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.

186.03 14.47 −7.22%
Market cap
$481.8B
P/E
148×
Fwd P/E
100×
Dividend yield
—
F-score
8/9
Altman Z
180.37
Beneish M
−1.99
Dividend safety
n/a

Palantir Technologies Inc. (PLTR) P/B ratio

Alert me on 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

Against its own ten years

Low 4.9× High 73.6×
Ten-year median 18.8×
Current reading's percentile 84

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))

The full definition of P/B ratio →

More on PLTR