Cash & Leverage
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.
Formula
Price / Book Value Per ShareP/B History
Historically priceyAbove avgAround avgBelow avgHistorically cheap
No data available
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 TDS P/B High or Low Right Now?
Telephone and Data Systems, Inc.'s P/B is currently 0.9, which is near historic high relative to its 10-year historical range. The 10-year median P/B for TDS is approximately 0.5. See all TDS valuation metrics →
Pro — up to 30-year history
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.