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 6.55 is 52% below its estimated 5-year average of 13.71, near the low end of its estimated 5-year range (3.51–38.01).
As of 2026-10-06T22:40:29.719Z. 68.09% below its estimated 12-month average of 20.53.
Calculation as of: 2026-10-06T22:40:29.719Z.
Quote observation: 2026-10-06T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 5634534592ddc0dff26210766547620705b04d4b3456080b551355077da80429
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
6.55
PB RATIO AVG TTM
20.53
PB RATIO AVG 3Y
18.19
PB RATIO AVG 5Y
13.71
PB RATIO AVG 10Y
N/A
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-68.09%
CURRENT VS 3Y AVG
-63.98%
CURRENT VS 5Y AVG
-52.22%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
2.39
median of 761 covered companies
CURRENT VS SECTOR MEDIAN
+174.06%
vs the sector median at left
Market Cap
$1.74B
PB Ratio
N/A
TTM Avg
90.35
3Y Avg
69.93
5Y Avg
29.82
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Alignment Healthcare, Inc. (ALHC) | $1.74B | 6.55 | 20.53 | 18.19 | 13.71 |
| Xeris Biopharma Holdings, Inc. (XERS)vs › | $1.74B | N/A | 90.35 | 69.93 | 29.82 |
| Absci Corporation (ABSI)vs › | $1.74B | 7.07 | 4.16 | 2.63 | 2.00 |
| Novocure Ltd (NVCR)vs › | $1.74B | 5.16 | 4.80 | 5.01 | 9.97 |
| Intellia Therapeutics, Inc. (NTLA)vs › | $1.73B | 2.38 | 2.19 | 1.95 | 3.16 |
| Surgery Partners, Inc. (SGRY)vs › | $1.75B | 1.05 | 1.15 | 1.54 | 2.12 |
| Personalis, Inc. (PSNL)vs › | $1.71B | 7.28 | 4.56 | 2.49 | 1.84 |
| DENTSPLY SIRONA Inc. (XRAY)vs › | $1.71B | 1.26 | 1.63 | 1.68 | 1.82 |
| Generate Biomedicines, Inc. (GENB)vs › | $1.77B | 3.88 | N/A | N/A | N/A |
| Zenas BioPharma, Inc. (ZBIO)vs › | $1.70B | 6.88 | 5.40 | 3.64 | 3.64 |
At 6.55, P/B is below its estimated 5-year median — higher than 27% of readings in its estimated 5-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 5-year low
3.51
median
9.86
estimated 5-year high
38.01
P/B Ratio
6.55
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 | 6.89 |
| 2026-10-02 | 6.44 |
| 2026-10-01 | 6.28 |
| 2026-09-30 | 6.62 |
| 2026-09-29 | 6.42 |
| 2026-09-28 | 6.43 |
| 2026-09-25 | 6.66 |
| 2026-09-24 | 6.22 |
| 2026-09-23 | 6.37 |
| 2026-09-22 | 6.48 |
| 2026-09-21 | 6.76 |
| 2026-09-18 | 6.77 |
| 2026-09-17 | 7.06 |
| 2026-09-16 | 7.06 |
| 2026-09-15 | 8.41 |
| 2026-09-14 | 10.49 |
| 2026-09-11 | 10.23 |
| 2026-09-10 | 10.35 |
| 2026-09-09 | 10.57 |
| 2026-09-08 | 10.92 |
| 2026-09-04 | 10.98 |
| 2026-09-03 | 10.99 |
| 2026-09-02 | 11.02 |
| 2026-09-01 | 11.02 |
| 2026-08-31 | 10.87 |
| 2026-08-28 | 11.05 |
| 2026-08-27 | 11.00 |
| 2026-08-26 | 11.27 |
| 2026-08-25 | 11.02 |
| 2026-08-24 | 10.89 |
