Trade Desk price to book ratio TTD

Market value divided by the book value of the company's net assets, since 2016.

Today, Oct 23, 2026: 2.4×
10-year median: 17.0×
Against its 10-year history: 1st; percentile: 0 is its lowest day, 100 its highest
10-year range: 2.2× to 53.7×
Peer median: 7.2×

Trade Desk's price to book ratio is 2.4× as of Oct 23, 2026.

That is below its ten-year median of 17.0×, lower than on 99% of days in the last ten years.

Over that time it ranged from 2.2× in Oct 2026 to 53.7× in Dec 2020.

The median for 10 application software stocks of a similar size is 7.2×.

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	2.4×	2.2×	7.0×
2025	7.1×	6.8×	23.4×
2024	22.8×	15.2×	26.1×
2023	16.4×	10.8×	22.8×
2022	11.5×	11.5×	29.1×
2021	33.8×	22.7×	48.7×
2020	45.2×	11.9×	53.7×
2019	23.0×	15.1×	28.9×
2018	14.7×	8.1×	21.5×
2017	8.7×	7.3×	13.7×
2016	7.3×	6.7×	8.0×

Against its peers

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

Company	Price to book ratio
TTDTrade Desk	2.4×
PEGAPegasystems	10.7×
RNGRingCentral	n/m
HNGEHinge Health	26.1×
LIFLife360	6.0×
FAFirst Advantage	2.8×
MTCHMatch	n/m
ESTCElastic	8.3×
DOCNDigitalOcean	11.8×
MGNIMagnite	3.5×
FDSFactset Research Systems	5.8×
Peer median	7.2×

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 Trade Desk

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