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Friday 6 November 2026 Export AAOI’s income statement to Excel — free account

Applied Optoelectronics, Inc.

AAOI Technology Communication Equipment

Applied Optoelectronics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $455.7 million, up 82.8% from fiscal 2024.

Revenue
+127.5%
EPS
+125.0%
Free cash flow
+96.1%
Total debt
+69.0%

Quarter to September 2026, against a year earlier

49.98 3.09 +6.59%
Market cap
$4.0B
P/E
0.0×
Fwd P/E
19.6×
Dividend yield
—
F-score
4/9
Altman Z
2.98
Beneish M
−0.51
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Applied Optoelectronics, Inc. (AAOI) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Applied Optoelectronics, Inc. (AAOI) trades at a P/B ratio of 1.9×. Over the past ten years it has ranged from 0.2× (July 2022) to 15.3× (May 2026); the current reading is higher than 57% of that period. That is above the Communication Equipment industry median of 1.7× and below the Technology sector median of 2.5×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.9× (57.23%)
FY2024 6.7× 109.67%
FY2023 3.2× 1,024.27%
FY2022 0.3× (47.83%)
FY2021 0.5× (18.85%)
FY2020 0.7× (22.77%)
FY2019 0.9× (5.88%)
FY2018 0.9× (57.59%)
FY2017 2.2× 24.30%
FY2016 1.7× 7.79%

Quarterly newest first

Period P/B ratio Change
Sep 2026 3.9× (46.31%)
Jun 2026 7.2× 24.67%
Mar 2026 5.8× 103.30%
Dec 2025 2.9× (2.68%)
43 more quarters

Against its own ten years

Low 0.2× High 15.3×
Ten-year median 1.6×
Current reading's percentile 57

P/B ratio against peers

Company P/B ratio
ONDS Ondas Holdings Inc. compare 1.5×
VSAT Viasat Inc. compare 1.7×
AAOI Applied Optoelectronics, Inc. 1.9×
BDC Belden Inc compare 2.7×
DGII Digi International Inc. compare 3.4×
ASTS AST SpaceMobile, Inc. compare 3.8×
ZBRA Zebra Technologies Corporation compare 4.3×
VIAV Viavi Solutions Inc. compare 4.9×
EXTR Extreme Networks, Inc. compare 31.6×
Communication Equipment industry median 1.7×
Technology sector median 2.5×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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