AAON, Inc.

AAON Industrials Building Products & Equipment

AAON, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, up 20.1% from fiscal 2024.

Revenue
+101.2%
EPS
+263.2%
Free cash flow
+53.0%
Total debt
+37.1%

Quarter to June 2026, against a year earlier

54.06 4.19 −7.19%
Market cap
$4.5B
P/E
27.7×
Fwd P/E
28.0×
Dividend yield
0.74%
F-score
2/9
Altman Z
6.93
Beneish M
−1.39
Dividend safety
49/100

AAON, Inc. (AAON) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, AAON, Inc. (AAON) trades at a P/B ratio of 4.4×. Over the past ten years it has ranged from 4.4× (November 2026) to 14.3× (November 2024) — the current reading is the lowest in ten years. That is above the Building Products & Equipment industry median of 2.9× and above the Industrials sector median of 2.2×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 6.9× (40.26%)
FY2024 11.6× 42.54%
FY2023 8.2× 15.20%
FY2022 7.1× (20.69%)
FY2021 8.9× (9.88%)
FY2020 9.9× 11.70%
FY2019 8.9× 20.70%
FY2018 7.3× (10.25%)
FY2017 8.2× (4.48%)
FY2016 8.6× 22.20%

Quarterly newest first

Period P/B ratio Change
Jun 2026 10.3× 42.49%
Mar 2026 7.2× 4.26%
Dec 2025 6.9× (21.32%)
Sep 2025 8.8× 22.39%
42 more quarters

Against its own ten years

Low 4.4× High 14.3×
Ten-year median 8.2×
Current reading's percentile 0

P/B ratio against peers

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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