Netflix, Inc.

NFLX Communication Services Entertainment

Netflix, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $45.2 billion, up 15.9% from fiscal 2024. In the quarter to June 2026, revenue grew 13.4%, EPS grew 10.2%, free cash flow fell 32.7% and total debt fell 18.2%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for three.

70.53 2.08 −2.86%
Market cap
$302.3B
P/E
21.8×
Fwd P/E
22.9×
Dividend yield
—
F-score
7/9
Altman Z
10.96
Beneish M
n/a
Dividend safety
n/a

Netflix, Inc. (NFLX) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Netflix, Inc. (NFLX) trades at a P/B ratio of 9.8×. Over the past ten years it has ranged from 1.0× (January 2015) to 45.0× (June 2018); the current reading is higher than 18% of that period. That is above the Entertainment industry median of 1.7× and above the Communication Services sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 15.0× (3.24%)
FY2024 15.5× 53.98%
FY2023 10.0× 59.14%
FY2022 6.3× (62.51%)
FY2021 16.8× (21.82%)
FY2020 21.5× 15.31%
FY2019 18.7× (16.01%)
FY2018 22.2× (8.25%)
FY2017 24.2× 18.84%
FY2016 20.4× (6.89%)

Quarterly newest first

Period P/B ratio Change
Jun 2026 9.9× (23.95%)
Mar 2026 13.0× (12.86%)
Dec 2025 15.0× (23.65%)
Sep 2025 19.6× (14.08%)
42 more quarters

Against its own ten years

Low 1.0× High 45.0×
Ten-year median 18.6×
Current reading's percentile 17

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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