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.
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Netflix, Inc. (NFLX) 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 | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| TKO TKO Group Holdings, Inc. compare | 1.6× |
| DIS The Walt Disney Company compare | 1.6× |
| FOX Fox Corporation compare | 2.1× |
| FOXA Fox Corporation compare | 2.4× |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | 2.9× |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | 3.1× |
| ROKU Roku, Inc. compare | 8.1× |
| NFLX Netflix, Inc. | 9.8× |
| LYV Live Nation Entertainment, Inc. compare | 52.5× |
| Entertainment industry median | 1.7× |
| Communication Services sector median | 1.3× |
| 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))
More on NFLX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- The full statement