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Coupang CPNG Price / book

Price / book at other companies

Amazon logo
AmazonAMZN
5.1×-1.5×
DoorDash logo
DoorDashDASH
6.4×-2.8×
Rocket Companies logo
Rocket CompaniesRKT
1.7×+1.5×
Packaging Corp of America logo
Packaging Corp of AmericaPKG
4.1×+0.2×

Other financials

Income statement

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Revenue$8.5B+7.5%
Gross profit$2.3B-0.8%
Operating income-$242.0M-257%
Net income-$266.0M-349%
EPS (diluted)-$0.15-350%

Balance sheet

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Cash & equivalents$6.4B+3.1%
Total debt$5.4B+32.3%
Total equity$3.9B-10.2%
Total assets$17.4B+8.8%

Cash flow

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Operating cash flow$184.0M-48.0%
CapEx$296.0M+23.8%
Free cash flow-$112.0M-197%

Valuation

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Market cap$32.31B-12.8%
Enterprise value$31.32B-10.5%
P/S0.9×-0.3×

Profitability

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Gross margin28.8%-0.9pp
Operating margin0.2%-1.6pp
Net margin1.2%-2.4pp

Returns & leverage

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Return on equity8.7%-20.2pp
Debt / equity1.4×+0.4×
Current ratio-0.2×

Where this comes from

Calculated from Coupang’s reported figures.

Based on the most recent quarter.

The official record: Coupang’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coupang's price / book?
Coupang (CPNG) reported price / book of 8.8× in Q1 2026.
How has Coupang's price / book changed year-over-year?
Coupang's price / book decreased by 3.0% year-over-year, from 9.1× to 8.8×.
What is the long-term trend for Coupang's price / book?
Over 4 years (2021 to 2025), Coupang's price / book has grown at a -18.3% compound annual growth rate (CAGR), from 94.1× to 42×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.