Basis: FMP quote market capitalization / revenue from four consecutive issuer fiscal quarters. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/S ratio high or low?
The P/S ratio of 15.50 is 115% above its estimated 5-year average of 7.19, around the middle of its estimated 5-year range (1.99–37.18).
As of 2026-10-06T12:50:21.103Z. 47.09% above its estimated 12-month average of 10.54.
Calculation as of: 2026-10-06T12:50:21.103Z.
Quote observation: 2026-10-05T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 8b4a3eec411172ef5ea6343195523a59a16bbab67eb0b09a3c3cdf82258b1615
Current P/S: FMP quote market capitalization / TTM revenue. Historical estimates use price and reported weighted-average shares; daily points use adjusted close × quarterly weighted-average shares / TTM revenue. Historical series through 2026-10-05.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
PS RATIO
15.50
PS RATIO AVG TTM
10.54
PS RATIO AVG 3Y
6.93
PS RATIO AVG 5Y
7.19
PS RATIO AVG 10Y
N/A
PS RATIO AVG 15Y
N/A
PS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+47.09%
CURRENT VS 3Y AVG
+123.56%
CURRENT VS 5Y AVG
+115.49%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
3.80
median of 313 covered companies
CURRENT VS SECTOR MEDIAN
+307.89%
vs the sector median at left
Adaptive Biotechnologies Corporation
Market Cap
$4.78B
PS Ratio
15.50
TTM Avg
10.54
3Y Avg
6.93
5Y Avg
7.19
Market Cap
$4.92B
PS Ratio
2586.38
TTM Avg
1806.21
3Y Avg
686.61
5Y Avg
531.46
Market Cap
$4.50B
PS Ratio
21.23
TTM Avg
15.09
3Y Avg
15.20
5Y Avg
15.20
Market Cap
$5.20B
PS Ratio
N/A
TTM Avg
12.01
3Y Avg
39.75
5Y Avg
43.00
| NAME | MARKET CAP | PS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Adaptive Biotechnologies Corporation (ADPT) | $4.78B | 15.50 | 10.54 | 6.93 | 7.19 |
| Definium Therapeutics, Inc. (DFTX)vs › | $4.81B | N/A | N/A | N/A | N/A |
| Dianthus Therapeutics, Inc. (DNTH)vs › | $4.92B | 2586.38 | 1806.21 | 686.61 | 531.46 |
| BillionToOne, Inc. (BLLN)vs › | $5.02B | 12.62 | 14.66 | 14.66 | 14.66 |
| Heartflow, Inc. Common Stock (HTFL)vs › | $4.50B | 21.23 | 15.09 | 15.20 | 15.20 |
| Indivior Pharmaceuticals Inc (INDV)vs › | $4.49B | 3.37 | 3.55 | 2.38 | 2.56 |
| Erasca, Inc. (ERAS)vs › | $5.11B | N/A | N/A | N/A | N/A |
| Scholar Rock Holding Corporation (SRRK)vs › | $5.20B | N/A | 12.01 | 39.75 | 43.00 |
| Merit Medical Systems, Inc. (MMSI)vs › | $5.20B | 3.29 | 3.11 | 3.69 | 3.59 |
| Edgewise Therapeutics, Inc. (EWTX)vs › | $4.34B | N/A | N/A | N/A | N/A |
Trailing-12-month revenue adds these four fiscal quarters. Amounts are in USD, rounded only to whole currency units.
| Fiscal period | Revenue | Source |
|---|---|---|
| Q3 FY2025Period ended 2025-09-30 | $93,973,000 | Filing link unavailableFMP normalized income statementFiling date supplied by FMP: 2025-11-05 |
| Q4 FY2025Period ended 2025-12-31 | $71,681,000 | Filing link unavailableFMP normalized income statementFiling date supplied by FMP: 2026-02-26 |
| Q1 FY2026Period ended 2026-03-31 | $70,874,000 | Filing link unavailableFMP normalized income statementFiling date supplied by FMP: 2026-05-05 |
| Q2 FY2026Period ended 2026-06-30 | $71,553,000 | Filing link unavailableFMP normalized income statementFiling date supplied by FMP: 2026-08-04 |
| TTM revenue | $308,081,000 |
Current P/S: $4,775,712,960 market capitalization ÷ $308,081,000 TTM revenue = 15.50x.
