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 4.62 is 44% above its estimated 5-year average of 3.21, near the low end of its estimated 5-year range (0.82–16.74).
As of 2026-10-06T15:41:16.915Z. 14.92% above its estimated 12-month average of 4.02.
Calculation as of: 2026-10-06T15:41:16.915Z.
Quote observation: 2026-10-06T15:40:25.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: e126544d6b89d716845e46a575ce394628d8118dbd26b88e4cb46db2a476fd9c
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
4.62
PB RATIO AVG TTM
4.02
PB RATIO AVG 3Y
3.51
PB RATIO AVG 5Y
3.21
PB RATIO AVG 10Y
7.91
PB RATIO AVG 15Y
5.90
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+14.92%
CURRENT VS 3Y AVG
+31.81%
CURRENT VS 5Y AVG
+43.77%
CURRENT VS 10Y AVG
-41.62%
CURRENT VS 15Y AVG
-21.63%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
2.38
median of 610 covered companies
CURRENT VS SECTOR MEDIAN
+93.71%
vs the sector median at left
Market Cap
$150.96M
PB Ratio
2.64
TTM Avg
1.89
3Y Avg
1.06
5Y Avg
1.08
Market Cap
$159.28M
PB Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$147.54M
PB Ratio
12.11
TTM Avg
42.74
3Y Avg
42.74
5Y Avg
42.74
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Codexis, Inc. (CDXS) | $152.20M | 4.62 | 4.02 | 3.51 | 3.21 |
| Anavex Life Sciences Corp. (AVXL)vs › | $151.99M | 1.35 | 3.31 | 4.55 | 5.01 |
| Acumen Pharmaceuticals, Inc. (ABOS)vs › | $150.96M | 2.64 | 1.89 | 1.06 | 1.08 |
| Cardiol Therapeutics Inc. (CRDL)vs › | $154.46M | 9.13 | 10.84 | 9.66 | 6.56 |
| ALX Oncology Holdings Inc. (ALXO)vs › | $154.75M | 1.14 | 2.06 | 1.70 | 1.69 |
| Jyong Biotech Ltd. Ordinary Shares (MENS)vs › | $159.28M | N/A | N/A | N/A | N/A |
| LifeMD, Inc. (LFMDP)vs › | $147.97M | 18.57 | 329.20 | 314.58 | 214.38 |
| NervGen Pharma Corp. Common stock (NGEN)vs › | $147.54M | 12.11 | 42.74 | 42.74 | 42.74 |
| Korsana Biosciences, Inc. (KRSA)vs › | $146.58M | 28.81 | 1.48 | 1.03 | 1.17 |
| Inogen, Inc. (INGN)vs › | $158.54M | 0.91 | 0.93 | 0.96 | 1.16 |
At 4.62, P/B is near its estimated 16-year median — higher than 52% of readings in its estimated 16-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 16-year low
0.27
median
4.28
estimated 16-year high
52.82
P/B Ratio
4.62
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 | 3.84 |
| 2026-10-02 | 3.76 |
| 2026-10-01 | 3.76 |
| 2026-09-30 | 3.84 |
| 2026-09-29 | 3.73 |
| 2026-09-28 | 3.76 |
| 2026-09-25 | 3.65 |
| 2026-09-24 | 3.78 |
| 2026-09-23 | 3.81 |
| 2026-09-22 | 3.84 |
| 2026-09-21 | 3.81 |
| 2026-09-18 | 3.76 |
| 2026-09-17 | 3.65 |
| 2026-09-16 | 3.70 |
| 2026-09-15 | 3.87 |
| 2026-09-14 | 4.09 |
| 2026-09-11 | 4.06 |
| 2026-09-10 | 3.98 |
| 2026-09-09 | 3.95 |
