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The Trade Desk TTD Price / book

Price / book at other companies

Amazon logo
AmazonAMZN
5.1×-1.5×
Meta Platforms, Inc. logo
Meta Platforms, Inc.META
5.9×-2.0×
Applovin Corporation logo
Applovin CorporationAPP
56.8×-99.7×
Adobe logo
AdobeADBE
9.1×-6.3×
TransUnion logo
TransUnionTRU
2.8×-0.9×
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$688.9M+11.8%
Gross profit$506.9M+7.1%
Operating income$66.6M+22.4%
Net income$40.0M-21.1%
EPS (diluted)$0.08-20.0%

Balance sheet

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Cash & equivalents$878.4M-21.5%
Total debt$423.6M+26.5%
Total equity$2.5B-9.7%
Total assets$5.7B+0.5%

Cash flow

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Operating cash flow$391.8M+34.4%
CapEx$112.7M+90.7%
Free cash flow$279.1M+20.1%

Valuation

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Market cap$8.7B-60.2%
Enterprise value$8.25B-60.8%
P/E20.1×-33.0×
P/S2.9×-5.6×

Profitability

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Gross margin77.8%-2.3pp
Operating margin20.3%+2.6pp
Net margin14.6%-1.5pp
FCF margin28.4%+1.3pp

Returns & leverage

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Return on equity16.7%-0.1pp
Debt / equity0.2×0.0×
Current ratio1.7×-0.1×

Where this comes from

Calculated from The Trade Desk’s reported figures.

Based on the most recent quarter.

The official record: The Trade Desk’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is The Trade Desk's price / book?
The Trade Desk (TTD) reported price / book of 4.4× in Q1 2026.
How has The Trade Desk's price / book changed year-over-year?
The Trade Desk's price / book decreased by 55.9% year-over-year, from 10× to 4.4×.
What is the long-term trend for The Trade Desk's price / book?
Over 5 years (2020 to 2025), The Trade Desk's price / book has grown at a -27.9% compound annual growth rate (CAGR), from 38× to 7.4×.
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.