Question 1

What is Block's P/B ratio?

Accepted Answer

Block (XYZ) P/B ratio is 1.9× 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 Block?

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

Question 5

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

Accepted Answer

Block's P/B ratio of 1.9× is below its own 5-year average of 6.9× and below the sector median of 6.0×. That places the current reading at the 18th 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 Block's historical P/B ratio range?

Accepted Answer

In the available daily series, Block (XYZ) P/B ratio has ranged from a low of 1.3× in 2023 to a high of 57.2× in 2021. The 5-year average is 6.9× and the 5-year median is 2.1×.

Question 7

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

Accepted Answer

Block (XYZ) P/B ratio at the end of 2025 was 1.8×. 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 Block'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	$39.85B	$22.20B	1.8×	-0.8×	Dec 31, 2025
2024	$54.22B	$21.27B	2.5×	+0.0×	Dec 31, 2024
2023	$47.57B	$18.70B	2.5×	+0.4×	Dec 31, 2023
2022	$37.63B	$17.22B	2.2×	-20.4×	Dec 31, 2022
2021	$74.04B	$3.27B	22.6×	-13.3×	Dec 31, 2021
2020	$96.44B	$2.68B	36.0×	+20.5×	Dec 31, 2020
2019	$26.59B	$1.72B	15.5×	-4.8×	Dec 31, 2019
2018	$22.76B	$1.12B	20.3×	+3.6×	Dec 31, 2018
2017	$13.15B	$786.33M	16.7×	+8.7×	Dec 31, 2017
2016	$4.62B	$576.15M	8.0×	-0.4×	Dec 31, 2016
2015	$4.28B	$508.05M	8.4×	-4.8×	Dec 31, 2015
2014	$3.62B	$273.67M	13.2×	—	Dec 31, 2014


ON Semiconductor (ON)	3.4×
Duolingo (DUOL)	3.3×
Unity Software (U)	3.2×
Synopsys (SNPS)	3.0×
Science Applications International (SAIC)	2.9×
Zebra Technologies (ZBRA)	2.9×
Zoom Communications (ZM)	2.9×
Trimble (TRMB)	2.7×
Twilio (TWLO)	2.5×
Amkor Technology (AMKR)	2.5×
EPAM Systems (EPAM)	2.1×
Qorvo (QRVO)	2.1×
IonQ (IONQ)	2.1×
Intel (INTC)	2.0×
Roper Technologies (ROP)	2.0×
Cognizant (CTSH)	1.9×
Okta (OKTA)	1.9×
Super Micro Computer (SMCI)	1.8×
Lyft (LYFT)	1.7×
Block (SQ)	1.6×
Hewlett Packard Enterprise (HPE)	1.5×
Fidelity National Information Services (FIS)	1.5×
Skyworks Solutions (SWKS)	1.4×
Fiserv (FISV)	1.1×
Strategy (MSTR)	0.9×

P/B Ratio for Block (XYZ)

P/B Ratio daily chart for Block (XYZ)

Historical P/B Ratio for Block (XYZ) from 2014 to 2025

About P/B Ratio at Block (XYZ)

Block P/B Ratio by Year

Block P/B Ratio 2025: 1.8×

Block P/B Ratio 2024: 2.5×

Block P/B Ratio 2023: 2.5×

Block P/B Ratio 2022: 2.2×

Block P/B Ratio 2021: 22.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Block (XYZ) Key Financials

P/B Ratio daily chart for Block (XYZ)

Historical P/B Ratio for Block (XYZ) from 2014 to 2025

About P/B Ratio at Block (XYZ)

Block P/B Ratio by Year

Block P/B Ratio 2025: 1.8×

Block P/B Ratio 2024: 2.5×

Block P/B Ratio 2023: 2.5×

Block P/B Ratio 2022: 2.2×

Block P/B Ratio 2021: 22.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Block'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 Block?

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

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

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

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

Block (XYZ) Key Financials