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 5.23 is 77% above its estimated 5-year average of 2.95, near the low end of its estimated 5-year range (0.41–18.90).
As of 2026-10-06T13:42:03.334Z. 28.74% below its estimated 12-month average of 7.34.
Calculation as of: 2026-10-06T13:42:03.334Z.
Quote observation: 2026-10-06T13:40:16.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 3e31615b66e5acc6c2b7b3f8a521ec69124b31f47383f0f9627e8176a83f275d
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
5.23
PB RATIO AVG TTM
7.34
PB RATIO AVG 3Y
3.71
PB RATIO AVG 5Y
2.95
PB RATIO AVG 10Y
2.65
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-28.74%
CURRENT VS 3Y AVG
+40.88%
CURRENT VS 5Y AVG
+77.20%
CURRENT VS 10Y AVG
+97.13%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
2.54
median of 468 covered companies
CURRENT VS SECTOR MEDIAN
+105.91%
vs the sector median at left
Market Cap
$4.88B
PB Ratio
34.12
TTM Avg
15.38
3Y Avg
7.95
5Y Avg
5.98
Market Cap
$5.15B
PB Ratio
20.29
TTM Avg
21.81
3Y Avg
17.06
5Y Avg
11.23
Market Cap
$4.46B
PB Ratio
N/A
TTM Avg
112.47
3Y Avg
67.16
5Y Avg
67.16
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Definium Therapeutics, Inc. (DFTX) | $4.81B | 5.23 | 7.34 | 3.71 | 2.95 |
| LifeStance Health Group, Inc. (LFST)vs › | $4.75B | 3.22 | 2.16 | 1.83 | 1.79 |
| Dianthus Therapeutics, Inc. (DNTH)vs › | $4.87B | 4.15 | 4.23 | 2.59 | 1.94 |
| Adaptive Biotechnologies Corporation (ADPT)vs › | $4.88B | 34.12 | 15.38 | 7.95 | 5.98 |
| Heartflow, Inc. Common Stock (HTFL)vs › | $4.65B | 16.61 | 9.65 | 9.65 | 9.65 |
| Erasca, Inc. (ERAS)vs › | $5.06B | 14.00 | 9.64 | 3.97 | 3.18 |
| BillionToOne, Inc. (BLLN)vs › | $5.10B | 9.50 | 9.70 | 9.70 | 9.70 |
| Scholar Rock Holding Corporation (SRRK)vs › | $5.15B | 20.29 | 21.81 | 17.06 | 11.23 |
| Indivior Pharmaceuticals Inc (INDV)vs › | $4.46B | N/A | 112.47 | 67.16 | 67.16 |
| Merit Medical Systems, Inc. (MMSI)vs › | $5.16B | 3.07 | 2.97 | 3.64 | 3.60 |
At 5.23, P/B is above its estimated 9-year median — higher than 77% of readings in its estimated 9-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 9-year low
0.02
median
2.19
estimated 9-year high
62.53
P/B Ratio
5.23
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 | 4.37 |
| 2026-10-02 | 4.51 |
| 2026-10-01 | 4.53 |
| 2026-09-30 | 4.59 |
| 2026-09-29 | 4.60 |
| 2026-09-28 | 4.63 |
| 2026-09-25 | 4.36 |
| 2026-09-24 | 4.43 |
| 2026-09-23 | 4.54 |
| 2026-09-22 | 4.86 |
| 2026-09-21 | 4.73 |
| 2026-09-18 | 4.68 |
| 2026-09-17 | 4.66 |
| 2026-09-16 | 4.56 |
| 2026-09-15 | 4.44 |
| 2026-09-14 | 4.85 |
| 2026-09-11 | 4.69 |
| 2026-09-10 | 4.55 |
| 2026-09-09 | 4.58 |
| 2026-09-08 | 4.61 |
| 2026-09-04 | 4.59 |
