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UL Solutions ULS Price / book

Price / book at other companies

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FortiveFTV
2.8×+0.4×
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IES Holdings, Inc.IESC
8.9×+4.2×
TE Connectivity logo
TE ConnectivityTEL
3.6×
Applied Industrial Technologies logo
Applied Industrial TechnologiesAIT
5.3×+0.6×
RBC Bearings logo
RBC BearingsRBC
5.1×+1.8×
Sterling Infrastructure, Inc. logo
Sterling Infrastructure, Inc.STRL
10.5×+6.2×

Other financials

Income statement

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Revenue$758.0M+7.5%
Gross profit$381.0M+12.1%
Operating income$138.0M+26.6%
Net income$92.0M+37.3%
EPS (diluted)$0.45+36.4%

Balance sheet

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Cash & equivalents$258.0M-3.4%
Total debt$539.0M-36.1%
Total equity$1.3B+36.0%
Total assets$3.0B+2.7%

Cash flow

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Operating cash flow$219.0M+42.2%
CapEx$69.0M+35.3%
Free cash flow$150.0M+45.6%

Valuation

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Market cap$18.41B+52.6%
Enterprise value$18.69B+47.6%
P/E52.6×+16.8×
P/S5.9×+1.8×

Profitability

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Gross margin49.9%+1.3pp
Operating margin17.7%+1.2pp
Net margin11.3%-0.3pp
FCF margin14.5%+4.0pp

Returns & leverage

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Return on equity30.6%-10.5pp
Debt / equity0.4×-0.5×
Current ratio1.2×-0.1×

Where this comes from

Calculated from UL Solutions’s reported figures.

Based on the most recent quarter.

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

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Questions, answered.

What is UL Solutions's price / book?
UL Solutions (ULS) reported price / book of 13.1× in Q1 2026.
How has UL Solutions's price / book changed year-over-year?
UL Solutions's price / book increased by 12.2% year-over-year, from 11.6× to 13.1×.
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.