HSY P/B: current value, 10-year range and year-by-year history
Cash & Leverage
HSY's p/b is lower than 95% of the last 10 years.
P/B History
HSY P/B by year
Yearly range of HSY’s p/b from 2016 to 2026. Over the full period it ranged from 6.2 to 29.4, averaging 15.7.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 7.4 | 8.5 | 10.4 | 7.9 |
| 2025 | 6.2 | 7.6 | 8.7 | 8.0 |
| 2024 | 7.3 | 9.4 | 10.4 | 7.3 |
| 2023 | 9.3 | 13.1 | 16.4 | 9.7 |
| 2022 | 14.4 | 15.6 | 16.7 | 15.5 |
| 2021 | 13.5 | 15.1 | 16.6 | 14.6 |
| 2020 | 13.4 | 16.6 | 19.4 | 14.3 |
| 2019 | 15.6 | 18.0 | 20.4 | 17.7 |
| 2018 | 16.1 | 20.2 | 26.0 | 16.1 |
| 2017 | 25.7 | 27.5 | 29.4 | 28.9 |
| 2016 | 21.6 | 23.5 | 27.6 | 23.6 |
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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.
Price / Book Value Per ShareMost useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.
- Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
- Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.
Is HSY P/B High or Low Right Now?
The Hershey Company's P/B is currently 7.9, which is near historic low relative to its 10-year historical range. The 10-year median P/B for HSY is approximately 15.6. See all HSY valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.