Wednesday 4 November 2026 Export ULS’s income statement to Excel — free account

UL Solutions Inc.

ULS Industrials Specialty Business Services

UL Solutions Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 6.38% from fiscal 2024.

Revenue: +5.11%
EPS: +6.00%
Free cash flow: +41.3%
Total debt: +40.4%

Quarter to September 2026, against a year earlier

79.80 0.60 −0.75%

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Market cap: $16.2B
P/E: 31.5×
Fwd P/E: 26.9×
Dividend yield: 0.71%
F-score: 7/9
Altman Z: 7.80
Beneish M: −2.77
Dividend safety: 81/100

Overview Business Profile Earnings & Analysis Segments Valuation Filings

UL Solutions Inc. (ULS) P/B ratio

Alert me on P/B ratio

As of 3 November 2026, UL Solutions Inc. (ULS) trades at a P/B ratio of 9.3×. Over the past ten years it has ranged from 7.6× (September 2026) to 15.8× (May 2026); the current reading is higher than 7% of that period. That is above the Specialty Business Services industry median of 2.3× and above the Industrials sector median of 2.3×.

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<iframe src="https://stockrow.com/embed/ULS/pb-ratio" width="100%" height="360" style="border:0" loading="lazy" title="UL Solutions Inc. P/B ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/ULS/metrics/pb-ratio">UL Solutions Inc. (ULS) P/B ratio — stockrow.com</a></p>

Period	P/B ratio	Change
FY2025	12.2×	14.32%
FY2024	10.7×	4.73%
FY2023	10.2×	0.00%
FY2022	10.2×	0.00%
FY2021	10.2×	—

Period	P/B ratio	Change
Sep 2026	7.6×	(39.95%)
Jun 2026	12.7×	(1.50%)
Mar 2026	12.9×	5.27%
Dec 2025	12.2×	4.93%
11 more quarters	Free account

Against its own ten years

Low 7.6× High 15.8×

Ten-year median 11.9×

Current reading's percentile 7

Company	P/B ratio
RTO Rentokil Initial PLC compare	n/m
AMTM Amentum Holdings, Inc. compare	1.1×
UNF Unifirst Corporation compare	2.1×
DLB Dolby Laboratories compare	2.3×
FA First Advantage Corporation compare	2.9×
AZZ AZZ Inc. compare	2.9×
CPRT Copart, Inc. compare	3.2×
ARMK Aramark compare	4.2×
ULS UL Solutions Inc.	9.3×
Specialty Business Services industry median	2.3×
Industrials sector median	2.3×
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))

The full definition of P/B ratio →

UL Solutions Inc. (ULS) P/B ratio

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on ULS

P/B ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/B ratio against peers

What P/B ratio is

More on ULS

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