Space Exploration TechnologiesXSWX:SPCX -2.23%5 PB Ratio is 635.18 as of Jun. 24, 2026, which is 22% below its 10-year median of 817.01. GuruFocus rates XSWX:SPCX with a GF Score™ of 5/100. The stock has 2 warning signs investors should review. Among 339 Aerospace & Defense companies, Space Exploration Technologies ranks worse than 100% on this metric.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Space Exploration Technologies PB Ratio Related Terms
Space Exploration Technologies PB Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Space Exploration Technologies PB Ratio Chart
Space Exploration Technologies Annual Data
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XSWX:SPCX vs : PB Ratio Comparison
For the Aerospace & Defense subindustry, Space Exploration Technologies's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Space Exploration Technologies PB Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Space Exploration Technologies's PB Ratio distribution charts can be found below:
* The bar in red indicates where Space Exploration Technologies's PB Ratio falls into.
Space Exploration Technologies PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Space Exploration Technologies (XSWX:SPCX) has a PB Ratio of 635.18 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Space Exploration Technologies and its competitors. This is 22% below median its historical median of 817.01. Over the past decade, Space Exploration Technologies' PB Ratio has ranged from 774.54 to 939.09. According to the industry distribution chart, Space Exploration Technologies ranks #339 out of 339 companies in the Aerospace & Defense industry.
Is Space Exploration Technologies' PB Ratio too high?
Space Exploration Technologies' current PB Ratio of 635.18 is 22% below median its 10-year median of 817.01. Over the past 10 years, this metric has ranged from a low of 774.54 to a high of 939.09. The Aerospace & Defense industry median PB Ratio is 3.70. Space Exploration Technologies' value of 635.18 is 17067% above this industry median. Based on the distribution chart, Space Exploration Technologies ranks #339 out of 339 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Space Exploration Technologies has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Space Exploration Technologies' PB Ratio compare to ?
According to the Aerospace & Defense industry distribution chart, Space Exploration Technologies ranks #339 out of 339 companies for PB Ratio. This places Space Exploration Technologies in the lower half of its industry. The industry median PB Ratio is 3.70. Space Exploration Technologies' value of 635.18 is 17067% above this benchmark. Historically, Space Exploration Technologies' own PB Ratio has ranged from 774.54 to 939.09 over the past decade. While the company's 10-year median is 817.01 vs. the industry median of 3.70, Space Exploration Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Aerospace & Defense company?
The median PB Ratio among Aerospace & Defense companies is 3.70, based on 339 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Space Exploration Technologies's current PB Ratio of 635.18 is 17067% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Space Exploration Technologies and its competitors. For the Aerospace & Defense industry, the median PB Ratio is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Exploration Technologies's current PB Ratio is 635.18, which is 22% below median its own 10-year median of 817.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Exploration Technologies stock overvalued right now?
Space Exploration Technologies (XSWX:SPCX) has a current PB Ratio of 635.18. The current PB Ratio is 635.18, which is 22% below median its 10-year median of 817.01 and 17067% above the Aerospace & Defense industry median of 3.70. Space Exploration Technologies' overall GF Score™ is 5/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Space Exploration Technologies (XSWX:SPCX), the current PB Ratio is 635.18 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Space Exploration Technologies Business Description
Founded in 2002 and commonly known as SpaceX, the Space Exploration Technologies Corporation designs, manufactures, and operates a family of reusable rockets to launch various payloads into Earth orbit for government and commercial customers. Starting in 2019, the company began launching a constellation of its own communication satellites to provide mobile broadband and wireless services under the Starlink brand. In early 2026, the company acquired xAI from its founder, Elon Musk, which operates a large language artificial intelligence model named Grok, a gigawatt-scale data center called Colossus, and the social media network X.
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