Palantir Technologies Inc. PLTR

189.67 (2.92) (1.52%) as of 25 Sep
Market cap
$461.6B
P/E
151×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Palantir Technologies Inc. (PLTR) P/B ratio

As of 25 September 2026, Palantir Technologies Inc. (PLTR) trades at a P/B ratio of 46.0×. Over the past ten years it has ranged from 4.9× (January 2023) to 73.6× (November 2025); the current reading is higher than 85% of that period. That is above the Software Infrastructure industry median of 3.4× and above the Technology sector median of 3.0×.

P/B ratio, daily

Annual

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

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

Against its own ten years

Low 4.9× High 73.6×
Ten-year median 18.6×
Current reading's percentile 85

P/B ratio against peers

Company P/B ratio
SNPS Synopsys, Inc. compare 2.6×
NBIS Nebius Group N.V. compare 6.4×
ORCL Oracle Corporation compare 6.5×
MSFT Microsoft Corporation compare 8.7×
PANW Palo Alto Networks, Inc. compare 10.2×
PLTR Palantir Technologies Inc. 46.0×
CRWD CrowdStrike compare 50.0×
NET Cloudflare, Inc. compare 76.3×
FTNT Fortinet, Inc. compare 82.0×
Software Infrastructure industry median 3.4×
Technology sector median 3.0×
Market median 1.8×

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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