Trade Desk (TTD) Price to Book (2016 - 2026)
Trade Desk's (TTD) Price to Book was 3.30 for Q2 2026, down 74.8% from 13.08 a year earlier and down 24.3% from the prior quarter.
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Analysis
Trade Desk (TTD) Price to Book (2016 - 2026) Analysis & Trends
For FY2025, Price to Book at Trade Desk was 7.27, down 63.2% from FY2024.
- By year, Price to Book came in at 19.77 in FY2024 (+21.6%), 16.26 in FY2023 (+56.4%), 10.39 in FY2022 (-60.6%) and 26.35 in FY2021 (-21.3%).
- The Q2 2026 figure ranks as the lowest quarterly Price to Book in data going back to Q3 2016.
- Year over year, Price to Book has now declined in each of the last six quarters, with an average decline of 37.0% over the last eight quarters.
- The high point for year-over-year Price to Book in five years was Q2 2023 (growth of 74.8%); the low point was Q2 2026 (a decline of 74.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 4.36 (Q1 2026), 7.27 (Q4 2025) and 9.13 (Q3 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 | Trade Desk | 5.72 Bn | 75.78 Mn | 530.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.30 |
| Mar 31, 2026 | 4.36 |
| Dec 31, 2025 | 7.27 |
| Sep 30, 2025 | 9.13 |
| Jun 30, 2025 | 13.08 |
| Mar 31, 2025 | 9.90 |
| Dec 31, 2024 | 19.77 |
| Sep 30, 2024 | 20.61 |
| Jun 30, 2024 | 19.96 |
| Mar 31, 2024 | 19.72 |
| Dec 31, 2023 | 16.26 |
| Sep 30, 2023 | 17.77 |
| Jun 30, 2023 | 18.27 |
| Mar 31, 2023 | 15.32 |
| Dec 31, 2022 | 10.39 |
| Sep 30, 2022 | 13.90 |
| Jun 30, 2022 | 10.45 |
| Mar 31, 2022 | 18.55 |
| Dec 31, 2021 | 26.35 |
| Sep 30, 2021 | 23.53 |
API Access
Trade Desk 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=TTD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "TTD", "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=TTD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();