| 2026-08-21 | 10.67 |
| 2026-08-20 | 10.49 |
| 2026-08-19 | 10.36 |
| 2026-08-18 | 10.73 |
| 2026-08-17 | 10.92 |
| 2026-08-14 | 11.32 |
| 2026-08-13 | 10.92 |
| 2026-08-12 | 10.96 |
| 2026-08-11 | 10.71 |
| 2026-08-10 | 11.18 |
| 2026-08-07 | 11.65 |
| 2026-08-06 | 10.85 |
| 2026-08-05 | 11.09 |
| 2026-08-04 | 10.96 |
| 2026-08-03 | 11.81 |
| 2026-07-31 | 12.04 |
| 2026-07-30 | 19.17 |
| 2026-07-29 | 18.84 |
| 2026-07-28 | 18.99 |
| 2026-07-27 | 19.23 |
| 2026-07-24 | 20.02 |
| 2026-07-23 | 20.60 |
| 2026-07-22 | 21.40 |
| 2026-07-21 | 22.15 |
| 2026-07-20 | 21.74 |
| 2026-07-17 | 21.22 |
| 2026-07-16 | 20.63 |
| 2026-07-15 | 21.56 |
| 2026-07-14 | 21.84 |
| 2026-07-13 | 21.00 |
| 2026-07-10 | 20.43 |
| 2026-07-09 | 21.66 |
| 2026-07-08 | 20.63 |
| 2026-07-07 | 24.78 |
| 2026-07-06 | 25.30 |
| 2026-07-02 | 24.52 |
| 2026-07-01 | 24.73 |
| 2026-06-30 | 24.53 |
| 2026-06-29 | 23.96 |
| 2026-06-26 | 23.89 |
| 2026-06-25 | 23.40 |
| 2026-06-24 | 22.34 |
| 2026-06-23 | 22.31 |
| 2026-06-22 | 21.93 |
| 2026-06-18 | 22.52 |
| 2026-06-17 | 22.07 |
| 2026-06-16 | 21.22 |
| 2026-06-15 | 20.38 |
| 2026-06-12 | 20.35 |
| 2026-06-11 | 20.85 |
| 2026-06-10 | 21.18 |
| 2026-06-09 | 19.78 |
| 2026-06-08 | 15.81 |
| 2026-06-05 | 15.83 |
| 2026-06-04 | 15.52 |
| 2026-06-03 | 14.68 |
| 2026-06-02 | 14.05 |
| 2026-06-01 | 13.70 |
| 2026-05-29 | 15.78 |
| 2026-05-28 | 16.35 |
| 2026-05-27 | 16.41 |
| 2026-05-26 | 16.51 |
| 2026-05-22 | 16.84 |
| 2026-05-21 | 16.86 |
| 2026-05-20 | 17.16 |
| 2026-05-19 | 16.85 |
| 2026-05-18 | 16.77 |
| 2026-05-15 | 16.20 |
| 2026-05-14 | 17.06 |
| 2026-05-13 | 18.82 |
| 2026-05-12 | 18.93 |
| 2026-05-11 | 17.68 |
| 2026-05-08 | 18.47 |
| 2026-05-07 | 18.80 |
| 2026-05-06 | 18.69 |
| 2026-05-05 | 18.85 |
| 2026-05-04 | 19.84 |
| 2026-05-01 | 20.87 |
| 2026-04-30 | 25.27 |
| 2026-04-29 | 24.35 |
| 2026-04-28 | 24.55 |
| 2026-04-27 | 23.49 |
| 2026-04-24 | 23.69 |
| 2026-04-23 | 23.35 |
| 2026-04-22 | 23.55 |
| 2026-04-21 | 24.17 |
| 2026-04-20 | 24.17 |
| 2026-04-17 | 23.79 |
| 2026-04-16 | 23.34 |
| 2026-04-15 | 23.45 |
| 2026-04-14 | 23.86 |
| 2026-04-13 | 23.52 |
| 2026-04-10 | 22.98 |
| 2026-04-09 | 23.97 |
| 2026-04-08 | 23.89 |
| 2026-04-07 | 24.28 |
| 2026-04-06 | 20.93 |
| 2026-04-02 | 21.03 |
| 2026-04-01 | 20.01 |
| 2026-03-31 | 19.75 |
| 2026-03-30 | 18.89 |
| 2026-03-27 | 18.63 |
| 2026-03-26 | 18.96 |
| 2026-03-25 | 19.71 |
| 2026-03-24 | 19.53 |
| 2026-03-23 | 19.63 |
| 2026-03-20 | 19.44 |
| 2026-03-19 | 20.36 |
| 2026-03-18 | 20.39 |
| 2026-03-17 | 20.09 |
| 2026-03-16 | 19.63 |
| 2026-03-13 | 19.05 |
| 2026-03-12 | 19.19 |
| 2026-03-11 | 20.19 |
| 2026-03-10 | 20.29 |
| 2026-03-09 | 20.42 |
| 2026-03-06 | 20.67 |
