Array Digital Infrastructure (AD) Price to Book (2009 - 2026)
Array Digital Infrastructure's Price to Book was 2.47 in Q2 2026, up 106.8% from 1.19 a year earlier and up 15.3% from the prior quarter.
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Analysis
Array Digital Infrastructure (AD) Price to Book (2009 - 2026) Analysis & Trends
For FY2025, Price to Book at Array Digital Infrastructure came in at 1.80, up 54.9% from FY2024.
- Price to Book has now increased for three consecutive years.
- In earlier years, Price to Book was 1.16 in FY2024 (+52.6%), 0.76 in FY2023 (+96.2%), 0.39 in FY2022 (-34.7%) and 0.59 in FY2021 (-0.4%).
- The Q2 2026 figure marks the highest quarterly Price to Book in data going back to Q2 2009.
- Compared with a year earlier, Price to Book has increased for 12 straight quarters, with growth averaging 60.8% over the last eight quarters.
- The best year-over-year quarter for Price to Book over five years was Q2 2024 (growth of 213.4%); the worst was Q2 2023 (a decline of 39.4%).
- Per Business Quant data, AD's Price to Book in the three quarters before Q2 2026 was 2.14 (Q1 2026), 1.80 (Q4 2025) and 1.70 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | American Tower | 76.26 Bn | 75.99 Bn | 2.72 Bn |
| 2 | Digital Realty Trust | 64.98 Bn | 55.50 Bn | - |
| 3 | Crown Castle | 28.39 Bn | 27.14 Bn | 989.00 Mn |
| 4 | Sba Communications | 16.99 Bn | 17.07 Bn | 539.27 Mn |
| 5 | Lamar Advertising | 12.56 Bn | 12.38 Bn | 422.53 Mn |
| 6 | OUTFRONT Media | 4.89 Bn | 4.65 Bn | 276.40 Mn |
| 7 | Array Digital Infrastructure | 2.92 Bn | 1.81 Bn | 30.57 Mn |
| 8 | IHS Holding | 2.80 Bn | -57.74 Mn | 207.10 Mn |
| 9 | Fermi | 2.69 Bn | 1.82 Bn | - |
| 10 | Clear Channel Outdoor Holdings | 1.20 Bn | 488.27 Mn | 241.86 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.47 |
| Mar 31, 2026 | 2.14 |
| Dec 31, 2025 | 1.80 |
| Sep 30, 2025 | 1.70 |
| Jun 30, 2025 | 1.19 |
| Mar 31, 2025 | 1.28 |
| Dec 31, 2024 | 1.16 |
| Sep 30, 2024 | 1.02 |
| Jun 30, 2024 | 1.02 |
| Mar 31, 2024 | 0.66 |
| Dec 31, 2023 | 0.76 |
| Sep 30, 2023 | 0.79 |
| Jun 30, 2023 | 0.33 |
| Mar 31, 2023 | 0.38 |
| Dec 31, 2022 | 0.39 |
| Sep 30, 2022 | 0.48 |
| Jun 30, 2022 | 0.54 |
| Mar 31, 2022 | 0.56 |
| Dec 31, 2021 | 0.59 |
| Sep 30, 2021 | 0.60 |
API Access
Array Digital Infrastructure Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=AD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "AD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=AD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();