MSCI price to book ratio MSCI

Market value divided by the book value of the company's net assets, since 2010.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 40.7×; Feb 2019
10-year median: 33.7×
10-year range: 13.4× to 46.7×
Peer median: 4.2×

MSCI'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 Feb 2019, at 40.7×.

On the days it had one over the last ten years, its median was 33.7×, from 13.4× in Dec 2016 to 46.7× in Sep 2018.

Price to book ratio over time

median 33.7×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2019	40.7×	34.1×	40.7×
2018	33.8×	31.9×	46.7×
2017	31.6×	14.0×	35.8×
2016	13.4×	6.0×	15.8×
2015	6.6×	3.8×	6.6×
2014	3.9×	3.0×	3.9×
2013	3.4×	2.6×	3.5×
2012	2.6×	2.1×	3.5×
2011	3.1×	3.0×	4.5×
2010	4.5×	4.0×	4.6×

Against its peers

Companies in Financial - Data & Stock Exchanges nearest MSCI's size, closest first, today.

Company	Price to book ratio
MSCIMSCI	n/m
COINCoinbase Global	3.3×
CBOECboe Global Markets	6.3×
NDAQNasdaq	4.8×
MCOMoody's	27.7×
ICEIntercontinental Exchange	3.1×
CMECME	4.1×
TRUTransUnion	3.2×
SPGIS&P Global	4.2×
SNEXStoneX	2.4×
BGCBGC	5.1×
Peer median	4.2×

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 MSCI

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