What is Ondas, Inc. 's price / book?

Ondas, Inc. (ONDS) reported price / book of 3.9× in Q1 2026.

How has Ondas, Inc. 's price / book changed year-over-year?

Ondas, Inc. 's price / book decreased by 9.0% year-over-year, from 4.3× to 3.9×.

What is the long-term trend for Ondas, Inc. 's price / book?

Over 5 years (2020 to 2025), Ondas, Inc. 's price / book has grown at a -19.6% compound annual growth rate (CAGR), from 25.2× to 8.5×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Ondas, Inc. ONDS Price / book

Price / book at other companies

TTM TechnologiesTTMI

5.5×+4.2×

AeroVironmentAVAV

4.3×+0.7×

Kratos Defense & Security SolutionsKTOS

3.9×+0.6×

Other financials

Income statement

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Revenue$50.1M+1,080%

Gross profit$24.7M+1,557%

Operating income-$42.7M-314%

Net income$362.8M+2,666%

EPS (diluted)$0.56+473%

Balance sheet

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Cash & equivalents$1.0B+3,989%

Total debt$12.5M-64.8%

Total equity$1.1B+4,018%

Total assets$2.4B+2,232%

Cash flow

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Operating cash flow-$51.3M-670%

CapEx$1.3M+679%

Free cash flow-$52.6M-671%

Valuation

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Market cap$4.82B+3,648%

Enterprise value$3.8B+2,507%

P/E19.7×—

P/S49.9×+38.0×

Profitability

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Gross margin44.8%+24.2pp

Operating margin-93.9%-39.2pp

Net margin253.3%+158pp

FCF margin-89.6%-37.2pp

Returns & leverage

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Return on equity44.5%+25.0pp

Debt / equity0×-1.4×

Current ratio10.9×+10.1×

Where this comes from

Calculated from Ondas, Inc. ’s reported figures.

market cap/total stockholders equity=3.9×

Based on the most recent quarter.

The official record: Ondas, Inc. ’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ondas, Inc. 's price / book?: Ondas, Inc. (ONDS) reported price / book of 3.9× in Q1 2026.
How has Ondas, Inc. 's price / book changed year-over-year?: Ondas, Inc. 's price / book decreased by 9.0% year-over-year, from 4.3× to 3.9×.
What is the long-term trend for Ondas, Inc. 's price / book?: Over 5 years (2020 to 2025), Ondas, Inc. 's price / book has grown at a -19.6% compound annual growth rate (CAGR), from 25.2× to 8.5×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.