| 2026-09-08 | 3.95 |
| 2026-09-04 | 4.03 |
| 2026-09-03 | 3.92 |
| 2026-09-02 | 4.09 |
| 2026-09-01 | 4.17 |
| 2026-08-31 | 4.70 |
| 2026-08-28 | 4.39 |
| 2026-08-27 | 4.59 |
| 2026-08-26 | 4.56 |
| 2026-08-25 | 4.64 |
| 2026-08-24 | 4.59 |
| 2026-08-21 | 4.61 |
| 2026-08-20 | 4.37 |
| 2026-08-19 | 4.42 |
| 2026-08-18 | 4.14 |
| 2026-08-17 | 4.39 |
| 2026-08-14 | 4.31 |
| 2026-08-13 | 4.42 |
| 2026-08-12 | 4.42 |
| 2026-08-11 | 3.11 |
| 2026-08-10 | 3.15 |
| 2026-08-07 | 3.09 |
| 2026-08-06 | 3.11 |
| 2026-08-05 | 3.04 |
| 2026-08-04 | 3.00 |
| 2026-08-03 | 3.04 |
| 2026-07-31 | 2.94 |
| 2026-07-30 | 3.11 |
| 2026-07-29 | 3.09 |
| 2026-07-28 | 3.15 |
| 2026-07-27 | 3.25 |
| 2026-07-24 | 3.11 |
| 2026-07-23 | 4.18 |
| 2026-07-22 | 4.32 |
| 2026-07-21 | 4.62 |
| 2026-07-20 | 4.64 |
| 2026-07-17 | 4.70 |
| 2026-07-16 | 4.53 |
| 2026-07-15 | 4.64 |
| 2026-07-14 | 4.47 |
| 2026-07-13 | 4.72 |
| 2026-07-10 | 5.10 |
| 2026-07-09 | 5.37 |
| 2026-07-08 | 5.46 |
| 2026-07-07 | 5.46 |
| 2026-07-06 | 5.58 |
| 2026-07-02 | 5.19 |
| 2026-07-01 | 5.02 |
| 2026-06-30 | 4.74 |
| 2026-06-29 | 4.89 |
| 2026-06-26 | 5.02 |
| 2026-06-25 | 4.72 |
| 2026-06-24 | 4.77 |
| 2026-06-23 | 5.02 |
| 2026-06-22 | 4.98 |
| 2026-06-18 | 5.40 |
| 2026-06-17 | 5.21 |
| 2026-06-16 | 5.21 |
| 2026-06-15 | 5.23 |
| 2026-06-12 | 5.04 |
| 2026-06-11 | 5.06 |
| 2026-06-10 | 4.93 |
| 2026-06-09 | 5.19 |
| 2026-06-08 | 5.48 |
| 2026-06-05 | 5.37 |
| 2026-06-04 | 5.88 |
| 2026-06-03 | 5.71 |
| 2026-06-02 | 5.65 |
| 2026-06-01 | 5.61 |
| 2026-05-29 | 5.82 |
| 2026-05-28 | 5.77 |
| 2026-05-27 | 5.54 |
| 2026-05-26 | 5.46 |
| 2026-05-22 | 5.23 |
| 2026-05-21 | 5.31 |
| 2026-05-20 | 5.42 |
| 2026-05-19 | 5.16 |
| 2026-05-18 | 5.35 |
| 2026-05-15 | 5.16 |
| 2026-05-14 | 5.40 |
| 2026-05-13 | 5.25 |
| 2026-05-12 | 5.33 |
| 2026-05-11 | 5.56 |
| 2026-05-08 | 5.98 |
| 2026-05-07 | 4.64 |
| 2026-05-06 | 4.79 |
| 2026-05-05 | 4.95 |
| 2026-05-04 | 4.52 |
| 2026-05-01 | 4.80 |
| 2026-04-30 | 5.07 |
| 2026-04-29 | 5.06 |
| 2026-04-28 | 5.07 |
| 2026-04-27 | 4.77 |
| 2026-04-24 | 4.71 |
| 2026-04-23 | 4.53 |
| 2026-04-22 | 4.44 |
| 2026-04-21 | 4.34 |
| 2026-04-20 | 4.71 |
| 2026-04-17 | 4.66 |
| 2026-04-16 | 4.57 |
| 2026-04-15 | 4.43 |
| 2026-04-14 | 4.26 |
| 2026-04-13 | 4.14 |
| 2026-04-10 | 4.03 |
| 2026-04-09 | 4.32 |
| 2026-04-08 | 3.98 |
| 2026-04-07 | 3.56 |
| 2026-04-06 | 3.40 |
| 2026-04-02 | 3.27 |
| 2026-04-01 | 3.13 |
| 2026-03-31 | 2.93 |
| 2026-03-30 | 2.73 |
| 2026-03-27 | 2.84 |
| 2026-03-26 | 2.99 |
| 2026-03-25 | 3.15 |
| 2026-03-24 | 3.00 |
| 2026-03-23 | 2.90 |
| 2026-03-20 | 2.88 |
| 2026-03-19 | 3.00 |
| 2026-03-18 | 2.64 |
| 2026-03-17 | 2.64 |
| 2026-03-16 | 2.70 |
| 2026-03-13 | 2.90 |