| 2026-09-03 | 4.58 |
| 2026-09-02 | 4.69 |
| 2026-09-01 | 4.64 |
| 2026-08-31 | 4.79 |
| 2026-08-28 | 4.94 |
| 2026-08-27 | 5.28 |
| 2026-08-26 | 5.27 |
| 2026-08-25 | 5.40 |
| 2026-08-24 | 5.21 |
| 2026-08-21 | 5.41 |
| 2026-08-20 | 5.47 |
| 2026-08-19 | 5.52 |
| 2026-08-18 | 5.56 |
| 2026-08-17 | 5.45 |
| 2026-08-14 | 5.14 |
| 2026-08-13 | 5.29 |
| 2026-08-12 | 5.16 |
| 2026-08-11 | 4.93 |
| 2026-08-10 | 5.44 |
| 2026-08-07 | 5.56 |
| 2026-08-06 | 18.00 |
| 2026-08-05 | 17.32 |
| 2026-08-04 | 16.51 |
| 2026-08-03 | 16.30 |
| 2026-07-31 | 16.98 |
| 2026-07-30 | 17.36 |
| 2026-07-29 | 16.45 |
| 2026-07-28 | 16.37 |
| 2026-07-27 | 16.64 |
| 2026-07-24 | 16.84 |
| 2026-07-23 | 16.75 |
| 2026-07-22 | 17.04 |
| 2026-07-21 | 17.59 |
| 2026-07-20 | 16.70 |
| 2026-07-17 | 17.28 |
| 2026-07-16 | 17.21 |
| 2026-07-15 | 17.81 |
| 2026-07-14 | 17.94 |
| 2026-07-13 | 17.03 |
| 2026-07-10 | 18.36 |
| 2026-07-09 | 18.90 |
| 2026-07-08 | 17.68 |
| 2026-07-07 | 17.35 |
| 2026-07-06 | 17.30 |
| 2026-07-02 | 17.24 |
| 2026-07-01 | 16.93 |
| 2026-06-30 | 18.35 |
| 2026-06-29 | 18.16 |
| 2026-06-26 | 17.54 |
| 2026-06-25 | 17.47 |
| 2026-06-24 | 16.44 |
| 2026-06-23 | 14.12 |
| 2026-06-22 | 14.31 |
| 2026-06-18 | 9.55 |
| 2026-06-17 | 9.53 |
| 2026-06-16 | 9.43 |
| 2026-06-15 | 9.27 |
| 2026-06-12 | 9.66 |
| 2026-06-11 | 9.41 |
| 2026-06-10 | 9.07 |
| 2026-06-09 | 8.95 |
| 2026-06-08 | 8.98 |
| 2026-06-05 | 9.19 |
| 2026-06-04 | 9.59 |
| 2026-06-03 | 9.20 |
| 2026-06-02 | 8.92 |
| 2026-06-01 | 9.39 |
| 2026-05-29 | 9.44 |
| 2026-05-28 | 9.16 |
| 2026-05-27 | 9.18 |
| 2026-05-26 | 8.93 |
| 2026-05-22 | 8.78 |
| 2026-05-21 | 8.84 |
| 2026-05-20 | 8.14 |
| 2026-05-19 | 7.81 |
| 2026-05-18 | 7.99 |
| 2026-05-15 | 8.19 |
| 2026-05-14 | 8.33 |
| 2026-05-13 | 8.59 |
| 2026-05-12 | 8.26 |
| 2026-05-11 | 8.35 |
| 2026-05-08 | 8.60 |
| 2026-05-07 | 6.24 |
| 2026-05-06 | 6.30 |
| 2026-05-05 | 6.02 |
| 2026-05-04 | 5.85 |
| 2026-05-01 | 5.83 |
| 2026-04-30 | 5.88 |
| 2026-04-29 | 5.51 |
| 2026-04-28 | 5.72 |
| 2026-04-27 | 5.64 |
| 2026-04-24 | 6.04 |
| 2026-04-23 | 6.25 |
| 2026-04-22 | 6.20 |
| 2026-04-21 | 6.41 |
| 2026-04-20 | 6.23 |
| 2026-04-17 | 6.10 |
| 2026-04-16 | 6.04 |
| 2026-04-15 | 5.95 |
| 2026-04-14 | 5.89 |
| 2026-04-13 | 5.98 |
| 2026-04-10 | 5.79 |
| 2026-04-09 | 5.76 |
| 2026-04-08 | 5.65 |
| 2026-04-07 | 5.53 |
| 2026-04-06 | 5.49 |
| 2026-04-02 | 5.56 |
| 2026-04-01 | 5.54 |
| 2026-03-31 | 5.08 |
| 2026-03-30 | 4.70 |
| 2026-03-27 | 4.81 |
| 2026-03-26 | 5.09 |
| 2026-03-25 | 4.96 |
| 2026-03-24 | 4.78 |
| 2026-03-23 | 4.87 |
| 2026-03-20 | 4.95 |
| 2026-03-19 | 5.02 |
| 2026-03-18 | 4.74 |
| 2026-03-17 | 4.86 |
| 2026-03-16 | 4.92 |
| 2026-03-13 | 4.85 |
| 2026-03-12 | 4.83 |
