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 13.94 is 58% above its estimated 5-year average of 8.82, around the middle of its estimated 5-year range (1.69–26.23).
As of 2026-10-06T15:01:25.326Z. 25.85% below its estimated 12-month average of 18.80.
Calculation as of: 2026-10-06T15:01:25.326Z.
Quote observation: 2026-10-06T15:00:36.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: b9d80053686f16721d19c62710da14dda18ff2c6e5fba2adc15c1c35f0ac96a2
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
13.94
PB RATIO AVG TTM
18.80
PB RATIO AVG 3Y
12.12
PB RATIO AVG 5Y
8.82
PB RATIO AVG 10Y
N/A
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-25.85%
CURRENT VS 3Y AVG
+14.99%
CURRENT VS 5Y AVG
+57.99%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
2.36
median of 560 covered companies
CURRENT VS SECTOR MEDIAN
+490.68%
vs the sector median at left
Arcutis Biotherapeutics, Inc.
Market Cap
$3.07B
PB Ratio
13.94
TTM Avg
18.80
3Y Avg
12.12
5Y Avg
8.82
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Arcutis Biotherapeutics, Inc. (ARQT) | $3.07B | 13.94 | 18.80 | 12.12 | 8.82 |
| Amylyx Pharmaceuticals, Inc. (AMLX)vs › | $3.07B | 12.85 | 6.82 | 3.56 | 4.94 |
| Denali Therapeutics Inc. (DNLI)vs › | $3.07B | 3.67 | 3.91 | 2.97 | 3.44 |
| Enliven Therapeutics, Inc. (ELVN)vs › | $3.01B | 3.36 | 4.23 | 3.46 | 2.83 |
| Dyne Therapeutics, Inc. (DYN)vs › | $2.88B | 4.10 | 3.79 | 4.65 | 3.60 |
| TransMedics Group, Inc. (TMDX)vs › | $2.81B | 5.43 | 10.27 | 16.26 | 14.96 |
| AtriCure, Inc. (ATRC)vs › | $2.78B | 5.38 | 3.59 | 3.35 | 4.04 |
| Acadia Pharmaceuticals Inc. (ACAD)vs › | $3.43B | 2.62 | 3.81 | 5.55 | 6.29 |
| CareDx, Inc (CDNA)vs › | $3.44B | 8.07 | 4.07 | 3.37 | 3.09 |
| Acadia Healthcare Company, Inc. (ACHC)vs › | $2.70B | 1.37 | 0.96 | 1.45 | 1.85 |
At 13.94, P/B is above its estimated 6-year median — higher than 82% of readings in its estimated 6-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 6-year low
1.69
median
4.94
estimated 6-year high
26.23
P/B Ratio
13.94
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 | 15.49 |
| 2026-10-02 | 15.50 |
| 2026-10-01 | 15.58 |
| 2026-09-30 | 16.28 |
| 2026-09-29 | 16.48 |
| 2026-09-28 | 16.84 |
| 2026-09-25 | 16.59 |
| 2026-09-24 | 16.18 |
| 2026-09-23 | 16.25 |
| 2026-09-22 | 17.12 |
| 2026-09-21 | 15.99 |
| 2026-09-18 | 15.64 |
| 2026-09-17 | 16.30 |
| 2026-09-16 | 16.10 |
| 2026-09-15 | 14.48 |
| 2026-09-14 | 14.95 |
| 2026-09-11 | 14.72 |
| 2026-09-10 | 14.40 |
| 2026-09-09 | 14.69 |
| 2026-09-08 | 15.03 |
| 2026-09-04 | 14.72 |
| 2026-09-03 | 14.58 |
| 2026-09-02 | 14.69 |
| 2026-09-01 | 14.63 |
| 2026-08-31 | 14.77 |
| 2026-08-28 | 14.65 |
| 2026-08-27 | 15.32 |
| 2026-08-26 | 15.49 |
