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Friday 6 November 2026 Export PLTR’s income statement to Excel — free account

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.

Revenue
+95.9%
EPS
+135.8%
Free cash flow
+138.9%

Quarter to September 2026, against a year earlier

155.59 16.11 −9.38%
Market cap
$373.5B
P/E
102×
Fwd P/E
118×
Dividend yield
—
F-score
8/9
Altman Z
180.37
Beneish M
−1.99
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Palantir Technologies Inc. (PLTR) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Palantir Technologies Inc. (PLTR) trades at a P/B ratio of 33.0×. Over the past ten years it has ranged from 4.9× (January 2023) to 73.6× (November 2025); the current reading is higher than 70% of that period. That is above the Software Infrastructure industry median of 2.9× and above the Technology sector median of 2.5×.

P/B ratio, daily

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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
Sep 2026 39.7× 40.03%
Jun 2026 28.3× (30.79%)
Mar 2026 40.9× (27.24%)
Dec 2025 56.2× (13.24%)
24 more quarters

Against its own ten years

Low 4.9× High 73.6×
Ten-year median 19.3×
Current reading's percentile 70

P/B ratio against peers

Company P/B ratio
XYZ Block, Inc. compare 2.2×
SNPS Synopsys, Inc. compare 2.7×
ORCL Oracle Corporation compare 5.5×
MSFT Microsoft Corporation compare 8.5×
PANW Palo Alto Networks, Inc. compare 8.6×
PLTR Palantir Technologies Inc. 33.0×
FTNT Fortinet, Inc. compare 40.0×
CRWD CrowdStrike compare 43.2×
NET Cloudflare, Inc. compare 59.6×
Software Infrastructure industry median 2.9×
Technology sector median 2.5×
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))

The full definition of P/B ratio →

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