Market capitalization source: FMP quote. Quote observed 2026-10-05T20:00:01.000Z. Latest revenue period ended 2026-06-30.
Current market capitalization comes from the quote provider. EPS weighted-average shares are a separate measure.
At 15.50, P/S is near its estimated 7-year median — higher than 64% of readings in its estimated 7-year history.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
estimated 7-year low
1.99
median
9.52
estimated 7-year high
99.69
P/S Ratio
15.50
Market Cap / Trailing Twelve-Month Revenue
PS Ratio = Market Cap / Revenue (TTM)
The price-to-sales ratio compares market capitalization to trailing revenue. It is useful for valuing companies with little or no earnings.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PS RATIO |
|---|---|
| 2026-10-05 | 15.27 |
| 2026-10-02 | 14.51 |
| 2026-10-01 | 14.01 |
| 2026-09-30 | 14.79 |
| 2026-09-29 | 14.73 |
| 2026-09-28 | 14.59 |
| 2026-09-25 | 15.06 |
| 2026-09-24 | 15.14 |
| 2026-09-23 | 14.28 |
| 2026-09-22 | 14.36 |
| 2026-09-21 | 14.26 |
| 2026-09-18 | 14.64 |
| 2026-09-17 | 14.61 |
| 2026-09-16 | 14.16 |
| 2026-09-15 | 13.66 |
| 2026-09-14 | 12.68 |
| 2026-09-11 | 12.39 |
| 2026-09-10 | 12.40 |
| 2026-09-09 | 12.50 |
| 2026-09-08 | 12.46 |
| 2026-09-04 | 12.43 |
| 2026-09-03 | 12.58 |
| 2026-09-02 | 12.62 |
| 2026-09-01 | 12.46 |
| 2026-08-31 | 12.76 |
| 2026-08-28 | 12.89 |
| 2026-08-27 | 13.53 |
| 2026-08-26 | 13.39 |
| 2026-08-25 | 13.44 |
| 2026-08-24 | 13.08 |
| 2026-08-21 | 13.30 |
| 2026-08-20 | 13.02 |
| 2026-08-19 | 13.05 |
| 2026-08-18 | 12.57 |
| 2026-08-17 | 12.68 |
| 2026-08-14 | 12.66 |
| 2026-08-13 | 12.52 |
| 2026-08-12 | 12.92 |
| 2026-08-11 | 13.00 |
| 2026-08-10 | 13.03 |
| 2026-08-07 | 12.76 |
| 2026-08-06 | 12.08 |
| 2026-08-05 | 12.59 |
| 2026-08-04 | 12.92 |
| 2026-08-03 | 12.17 |
| 2026-07-31 | 11.88 |
| 2026-07-30 | 12.73 |
| 2026-07-29 | 11.88 |
| 2026-07-28 | 11.86 |
| 2026-07-27 | 11.87 |
| 2026-07-24 | 11.72 |
| 2026-07-23 | 11.75 |
| 2026-07-22 | 11.56 |
| 2026-07-21 | 11.89 |
| 2026-07-20 | 11.51 |
| 2026-07-17 | 12.07 |
| 2026-07-16 | 11.63 |
| 2026-07-15 | 12.06 |
| 2026-07-14 | 11.28 |
| 2026-07-13 | 11.07 |
| 2026-07-10 | 11.09 |
| 2026-07-09 | 11.48 |
| 2026-07-08 | 10.61 |
| 2026-07-07 | 10.96 |
| 2026-07-06 | 11.32 |
| 2026-07-02 | 11.16 |
