Netflix (NFLX) Price to Book (2009 - 2026)
Netflix's (NFLX) Price to Book was 9.76 for Q3 2026, down 50.2% from 19.57 a year earlier and down 1.1% from the prior quarter.
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Analysis
Netflix (NFLX) Price to Book (2009 - 2026) Analysis & Trends
For FY2025, Price to Book at Netflix was 14.87, down 3.5% from FY2024.
- By year, Price to Book came in at 15.41 in FY2024 (+50.6%), 10.23 in FY2023 (+61.9%), 6.32 in FY2022 (-62.5%) and 16.87 in FY2021 (-22.0%).
- The Q3 2026 figure ranks as the lowest quarterly Price to Book since Q3 2023.
- Year over year, Price to Book has now declined in each of the last four quarters, with growth averaging 9.3% over the last eight quarters.
- The high point for year-over-year Price to Book in five years was Q2 2023 (growth of 109.7%); the low point was Q2 2022 (a decline of 75.8%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 9.86 (Q2 2026), 13.01 (Q1 2026) and 14.87 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 3,462.85 Bn | 3,197.75 Bn | 76.16 Bn |
| 2 | Meta Platforms | 1,559.43 Bn | 1,223.94 Bn | 51.23 Bn |
| 3 | Netflix | 262.12 Bn | 223.42 Bn | 6.80 Bn |
| 4 | Alibaba Group Holding | 253.57 Bn | 67.20 Bn | 15.16 Bn |
| 5 | Shopify | 191.77 Bn | 170.57 Bn | 1.78 Bn |
| 6 | Uber Technologies | 139.89 Bn | 110.71 Bn | 6.42 Bn |
| 7 | AppLovin | 130.31 Bn | 118.84 Bn | 1.94 Bn |
| 8 | Spotify Technology | 123.80 Bn | 80.72 Bn | 1.89 Bn |
| 9 | Booking Holdings | 120.61 Bn | 54.35 Bn | - |
| 10 | PDD Holdings | 116.11 Bn | -127.94 Bn | 9.48 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.76 |
| Jun 30, 2026 | 9.86 |
| Mar 31, 2026 | 13.01 |
| Dec 31, 2025 | 14.87 |
| Sep 30, 2025 | 19.57 |
| Jun 30, 2025 | 22.80 |
| Mar 31, 2025 | 16.52 |
| Dec 31, 2024 | 15.41 |
| Sep 30, 2024 | 13.34 |
| Jun 30, 2024 | 13.10 |
| Mar 31, 2024 | 12.25 |
| Dec 31, 2023 | 10.23 |
| Sep 30, 2023 | 7.48 |
| Jun 30, 2023 | 8.55 |
| Mar 31, 2023 | 7.04 |
| Dec 31, 2022 | 6.32 |
| Sep 30, 2022 | 5.10 |
| Jun 30, 2022 | 4.08 |
| Mar 31, 2022 | 9.49 |
| Dec 31, 2021 | 16.87 |
API Access
Netflix 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=NFLX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "NFLX", "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=NFLX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();