System1 (SST) Price to Book (2022 - 2025)
System1's Price to Book was 1.52 in Q4 2025, up 29.9% from 1.17 a year earlier but down 7.3% from the prior quarter.
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Analysis
System1 (SST) Price to Book (2022 - 2025) Analysis & Trends
From Q1 2022 onward, System1 has reported Price to Book for 16 quarters.
- In earlier years, Price to Book was 1.17 in FY2024 (-2.1%), 1.20 in FY2023 (-12.0%) and 1.36 in FY2022.
- Quarterly Price to Book has moved between 0.53 (Q1 2025) and 2.24 (Q1 2022) over five years.
- Compared with a year earlier, Price to Book was higher in three of the last eight quarters, with growth averaging 10.7%.
- The best year-over-year quarter for Price to Book over five years was Q3 2024 (growth of 71.1%); the worst was Q3 2023 (a decline of 64.4%).
- Per Business Quant data, SST's Price to Book in the three quarters before Q4 2025 was 1.64 (Q3 2025), 1.02 (Q2 2025) and 0.53 (Q1 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Alphabet | 4,180.92 Bn | 3,938.44 Bn | 73.85 Bn |
| 2 | Meta Platforms | 1,847.76 Bn | 1,550.28 Bn | 49.47 Bn |
| 3 | Netflix | 289.73 Bn | 249.92 Bn | 6.52 Bn |
| 4 | Alibaba Group Holding | 249.81 Bn | 67.68 Bn | 15.11 Bn |
| 5 | Shopify | 192.08 Bn | 169.26 Bn | 1.71 Bn |
| 6 | Uber Technologies | 139.76 Bn | 111.74 Bn | 6.38 Bn |
| 7 | Booking Holdings | 122.41 Bn | 55.46 Bn | - |
| 8 | PDD Holdings | 110.94 Bn | -140.99 Bn | 9.45 Bn |
| 9 | Spotify Technology | 100.32 Bn | 57.56 Bn | 1.86 Bn |
| 10 | System1 | 26.68 Mn | -233.14 Mn | 24.27 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 1.52 |
| Sep 30, 2025 | 1.64 |
| Jun 30, 2025 | 1.02 |
| Mar 31, 2025 | 0.53 |
| Dec 31, 2024 | 1.17 |
| Sep 30, 2024 | 1.00 |
| Jun 30, 2024 | 1.06 |
| Mar 31, 2024 | 1.10 |
| Dec 31, 2023 | 1.20 |
| Sep 30, 2023 | 0.58 |
| Jun 30, 2023 | 1.31 |
| Mar 31, 2023 | 1.14 |
| Dec 31, 2022 | 1.36 |
| Sep 30, 2022 | 1.64 |
| Jun 30, 2022 | 1.08 |
| Mar 31, 2022 | 2.24 |
API Access
System1 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=SST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "SST", "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=SST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();