RingCentral price to book ratio RNG

Market value divided by the book value of the company's net assets, since 2014.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 92.9×; Aug 2022
10-year median: 29.1×
10-year range: 12.4× to 135×
Peer median: 6.0×

RingCentral'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 2022, at 92.9×.

On the days it had one over the last ten years, its median was 29.1×, from 12.4× in Dec 2016 to 135× in May 2022.

Price to book ratio over time

median 29.1×

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
2022	92.9×	21.3×	135×
2021	106×	75.4×	133×
2020	114×	20.4×	120×
2019	38.4×	22.0×	40.5×
2018	21.3×	19.2×	31.6×
2017	23.1×	13.1×	23.4×
2016	12.4×	9.5×	16.1×
2015	16.3×	9.2×	16.9×
2014	10.0×	6.8×	21.5×

Against its peers

Companies in Software - Application nearest RingCentral's size, closest first, today.

Company	Price to book ratio
RNGRingCentral	n/m
TTDTrade Desk	2.4×
PEGAPegasystems	10.7×
HNGEHinge Health	26.1×
MTCHMatch	n/m
ESTCElastic	8.3×
DOCNDigitalOcean	11.8×
FDSFactset Research Systems	5.8×
PINSPinterest	4.4×
LIFLife360	6.0×
FAFirst Advantage	2.8×
Peer median	6.0×

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 RingCentral

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