Vertex price to book ratio VERX

Market value divided by the book value of the company's net assets, since 2020.

Today, Oct 23, 2026: 10.4×
6-year median: 13.4×
Against its 6-year history: 27th; percentile: 0 is its lowest day, 100 its highest
6-year range: 6.5× to 35.0×
Peer median: 3.6×

Vertex's price to book ratio is 10.4× as of Oct 23, 2026.

That is below its 6-year median of 13.4×, lower than on 73% of days in the last 6 years.

Over that time it ranged from 6.5× in Jun 2022 to 35.0× in Apr 2025.

The median for 10 infrastructure software stocks of a similar size is 3.6×.

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	10.4×	6.7×	12.0×
2025	12.3×	11.8×	35.0×
2024	31.7×	16.4×	33.9×
2023	18.7×	8.5×	19.9×
2022	10.2×	6.5×	13.0×
2021	10.5×	10.5×	26.1×
2020	23.3×	16.7×	23.3×

Against its peers

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

Company	Price to book ratio
VERXVertex	10.4×
BLKBBlackbaud	37.6×
NCNOnCino	2.6×
NTCTNetscout Systems	1.7×
BLBlackline	6.4×
ALRMAlarm.com	3.6×
MQMarqeta	2.7×
KDKyndryl	3.0×
SPSCSPS Commerce	3.6×
AGYSAgilysys	10.1×
AVPTAvePoint	8.0×
Peer median	3.6×

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 Vertex

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