Twilio price to book ratio TWLO

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

Today, Oct 23, 2026: 4.5×
10-year median: 3.9×
Against its 10-year history: 56th; percentile: 0 is its lowest day, 100 its highest
10-year range: 0.7× to 38.0×
Peer median: 7.1×

Twilio's price to book ratio is 4.5× as of Oct 23, 2026.

That is above its ten-year median of 3.9×, close to the middle of its last ten years.

Over that time it ranged from 0.7× in Nov 2022 to 38.0× in Apr 2019.

The median for 10 infrastructure software stocks of a similar size is 7.1×.

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	4.5×	2.2×	5.0×
2025	2.7×	1.6×	2.7×
2024	2.0×	1.0×	2.1×
2023	1.4×	0.8×	1.4×
2022	0.9×	0.7×	3.7×
2021	4.2×	4.0×	11.4×
2020	8.9×	2.6×	10.8×
2019	3.2×	3.0×	38.0×
2018	19.6×	6.4×	21.5×
2017	6.2×	6.2×	10.7×
2016	9.5×	9.5×	20.4×

Against its peers

Companies in Software - Infrastructure nearest Twilio's size, closest first, today.

Company	Price to book ratio
TWLOTwilio	4.5×
ZSZscaler	16.0×
OKTAOkta	5.3×
XYZBlock	2.1×
MDBMongoDB	10.0×
VRSNVeriSign	n/m
CPAYCorpay	7.6×
RBRKRubrik	n/m
IOTSamsara	16.4×
FFIVF5	6.7×
PTCPTC	6.1×
Peer median	7.1×

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 Twilio

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