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 93.32 is 3029% above its estimated 5-year average of 2.98, near the high end of its estimated 5-year range (0.95–129.82).
As of 2026-10-06T14:56:41.857Z. 555.78% above its estimated 12-month average of 14.23.
Calculation as of: 2026-10-06T14:56:41.857Z.
Quote observation: 2026-10-06T14:38:49.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 4a3a0e03002c1ec33ed026058caacdcc2374dd3411b27b5cd001974e391cfa1f
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
93.32
PB RATIO AVG TTM
14.23
PB RATIO AVG 3Y
3.39
PB RATIO AVG 5Y
2.98
PB RATIO AVG 10Y
3.63
PB RATIO AVG 15Y
4.55
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+555.78%
CURRENT VS 3Y AVG
+2655.12%
CURRENT VS 5Y AVG
+3029.48%
CURRENT VS 10Y AVG
+2467.96%
CURRENT VS 15Y AVG
+1950.15%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
2.36
median of 557 covered companies
CURRENT VS SECTOR MEDIAN
+3854.24%
vs the sector median at left
Market Cap
$35.06M
PB Ratio
1.46
TTM Avg
0.86
3Y Avg
26.80
5Y Avg
28.62
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Edesa Biotech, Inc. (EDSA) | $37.23M | 93.32 | 14.23 | 3.39 | 2.98 |
| iTonic Holdings Ltd. (ITOC)vs › | $37.06M | 1.57 | 0.99 | 0.99 | 0.99 |
| DocGo Inc. (DCGO)vs › | $36.48M | 0.31 | 0.39 | 0.91 | 3.01 |
| Elicio Therapeutics, Inc. (ELTX)vs › | $36.42M | 4.59 | 54.00 | 34.41 | 34.41 |
| Accuray Incorporated (ARAY)vs › | $35.53M | 0.85 | 1.25 | 3.21 | 4.19 |
| Incannex Healthcare Limited (IXHL)vs › | $39.24M | 0.58 | 3.45 | 9.82 | 29.50 |
| Harvard Bioscience, Inc. (HBIO)vs › | $39.28M | 5.30 | 2.49 | 1.97 | 2.18 |
| BriaCell Therapeutics Corp. (BCTX)vs › | $35.06M | 1.46 | 0.86 | 26.80 | 28.62 |
| Nephros, Inc. (NEPH)vs › | $39.63M | 3.31 | 4.32 | 3.40 | 3.09 |
| Elutia Inc (ELUT)vs › | $34.42M | 2.19 | 1.98 | 1.98 | 1.98 |
At 93.32, P/B is above its estimated 16-year median — higher than 97% 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
0.79
median
4.52
estimated 16-year high
134.28
P/B Ratio
93.32
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 | 88.27 |
| 2026-10-02 | 87.15 |
| 2026-10-01 | 90.53 |
| 2026-09-30 | 95.05 |
| 2026-09-29 | 80.37 |
| 2026-09-28 | 82.40 |
| 2026-09-25 | 90.53 |
| 2026-09-24 | 90.98 |
| 2026-09-23 | 89.63 |
| 2026-09-22 | 91.89 |
| 2026-09-21 | 92.79 |
| 2026-09-18 | 93.47 |
| 2026-09-17 | 93.47 |
| 2026-09-16 | 87.37 |
| 2026-09-15 | 93.02 |
| 2026-09-14 | 93.47 |
| 2026-09-11 | 95.50 |
| 2026-09-10 | 105.21 |
| 2026-09-09 | 106.56 |
| 2026-09-08 | 106.79 |
| 2026-09-04 | 106.79 |
| 2026-09-03 | 107.46 |
| 2026-09-02 | 107.46 |
| 2026-09-01 | 107.92 |
| 2026-08-31 | 107.01 |
| 2026-08-28 | 104.30 |
