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Watsco price to book ratio WSO

Market value divided by the book value of the company's net assets, since 2010.

Today, Oct 23, 2026
4.4×
10-year median
5.8×
Against its 10-year history
10th
percentile: 0 is its lowest day, 100 its highest
10-year range
3.7× to 8.3×
Peer median
4.5×

Watsco's price to book ratio is 4.4× as of Oct 23, 2026.

That is below its ten-year median of 5.8×, lower than on 90% of days in the last ten years.

Over that time it ranged from 3.7× in Dec 2018 to 8.3× in Nov 2024.

The median for 10 industrial distribution stocks of a similar size is 4.5×.

Price to book ratio over time

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

YearEnd of yearLowHigh
2026 so far4.4×3.9×6.4×
20255.0×4.9×7.8×
20247.2×6.8×8.3×
20237.6×5.3×7.7×
20225.1×5.1×7.2×
20217.4×6.1×7.8×
20205.9×3.9×6.6×
20194.8×3.8×4.9×
20183.8×3.7×6.2×
20175.8×4.8×5.8×
20165.1×4.1×5.4×
20154.3×4.2×5.1×
20144.2×3.4×4.3×
20134.0×2.8×4.4×
20122.7×2.6×3.4×
20112.7×2.1×3.1×
20102.7×2.2×2.7×

Against its peers

Companies in Industrial - Distribution nearest Watsco's size, closest first, today.

CompanyPrice to book ratio
WSOWatsco4.4×
AITApplied Industrial Technologies6.2×
WCCWESCO International3.0×
CNMCore & Main3.9×
POOLPool5.7×
MSMMSC Industrial Direct4.5×
SITESiteOne Landscape Supply2.7×
LKQLKQ0.7×
FERGFergusonn/m
FASTFastenal14.6×
GWWW.W. Grainger15.4×
Peer median4.5×

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 Watsco

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