Basis: Latest stored market observation. 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 12.63 is 31% below its 5-year average of 18.23, near the low end of its 5-year range (7.70–32.80).
As of Tuesday, September 8, 2026. 27.02% above its 12-month average of 9.94.
PB RATIO
12.63
PB RATIO AVG TTM
9.94
PB RATIO AVG 3Y
15.29
PB RATIO AVG 5Y
18.23
PB RATIO AVG 10Y
20.05
PB RATIO AVG 15Y
21.77
PB RATIO AVG 20Y
20.13
CURRENT VS TTM AVG
+27.02%
CURRENT VS 3Y AVG
-17.40%
CURRENT VS 5Y AVG
-30.73%
CURRENT VS 10Y AVG
-36.99%
CURRENT VS 15Y AVG
-41.98%
CURRENT VS 20Y AVG
-37.26%
SECTOR MEDIAN · HEALTHCARE
4.16
median of 85 covered companies
CURRENT VS SECTOR MEDIAN
+203.61%
vs the sector median at left
Market Cap
$29.76B
PB Ratio
2.76
TTM Avg
3.26
3Y Avg
4.15
5Y Avg
4.15
Market Cap
$34.15B
PB Ratio
26.55
TTM Avg
126.40
3Y Avg
335.77
5Y Avg
228.76
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| DexCom, Inc. (DXCM) | $31.74B | 12.63 | 9.94 | 15.29 | 18.23 |
| ResMed Inc. (RMD)vs › | $31.90B | 4.87 | 5.53 | 6.13 | 7.67 |
| Biogen Inc. (BIIB)vs › | $31.30B | 1.68 | 1.47 | 1.67 | 2.24 |
| Centene Corp. (CNC)vs › | $31.13B | 1.42 | 1.07 | 1.21 | 1.41 |
| Zoetis Inc. (ZTS)vs › | $30.88B | 9.76 | 11.89 | 14.55 | 16.12 |
| Waters Corporation (WAT)vs › | $30.59B | 2.60 | 6.59 | 12.11 | 27.72 |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.76B | 2.76 | 3.26 | 4.15 | 4.15 |
| Alcon Inc. (ALC)vs › | $33.72B | 1.56 | 1.67 | 1.91 | 1.90 |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $34.15B | 26.55 | 126.40 | 335.77 | 228.76 |
| Medline Inc. (MDLN)vs › | $29.34B | 2.58 | 3.05 | 3.05 | 3.05 |
At 12.63, P/B is below its 20-year median — higher than 24% of readings in its 20-year history.
20-year low
3.12
median
20.19
20-year high
196.59
P/B Ratio
12.63
Market Price / Book Value per Share
PB Ratio = Market Cap / Total Shareholders' Equity
The price-to-book ratio compares market capitalization to book value (shareholders' equity). Lower values can indicate a cheaper valuation relative to net assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PB RATIO |
|---|---|
| 2026-09-08 | 12.63 |
| 2026-09-04 | 13.14 |
| 2026-09-03 | 13.41 |
| 2026-09-02 | 13.41 |
| 2026-09-01 | 13.47 |
| 2026-08-31 | 13.61 |
| 2026-08-28 | 13.57 |
| 2026-08-27 | 13.35 |
| 2026-08-26 | 13.30 |
| 2026-08-25 | 13.33 |
| 2026-08-24 | 13.61 |
| 2026-08-21 | 13.80 |
| 2026-08-20 | 13.48 |
| 2026-08-19 | 13.43 |
| 2026-08-18 | 13.39 |
| 2026-08-17 | 13.27 |
| 2026-08-14 | 13.41 |
| 2026-08-13 | 13.67 |
| 2026-08-12 | 13.57 |
| 2026-08-11 | 13.38 |
| 2026-08-10 | 13.10 |
| 2026-08-07 | 12.67 |
| 2026-08-06 | 12.41 |
| 2026-08-05 | 12.35 |
| 2026-08-04 | 12.99 |