| 2026-08-27 | 103.85 |
| 2026-08-26 | 111.53 |
| 2026-08-25 | 100.47 |
| 2026-08-24 | 99.34 |
| 2026-08-21 | 100.01 |
| 2026-08-20 | 107.46 |
| 2026-08-19 | 129.82 |
| 2026-08-18 | 128.91 |
| 2026-08-17 | 127.56 |
| 2026-08-14 | 120.78 |
| 2026-08-13 | 25.45 |
| 2026-08-12 | 24.84 |
| 2026-08-11 | 25.88 |
| 2026-08-10 | 24.56 |
| 2026-08-07 | 24.70 |
| 2026-08-06 | 23.67 |
| 2026-08-05 | 24.24 |
| 2026-08-04 | 25.13 |
| 2026-08-03 | 24.52 |
| 2026-07-31 | 23.95 |
| 2026-07-30 | 24.61 |
| 2026-07-29 | 25.13 |
| 2026-07-28 | 23.30 |
| 2026-07-27 | 25.08 |
| 2026-07-24 | 24.61 |
| 2026-07-23 | 26.53 |
| 2026-07-22 | 26.63 |
| 2026-07-21 | 28.27 |
| 2026-07-20 | 27.28 |
| 2026-07-17 | 30.94 |
| 2026-07-16 | 31.50 |
| 2026-07-15 | 32.20 |
| 2026-07-14 | 31.60 |
| 2026-07-13 | 31.92 |
| 2026-07-10 | 32.86 |
| 2026-07-09 | 32.91 |
| 2026-07-08 | 34.27 |
| 2026-07-07 | 34.22 |
| 2026-07-06 | 33.80 |
| 2026-07-02 | 35.16 |
| 2026-07-01 | 36.33 |
| 2026-06-30 | 38.11 |
| 2026-06-29 | 35.95 |
| 2026-06-26 | 38.39 |
| 2026-06-25 | 35.02 |
| 2026-06-24 | 37.27 |
| 2026-06-23 | 35.81 |
| 2026-06-22 | 31.92 |
| 2026-06-18 | 34.45 |
| 2026-06-17 | 32.25 |
| 2026-06-16 | 29.39 |
| 2026-06-15 | 27.84 |
| 2026-06-12 | 27.19 |
| 2026-06-11 | 26.49 |
| 2026-06-10 | 24.42 |
| 2026-06-09 | 23.16 |
| 2026-06-08 | 25.17 |
| 2026-06-05 | 25.59 |
| 2026-06-04 | 33.24 |
| 2026-06-03 | 32.16 |
| 2026-06-02 | 32.02 |
| 2026-06-01 | 31.36 |
| 2026-05-29 | 33.85 |
| 2026-05-28 | 36.85 |
| 2026-05-27 | 37.36 |
| 2026-05-26 | 45.47 |
| 2026-05-22 | 49.03 |
| 2026-05-21 | 50.96 |
| 2026-05-20 | 51.24 |
| 2026-05-19 | 56.02 |
| 2026-05-18 | 42.19 |
| 2026-05-15 | 61.17 |
| 2026-05-14 | 25.01 |
| 2026-05-13 | 26.09 |
| 2026-05-12 | 22.72 |
| 2026-05-11 | 26.16 |
| 2026-05-08 | 27.91 |
| 2026-05-07 | 29.84 |
| 2026-05-06 | 25.66 |
| 2026-05-05 | 26.47 |
| 2026-05-04 | 27.58 |
| 2026-05-01 | 30.12 |
| 2026-04-30 | 31.28 |
| 2026-04-29 | 27.22 |
| 2026-04-28 | 24.41 |
| 2026-04-27 | 19.12 |
| 2026-04-24 | 12.43 |
| 2026-04-23 | 11.61 |
| 2026-04-22 | 12.04 |
| 2026-04-21 | 13.10 |
| 2026-04-20 | 11.56 |
| 2026-04-17 | 10.15 |
| 2026-04-16 | 8.80 |
| 2026-04-15 | 9.18 |
| 2026-04-14 | 8.94 |
| 2026-04-13 | 10.10 |
| 2026-04-10 | 9.45 |
| 2026-04-09 | 10.14 |
| 2026-04-08 | 10.20 |
| 2026-04-07 | 10.36 |
| 2026-04-06 | 9.96 |
| 2026-04-02 | 10.51 |
| 2026-04-01 | 9.50 |
| 2026-03-31 | 8.95 |
| 2026-03-30 | 9.13 |
| 2026-03-27 | 9.96 |
| 2026-03-26 | 10.03 |
| 2026-03-25 | 11.25 |
| 2026-03-24 | 12.02 |
| 2026-03-23 | 13.32 |
| 2026-03-20 | 12.58 |
| 2026-03-19 | 12.38 |
| 2026-03-18 | 13.17 |
| 2026-03-17 | 11.98 |
| 2026-03-16 | 8.77 |
| 2026-03-13 | 10.20 |
| 2026-03-12 | 10.92 |
