SPOT P/B: current value, 10-year range and year-by-year history
Cash & Leverage
SPOT's p/b is lower than 83% of the last 10 years.
P/B History
SPOT P/B by year
Yearly range of SPOT’s p/b from 2018 to 2026. Over the full period it ranged from 6.0 to 162.1, averaging 18.2.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 8.8 | 10.5 | 12.9 | 10.2 |
| 2025 | 12.6 | 18.0 | 23.4 | 12.6 |
| 2024 | 12.9 | 16.6 | 21.4 | 16.3 |
| 2023 | 6.2 | 12.0 | 17.0 | 15.7 |
| 2022 | 6.0 | 9.8 | 19.5 | 6.5 |
| 2021 | 10.6 | 16.1 | 23.9 | 18.6 |
| 2020 | 9.6 | 15.9 | 22.4 | 17.5 |
| 2019 | 8.0 | 10.9 | 13.5 | 12.1 |
| 2018 | 9.0 | 62.0 | 162.1 | 9.0 |
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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 SPOT P/B High or Low Right Now?
Spotify Technology S.A.'s P/B is currently 10.2, which is historically cheap relative to its 10-year historical range. The 10-year median P/B for SPOT is approximately 13.9. See all SPOT valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.