Visa price to book ratio V

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026: 21.7×
10-year median: 12.2×
Against its 10-year history: 100th; percentile: 0 is its lowest day, 100 its highest
10-year range: 5.4× to 21.7×
Peer median: 5.9×

Visa's price to book ratio is 21.7× as of Oct 23, 2026.

That is above its ten-year median of 12.2×, higher than on 100% of days in the last ten years.

Over that time it ranged from 5.4× in Dec 2016 to 21.7× in Oct 2026.

The median for 3 credit services stocks of a similar size is 5.9×.

Price to book ratio over time

median 12.2×

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
2026 so far	21.7×	14.5×	21.7×
2025	17.9×	15.4×	18.9×
2024	16.0×	12.9×	16.0×
2023	13.5×	11.9×	13.5×
2022	12.0×	10.4×	13.2×
2021	12.2×	11.0×	14.1×
2020	12.9×	8.9×	12.9×
2019	11.8×	8.7×	11.8×
2018	8.5×	7.9×	10.0×
2017	7.9×	5.8×	8.0×
2016	5.5×	5.4×	6.6×
2015	6.3×	5.6×	6.7×
2014	6.0×	4.6×	6.0×
2013	5.2×	3.8×	5.2×
2012	3.6×	2.6×	3.7×
2011	2.6×	2.0×	2.7×
2010	2.0×	1.9×	3.0×
2009	2.8×	2.1×	2.8×

Against its peers

Companies in Financial - Credit Services nearest Visa's size, closest first, today.

Company	Price to book ratio
VVisa	21.7×
MAMastercard	97.4×
AXPAmerican Express	5.9×
COFCapital One Financial	1.1×
Peer median	5.9×

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 Visa

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