Atlassian price to book ratio TEAM

Market value divided by the book value of the company's net assets, since 2022.

Today, Oct 23, 2026: 54.4×
4-year median: 47.1×
Against its 4-year history: 54th; percentile: 0 is its lowest day, 100 its highest
4-year range: 9.5× to 90.0×
Peer median: 8.3×

Atlassian's price to book ratio is 54.4× as of Oct 23, 2026.

That is above its 4-year median of 47.1×, close to the middle of its last 4 years.

Over that time it ranged from 9.5× in Apr 2026 to 90.0× in Feb 2023.

The median for 10 application software stocks of a similar size is 8.3×.

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	54.4×	9.5×	54.4×
2025	31.1×	27.9×	77.7×
2024	63.3×	32.5×	82.5×
2023	79.2×	58.7×	90.0×
2022	68.4×	63.1×	78.3×

Against its peers

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

Company	Price to book ratio
TEAMAtlassian	54.4×
MSTRStrategy	1.8×
ADSKAutodesk	15.6×
VEEVVeeva Systems	7.0×
WDAYWorkday	7.8×
ROPRoper Technologies	2.3×
APPAppLovin	27.5×
CDNSCadence Design Systems	12.7×
INTUIntuit	4.8×
DDOGDatadog	22.2×
ADBEAdobe	8.7×
Peer median	8.3×

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 Atlassian

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