Question 1

What is Verizon's P/B ratio?

Accepted Answer

Verizon (VZ) P/B ratio is 1.8× as of July 22, 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 Verizon?

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 Verizon specifically, the relevant sector benchmark is the current sector median of 3.1×.

Question 5

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

Accepted Answer

Verizon's P/B ratio of 1.8× is below its own 5-year average of 2.0× and below the sector median of 3.1×. That places the current reading at the 42th 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 Verizon's historical P/B ratio range?

Accepted Answer

In the available daily series, Verizon (VZ) P/B ratio has ranged from a low of 1.4× in 2023 to a high of 21.4× in 2015. The 5-year average is 2.0× and the 5-year median is 1.8×.

Question 7

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

Accepted Answer

Verizon (VZ) 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 Verizon'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	$172B	$104B	1.6×	-0.1×	Dec 31, 2025
2024	$169B	$99.2B	1.7×	-0.0×	Dec 31, 2024
2023	$159B	$92.4B	1.7×	-0.1×	Dec 31, 2023
2022	$166B	$91.1B	1.8×	-0.8×	Dec 31, 2022
2021	$217B	$81.8B	2.6×	-0.9×	Dec 31, 2021
2020	$243B	$67.8B	3.6×	-0.6×	Dec 31, 2020
2019	$254B	$61.4B	4.1×	-0.2×	Dec 31, 2019
2018	$233B	$53.1B	4.4×	-0.6×	Dec 31, 2018
2017	$216B	$43.1B	5.0×	-4.7×	Dec 31, 2017
2016	$218B	$22.5B	9.7×	-1.8×	Dec 31, 2016
2015	$188B	$16.4B	11.5×	-4.3×	Dec 31, 2015
2014	$194B	$12.3B	15.7×	+12.1×	Dec 31, 2014
2013	$141B	$38.8B	3.6×	-0.1×	Dec 31, 2013
2012	$124B	$33.2B	3.7×	+0.6×	Dec 31, 2012
2011	$114B	$36B	3.2×	+0.5×	Dec 31, 2011
2010	$101B	$38.6B	2.6×	+0.5×	Dec 31, 2010
2009	$88B	$41.4B	2.1×	-0.0×	Dec 31, 2009
2008	$90B	$41.7B	2.2×	-0.2×	Dec 31, 2008
2007	$119B	$50.6B	2.4×	+0.2×	Dec 31, 2007
2006	$103B	$48.5B	2.1×	+0.1×	Dec 31, 2006
2005	$80.9B	$39.7B	2.0×	-0.7×	Dec 31, 2005
2004	$103B	$37.6B	2.7×	+0.1×	Dec 31, 2004
2003	$89.5B	$33.5B	2.7×	-0.3×	Dec 31, 2003
2002	$98B	$32.6B	3.0×	—	Dec 31, 2002


AST SpaceMobile (ASTS)	15.8×
Spotify (SPOT)	10.8×
Netflix (NFLX)	9.9×
Reddit (RDDT)	8.1×
DoorDash (DASH)	6.4×
EchoStar (SATS)	6.0×
Meta (META)	5.9×
Roku (ROKU)	5.2×
TKO Group Holdings (TKO)	4.6×
T-Mobile US (TMUS)	4.1×
Pinterest (PINS)	4.1×
Snap (SNAP)	3.7×
John Wiley & Sons (WLY)	2.5×
Fox (FOXA)	2.3×
Warner Bros. Discovery (WBD)	2.1×
Charter Communications (CHTR)	1.7×
Omnicom Group (OMC)	1.6×
News (NWSA)	1.6×
Walt Disney (DIS)	1.5×
Comcast (CMCSA)	1.2×
Telephone and Data Systems (TDS)	1.0×
Versant Media Group, Inc. Class A (VSNT)	0.7×
Paramount Skydance (PSKY)	0.6×

P/B Ratio for Verizon (VZ) 2002-2026

P/B Ratio daily chart for Verizon (VZ)

Historical P/B Ratio for Verizon (VZ) from 2002 to 2025

About P/B Ratio at Verizon (VZ)

Verizon P/B Ratio by Year

Verizon P/B Ratio 2025: 1.6×

Verizon P/B Ratio 2024: 1.7×

Verizon P/B Ratio 2023: 1.7×

Verizon P/B Ratio 2022: 1.8×

Verizon P/B Ratio 2021: 2.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Verizon (VZ) Key Financials