Basis: FMP quote market capitalization / book value attributable to common shareholders (matching reported total stockholders equity minus preferred stock). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/B ratio high or low?
The P/B ratio of 2.04 is 18% below its estimated 1-year average of 2.48, near the low end of its estimated 1-year range (1.79–3.52).
As of 2026-10-06T12:05:24.747Z.
Calculation as of: 2026-10-06T12:05:24.747Z.
Quote observation: 2026-10-05T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 6ac0f7718e38414e938d0d293bbdd3741326646c7ebae4135e2c8e12d98e3a9c
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. 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.
PB RATIO
2.04
PB RATIO AVG TTM
N/A
PB RATIO AVG 3Y
N/A
PB RATIO AVG 5Y
N/A
PB RATIO AVG 10Y
N/A
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
2.64
median of 350 covered companies
CURRENT VS SECTOR MEDIAN
-22.73%
vs the sector median at left
Market Cap
$903.13M
PB Ratio
4.01
TTM Avg
10.91
3Y Avg
9.69
5Y Avg
6.24
Market Cap
$867.60M
PB Ratio
1.78
TTM Avg
3.75
3Y Avg
2.42
5Y Avg
2.06
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Aktis Oncology, Inc. (AKTS) | $989.05M | 2.04 | N/A | N/A | N/A |
| Cullinan Therapeutics, Inc. (CGEM)vs › | $985.79M | 3.06 | 2.19 | 1.54 | 1.38 |
| CeriBell, Inc. (CBLL)vs › | $943.26M | 7.35 | 4.82 | 4.14 | 4.14 |
| Teladoc Health, Inc. (TDOC)vs › | $1.05B | 0.80 | 0.89 | 0.99 | 1.02 |
| Arbutus Biopharma Corp (ABUS)vs › | $922.50M | 3.57 | 7.96 | 6.43 | 5.06 |
| Bioventus Inc. (BVS)vs › | $915.95M | 4.01 | 3.59 | 3.23 | 2.55 |
| Corvus Pharmaceuticals, Inc. (CRVS)vs › | $903.13M | 4.01 | 10.91 | 9.69 | 6.24 |
| Monte Rosa Therapeutics, Inc. (GLUE)vs › | $867.60M | 1.78 | 3.75 | 2.42 | 2.06 |
| Apnimed, Inc. (APMD)vs › | $866.15M | N/A | N/A | N/A | N/A |
| Amphastar Pharmaceuticals, Inc. (AMPH)vs › | $1.12B | 1.46 | 1.39 | 2.53 | 2.96 |
At 2.04, P/B is below its estimated 1-year median — higher than 14% of readings in its estimated 1-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 1-year low
1.79
median
2.45
estimated 1-year high
3.52
P/B Ratio
2.04
Market Price / Book Value per Share
PB Ratio = Market Cap / (Total Shareholders' Equity − Preferred Stock)
The price-to-book ratio compares market capitalization to book value attributable to common shareholders (total equity minus preferred stock). Lower values can indicate a cheaper valuation relative to net assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PB RATIO |
|---|---|
| 2026-10-05 | 2.11 |
| 2026-10-02 | 2.11 |
| 2026-10-01 | 2.11 |
| 2026-09-30 | 2.22 |
| 2026-09-29 | 2.25 |
| 2026-09-28 | 2.21 |
| 2026-09-25 | 2.22 |
