FirstService Corporation

FSV Real Estate Real Estate Services

FirstService Corporation’s revenue for fiscal 2025 (year ended December 2025) was $5.5 billion, up 5.38% from fiscal 2024.

Revenue
+5.81%
EPS
−20.8%
Free cash flow
−39.9%
Total debt
+29.0%

Quarter to September 2026, against a year earlier

153.78 1.47 −0.95%
Market cap
$7.1B
P/E
46.9×
Fwd P/E
43.6×
Dividend yield
0.77%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

FirstService Corporation (FSV) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, FirstService Corporation (FSV) trades at a P/B ratio of 7.1×. Over the past ten years it has ranged from 0.0× (June 2015) to 18.7× (August 2019); the current reading is higher than 46% of that period. That is above the Real Estate Services industry median of 0.8× and above the Real Estate sector median of 1.0×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 5.1× (25.00%)
FY2024 6.9× (0.35%)
FY2023 6.9× 14.87%
FY2022 6.0× (43.43%)
FY2021 10.6× 19.67%
FY2020 8.9× 6.03%
FY2019 8.4× (19.88%)
FY2018 10.4× (19.73%)
FY2017 13.0× 37.42%
FY2016 9.4× 58.49%

Quarterly newest first

Period P/B ratio Change
Sep 2026 5.9× 11.81%
Jun 2026 5.3× 18.62%
Mar 2026 4.5× (13.34%)
Dec 2025 5.1× (20.59%)
43 more quarters

Against its own ten years

Low 0.0× High 18.7×
Ten-year median 7.3×
Current reading's percentile 43

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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