Palantir Technologies Inc.
PLTR Technology Software Infrastructure
Palantir Technologies Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.5 billion, up 56.2% from fiscal 2024. In the quarter to June 2026, revenue grew 92.8%, EPS grew 214.3% and free cash flow grew 126.0%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for five consecutive years, operating cash flow growth for three.
Follow PLTR
Palantir Technologies Inc. (PLTR) P/B ratio
As of 16 October 2026, Palantir Technologies Inc. (PLTR) trades at a P/B ratio of 45.2×. Over the past ten years it has ranged from 4.9× (January 2023) to 73.6× (November 2025); the current reading is higher than 84% of that period. That is above the Software Infrastructure industry median of 2.9× and above the Technology sector median of 2.7×.
P/B ratio, daily
Embed this chart
Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 56.2× | 68.39% |
| FY2024 | 33.4× | 234.10% |
| FY2023 | 10.0× | 100.34% |
| FY2022 | 5.0× | (67.36%) |
| FY2021 | 15.3× | (43.95%) |
| FY2020 | 27.3× | 297.02% |
| FY2019 | 6.9× | 0.00% |
| FY2018 | 6.9× | — |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 28.3× | (30.79%) |
| Mar 2026 | 40.9× | (27.24%) |
| Dec 2025 | 56.2× | (13.24%) |
| Sep 2025 | 64.8× | 21.17% |
| 23 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| SNPS Synopsys, Inc. compare | 2.8× |
| NBIS Nebius Group N.V. compare | 4.5× |
| ORCL Oracle Corporation compare | 6.1× |
| MSFT Microsoft Corporation compare | 8.9× |
| PANW Palo Alto Networks, Inc. compare | 9.3× |
| CRWD CrowdStrike compare | 45.1× |
| PLTR Palantir Technologies Inc. | 45.2× |
| NET Cloudflare, Inc. compare | 64.6× |
| FTNT Fortinet, Inc. compare | 79.9× |
| Software Infrastructure industry median | 2.9× |
| Technology sector median | 2.7× |
| 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 PLTR
- 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
- Beneish M-score
- The full statement