| 2026-08-25 | 15.32 |
| 2026-08-24 | 15.27 |
| 2026-08-21 | 15.45 |
| 2026-08-20 | 15.62 |
| 2026-08-19 | 16.30 |
| 2026-08-18 | 16.35 |
| 2026-08-17 | 15.78 |
| 2026-08-14 | 16.14 |
| 2026-08-13 | 15.91 |
| 2026-08-12 | 16.19 |
| 2026-08-11 | 16.16 |
| 2026-08-10 | 15.97 |
| 2026-08-07 | 15.58 |
| 2026-08-06 | 16.28 |
| 2026-08-05 | 18.49 |
| 2026-08-04 | 17.76 |
| 2026-08-03 | 17.69 |
| 2026-07-31 | 18.32 |
| 2026-07-30 | 19.09 |
| 2026-07-29 | 19.00 |
| 2026-07-28 | 19.39 |
| 2026-07-27 | 18.99 |
| 2026-07-24 | 18.66 |
| 2026-07-23 | 18.64 |
| 2026-07-22 | 19.03 |
| 2026-07-21 | 19.28 |
| 2026-07-20 | 18.78 |
| 2026-07-17 | 19.43 |
| 2026-07-16 | 18.92 |
| 2026-07-15 | 18.95 |
| 2026-07-14 | 18.29 |
| 2026-07-13 | 18.50 |
| 2026-07-10 | 18.92 |
| 2026-07-09 | 19.63 |
| 2026-07-08 | 19.44 |
| 2026-07-07 | 18.87 |
| 2026-07-06 | 17.78 |
| 2026-07-02 | 17.61 |
| 2026-07-01 | 17.63 |
| 2026-06-30 | 17.89 |
| 2026-06-29 | 18.25 |
| 2026-06-26 | 18.42 |
| 2026-06-25 | 18.21 |
| 2026-06-24 | 18.67 |
| 2026-06-23 | 17.92 |
| 2026-06-22 | 18.19 |
| 2026-06-18 | 17.88 |
| 2026-06-17 | 17.89 |
| 2026-06-16 | 17.51 |
| 2026-06-15 | 17.45 |
| 2026-06-12 | 16.63 |
| 2026-06-11 | 16.77 |
| 2026-06-10 | 15.85 |
| 2026-06-09 | 15.55 |
| 2026-06-08 | 14.69 |
| 2026-06-05 | 14.48 |
| 2026-06-04 | 14.97 |
| 2026-06-03 | 14.56 |
| 2026-06-02 | 14.18 |
| 2026-06-01 | 14.65 |
| 2026-05-29 | 14.64 |
| 2026-05-28 | 14.62 |
| 2026-05-27 | 14.43 |
| 2026-05-26 | 14.40 |
| 2026-05-22 | 14.23 |
| 2026-05-21 | 14.33 |
| 2026-05-20 | 13.96 |
| 2026-05-19 | 13.30 |
| 2026-05-18 | 13.66 |
| 2026-05-15 | 14.54 |
| 2026-05-14 | 14.71 |
| 2026-05-13 | 14.80 |
| 2026-05-12 | 14.11 |
| 2026-05-11 | 14.49 |
| 2026-05-08 | 14.44 |
| 2026-05-07 | 14.09 |
| 2026-05-06 | 17.30 |
| 2026-05-05 | 16.76 |
| 2026-05-04 | 16.81 |
| 2026-05-01 | 16.71 |
| 2026-04-30 | 16.62 |
| 2026-04-29 | 16.01 |
| 2026-04-28 | 16.67 |
| 2026-04-27 | 16.76 |
| 2026-04-24 | 16.65 |
| 2026-04-23 | 16.36 |
| 2026-04-22 | 17.00 |
| 2026-04-21 | 16.75 |
| 2026-04-20 | 17.52 |
| 2026-04-17 | 17.56 |
| 2026-04-16 | 17.32 |
| 2026-04-15 | 17.60 |
| 2026-04-14 | 17.96 |
| 2026-04-13 | 17.27 |
| 2026-04-10 | 17.33 |
| 2026-04-09 | 17.59 |
| 2026-04-08 | 17.62 |
| 2026-04-07 | 16.66 |
| 2026-04-06 | 16.94 |
| 2026-04-02 | 16.92 |
| 2026-04-01 | 17.25 |
| 2026-03-31 | 16.86 |
| 2026-03-30 | 15.27 |
| 2026-03-27 | 15.19 |
| 2026-03-26 | 16.02 |
| 2026-03-25 | 16.28 |
| 2026-03-24 | 15.63 |
| 2026-03-23 | 15.96 |
| 2026-03-20 | 15.90 |
| 2026-03-19 | 16.40 |
| 2026-03-18 | 15.92 |
| 2026-03-17 | 16.26 |
| 2026-03-16 | 16.29 |
| 2026-03-13 | 16.29 |
| 2026-03-12 | 16.40 |
| 2026-03-11 | 17.14 |
| 2026-03-10 | 17.60 |
| 2026-03-09 | 17.77 |
