Stock Analysis on Net

Netflix Inc. (NASDAQ:NFLX)

$24.99

Price to Book Value (P/BV)
since 2005

Microsoft Excel

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Calculation

Netflix Inc., P/BV, long-term trends, calculation

Microsoft Excel

Based on: 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), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Netflix Inc. Annual Report.


The analysis of the share price, book value per share (BVPS), and price-to-book value (P/BV) ratio over the reported years reveals several important trends and insights for the company.

Share Price
The share price exhibited a general upward trajectory from the initial observations, starting at $0.36 in 2006 and reaching a peak near $97.19 by 2025. This reflects significant appreciation over the period, despite several intermittent fluctuations. Notably, there were periods of rapid increases, particularly from 2016 onward, indicating enhanced investor confidence or improved company performance during these years. However, some downward adjustments occurred around 2022 and 2023, suggesting possible market corrections or changes in company outlook during that interval.
Book Value per Share (BVPS)
The BVPS showed steady and consistent growth from $0.06 in 2006 to $5.78 in 2025. This upward trend implies a progressive increase in the company’s net asset value per share, indicative of strengthened financial health and accumulation of equity over time. The gradual rise without major declines signals stable internal value growth.
Price-to-Book Value (P/BV) Ratio
The P/BV ratio fluctuated considerably throughout the years, starting at 6.17 in 2006 and reaching a high at 42.87 in 2011, indicating periods where the market valued the company significantly above its book value. After this peak, the ratio showed a downward correction, falling to a range between approximately 7.82 and 22.89 from 2013 onwards. This volatility suggests changing investor perceptions regarding the company’s growth prospects or risk profile. The elevated P/BV ratios in earlier years may reflect speculative enthusiasm or expectations of future growth, while later moderation could imply a balance between market valuation and book value.

Overall, the company’s financial metrics illustrate strong growth in intrinsic book value alongside a substantially increased market valuation, albeit with varying degrees of market optimism reflected in the P/BV ratio. The combination of rising share prices and BVPS points to long-term value creation, while P/BV ratio variations highlight ongoing investor reassessments of the company’s market potential and risk.


Comparison to Competitors

Netflix Inc., P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 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), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Media & Entertainment)


Comparison to Industry (Communication Services)