| 2026-07-01 | 11.78 |
| 2026-06-30 | 11.29 |
| 2026-06-29 | 11.27 |
| 2026-06-26 | 11.03 |
| 2026-06-25 | 10.66 |
| 2026-06-24 | 10.18 |
| 2026-06-23 | 9.07 |
| 2026-06-22 | 9.14 |
| 2026-06-18 | 9.23 |
| 2026-06-17 | 8.83 |
| 2026-06-16 | 9.07 |
| 2026-06-15 | 9.19 |
| 2026-06-12 | 9.27 |
| 2026-06-11 | 9.86 |
| 2026-06-10 | 8.99 |
| 2026-06-09 | 9.14 |
| 2026-06-08 | 8.79 |
| 2026-06-05 | 8.90 |
| 2026-06-04 | 9.52 |
| 2026-06-03 | 8.42 |
| 2026-06-02 | 7.97 |
| 2026-06-01 | 8.02 |
| 2026-05-29 | 7.98 |
| 2026-05-28 | 8.00 |
| 2026-05-27 | 7.29 |
| 2026-05-26 | 7.44 |
| 2026-05-22 | 7.31 |
| 2026-05-21 | 7.30 |
| 2026-05-20 | 7.35 |
| 2026-05-19 | 6.82 |
| 2026-05-18 | 6.69 |
| 2026-05-15 | 6.75 |
| 2026-05-14 | 6.94 |
| 2026-05-13 | 6.91 |
| 2026-05-12 | 7.18 |
| 2026-05-11 | 7.13 |
| 2026-05-08 | 7.27 |
| 2026-05-07 | 7.73 |
| 2026-05-06 | 7.60 |
| 2026-05-05 | 7.62 |
| 2026-05-04 | 8.02 |
| 2026-05-01 | 7.89 |
| 2026-04-30 | 7.80 |
| 2026-04-29 | 7.48 |
| 2026-04-28 | 7.76 |
| 2026-04-27 | 7.86 |
| 2026-04-24 | 7.82 |
| 2026-04-23 | 7.64 |
| 2026-04-22 | 7.85 |
| 2026-04-21 | 7.86 |
| 2026-04-20 | 8.06 |
| 2026-04-17 | 8.00 |
| 2026-04-16 | 7.78 |
| 2026-04-15 | 8.03 |
| 2026-04-14 | 8.03 |
| 2026-04-13 | 7.81 |
| 2026-04-10 | 7.07 |
| 2026-04-09 | 7.41 |
| 2026-04-08 | 8.20 |
| 2026-04-07 | 7.58 |
| 2026-04-06 | 7.78 |
| 2026-04-02 | 8.19 |
| 2026-04-01 | 7.98 |
| 2026-03-31 | 7.67 |
| 2026-03-30 | 7.10 |
| 2026-03-27 | 6.86 |
| 2026-03-26 | 7.72 |
| 2026-03-25 | 7.82 |
| 2026-03-24 | 7.68 |
| 2026-03-23 | 7.55 |
| 2026-03-20 | 7.51 |
| 2026-03-19 | 7.46 |
| 2026-03-18 | 7.34 |
| 2026-03-17 | 7.40 |
| 2026-03-16 | 7.36 |
| 2026-03-13 | 7.28 |
| 2026-03-12 | 6.88 |
| 2026-03-11 | 7.86 |
| 2026-03-10 | 8.03 |
| 2026-03-09 | 8.27 |
| 2026-03-06 | 8.22 |
| 2026-03-05 | 8.81 |
| 2026-03-04 | 9.09 |
| 2026-03-03 | 8.89 |
| 2026-03-02 | 8.91 |
| 2026-02-27 | 8.86 |
| 2026-02-26 | 10.63 |
| 2026-02-25 | 10.46 |
| 2026-02-24 | 10.36 |
| 2026-02-23 | 9.93 |
| 2026-02-20 | 9.81 |
| 2026-02-19 | 10.36 |
| 2026-02-18 | 10.24 |
| 2026-02-17 | 10.19 |
| 2026-02-13 | 10.35 |
| 2026-02-12 | 10.03 |
| 2026-02-11 | 10.08 |
| 2026-02-10 | 10.10 |
| 2026-02-09 | 10.24 |
| 2026-02-06 | 10.18 |
| 2026-02-05 | 10.63 |
| 2026-02-04 | 11.17 |
| 2026-02-03 | 11.94 |