| 2026-03-06 | 17.18 |
| 2026-03-05 | 17.16 |
| 2026-03-04 | 17.27 |
| 2026-03-03 | 16.89 |
| 2026-03-02 | 17.72 |
| 2026-02-27 | 19.31 |
| 2026-02-26 | 20.45 |
| 2026-02-25 | 22.71 |
| 2026-02-24 | 22.68 |
| 2026-02-23 | 22.12 |
| 2026-02-20 | 21.37 |
| 2026-02-19 | 23.50 |
| 2026-02-18 | 22.45 |
| 2026-02-17 | 22.37 |
| 2026-02-13 | 21.74 |
| 2026-02-12 | 22.45 |
| 2026-02-11 | 22.35 |
| 2026-02-10 | 22.60 |
| 2026-02-09 | 22.60 |
| 2026-02-06 | 22.97 |
| 2026-02-05 | 21.92 |
| 2026-02-04 | 21.92 |
| 2026-02-03 | 22.02 |
| 2026-02-02 | 21.50 |
| 2026-01-30 | 21.33 |
| 2026-01-29 | 21.63 |
| 2026-01-28 | 21.39 |
| 2026-01-27 | 22.13 |
| 2026-01-26 | 22.13 |
| 2026-01-23 | 22.03 |
| 2026-01-22 | 22.40 |
| 2026-01-21 | 22.45 |
| 2026-01-20 | 21.75 |
| 2026-01-16 | 21.73 |
| 2026-01-15 | 22.16 |
| 2026-01-14 | 22.47 |
| 2026-01-13 | 21.90 |
| 2026-01-12 | 22.51 |
| 2026-01-09 | 23.72 |
| 2026-01-08 | 25.12 |
| 2026-01-07 | 24.87 |
| 2026-01-06 | 24.56 |
| 2026-01-05 | 25.39 |
| 2026-01-02 | 24.38 |
| 2025-12-31 | 24.41 |
| 2025-12-30 | 23.61 |
| 2025-12-29 | 24.01 |
| 2025-12-26 | 24.35 |
| 2025-12-24 | 24.76 |
| 2025-12-23 | 24.64 |
| 2025-12-22 | 25.14 |
| 2025-12-19 | 23.55 |
| 2025-12-18 | 23.35 |
| 2025-12-17 | 23.82 |
| 2025-12-16 | 23.98 |
| 2025-12-15 | 24.34 |
| 2025-12-12 | 24.40 |
| 2025-12-11 | 24.77 |
| 2025-12-10 | 25.03 |
| 2025-12-09 | 25.02 |
| 2025-12-08 | 26.09 |
| 2025-12-05 | 26.23 |
| 2025-12-04 | 26.19 |
| 2025-12-03 | 25.19 |
| 2025-12-02 | 24.74 |
| 2025-12-01 | 25.53 |
| 2025-11-28 | 25.77 |
| 2025-11-26 | 26.03 |
| 2025-11-25 | 25.83 |
| 2025-11-24 | 25.86 |
| 2025-11-21 | 24.79 |
| 2025-11-20 | 22.98 |
| 2025-11-19 | 23.45 |
| 2025-11-18 | 22.93 |
| 2025-11-17 | 22.00 |
| 2025-11-14 | 21.02 |
| 2025-11-13 | 19.22 |
| 2025-11-12 | 19.71 |
| 2025-11-11 | 20.20 |
| 2025-11-10 | 19.97 |
| 2025-11-07 | 20.37 |
| 2025-11-06 | 21.10 |
| 2025-11-05 | 20.50 |
| 2025-11-04 | 20.18 |
| 2025-11-03 | 20.81 |
| 2025-10-31 | 21.28 |
| 2025-10-30 | 20.95 |
| 2025-10-29 | 21.26 |
| 2025-10-28 | 22.80 |
| 2025-10-27 | 17.95 |
| 2025-10-24 | 18.38 |
| 2025-10-23 | 18.35 |
| 2025-10-22 | 18.10 |
| 2025-10-21 | 18.86 |
| 2025-10-20 | 19.08 |
| 2025-10-17 | 19.08 |
| 2025-10-16 | 19.11 |
| 2025-10-15 | 19.77 |
| 2025-10-14 | 18.67 |
| 2025-10-13 | 18.93 |
| 2025-10-10 | 18.32 |
| 2025-10-09 | 18.93 |
| 2025-10-08 | 19.41 |
| 2025-10-07 | 18.80 |
| 2025-10-06 | 18.06 |
| 2025-10-03 | 18.20 |
| 2025-10-02 | 19.42 |
| 2025-10-01 | 18.06 |
| 2025-09-30 | 17.23 |
| 2025-09-29 | 17.02 |
| 2025-09-26 | 16.06 |
| 2025-09-25 | 15.29 |
| 2025-09-24 | 15.81 |
| 2025-09-23 | 16.08 |
Showing the most recent 260 of 1,607 data points. The chart above shows the full history.