Watsco, Inc.

WSO.B Industrials Industrial Distribution

Watsco, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, down 4.98% from fiscal 2024.

Revenue
+2.06%
EPS
−11.5%
Free cash flow
+17.6%
Total debt
−35.5%

Quarter to June 2026, against a year earlier

313.24 9.94 +3.28%
Market cap
$16.0B
P/E
27.2×
Fwd P/E
—
Dividend yield
—
F-score
6/9
Altman Z
9.65
Beneish M
−2.48
Dividend safety
56/100

Watsco, Inc. (WSO.B) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Watsco, Inc. (WSO.B) trades at a P/B ratio of 3.4×. Over the past ten years it has ranged from 2.7× (December 2018) to 6.6× (January 2025); the current reading is higher than 17% of that period. That is in line with the Industrial Distribution industry median of 3.4× and above the Industrials sector median of 2.2×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 4.0× (39.43%)
FY2024 6.6× 11.81%
FY2023 5.9× 47.09%
FY2022 4.0× (26.22%)
FY2021 5.4× 17.89%
FY2020 4.6× 25.23%
FY2019 3.7× 26.54%
FY2018 2.9× (19.05%)
FY2017 3.6× (7.53%)
FY2016 3.9× 20.88%

Quarterly newest first

Period P/B ratio Change
Jun 2026 3.8× (11.51%)
Mar 2026 4.3× 9.22%
Dec 2025 4.0× (13.81%)
Sep 2025 4.6× (10.12%)
42 more quarters

Against its own ten years

Low 2.7× High 6.6×
Ten-year median 4.1×
Current reading's percentile 13

P/B ratio against peers

Company P/B ratio
QXO QXO, Inc. compare 1.0×
WCC WESCO International, Inc. compare 2.6×
WSO Watsco, Inc. compare 3.4×
WSO.B Watsco, Inc. 3.4×
CNM Core & Main, Inc. compare 4.2×
MSM MSC Industrial Direct Company, Inc. compare 4.3×
AIT Applied Industrial Technologies, Inc. compare 5.5×
POOL Pool Corporation compare 6.3×
XMTR Xometry, Inc. compare 10.3×
Industrial Distribution industry median 3.4×
Industrials sector median 2.2×
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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