What is SmartRent's price / book?

SmartRent (SMRT) reported price / book of 1.3× in Q1 2026.

How has SmartRent's price / book changed year-over-year?

SmartRent's price / book increased by 34.4% year-over-year, from 0.9× to 1.3×.

What is the long-term trend for SmartRent's price / book?

Over 4 years (2021 to 2025), SmartRent's price / book has grown at a -20.7% compound annual growth rate (CAGR), from 4.2× to 1.6×.

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.

SmartRent SMRT Price / book

Price / book at other companies

Alarm.com HoldingsALRM

2.5×-1.1×

CalixCALX

4.3×+1.2×

VenHub Global, Inc. VHUB

15.7×—

Mid-America Apartment CommunitiesMAA

2.6×-0.7×

ItronITRI

2.5×-0.7×

AppFolioAPPF

12.1×-5.2×

Other financials

Income statement

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Revenue$38.7M-6.4%

Gross profit$15.1M+11.5%

Operating income-$5.1M+87.7%

Net income-$4.4M+88.9%

EPS (diluted)-$0.02+90.5%

Balance sheet

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Cash & equivalents$98.8M-21.3%

Total debt$7.0M-7.8%

Total equity$230.7M-8.0%

Total assets$300.2M-18.0%

Cash flow

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Operating cash flow-$4.5M+62.7%

CapEx$30.0K-98.6%

Free cash flow-$4.6M+68.1%

Valuation

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Market cap$229.48M+27.8%

P/S1.5×+0.4×

Profitability

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Gross margin34.4%+1.5pp

Operating margin-18.6%-6.8pp

Net margin-16.6%-6.1pp

FCF margin-30.4%-43.6pp

Returns & leverage

See full

Return on equity-10.3%-3.6pp

Debt / equity0×0.0×

Current ratio3.9×+0.9×

Where this comes from

Calculated from SmartRent’s reported figures.

market cap/total stockholders equity=1.3×

Based on the most recent quarter.

The official record: SmartRent’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SmartRent's price / book?: SmartRent (SMRT) reported price / book of 1.3× in Q1 2026.
How has SmartRent's price / book changed year-over-year?: SmartRent's price / book increased by 34.4% year-over-year, from 0.9× to 1.3×.
What is the long-term trend for SmartRent's price / book?: Over 4 years (2021 to 2025), SmartRent's price / book has grown at a -20.7% compound annual growth rate (CAGR), from 4.2× to 1.6×.
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.