Price to Book Value (P/BV)
since 2012
Calculation
Meta Platforms Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Stockholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 29, 2026 | 8.60 | = | 738.31 | ÷ | 85.88 | 85.88 | = | 217,243 | ÷ | 2,529,555,464 | |
| Jan 30, 2025 | 9.53 | = | 687.00 | ÷ | 72.08 | 72.08 | = | 182,637 | ÷ | 2,533,659,265 | |
| Feb 2, 2024 | 7.91 | = | 474.99 | ÷ | 60.08 | 60.08 | = | 153,168 | ÷ | 2,549,405,106 | |
| Feb 2, 2023 | 3.89 | = | 188.77 | ÷ | 48.49 | 48.49 | = | 125,713 | ÷ | 2,592,639,548 | |
| Feb 3, 2022 | 5.18 | = | 237.76 | ÷ | 45.88 | 45.88 | = | 124,879 | ÷ | 2,721,941,960 | |
| Jan 28, 2021 | 5.88 | = | 265.00 | ÷ | 45.05 | 45.05 | = | 128,290 | ÷ | 2,847,669,951 | |
| Jan 30, 2020 | 5.91 | = | 209.53 | ÷ | 35.45 | 35.45 | = | 101,054 | ÷ | 2,850,450,659 | |
| Jan 31, 2019 | 5.65 | = | 166.69 | ÷ | 29.48 | 29.48 | = | 84,127 | ÷ | 2,853,989,800 | |
| Feb 1, 2018 | 7.54 | = | 193.09 | ÷ | 25.59 | 25.59 | = | 74,347 | ÷ | 2,905,000,758 | |
| Feb 3, 2017 | 6.39 | = | 130.98 | ÷ | 20.48 | 20.48 | = | 59,194 | ÷ | 2,889,981,334 | |
| Jan 28, 2016 | 7.02 | = | 109.11 | ÷ | 15.54 | 15.54 | = | 44,218 | ÷ | 2,846,280,476 | |
| Jan 29, 2015 | 6.05 | = | 78.00 | ÷ | 12.90 | 12.90 | = | 36,096 | ÷ | 2,799,011,814 | |
| Jan 31, 2014 | 10.31 | = | 62.57 | ÷ | 6.07 | 6.07 | = | 15,470 | ÷ | 2,549,742,787 | |
| Feb 1, 2013 | 6.02 | = | 29.73 | ÷ | 4.93 | 4.93 | = | 11,755 | ÷ | 2,382,134,094 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Meta Platforms Inc. Annual Report.
The price-to-book value (P/BV) ratio has exhibited fluctuating behavior over the analyzed period. Initially, the ratio demonstrated an increasing trend from 2013 to 2014, followed by a period of relative stability and then a decline before experiencing a resurgence in recent years.
- Initial Growth & Stabilization (2013-2016)
- From February 2013 to January 2016, the P/BV ratio increased from 6.02 to 7.02. This initial growth suggests increasing investor confidence relative to the company’s net asset value. However, the increase was not substantial, indicating a relatively measured response. The ratio then stabilized around the 6 to 7 range.
- Decline (2017-2018)
- A slight decline in the P/BV ratio was observed between February 2017 and February 2018, moving from 6.39 to 7.54 and then back down to 7.54. This could indicate a period of market reassessment or concerns regarding future growth prospects relative to book value.
- Further Decline & Low Point (2019-2022)
- The period from January 2019 to February 2022 saw a more pronounced downward trend in the P/BV ratio, decreasing from 5.65 to 3.89. This represents a significant contraction, potentially reflecting increased market skepticism or a period of underperformance relative to net asset value. The lowest point in the observed period was reached in 2022.
- Recent Rebound (2023-2026)
- Beginning in February 2023, the P/BV ratio began to recover, increasing substantially to 7.91 in February 2023, 9.53 in February 2024, and 8.60 in January 2026. This recent increase suggests renewed investor optimism and a willingness to pay a higher premium for the company’s net asset value. The ratio has reached its highest point in the analyzed timeframe.
The fluctuations in the P/BV ratio correlate with changes in both share price and book value per share. While share price experienced its own volatility, the increasing book value per share, particularly in later years, contributed to the ratio’s recent upward trend. The observed patterns suggest a dynamic relationship between market perception, asset valuation, and investor sentiment.