| 2026-03-11 | 5.01 |
| 2026-03-10 | 5.12 |
| 2026-03-09 | 4.93 |
| 2026-03-06 | 4.75 |
| 2026-03-05 | 4.72 |
| 2026-03-04 | 4.77 |
| 2026-03-03 | 4.75 |
| 2026-03-02 | 4.62 |
| 2026-02-27 | 4.69 |
| 2026-02-26 | 11.37 |
| 2026-02-25 | 11.59 |
| 2026-02-24 | 11.48 |
| 2026-02-23 | 11.15 |
| 2026-02-20 | 11.27 |
| 2026-02-19 | 11.36 |
| 2026-02-18 | 11.43 |
| 2026-02-17 | 11.11 |
| 2026-02-13 | 10.36 |
| 2026-02-12 | 10.67 |
| 2026-02-11 | 11.41 |
| 2026-02-10 | 11.42 |
| 2026-02-09 | 11.41 |
| 2026-02-06 | 11.11 |
| 2026-02-05 | 10.69 |
| 2026-02-04 | 11.20 |
| 2026-02-03 | 11.77 |
| 2026-02-02 | 11.99 |
| 2026-01-30 | 11.10 |
| 2026-01-29 | 11.34 |
| 2026-01-28 | 11.07 |
| 2026-01-27 | 11.50 |
| 2026-01-26 | 10.86 |
| 2026-01-23 | 11.44 |
| 2026-01-22 | 11.16 |
| 2026-01-21 | 11.28 |
| 2026-01-20 | 11.04 |
| 2026-01-16 | 9.90 |
| 2026-01-15 | 10.11 |
| 2026-01-14 | 9.88 |
| 2026-01-13 | 9.78 |
| 2026-01-12 | 9.13 |
| 2026-01-09 | 9.10 |
| 2026-01-08 | 9.67 |
| 2026-01-07 | 9.23 |
| 2026-01-06 | 8.88 |
| 2026-01-05 | 8.93 |
| 2026-01-02 | 8.97 |
| 2025-12-31 | 8.81 |
| 2025-12-30 | 8.52 |
| 2025-12-29 | 8.85 |
| 2025-12-26 | 8.59 |
| 2025-12-24 | 8.83 |
| 2025-12-23 | 9.22 |
| 2025-12-22 | 8.75 |
| 2025-12-19 | 8.35 |
| 2025-12-18 | 8.25 |
| 2025-12-17 | 7.98 |
| 2025-12-16 | 8.06 |
| 2025-12-15 | 7.94 |
| 2025-12-12 | 8.25 |
| 2025-12-11 | 8.28 |
| 2025-12-10 | 8.14 |
| 2025-12-09 | 8.22 |
| 2025-12-08 | 8.55 |
| 2025-12-05 | 8.12 |
| 2025-12-04 | 8.17 |
| 2025-12-03 | 7.85 |
| 2025-12-02 | 7.93 |
| 2025-12-01 | 8.06 |
| 2025-11-28 | 8.32 |
| 2025-11-26 | 7.96 |
| 2025-11-25 | 7.81 |
| 2025-11-24 | 7.73 |
| 2025-11-21 | 7.02 |
| 2025-11-20 | 7.16 |
| 2025-11-19 | 7.19 |
| 2025-11-18 | 7.50 |
| 2025-11-17 | 7.46 |
| 2025-11-14 | 7.46 |
| 2025-11-13 | 7.65 |
| 2025-11-12 | 7.98 |
| 2025-11-11 | 8.21 |
| 2025-11-10 | 7.73 |
| 2025-11-07 | 7.69 |
| 2025-11-06 | 5.22 |
| 2025-11-05 | 5.31 |
| 2025-11-04 | 5.52 |
| 2025-11-03 | 5.66 |
| 2025-10-31 | 6.54 |
| 2025-10-30 | 6.16 |
| 2025-10-29 | 5.94 |
| 2025-10-28 | 5.92 |
| 2025-10-27 | 5.91 |
| 2025-10-24 | 5.70 |
| 2025-10-23 | 5.74 |
| 2025-10-22 | 5.72 |
| 2025-10-21 | 5.82 |
| 2025-10-20 | 6.06 |
| 2025-10-17 | 6.28 |
| 2025-10-16 | 5.48 |
| 2025-10-15 | 5.83 |
| 2025-10-14 | 5.81 |
| 2025-10-13 | 5.64 |
| 2025-10-10 | 5.44 |
| 2025-10-09 | 5.75 |
| 2025-10-08 | 5.90 |
| 2025-10-07 | 5.51 |
| 2025-10-06 | 5.63 |
| 2025-10-03 | 5.78 |
| 2025-10-02 | 5.63 |
| 2025-10-01 | 5.68 |
| 2025-09-30 | 5.43 |
| 2025-09-29 | 5.54 |
| 2025-09-26 | 4.91 |
| 2025-09-25 | 4.50 |
| 2025-09-24 | 4.52 |
| 2025-09-23 | 4.58 |
Showing the most recent 260 of 2,158 data points. The chart above shows the full history.