| 2026-08-03 | 13.05 |
| 2026-07-31 | 12.47 |
| 2026-07-30 | 11.14 |
| 2026-07-29 | 10.00 |
| 2026-07-28 | 9.96 |
| 2026-07-27 | 9.77 |
| 2026-07-24 | 9.52 |
| 2026-07-23 | 9.38 |
| 2026-07-22 | 9.51 |
| 2026-07-21 | 9.95 |
| 2026-07-20 | 10.08 |
| 2026-07-17 | 10.20 |
| 2026-07-16 | 10.38 |
| 2026-07-15 | 9.68 |
| 2026-07-14 | 9.87 |
| 2026-07-13 | 10.16 |
| 2026-07-10 | 9.98 |
| 2026-07-09 | 9.72 |
| 2026-07-08 | 9.86 |
| 2026-07-07 | 9.79 |
| 2026-07-06 | 9.63 |
| 2026-07-02 | 9.48 |
| 2026-07-01 | 9.17 |
| 2026-06-30 | 8.97 |
| 2026-06-29 | 9.32 |
| 2026-06-26 | 9.34 |
| 2026-06-25 | 9.14 |
| 2026-06-24 | 9.28 |
| 2026-06-23 | 9.17 |
| 2026-06-22 | 9.19 |
| 2026-06-18 | 9.65 |
| 2026-06-17 | 9.48 |
| 2026-06-16 | 9.74 |
| 2026-06-15 | 9.88 |
| 2026-06-12 | 10.03 |
| 2026-06-11 | 10.02 |
| 2026-06-10 | 9.95 |
| 2026-06-09 | 10.41 |
| 2026-06-08 | 10.20 |
| 2026-06-05 | 9.70 |
| 2026-06-04 | 9.66 |
| 2026-06-03 | 9.69 |
| 2026-06-02 | 9.78 |
| 2026-06-01 | 9.97 |
| 2026-05-29 | 9.82 |
| 2026-05-28 | 9.63 |
| 2026-05-27 | 9.35 |
| 2026-05-26 | 9.59 |
| 2026-05-22 | 9.60 |
| 2026-05-21 | 9.57 |
| 2026-05-20 | 9.51 |
| 2026-05-19 | 8.91 |
| 2026-05-18 | 8.66 |
| 2026-05-15 | 8.20 |
| 2026-05-14 | 7.70 |
| 2026-05-13 | 7.80 |
| 2026-05-12 | 8.14 |
| 2026-05-11 | 7.90 |
| 2026-05-08 | 8.07 |
| 2026-05-07 | 8.11 |
| 2026-05-06 | 8.03 |
| 2026-05-05 | 7.92 |
| 2026-05-04 | 7.99 |
| 2026-05-01 | 8.17 |
| 2026-04-30 | 7.93 |
| 2026-04-29 | 8.36 |
| 2026-04-28 | 8.62 |
| 2026-04-27 | 8.92 |
| 2026-04-24 | 8.94 |
| 2026-04-23 | 9.11 |
| 2026-04-22 | 9.21 |
| 2026-04-21 | 9.09 |
| 2026-04-20 | 9.39 |
| 2026-04-17 | 9.29 |
| 2026-04-16 | 8.89 |
| 2026-04-15 | 8.94 |
| 2026-04-14 | 9.14 |
| 2026-04-13 | 9.17 |
| 2026-04-10 | 9.30 |
| 2026-04-09 | 9.54 |
| 2026-04-08 | 9.56 |
| 2026-04-07 | 9.17 |
| 2026-04-06 | 9.18 |
| 2026-04-02 | 9.04 |
| 2026-04-01 | 9.06 |
| 2026-03-31 | 9.12 |
| 2026-03-30 | 8.99 |
| 2026-03-27 | 9.04 |
| 2026-03-26 | 9.60 |
| 2026-03-25 | 9.71 |
| 2026-03-24 | 9.67 |
| 2026-03-23 | 9.58 |
| 2026-03-20 | 9.73 |
| 2026-03-19 | 9.77 |
| 2026-03-18 | 9.83 |
| 2026-03-17 | 9.78 |
| 2026-03-16 | 9.64 |
| 2026-03-13 | 9.33 |
| 2026-03-12 | 9.48 |
| 2026-03-11 | 9.63 |
| 2026-03-10 | 9.85 |
| 2026-03-09 | 9.99 |
| 2026-03-06 | 9.89 |
| 2026-03-05 | 10.27 |
| 2026-03-04 | 10.59 |
| 2026-03-03 | 10.62 |
| 2026-03-02 | 10.72 |
| 2026-02-27 | 10.67 |
| 2026-02-26 | 10.80 |
| 2026-02-25 | 10.63 |
| 2026-02-24 | 10.62 |
| 2026-02-23 | 10.64 |
| 2026-02-20 | 10.62 |
| 2026-02-19 | 10.50 |
| 2026-02-18 | 10.58 |
| 2026-02-17 | 10.23 |
| 2026-02-13 | 10.17 |
| 2026-02-12 | 9.45 |
| 2026-02-11 | 10.18 |
| 2026-02-10 | 10.19 |
| 2026-02-09 | 10.49 |
