Question 1

What is Workday's P/B ratio?

Accepted Answer

Workday (WDAY) P/B ratio is 5.5× 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 Workday?

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

Question 5

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

Accepted Answer

Workday's P/B ratio of 5.5× is below its own 5-year average of 8.9× and below the sector median of 6.0×. That places the current reading at the 7th 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 Workday's historical P/B ratio range?

Accepted Answer

In the available daily series, Workday (WDAY) P/B ratio has ranged from a low of 3.8× in 2026 to a high of 22.5× in 2019. The 5-year average is 8.9× and the 5-year median is 7.8×.

Question 7

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

Accepted Answer

Workday (WDAY) P/B ratio at the end of 2026 was 5.9×. 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 Workday'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	$45.89B	$7.80B	5.9×	-1.8×	Jan 31, 2026
2025	$69.67B	$9.03B	7.7×	-1.8×	Jan 31, 2025
2024	$76.58B	$8.08B	9.5×	+1.1×	Jan 31, 2024
2023	$46.69B	$5.59B	8.4×	-5.6×	Jan 31, 2023
2022	$63.24B	$4.54B	13.9×	-3.3×	Jan 31, 2022
2021	$56.58B	$3.28B	17.3×	+0.1×	Jan 31, 2021
2020	$42.56B	$2.49B	17.1×	-3.3×	Jan 31, 2020
2019	$40.00B	$1.96B	20.4×	+4.4×	Jan 31, 2019
2018	$25.29B	$1.58B	16.0×	+2.9×	Jan 31, 2018
2017	$16.75B	$1.28B	13.1×	+2.1×	Jan 31, 2017
2016	$12.48B	$1.14B	11.0×	-2.1×	Jan 31, 2016
2015	$14.76B	$1.13B	13.1×	-0.1×	Jan 31, 2015
2014	$15.69B	$1.19B	13.2×	-1.4×	Jan 31, 2014
2013	$8.65B	$592.28M	14.6×	—	Jan 31, 2013


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P/B Ratio for Workday (WDAY)

P/B Ratio daily chart for Workday (WDAY)

Historical P/B Ratio for Workday (WDAY) from 2013 to 2026

About P/B Ratio at Workday (WDAY)

Workday P/B Ratio by Year

Workday P/B Ratio 2026: 5.9×

Workday P/B Ratio 2025: 7.7×

Workday P/B Ratio 2024: 9.5×

Workday P/B Ratio 2023: 8.4×

Workday P/B Ratio 2022: 13.9×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Workday (WDAY) Key Financials

P/B Ratio daily chart for Workday (WDAY)

Historical P/B Ratio for Workday (WDAY) from 2013 to 2026

About P/B Ratio at Workday (WDAY)

Workday P/B Ratio by Year

Workday P/B Ratio 2026: 5.9×

Workday P/B Ratio 2025: 7.7×

Workday P/B Ratio 2024: 9.5×

Workday P/B Ratio 2023: 8.4×

Workday P/B Ratio 2022: 13.9×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Workday'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 Workday?

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

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

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

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

Workday (WDAY) Key Financials