Carvana price to book ratio CVNA

Market value divided by the book value of the company's net assets, since 2017.

Today, Oct 23, 2026: 15.8×
9-year median: 63.0×
Against its 9-year history: 6th; percentile: 0 is its lowest day, 100 its highest
9-year range: 2.8× to 181×
Peer median: 2.4×

Carvana's price to book ratio is 15.8× as of Oct 23, 2026.

That is below its 9-year median of 63.0×, lower than on 94% of days in the last 9 years.

Over that time it ranged from 2.8× in Dec 2022 to 181× in May 2019.

The median for 5 car dealers of a similar size is 2.4×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	15.8×	15.8×	45.2×
2025	41.9×	27.5×	97.0×
2024	73.1×	24.6×	95.5×
2023	31.2×	3.0×	32.2×
2022	3.3×	2.8×	90.3×
2021	104×	100×	160×
2020	95.6×	45.4×	158×
2019	140×	40.7×	181×
2018	42.0×	19.1×	101×
2017	90.0×	54.2×	103×

Against its peers

Companies in Auto - Dealerships nearest Carvana's size, closest first, today.

Company	Price to book ratio
CVNACarvana	15.8×
PAGPenske Automotive	2.4×
RRyder System	3.6×
MUSAMurphy USA	12.6×
KMXCarmax	1.2×
LADLithia Motors	1.0×
Peer median	2.4×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Carvana

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.