SPS Commerce (SPSC)

P/B ratio as of January 2026 : 3.74

According to SPS Commerce 's latest financial reports the company has a price-to-book ratio of 4.91937.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

SPS Commerce - P/B ratio (from 2010 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	3.63	-55.44%
2024-12-31	8.16	-23.48%
2023-12-31	10.7	23.65%
2022-12-31	8.62	-18.48%
2021-12-31	10.6	16%
2020-12-31	9.11	67.39%
2019-12-31	5.44	21.53%
2018-12-31	4.48	54.22%
2017-12-31	2.90	-39.2%
2016-12-31	4.78	-9.6%
2015-12-31	5.28	17.07%
2014-12-31	4.51	-17.19%
2013-12-31	5.45	33.12%
2012-12-31	4.09	-22.16%
2011-12-31	5.26	22.25%
2010-12-31	4.30
2009-12-31	N/A
2008-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
IBM IBM	10.2	171.43%	🇺🇸 USA
Park City Group PCYG	3.90	4.31%	🇺🇸 USA
FICO FICO	-22.8	-710.32%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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SPS Commerce (SPSC) - P/B ratio