How are the values computed?

From the reported filings of all visible Fair Value Calculator stocks; the 25th, 50th and 75th percentile per sector and industry, as of October 14, 2026.

Valuation multiples › P/B ratio

P/B ratio by sector and industry

Price-to-book ratio: median and quartiles across 11 GICS sectors and 156 industries, from 27,874 valued stocks worldwide.

As of October 14, 2026 · updated daily · CSV JSON

What the numbers show

The lowest sector median is 0.74 (Real Estate, 1,422 values), the highest 2.25 (Information Technology, 2,661 values).

That is a factor of 3.0 between the two: the same ratio means different things in different sectors, so compare within the industry.

The middle sector (Consumer Discretionary) has a median of 1.40; half of its 2,650 stocks sit between 0.67 and 2.70.

P/B ratio by sector

Sector	P25	Median	P75	Values
Real Estate	0.40	0.74	1.24	1,422
Financials	0.72	1.12	1.78	2,694
Communication Services	0.55	1.18	2.61	666
Consumer Staples	0.71	1.40	2.59	1,297
Materials	0.68	1.40	2.60	2,721
Consumer Discretionary	0.67	1.40	2.70	2,650
Utilities	0.82	1.42	2.20	550
Energy	0.84	1.50	2.54	761
Industrials	0.77	1.60	3.07	4,161
Health Care	0.81	1.80	3.38	1,784
Information Technology	0.95	2.25	4.50	2,661

P/B ratio by industry (156)

Grouped by sector, sorted by median within each sector. Only industries with at least ten valued stocks.

Communication Services (7)

Industry	P25	Median	P75	Values
Broadcasting	0.54	0.68	1.31	34
Publishing	0.54	0.96	1.48	67
Entertainment	0.43	0.99	2.25	128
Electronic Gaming & Multimedia	0.44	1.17	3.18	103
Advertising Agencies	0.43	1.18	2.35	113
Internet Content & Information	0.76	1.60	3.04	83
Telecom Services	0.81	1.61	2.81	148

Consumer Discretionary (26)

Industry	P25	Median	P75	Values
Textiles	0.54	0.83	1.31	21
Recreational Vehicles	0.52	0.97	1.61	32
Residential Construction	0.63	1.01	1.59	56
Personal Services	0.54	1.03	2.25	22
Department Stores	0.54	1.06	2.26	87
Textile Manufacturing	0.61	1.08	1.99	253
Home Improvement Retail	0.94	1.22	2.29	25
Lodging	0.56	1.24	2.26	111
Gambling	0.84	1.27	3.21	22
Apparel Manufacturing	0.66	1.28	2.61	148
Resorts & Casinos	0.72	1.30	2.65	37
Auto & Truck Dealerships	0.75	1.31	2.51	67
Footwear & Accessories	0.61	1.31	2.48	74
Furnishings, Fixtures & Appliances	0.56	1.39	2.57	235
Auto Manufacturers	0.77	1.42	3.04	74
Leisure	0.85	1.47	2.74	126
Auto Parts	0.81	1.57	2.92	519
Education & Training Services	0.64	1.63	3.50	82
Specialty Retail	0.85	1.64	3.20	156
Restaurants	0.63	1.69	3.47	145
Apparel Retail	0.77	1.70	3.62	85
Consumer Electronics	0.59	1.71	2.96	84
Luxury Goods	0.88	1.71	3.28	106
Travel Services	0.96	2.01	3.27	56
Internet Retail	0.51	2.09	4.91	69
Discount Stores	2.72	3.82	9.34	20

Consumer Staples (12)

Industry	P25	Median	P75	Values
Agricultural Products	0.57	0.64	0.72	10
Farm Products	0.44	0.96	1.67	244
Confectioners	0.73	1.12	1.77	58
Beverages - Wineries & Distilleries	0.52	1.15	2.09	72
Food Distribution	0.58	1.42	2.56	64
Packaged Foods	0.80	1.48	2.55	484
Household & Personal Products	0.51	1.53	2.73	168
Pharmaceutical Retailers	0.82	1.64	2.93	41
Beverages - Brewers	1.30	1.85	2.63	40
Beverages - Non-Alcoholic	1.29	2.19	4.37	68
Grocery Stores	1.30	2.34	3.53	59
Tobacco	0.88	2.44	4.41	20