Comparison to Competitors
Meta Platforms Inc., P/BV, long-term trends, comparison to competitors
| Meta Platforms Inc. | Alphabet Inc. | Comcast Corp. | Netflix Inc. | Trade Desk Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|
| Jan 29, 2026 | 8.60 | 9.65 | 1.10 | 13.66 | — | 1.75 |
| Jan 30, 2025 | 9.53 | 7.25 | 1.49 | 16.80 | 12.12 | 1.96 |
| Feb 2, 2024 | 7.91 | 6.22 | 2.24 | 11.99 | 17.10 | 1.74 |
| Feb 2, 2023 | 3.89 | 5.26 | 2.08 | 7.82 | 15.38 | 1.82 |
| Feb 3, 2022 | 5.18 | 7.78 | 2.36 | 10.83 | 25.68 | 3.11 |
| Jan 28, 2021 | 5.88 | 6.27 | 2.61 | 21.56 | 42.25 | 3.23 |
| Jan 30, 2020 | 5.91 | 4.94 | 2.43 | 19.86 | 21.38 | 2.98 |
| Jan 31, 2019 | 5.65 | 4.49 | 2.31 | 27.41 | 22.08 | 3.45 |
| Feb 1, 2018 | 7.54 | 4.93 | 2.88 | 34.48 | 9.59 | 3.76 |
| Feb 3, 2017 | 6.39 | 3.99 | 3.31 | 22.89 | 7.96 | 3.61 |
| Jan 28, 2016 | 7.02 | 3.91 | 2.78 | 18.18 | — | 4.41 |
| Jan 29, 2015 | 6.05 | 3.44 | 2.86 | 14.45 | — | 3.39 |
| Jan 31, 2014 | 10.31 | 4.57 | 2.84 | 18.15 | — | 2.68 |
| Feb 1, 2013 | 6.02 | 3.46 | 2.14 | 12.37 | — | 2.17 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Sector (Media & Entertainment)
Meta Platforms Inc., P/BV, long-term trends, comparison to sector (media & entertainment)
| Meta Platforms Inc. | Media & Entertainment | |
|---|---|---|
| Jan 29, 2026 | 8.60 | — |
| Jan 30, 2025 | 9.53 | 6.75 |
| Feb 2, 2024 | 7.91 | 5.64 |
| Feb 2, 2023 | 3.89 | 4.09 |
| Feb 3, 2022 | 5.18 | 5.73 |
| Jan 28, 2021 | 5.88 | 5.47 |
| Jan 30, 2020 | 5.91 | 4.61 |
| Jan 31, 2019 | 5.65 | 4.53 |
| Feb 1, 2018 | 7.54 | 5.26 |
| Feb 3, 2017 | 6.39 | 4.46 |
| Jan 28, 2016 | 7.02 | 4.41 |
| Jan 29, 2015 | 6.05 | 3.78 |
| Jan 31, 2014 | 10.31 | 4.24 |
| Feb 1, 2013 | 6.02 | 3.00 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).
Comparison to Industry (Communication Services)
Meta Platforms Inc., P/BV, long-term trends, comparison to industry (communication services)
| Meta Platforms Inc. | Communication Services | |
|---|---|---|
| Jan 29, 2026 | 8.60 | — |
| Jan 30, 2025 | 9.53 | 5.56 |
| Feb 2, 2024 | 7.91 | 4.54 |
| Feb 2, 2023 | 3.89 | 3.41 |
| Feb 3, 2022 | 5.18 | 4.32 |
| Jan 28, 2021 | 5.88 | 4.24 |
| Jan 30, 2020 | 5.91 | 3.71 |
| Jan 31, 2019 | 5.65 | 3.49 |
| Feb 1, 2018 | 7.54 | 4.14 |
| Feb 3, 2017 | 6.39 | 3.98 |
| Jan 28, 2016 | 7.02 | 3.88 |
| Jan 29, 2015 | 6.05 | 3.70 |
| Jan 31, 2014 | 10.31 | 3.60 |
| Feb 1, 2013 | 6.02 | 2.84 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).