| 2026-02-06 | 10.46 |
| 2026-02-05 | 10.44 |
| 2026-02-04 | 10.58 |
| 2026-02-03 | 10.70 |
| 2026-02-02 | 10.84 |
| 2026-01-30 | 10.92 |
| 2026-01-29 | 11.06 |
| 2026-01-28 | 10.96 |
| 2026-01-27 | 11.01 |
| 2026-01-26 | 10.96 |
| 2026-01-23 | 10.89 |
| 2026-01-22 | 11.05 |
| 2026-01-21 | 10.78 |
| 2026-01-20 | 10.57 |
| 2026-01-16 | 10.39 |
| 2026-01-15 | 10.35 |
| 2026-01-14 | 10.42 |
| 2026-01-13 | 10.50 |
| 2026-01-12 | 10.61 |
| 2026-01-09 | 10.07 |
| 2026-01-08 | 10.23 |
| 2026-01-07 | 10.48 |
| 2026-01-06 | 10.44 |
| 2026-01-05 | 10.11 |
| 2026-01-02 | 9.94 |
| 2025-12-31 | 9.92 |
| 2025-12-30 | 10.02 |
| 2025-12-29 | 10.08 |
| 2025-12-26 | 10.10 |
| 2025-12-24 | 10.08 |
| 2025-12-23 | 9.99 |
| 2025-12-22 | 10.08 |
| 2025-12-19 | 9.87 |
| 2025-12-18 | 9.85 |
| 2025-12-17 | 9.83 |
| 2025-12-16 | 9.92 |
| 2025-12-15 | 9.82 |
| 2025-12-12 | 10.01 |
| 2025-12-11 | 10.30 |
| 2025-12-10 | 10.10 |
| 2025-12-09 | 9.91 |
| 2025-12-08 | 9.81 |
| 2025-12-05 | 9.79 |
| 2025-12-04 | 9.75 |
| 2025-12-03 | 9.69 |
| 2025-12-02 | 9.63 |
| 2025-12-01 | 9.49 |
| 2025-11-28 | 9.49 |
| 2025-11-26 | 9.34 |
| 2025-11-25 | 9.22 |
| 2025-11-24 | 9.30 |
| 2025-11-21 | 9.00 |
| 2025-11-20 | 8.73 |
| 2025-11-19 | 8.93 |
| 2025-11-18 | 8.99 |
| 2025-11-17 | 8.74 |
| 2025-11-14 | 8.68 |
| 2025-11-13 | 8.92 |
| 2025-11-12 | 8.91 |
| 2025-11-11 | 8.69 |
| 2025-11-10 | 8.20 |
| 2025-11-07 | 8.22 |
| 2025-11-06 | 8.67 |
| 2025-11-05 | 8.86 |
| 2025-11-04 | 9.14 |
| 2025-11-03 | 9.03 |
| 2025-10-31 | 8.70 |
| 2025-10-30 | 10.19 |
| 2025-10-29 | 10.82 |
| 2025-10-28 | 10.98 |
| 2025-10-27 | 11.20 |
| 2025-10-24 | 11.16 |
| 2025-10-23 | 11.27 |
| 2025-10-22 | 11.22 |
| 2025-10-21 | 11.07 |
| 2025-10-20 | 10.86 |
| 2025-10-17 | 10.57 |
| 2025-10-16 | 10.52 |
| 2025-10-15 | 10.38 |
| 2025-10-14 | 10.50 |
| 2025-10-13 | 10.34 |
| 2025-10-10 | 10.33 |
| 2025-10-09 | 10.80 |
| 2025-10-08 | 10.75 |
| 2025-10-07 | 10.48 |
| 2025-10-06 | 10.53 |
| 2025-10-03 | 10.64 |
| 2025-10-02 | 10.54 |
| 2025-10-01 | 10.48 |
| 2025-09-30 | 10.67 |
| 2025-09-29 | 10.54 |
| 2025-09-26 | 10.64 |
| 2025-09-25 | 10.84 |
| 2025-09-24 | 10.71 |
| 2025-09-23 | 10.82 |
| 2025-09-22 | 11.03 |
| 2025-09-19 | 10.70 |
| 2025-09-18 | 12.02 |
| 2025-09-17 | 12.13 |
| 2025-09-16 | 12.14 |
| 2025-09-15 | 11.99 |
| 2025-09-12 | 12.09 |
| 2025-09-11 | 12.06 |
| 2025-09-10 | 12.06 |
| 2025-09-09 | 12.44 |
| 2025-09-08 | 12.37 |
| 2025-09-05 | 12.77 |
| 2025-09-04 | 12.81 |
| 2025-09-03 | 12.52 |
| 2025-09-02 | 11.79 |
| 2025-08-29 | 11.95 |
| 2025-08-28 | 11.91 |
| 2025-08-27 | 12.12 |
| 2025-08-26 | 12.08 |
Showing the most recent 260 of 4,656 data points. The chart above shows the full history.