ZTS P/B: current value, 10-year range and year-by-year history
Cash & Leverage
ZTS's p/b is lower than 95% of the last 10 years.
P/B History
ZTS P/B by year
Yearly range of ZTS’s p/b from 2016 to 2026. Over the full period it ranged from 9.2 to 26.5, averaging 18.3.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 9.2 | 12.5 | 17.3 | 10.5 |
| 2025 | 9.5 | 13.8 | 16.6 | 16.6 |
| 2024 | 13.2 | 16.2 | 18.4 | 15.4 |
| 2023 | 13.8 | 17.4 | 19.3 | 17.9 |
| 2022 | 13.2 | 17.6 | 24.5 | 14.7 |
| 2021 | 18.2 | 21.2 | 25.5 | 25.5 |
| 2020 | 16.4 | 23.0 | 26.5 | 21.0 |
| 2019 | 18.1 | 22.1 | 25.7 | 23.5 |
| 2018 | 18.2 | 21.3 | 23.3 | 19.0 |
| 2017 | 15.4 | 17.6 | 19.2 | 17.6 |
| 2016 | 14.7 | 15.8 | 16.8 | 16.7 |
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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 ZTS P/B High or Low Right Now?
Zoetis Inc.'s P/B is currently 10.5, which is near historic low relative to its 10-year historical range. The 10-year median P/B for ZTS is approximately 18.1. See all ZTS valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.