| 2026-09-24 | 2.24 |
| 2026-09-23 | 2.25 |
| 2026-09-22 | 2.52 |
| 2026-09-21 | 2.45 |
| 2026-09-18 | 2.50 |
| 2026-09-17 | 2.61 |
| 2026-09-16 | 2.59 |
| 2026-09-15 | 2.56 |
| 2026-09-14 | 2.64 |
| 2026-09-11 | 2.66 |
| 2026-09-10 | 2.73 |
| 2026-09-09 | 2.75 |
| 2026-09-08 | 2.85 |
| 2026-09-04 | 3.09 |
| 2026-09-03 | 3.04 |
| 2026-09-02 | 3.07 |
| 2026-09-01 | 2.97 |
| 2026-08-31 | 2.96 |
| 2026-08-28 | 2.94 |
| 2026-08-27 | 2.99 |
| 2026-08-26 | 3.02 |
| 2026-08-25 | 3.05 |
| 2026-08-24 | 2.96 |
| 2026-08-21 | 2.75 |
| 2026-08-20 | 2.74 |
| 2026-08-19 | 2.85 |
| 2026-08-18 | 2.85 |
| 2026-08-17 | 2.82 |
| 2026-08-14 | 2.84 |
| 2026-08-13 | 2.60 |
| 2026-08-12 | 2.62 |
| 2026-08-11 | 2.71 |
| 2026-08-10 | 2.63 |
| 2026-08-07 | 2.64 |
| 2026-08-06 | 2.56 |
| 2026-08-05 | 2.47 |
| 2026-08-04 | 2.49 |
| 2026-08-03 | 2.43 |
| 2026-07-31 | 2.41 |
| 2026-07-30 | 2.51 |
| 2026-07-29 | 2.45 |
| 2026-07-28 | 2.51 |
| 2026-07-27 | 2.64 |
| 2026-07-24 | 2.61 |
| 2026-07-23 | 2.62 |
| 2026-07-22 | 2.71 |
| 2026-07-21 | 2.69 |
| 2026-07-20 | 2.62 |
| 2026-07-17 | 2.72 |
| 2026-07-16 | 2.73 |
| 2026-07-15 | 2.84 |
| 2026-07-14 | 2.75 |
| 2026-07-13 | 2.79 |
| 2026-07-10 | 3.04 |
| 2026-07-09 | 3.10 |
| 2026-07-08 | 3.13 |
| 2026-07-07 | 3.01 |
| 2026-07-06 | 2.90 |
| 2026-07-02 | 3.47 |
| 2026-07-01 | 3.37 |
| 2026-06-30 | 3.52 |
| 2026-06-29 | 3.29 |
| 2026-06-26 | 3.22 |
| 2026-06-25 | 3.40 |
| 2026-06-24 | 3.13 |
| 2026-06-23 | 2.95 |
| 2026-06-22 | 2.71 |
| 2026-06-18 | 2.63 |
| 2026-06-17 | 2.57 |
| 2026-06-16 | 2.47 |
| 2026-06-15 | 2.26 |
| 2026-06-12 | 2.40 |
| 2026-06-11 | 2.13 |
| 2026-06-10 | 2.03 |
| 2026-06-09 | 2.07 |
| 2026-06-08 | 2.07 |
| 2026-06-05 | 2.06 |
| 2026-06-04 | 2.17 |
| 2026-06-03 | 2.12 |
| 2026-06-02 | 2.21 |
| 2026-06-01 | 2.13 |
| 2026-05-29 | 2.27 |
| 2026-05-28 | 2.23 |
| 2026-05-27 | 2.18 |
| 2026-05-26 | 2.25 |
| 2026-05-22 | 2.22 |
| 2026-05-21 | 2.09 |
| 2026-05-20 | 2.08 |
| 2026-05-19 | 2.02 |
| 2026-05-18 | 2.03 |
| 2026-05-15 | 2.14 |
| 2026-05-14 | 2.13 |
| 2026-05-13 | 2.13 |
| 2026-05-12 | 2.15 |
| 2026-05-11 | 2.00 |
| 2026-05-08 | 2.03 |
| 2026-05-07 | 2.06 |
| 2026-05-06 | 2.19 |
| 2026-05-05 | 2.12 |
| 2026-05-04 | 2.08 |
| 2026-05-01 | 2.12 |
| 2026-04-30 | 2.05 |
| 2026-04-29 | 2.04 |
| 2026-04-28 | 2.03 |
| 2026-04-27 | 2.19 |
| 2026-04-24 | 2.32 |
| 2026-04-23 | 2.41 |
| 2026-04-22 | 2.40 |
| 2026-04-21 | 2.24 |
| 2026-04-20 | 2.28 |
| 2026-04-17 | 2.21 |
| 2026-04-16 | 2.03 |
| 2026-04-15 | 1.98 |
| 2026-04-14 | 1.95 |
| 2026-04-13 | 1.89 |
| 2026-04-10 | 1.84 |
| 2026-04-09 | 1.93 |
| 2026-04-08 | 1.85 |
| 2026-04-07 | 1.83 |
| 2026-04-06 | 1.79 |
| 2026-04-02 | 1.90 |
| 2026-04-01 | 1.86 |