Verano Holdings (VRNO) Price to Book (2021 - 2026)
Verano Holdings' Price to Book was 3.57 in Q3 2026, up 26.2% from 2.83 a year earlier but down 14.9% from the prior quarter.
Powered by 
Analysis
Verano Holdings (VRNO) Price to Book (2021 - 2026) Analysis & Trends
For FY2025, Price to Book at Verano Holdings came in at 3.25, up 14.4% from FY2024.
- In earlier years, Price to Book was 2.84 in FY2024 (-76.4%), 12.04 in FY2023 (+55.3%), 7.75 in FY2022 (-43.7%) and 13.78 in FY2021.
- Quarterly Price to Book has moved between 1.17 (Q2 2025) and 13.78 (Q4 2021) over five years.
- Compared with a year earlier, Price to Book has increased for four straight quarters, with growth averaging 12.5% over the last eight quarters.
- The best year-over-year quarter for Price to Book over five years was Q2 2026 (growth of 258.7%); the worst was Q1 2025 (a decline of 85.6%).
- Per Business Quant data, VRNO's Price to Book in the three quarters before Q3 2026 was 4.19 (Q2 2026), 2.95 (Q1 2026) and 3.25 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Philip Morris International | 310.09 Bn | 289.08 Bn | 7.85 Bn |
| 2 | British American Tobacco p.l.c | 143.09 Bn | 119.75 Bn | - |
| 3 | Altria | 130.85 Bn | 117.83 Bn | 3.94 Bn |
| 4 | RLX Technology | 2.40 Bn | -1.35 Bn | 52.74 Mn |
| 5 | Curaleaf Holdings | 2.08 Bn | 1.70 Bn | 170.48 Mn |
| 6 | Trulieve Cannabis | 1.86 Bn | 595.66 Mn | 148.02 Mn |
| 7 | Verano Holdings | 1.83 Bn | 1.48 Bn | 100.04 Mn |
| 8 | Green Thumb Industries | 1.49 Bn | 262.73 Mn | 146.79 Mn |
| 9 | Cronos | 1.24 Bn | -1.90 Bn | 32.28 Mn |
| 10 | Turning Point Brands | 1.10 Bn | 187.99 Mn | 85.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.57 |
| Jun 30, 2026 | 4.20 |
| Mar 31, 2026 | 2.95 |
| Dec 31, 2025 | 3.25 |
| Sep 30, 2025 | 3.40 |
| Jun 30, 2025 | 1.17 |
| Mar 31, 2025 | 1.50 |
| Dec 31, 2024 | 2.84 |
| Sep 30, 2024 | 5.93 |
| Jun 30, 2024 | 6.39 |
| Mar 31, 2024 | 10.41 |
| Dec 31, 2023 | 12.04 |
| Sep 30, 2023 | 11.55 |
| Jun 30, 2023 | 7.41 |
| Mar 31, 2023 | 7.28 |
| Dec 31, 2022 | 7.75 |
| Sep 30, 2022 | 5.07 |
| Jun 30, 2022 | 6.07 |
| Dec 31, 2021 | 13.78 |
API Access
Verano Holdings 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=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "VRNO", "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=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();