| 2026-02-02 | 11.87 |
| 2026-01-30 | 11.94 |
| 2026-01-29 | 11.86 |
| 2026-01-28 | 11.94 |
| 2026-01-27 | 12.41 |
| 2026-01-26 | 12.34 |
| 2026-01-23 | 11.97 |
| 2026-01-22 | 12.30 |
| 2026-01-21 | 11.34 |
| 2026-01-20 | 11.54 |
| 2026-01-16 | 11.31 |
| 2026-01-15 | 11.48 |
| 2026-01-14 | 11.65 |
| 2026-01-13 | 11.66 |
| 2026-01-12 | 11.79 |
| 2026-01-09 | 10.17 |
| 2026-01-08 | 10.30 |
| 2026-01-07 | 10.80 |
| 2026-01-06 | 10.40 |
| 2026-01-05 | 10.44 |
| 2026-01-02 | 10.27 |
| 2025-12-31 | 10.48 |
| 2025-12-30 | 10.60 |
| 2025-12-29 | 10.75 |
| 2025-12-26 | 10.78 |
| 2025-12-24 | 10.77 |
| 2025-12-23 | 10.81 |
| 2025-12-22 | 11.24 |
| 2025-12-19 | 10.97 |
| 2025-12-18 | 10.65 |
| 2025-12-17 | 10.41 |
| 2025-12-16 | 10.28 |
| 2025-12-15 | 10.13 |
| 2025-12-12 | 9.97 |
| 2025-12-11 | 9.95 |
| 2025-12-10 | 10.16 |
| 2025-12-09 | 9.59 |
| 2025-12-08 | 9.65 |
| 2025-12-05 | 9.52 |
| 2025-12-04 | 11.27 |
| 2025-12-03 | 11.06 |
| 2025-12-02 | 12.07 |
| 2025-12-01 | 12.16 |
| 2025-11-28 | 12.69 |
| 2025-11-26 | 12.73 |
| 2025-11-25 | 13.12 |
| 2025-11-24 | 13.21 |
| 2025-11-21 | 12.01 |
| 2025-11-20 | 10.54 |
| 2025-11-19 | 9.78 |
| 2025-11-18 | 8.88 |
| 2025-11-17 | 8.85 |
| 2025-11-14 | 9.10 |
| 2025-11-13 | 9.13 |
| 2025-11-12 | 9.36 |
| 2025-11-11 | 9.38 |
| 2025-11-10 | 9.50 |
| 2025-11-07 | 9.55 |
| 2025-11-06 | 10.04 |
| 2025-11-05 | 13.04 |
| 2025-11-04 | 12.54 |
| 2025-11-03 | 12.85 |
| 2025-10-31 | 12.87 |
| 2025-10-30 | 12.53 |
| 2025-10-29 | 12.45 |
| 2025-10-28 | 12.52 |
| 2025-10-27 | 12.69 |
| 2025-10-24 | 12.76 |
| 2025-10-23 | 12.72 |
| 2025-10-22 | 12.19 |
| 2025-10-21 | 12.86 |
| 2025-10-20 | 13.21 |
| 2025-10-17 | 12.08 |
| 2025-10-16 | 12.80 |
| 2025-10-15 | 12.68 |
| 2025-10-14 | 11.55 |
| 2025-10-13 | 11.49 |
| 2025-10-10 | 11.24 |
| 2025-10-09 | 11.60 |
| 2025-10-08 | 11.52 |
| 2025-10-07 | 10.63 |
| 2025-10-06 | 10.72 |
| 2025-10-03 | 10.66 |
| 2025-10-02 | 10.55 |
| 2025-10-01 | 10.79 |
| 2025-09-30 | 11.09 |
| 2025-09-29 | 9.97 |
| 2025-09-26 | 9.80 |
| 2025-09-25 | 9.73 |
| 2025-09-24 | 9.50 |
| 2025-09-23 | 10.32 |
Showing the most recent 260 of 1,828 data points. The chart above shows the full history.
These references are supplied through FMP. Full filing context identifiers and dimensional metadata are unavailable in the normalized feed.