T3 Defense price to book ratio DFNS
Market value divided by the book value of the company's net assets, since 2020.
- Today, Oct 23, 2026
- n/m
- not a meaningful number
- Last meaningful
- 0.5×
- Aug 2026
- 6-year median
- 12.2×
- 6-year range
- 0.1× to 12.6×
- Peer median
- 2.3×
T3 Defense's price to book ratio is not a meaningful number today: shareholders' equity was zero, negative or not reported, so price to book does not exist.
It was last meaningful in Aug 2026, at 0.5×.
On the days it had one over the last 6 years, its median was 12.2×, from 0.1× in Jul 2026 to 12.6× in Feb 2021.
Price to book ratio over time
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 0.5× | 0.1× | 0.7× |
| 2025 | n/m a value too high to mean anything | ||
| 2024 | n/m a value too high to mean anything | ||
| 2023 | n/m a value too high to mean anything | ||
| 2022 | n/m a value too high to mean anything | ||
| 2021 | 12.4× | 12.1× | 12.6× |
| 2020 | 12.2× | 11.9× | 12.3× |
Against its peers
Companies in Industrials nearest T3 Defense's size, closest first, today.
| Company | Price to book ratio |
|---|---|
| DFNST3 Defense | n/m |
| AERTAeries Technology | n/m |
| MAMOMassimo | 1.6× |
| ACFNAcorn Energy | 4.9× |
| CVUCPI Aerostructures | 2.3× |
| Peer median | 2.3× |
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 T3 Defense
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.