| 2026-03-05 | 20.82 |
| 2026-03-04 | 21.16 |
| 2026-03-03 | 20.68 |
| 2026-03-02 | 22.03 |
| 2026-02-27 | 21.55 |
| 2026-02-26 | 26.36 |
| 2026-02-25 | 25.98 |
| 2026-02-24 | 25.30 |
| 2026-02-23 | 25.69 |
| 2026-02-20 | 26.59 |
| 2026-02-19 | 26.90 |
| 2026-02-18 | 26.47 |
| 2026-02-17 | 26.58 |
| 2026-02-13 | 26.06 |
| 2026-02-12 | 25.88 |
| 2026-02-11 | 26.32 |
| 2026-02-10 | 26.63 |
| 2026-02-09 | 26.80 |
| 2026-02-06 | 28.07 |
| 2026-02-05 | 27.30 |
| 2026-02-04 | 27.53 |
| 2026-02-03 | 29.54 |
| 2026-02-02 | 29.23 |
| 2026-01-30 | 29.08 |
| 2026-01-29 | 29.04 |
| 2026-01-28 | 28.50 |
| 2026-01-27 | 27.05 |
| 2026-01-26 | 30.73 |
| 2026-01-23 | 30.73 |
| 2026-01-22 | 30.47 |
| 2026-01-21 | 30.07 |
| 2026-01-20 | 29.35 |
| 2026-01-16 | 29.04 |
| 2026-01-15 | 29.04 |
| 2026-01-14 | 28.07 |
| 2026-01-13 | 27.00 |
| 2026-01-12 | 27.47 |
| 2026-01-09 | 26.82 |
| 2026-01-08 | 27.04 |
| 2026-01-07 | 27.01 |
| 2026-01-06 | 27.49 |
| 2026-01-05 | 27.10 |
| 2026-01-02 | 26.10 |
| 2025-12-31 | 25.49 |
| 2025-12-30 | 24.83 |
| 2025-12-29 | 24.45 |
| 2025-12-26 | 24.24 |
| 2025-12-24 | 24.72 |
| 2025-12-23 | 25.21 |
| 2025-12-22 | 26.06 |
| 2025-12-19 | 26.36 |
| 2025-12-18 | 26.34 |
| 2025-12-17 | 26.52 |
| 2025-12-16 | 25.85 |
| 2025-12-15 | 25.96 |
| 2025-12-12 | 24.99 |
| 2025-12-11 | 25.05 |
| 2025-12-10 | 24.41 |
| 2025-12-09 | 24.79 |
| 2025-12-08 | 24.99 |
| 2025-12-05 | 25.23 |
| 2025-12-04 | 25.04 |
| 2025-12-03 | 24.65 |
| 2025-12-02 | 24.64 |
| 2025-12-01 | 24.63 |
| 2025-11-28 | 24.79 |
| 2025-11-26 | 24.81 |
| 2025-11-25 | 24.70 |
| 2025-11-24 | 22.74 |
| 2025-11-21 | 21.55 |
| 2025-11-20 | 20.74 |
| 2025-11-19 | 21.08 |
| 2025-11-18 | 20.78 |
| 2025-11-17 | 20.70 |
| 2025-11-14 | 21.32 |
| 2025-11-13 | 21.65 |
| 2025-11-12 | 21.43 |
| 2025-11-11 | 21.27 |
| 2025-11-10 | 21.14 |
| 2025-11-07 | 21.08 |
| 2025-11-06 | 21.28 |
| 2025-11-05 | 22.02 |
| 2025-11-04 | 22.06 |
| 2025-11-03 | 21.74 |
| 2025-10-31 | 21.76 |
| 2025-10-30 | 25.45 |
| 2025-10-29 | 27.07 |
| 2025-10-28 | 26.81 |
| 2025-10-27 | 26.41 |
| 2025-10-24 | 26.03 |
| 2025-10-23 | 25.70 |
| 2025-10-22 | 25.85 |
| 2025-10-21 | 26.03 |
| 2025-10-20 | 25.85 |
| 2025-10-17 | 25.45 |
| 2025-10-16 | 25.25 |
| 2025-10-15 | 25.73 |
| 2025-10-14 | 25.65 |
| 2025-10-13 | 25.73 |
| 2025-10-10 | 25.73 |
| 2025-10-09 | 26.08 |
| 2025-10-08 | 26.29 |
| 2025-10-07 | 25.24 |
| 2025-10-06 | 25.43 |
| 2025-10-03 | 24.70 |
| 2025-10-02 | 23.86 |
| 2025-10-01 | 25.00 |
| 2025-09-30 | 25.94 |
| 2025-09-29 | 25.94 |
| 2025-09-26 | 26.05 |
| 2025-09-25 | 25.73 |
| 2025-09-24 | 25.85 |
| 2025-09-23 | 25.33 |
Showing the most recent 260 of 1,232 data points. The chart above shows the full history.