| 2026-03-12 | 3.08 |
| 2026-03-11 | 2.97 |
| 2026-03-10 | 2.90 |
| 2026-03-09 | 2.93 |
| 2026-03-06 | 2.88 |
| 2026-03-05 | 2.95 |
| 2026-03-04 | 2.53 |
| 2026-03-03 | 2.29 |
| 2026-03-02 | 2.39 |
| 2026-02-27 | 2.36 |
| 2026-02-26 | 2.51 |
| 2026-02-25 | 2.62 |
| 2026-02-24 | 2.60 |
| 2026-02-23 | 2.51 |
| 2026-02-20 | 2.74 |
| 2026-02-19 | 2.76 |
| 2026-02-18 | 2.74 |
| 2026-02-17 | 2.83 |
| 2026-02-13 | 2.81 |
| 2026-02-12 | 2.76 |
| 2026-02-11 | 2.79 |
| 2026-02-10 | 2.93 |
| 2026-02-09 | 3.02 |
| 2026-02-06 | 3.11 |
| 2026-02-05 | 2.97 |
| 2026-02-04 | 3.09 |
| 2026-02-03 | 3.18 |
| 2026-02-02 | 3.37 |
| 2026-01-30 | 2.90 |
| 2026-01-29 | 3.04 |
| 2026-01-28 | 3.02 |
| 2026-01-27 | 3.35 |
| 2026-01-26 | 3.63 |
| 2026-01-23 | 3.93 |
| 2026-01-22 | 4.28 |
| 2026-01-21 | 4.00 |
| 2026-01-20 | 3.77 |
| 2026-01-16 | 3.91 |
| 2026-01-15 | 4.17 |
| 2026-01-14 | 4.17 |
| 2026-01-13 | 4.00 |
| 2026-01-12 | 3.93 |
| 2026-01-09 | 3.84 |
| 2026-01-08 | 3.93 |
| 2026-01-07 | 3.98 |
| 2026-01-06 | 4.03 |
| 2026-01-05 | 3.82 |
| 2026-01-02 | 3.77 |
| 2025-12-31 | 3.82 |
| 2025-12-30 | 3.75 |
| 2025-12-29 | 3.84 |
| 2025-12-26 | 3.82 |
| 2025-12-24 | 3.93 |
| 2025-12-23 | 3.86 |
| 2025-12-22 | 3.98 |
| 2025-12-19 | 3.89 |
| 2025-12-18 | 3.84 |
| 2025-12-17 | 3.77 |
| 2025-12-16 | 3.93 |
| 2025-12-15 | 3.82 |
| 2025-12-12 | 3.91 |
| 2025-12-11 | 4.00 |
| 2025-12-10 | 4.26 |
| 2025-12-09 | 4.38 |
| 2025-12-08 | 4.50 |
| 2025-12-05 | 4.28 |
| 2025-12-04 | 4.14 |
| 2025-12-03 | 3.96 |
| 2025-12-02 | 3.86 |
| 2025-12-01 | 3.86 |
| 2025-11-28 | 4.05 |
| 2025-11-26 | 4.07 |
| 2025-11-25 | 3.93 |
| 2025-11-24 | 3.72 |
| 2025-11-21 | 3.61 |
| 2025-11-20 | 3.68 |
| 2025-11-19 | 3.79 |
| 2025-11-18 | 3.84 |
| 2025-11-17 | 3.68 |
| 2025-11-14 | 3.86 |
| 2025-11-13 | 3.82 |
| 2025-11-12 | 4.52 |
| 2025-11-11 | 4.21 |
| 2025-11-10 | 4.10 |
| 2025-11-07 | 3.96 |
| 2025-11-06 | 3.13 |
| 2025-11-05 | 3.30 |
| 2025-11-04 | 3.33 |
| 2025-11-03 | 3.47 |
| 2025-10-31 | 3.64 |
| 2025-10-30 | 3.62 |
| 2025-10-29 | 3.71 |
| 2025-10-28 | 3.98 |
| 2025-10-27 | 3.99 |
| 2025-10-24 | 4.14 |
| 2025-10-23 | 3.98 |
| 2025-10-22 | 3.93 |
| 2025-10-21 | 4.24 |
| 2025-10-20 | 4.21 |
| 2025-10-17 | 4.07 |
| 2025-10-16 | 4.05 |
| 2025-10-15 | 4.21 |
| 2025-10-14 | 3.87 |
| 2025-10-13 | 3.84 |
| 2025-10-10 | 3.98 |
| 2025-10-09 | 4.11 |
| 2025-10-08 | 4.07 |
| 2025-10-07 | 3.93 |
| 2025-10-06 | 4.13 |
| 2025-10-03 | 3.90 |
| 2025-10-02 | 3.87 |
| 2025-10-01 | 3.84 |
| 2025-09-30 | 3.75 |
| 2025-09-29 | 3.79 |
| 2025-09-26 | 3.78 |
| 2025-09-25 | 3.68 |
| 2025-09-24 | 3.81 |
| 2025-09-23 | 3.78 |
Showing the most recent 260 of 4,091 data points. The chart above shows the full history.