Energy (8)

Industry	P25	Median	P75	Values
Thermal Coal	0.82	1.06	1.96	76
Oil & Gas Equipment & Services	0.69	1.22	2.44	149
Oil & Gas Drilling	0.72	1.24	1.92	33
Oil & Gas E&P	0.85	1.43	2.53	240
Oil & Gas Refining & Marketing	0.89	1.55	2.57	87
Uranium	0.88	1.58	3.61	25
Oil & Gas Integrated	1.27	1.90	2.30	42
Oil & Gas Midstream	1.21	2.29	3.56	73

Financials (18)

Industry	P25	Median	P75	Values
REIT - Mortgage	0.32	0.47	0.80	37
Mortgage Finance	0.55	0.76	1.53	43
Asset Management	0.55	0.88	1.64	541
Diversified Financial Services	0.40	0.99	1.82	12
Credit Services	0.61	1.04	2.02	265
Banks - Regional	0.85	1.15	1.49	1,005
Financial Conglomerates	0.66	1.16	2.46	43
Insurance - Specialty	0.98	1.17	2.09	24
Capital Markets	0.69	1.19	2.39	366
Insurance - Reinsurance	0.86	1.22	1.62	23
Specialized Finance	0.83	1.33	1.78	10
Shell Companies	0.62	1.36	3.05	38
Insurance - Life	0.76	1.43	2.09	73
Insurance - Diversified	1.03	1.48	2.40	75
Insurance - Property & Casualty	0.92	1.58	2.38	100
Banks - Diversified	1.27	1.63	1.95	44
Insurance Brokers	1.75	2.67	5.53	16
Financial Data & Stock Exchanges	2.79	4.50	8.28	29

Health Care (11)

Industry	P25	Median	P75	Values
Medical Distribution	0.61	0.87	1.28	58
Pharmaceuticals	0.96	1.39	2.14	19
Medical Devices	0.65	1.73	3.24	257
Biotechnology	0.70	1.75	3.38	492
Medical Care Facilities	0.98	1.81	3.52	177
Drug Manufacturers - Specialty & Generic	0.88	1.87	3.13	421
Diagnostics & Research	0.80	1.88	4.56	91
Medical Instruments & Supplies	1.21	1.92	3.63	150
Health Information Services	0.88	1.93	3.78	89
Drug Manufacturers - General	1.30	2.42	5.47	52
Healthcare Plans	2.24	2.79	6.52	10

Industrials (26)

Industry	P25	Median	P75	Values
Conglomerates	0.40	0.93	1.85	253
Infrastructure Operations	0.60	1.01	1.74	32
Marine Shipping	0.72	1.12	1.78	207
Building Products & Equipment	0.64	1.18	2.54	192
Rental & Leasing Services	0.64	1.19	2.32	71
Trucking	0.85	1.22	2.07	37
Integrated Freight & Logistics	0.67	1.25	1.98	163
Engineering & Construction	0.58	1.28	2.65	622
Business Equipment & Supplies	0.59	1.35	2.13	55
Industrial Distribution	0.69	1.36	3.12	90
Waste Management	0.70	1.39	2.57	114
Construction & Engineering	1.23	1.44	2.25	13
Railroads	0.83	1.50	2.46	92
Pollution & Treatment Controls	0.65	1.50	2.34	68
Farm & Heavy Construction Machinery	0.99	1.59	2.37	126
Staffing & Employment Services	0.89	1.71	3.28	65
Airlines	1.11	1.75	2.64	43
Specialty Business Services	0.81	1.77	3.67	153
Metal Fabrication	0.76	1.77	3.30	203
Tools & Accessories	1.10	1.84	2.84	106
Airports & Air Services	1.24	1.88	2.89	36
Specialty Industrial Machinery	1.01	1.99	4.00	665
Consulting Services	0.91	2.21	3.46	42
Electrical Equipment & Parts	1.05	2.27	4.00	453
Industrial Machinery	1.80	2.50	3.45	15
Aerospace & Defense	1.76	3.16	5.43	189

