Riot PlatformsRIOT -3.46%64 PB Ratio is 4.24 as of Jun. 30, 2026, which is 148% above its 10-year median of 1.71. GuruFocus rates RIOT with a GF Score™ of 64/100 and a GF Value™ of $13.45 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 782 Capital Markets companies, Riot Platforms ranks worse than 85.68% on this metric.
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. As of today (2026-06-30), Riot Platforms's share price is $26.80. Riot Platforms's Book Value per Share for the quarter that ended in Mar. 2026 was $6.32. Hence, Riot Platforms's PB Ratio of today is 4.24.
Warning Sign:
Riot Platforms Inc stock PB Ratio (=4.39) is close to 3-year high of 4.52.
The historical rank and industry rank for Riot Platforms's PB Ratio or its related term are showing as below:
RIOT'
s PB Ratio Range Over the Past 10 Years
Min: 0.39 Med: 1.71 Max: 20.22
Current: 4.24
During the past 13 years, Riot Platforms's highest PB Ratio was 20.22. The lowest was 0.39. And the median was 1.71.
RIOT's PB Ratio is ranked worse than 85.68% of 782
companies
in the Capital Markets industry
Industry Median: 1.315
vs RIOT: 4.24
During the past 12 months, Riot Platforms's average Book Value Per Share Growth Rate was -24.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 10.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 17.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Riot Platforms was 208.30% per year. The lowest was -58.50% per year. And the median was -11.80% per year.
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.
Riot Platforms PB Ratio Related Terms
Riot Platforms PB Ratio Historical Data
* Premium members only.
The historical data trend for Riot Platforms's PB Ratio can be seen below:
* 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.
For the Capital Markets subindustry, Riot Platforms'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.
Riot Platforms PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Riot Platforms's PB Ratio distribution charts can be found below:
* The bar in red indicates where Riot Platforms's PB Ratio falls into.
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.
Riot Platforms's PB Ratio for today is calculated as follows:
* 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.
Riot Platforms (RIOT) has a PB Ratio of 4.24 as of Jun. 30, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Riot Platforms and its competitors. This is 148% above median its historical median of 1.71. Over the past decade, Riot Platforms' PB Ratio has ranged from 0.39 to 20.22. According to the industry distribution chart, Riot Platforms ranks #670 out of 782 companies in the Capital Markets industry, placing it in the top 85.7%.
Is Riot Platforms' PB Ratio too high?
Riot Platforms' current PB Ratio of 4.24 is 148% above median its 10-year median of 1.71. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 20.22. The Capital Markets industry median PB Ratio is 1.32. Riot Platforms' value of 4.24 is 222.4% above this industry median. Based on the distribution chart, Riot Platforms ranks #670 out of 782 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Riot Platforms has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Riot Platforms' PB Ratio compare to SNEX and SF?
According to the Capital Markets industry distribution chart, Riot Platforms ranks #670 out of 782 companies for PB Ratio. This places Riot Platforms in the lower half of its industry. The industry median PB Ratio is 1.32. Riot Platforms' value of 4.24 is 222.4% above this benchmark. Historically, Riot Platforms' own PB Ratio has ranged from 0.39 to 20.22 over the past decade. While the company's 10-year median is 1.71 vs. the industry median of 1.32, Riot Platforms 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 a Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.32, based on 782 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. Riot Platforms's current PB Ratio of 4.24 is 222.4% 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 Riot Platforms and its competitors. For the Capital Markets industry, the median PB Ratio is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Riot Platforms's current PB Ratio is 4.24, which is 148% above median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Riot Platforms stock overvalued right now?
Based on GuruFocus' analysis, Riot Platforms (RIOT) is currently considered Significantly Overvalued. The stock's GF Value™ is $13.45, compared to a current price of $26.80 — trading 99.3% above its estimated fair value. The current PB Ratio is 4.24, which is 148% above median its 10-year median of 1.71 and 222.4% above the Capital Markets industry median of 1.32. Riot Platforms' overall GF Score™ is 64/100 with 8 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 Riot Platforms (RIOT), the current PB Ratio is 4.24 as of Jun. 30, 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.
Is Riot Platforms (RIOT) Overvalued in 2026?
Based on GuruFocus' analysis, Riot Platforms stock appears to be overvalued.
The current stock price of $26.80 is trading 99.3% above its estimated GF Value™ of $13.45.
GuruFocus considers Riot Platforms to be Significantly Overvalued.
Key valuation signals for RIOT:
PB Ratio: 4.24 (148% above median its 10-year median of 1.71)
GF Value™: $13.45 vs. price of $26.80 (99.3% above fair value)
Industry Position: 222.4% above the Capital Markets median (#670 of 782)
No single metric tells the full story. See the RIOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Riot Platforms Inc is a vertically integrated digital infrastructure company principally engaged in developing and optimizing its large-scale power assets. The Company's business centers on enhancing its electrical infrastructure and deploying it across two complementary platforms: (i) Bitcoin Mining and (ii) scalable data center solutions designed to support non-mining workloads. The company's segments include Bitcoin Mining and Engineering. The Bitcoin Mining segment generates revenue from the Bitcoin the Company earns through its Bitcoin Mining activities. The Engineering segment generates revenue through customer contracts for custom engineered electrical products. It generates the majority of its revenue from the Bitcoin Mining segment.
64GF Score
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