.07B	$27.41B	4.8×	+0.3×	Sep 30, 2014
2013	$122.13B	$26.87B	4.5×	+0.5×	Sep 30, 2013
2012	$110.47B	$27.63B	4.0×	+1.4×	Sep 30, 2012
2011	$69.60B	$26.44B	2.6×	-0.6×	Sep 30, 2011
2010	$80.85B	$25.01B	3.2×	+1.0×	Sep 30, 2010
2009	$51.94B	$23.19B	2.2×	+0.3×	Sep 30, 2009
2008	$43.26B	$22.28B	1.9×	—	Sep 30, 2008
2007	$41.34B	−$501.33M	—	—	Sep 30, 2007


UMB Financial (UMBF)	1.1×
RenaissanceRe Holdings (RNR)	1.1×
KeyCorp (KEY)	1.1×
Southside Bancshares (SBSI)	1.1×
Prudential Financial (PRU)	1.1×
United Bankshares (UBSI)	1.1×
Alerus Financial (ALRS)	1.0×
Capital One Financial (COF)	1.0×
Franklin Resources (BEN)	1.0×
Atlantic Union Bankshares (AUB)	1.0×
American International Group (AIG)	1.0×
Eagle Financial Services (EFSI)	1.0×
Everest Re Group (RE)	1.0×
Citizens Financial Group (CFG)	1.0×
Citigroup (C)	0.9×
Ares Capital (ARCC)	0.9×
Huntington Bancshares (HBAN)	0.9×
Auburn National Bancorporation (AUBN)	0.9×
Invesco (IVZ)	0.9×
Truist Financial (TFC)	0.9×
Everest Re Group (EG)	0.9×
PSB Holdings (PSBQ)	0.8×
Ally Financial (ALLY)	0.8×
Global Payments (GPN)	0.7×
Assured Guaranty (AGO)	0.7×

P/B Ratio for Visa (V)

P/B Ratio daily chart for Visa (V)

Historical P/B Ratio for Visa (V) from 2007 to 2025

About P/B Ratio at Visa (V)

Visa P/B Ratio by Year

Visa P/B Ratio 2025: 17.3×

Visa P/B Ratio 2024: 14.1×

Visa P/B Ratio 2023: 12.3×

Visa P/B Ratio 2022: 10.6×

Visa P/B Ratio 2021: 12.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Visa (V) Key Financials

P/B Ratio daily chart for Visa (V)

Historical P/B Ratio for Visa (V) from 2007 to 2025

About P/B Ratio at Visa (V)

Visa P/B Ratio by Year

Visa P/B Ratio 2025: 17.3×

Visa P/B Ratio 2024: 14.1×

Visa P/B Ratio 2023: 12.3×

Visa P/B Ratio 2022: 10.6×

Visa P/B Ratio 2021: 12.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Visa'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 Visa?

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

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

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

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

Visa (V) Key Financials