Information Technology (13)

Industry	P25	Median	P75	Values
Solar	0.24	1.40	3.09	81
IT Services	0.61	1.43	2.88	18
Security & Protection Services	0.76	1.51	2.80	86
Electronics & Computer Distribution	0.89	1.61	2.70	137
Communication Equipment	0.88	2.02	4.02	235
Computer Hardware	0.79	2.04	4.05	176
Information Technology Services	0.98	2.09	3.64	334
Software - Application	0.81	2.27	4.55	427
Scientific & Technical Instruments	1.04	2.39	4.35	130
Software - Infrastructure	1.03	2.41	4.53	236
Electronic Components	1.15	2.53	4.71	519
Semiconductors	1.86	3.46	6.71	281
Semiconductor Equipment & Materials	1.89	4.56	9.11	161

Materials (17)

Industry	P25	Median	P75	Values
Lumber & Wood Production	0.29	0.74	1.38	61
Coking Coal	0.42	0.82	1.30	20
Paper & Paper Products	0.47	0.84	1.39	91
Other	0.27	0.91	1.85	30
Building Materials	0.49	0.93	1.70	211
Packaging & Containers	0.63	1.10	2.05	204
Containers & Packaging	0.52	1.11	1.60	16
Steel	0.59	1.15	2.03	314
Agricultural Inputs	0.76	1.30	2.07	143
Chemicals	0.71	1.43	2.55	265
Other Industrial Metals & Mining	0.64	1.43	2.74	345
Aluminum	1.03	1.57	2.42	70
Specialty Chemicals	0.92	1.73	2.99	574
Other Precious Metals & Mining	0.85	1.94	3.42	87
Gold	1.19	2.14	3.94	202
Copper	1.24	2.35	3.79	52
Silver	2.84	3.50	6.36	15

Real Estate (12)

Industry	P25	Median	P75	Values
REIT - Office	0.48	0.59	0.98	61
Real Estate - Diversified	0.28	0.63	1.06	105
Real Estate - Development	0.32	0.68	1.22	419
REIT - Diversified	0.50	0.72	0.99	120
Real Estate Services	0.41	0.73	1.30	420
REIT - Residential	0.41	0.84	1.48	42
REIT - Hotel & Motel	0.38	0.88	1.24	30
REIT - Industrial	0.73	0.92	1.18	51
REIT - Retail	0.68	1.00	1.44	87
Real Estate Development	0.84	1.09	5.03	12
REIT - Specialty	0.62	1.11	1.54	24
REIT - Healthcare Facilities	0.93	1.28	2.10	23

Utilities (6)

Industry	P25	Median	P75	Values
Utilities - Independent Power Producers	0.74	1.12	2.47	67
Utilities - Renewable	0.57	1.15	2.25	158
Utilities - Regulated Gas	0.99	1.42	2.07	77
Utilities - Regulated Electric	0.96	1.51	2.09	141
Utilities - Regulated Water	1.03	1.53	2.38	51
Utilities - Diversified	1.11	1.75	2.27	40

History of sector medians

Month	Real Estate	Financials	Communication Services	Consumer Staples	Materials	Consumer Discretionary	Utilities	Energy	Industrials	Health Care	Information Technology
2026-09	0.69	1.09	1.21	1.36	1.45	1.37	1.40	1.34	1.61	1.70	2.15
2026-10	0.77	1.16	1.25	1.48	1.48	1.45	1.44	1.48	1.70	1.85	2.36

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Cite or reuse this table

Suggested citation: Fair Value Calculator (2026): Price-to-book ratio by sector and industry, as of October 14, 2026. https://www.fairvalue-calculator.com/valuation-multiples/pb-ratio

Free to use under CC BY 4.0 with attribution. Raw data: CSV · JSON · API and embedding

Not financial advice. Metrics from reported filings (latest fiscal year or trailing twelve months), percentiles over the visible Fair Value Calculator universe; negative multiples are excluded and outliers beyond the 90th percentile are never the basis of a statement.