Netflix, Inc.NFLX

Where NFLX's P/B sits inside its own 10-year distribution, with the yearly high, low and average.

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NFLX P/B: current value, 10-year range and year-by-year history

11.4Historically cheap

NFLX's p/b is lower than 83% of the last 10 years.

P/B History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
NFLX P/B historyNFLX P/B from Sep 2023 to Sep 2026: low 7.05, high 24.06, latest 11.35.5.6910.6215.5520.4925.42Sep 23Apr 24Nov 24Jul 25Feb 26Sep 26med 13.74

NFLX P/B by year

Yearly range of NFLX’s p/b from 2016 to 2026. Over the full period it ranged from 4.1 to 46.7, averaging 18.8.

NFLX P/B — yearly low, average, high and year-end values
YearLowAverageHighYear-end
20269.612.516.111.4
202514.719.224.115.2
202410.213.618.115.8
20236.48.010.19.9
20224.17.217.26.5
202116.819.224.117.3
202017.822.627.122.2
201917.625.232.519.3
201821.133.946.723.1
201720.924.227.325.8
201617.120.122.321.5

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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.

FormulaPrice / Book Value Per Share
Full guide
How to read this chart

Most 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.

Key caveats
  • 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 NFLX P/B High or Low Right Now?

Netflix, Inc.'s P/B is currently 11.4, which is historically cheap relative to its 10-year historical range. The 10-year median P/B for NFLX is approximately 19.2. See all NFLX valuation metrics →

Pro — up to 30-year history

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