| 2026-03-11 | 11.33 |
| 2026-03-10 | 11.81 |
| 2026-03-09 | 12.22 |
| 2026-03-06 | 11.16 |
| 2026-03-05 | 6.18 |
| 2026-03-04 | 7.31 |
| 2026-03-03 | 7.45 |
| 2026-03-02 | 3.90 |
| 2026-02-27 | 3.77 |
| 2026-02-26 | 2.65 |
| 2026-02-25 | 2.33 |
| 2026-02-24 | 2.59 |
| 2026-02-23 | 1.54 |
| 2026-02-20 | 1.37 |
| 2026-02-19 | 1.55 |
| 2026-02-18 | 1.70 |
| 2026-02-17 | 1.75 |
| 2026-02-13 | 2.25 |
| 2026-02-12 | 2.20 |
| 2026-02-11 | 2.37 |
| 2026-02-10 | 2.32 |
| 2026-02-09 | 2.48 |
| 2026-02-06 | 2.48 |
| 2026-02-05 | 2.48 |
| 2026-02-04 | 2.41 |
| 2026-02-03 | 2.52 |
| 2026-02-02 | 2.72 |
| 2026-01-30 | 2.59 |
| 2026-01-29 | 2.72 |
| 2026-01-28 | 2.96 |
| 2026-01-27 | 3.05 |
| 2026-01-26 | 3.18 |
| 2026-01-23 | 3.20 |
| 2026-01-22 | 3.27 |
| 2026-01-21 | 3.18 |
| 2026-01-20 | 3.23 |
| 2026-01-16 | 3.23 |
| 2026-01-15 | 3.14 |
| 2026-01-14 | 3.20 |
| 2026-01-13 | 3.27 |
| 2026-01-12 | 3.27 |
| 2026-01-09 | 3.32 |
| 2026-01-08 | 3.34 |
| 2026-01-07 | 3.40 |
| 2026-01-06 | 3.29 |
| 2026-01-05 | 3.27 |
| 2026-01-02 | 3.32 |
| 2025-12-31 | 3.14 |
| 2025-12-30 | 3.34 |
| 2025-12-29 | 3.27 |
| 2025-12-26 | 3.18 |
| 2025-12-24 | 2.87 |
| 2025-12-23 | 3.07 |
| 2025-12-22 | 3.23 |
| 2025-12-19 | 3.27 |
| 2025-12-18 | 3.25 |
| 2025-12-17 | 3.36 |
| 2025-12-16 | 3.29 |
| 2025-12-15 | 3.23 |
| 2025-12-12 | 2.49 |
| 2025-12-11 | 2.53 |
| 2025-12-10 | 2.52 |
| 2025-12-09 | 2.56 |
| 2025-12-08 | 2.49 |
| 2025-12-05 | 2.52 |
| 2025-12-04 | 2.42 |
| 2025-12-03 | 2.46 |
| 2025-12-02 | 2.47 |
| 2025-12-01 | 2.45 |
| 2025-11-28 | 2.50 |
| 2025-11-26 | 2.45 |
| 2025-11-25 | 2.40 |
| 2025-11-24 | 2.49 |
| 2025-11-21 | 2.43 |
| 2025-11-20 | 2.47 |
| 2025-11-19 | 2.47 |
| 2025-11-18 | 2.49 |
| 2025-11-17 | 2.49 |
| 2025-11-14 | 2.50 |
| 2025-11-13 | 2.47 |
| 2025-11-12 | 2.56 |
| 2025-11-11 | 2.60 |
| 2025-11-10 | 2.47 |
| 2025-11-07 | 2.45 |
| 2025-11-06 | 2.43 |
| 2025-11-05 | 2.42 |
| 2025-11-04 | 2.43 |
| 2025-11-03 | 2.49 |
| 2025-10-31 | 2.66 |
| 2025-10-30 | 2.67 |
| 2025-10-29 | 2.96 |
| 2025-10-28 | 3.09 |
| 2025-10-27 | 3.76 |
| 2025-10-24 | 3.92 |
| 2025-10-23 | 3.85 |
| 2025-10-22 | 3.91 |
| 2025-10-21 | 3.88 |
| 2025-10-20 | 3.46 |
| 2025-10-17 | 3.38 |
| 2025-10-16 | 3.52 |
| 2025-10-15 | 3.63 |
| 2025-10-14 | 3.59 |
| 2025-10-13 | 3.63 |
| 2025-10-10 | 3.56 |
| 2025-10-09 | 3.73 |
| 2025-10-08 | 3.89 |
| 2025-10-07 | 3.93 |
| 2025-10-06 | 4.12 |
| 2025-10-03 | 3.66 |
| 2025-10-02 | 3.93 |
| 2025-10-01 | 3.68 |
| 2025-09-30 | 3.53 |
| 2025-09-29 | 3.50 |
| 2025-09-26 | 3.56 |
| 2025-09-25 | 3.49 |
| 2025-09-24 | 3.53 |
| 2025-09-23 | 3.40 |
Showing the most recent 260 of 3,829 data points. The chart above shows the full history.