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 3.96 is in line with its 5-year average of 3.90, around the middle of its 5-year range (2.19–5.85).
2.76% below its 12-month average of 4.07.
PB RATIO
3.96
PB RATIO AVG TTM
4.07
PB RATIO AVG 3Y
3.63
PB RATIO AVG 5Y
3.90
PB RATIO AVG 10Y
5.92
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-2.76%
CURRENT VS 3Y AVG
+9.04%
CURRENT VS 5Y AVG
+1.60%
CURRENT VS 10Y AVG
-33.11%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
3.50
median of 74 covered companies
CURRENT VS SECTOR MEDIAN
+13.30%
vs the sector median at left
Market Cap
$24.72B
PB Ratio
8.32
TTM Avg
6.69
3Y Avg
7.92
5Y Avg
9.20
Market Cap
$26.03B
PB Ratio
3.48
TTM Avg
2.97
3Y Avg
2.68
5Y Avg
2.70
Market Cap
$22.03B
PB Ratio
4.15
TTM Avg
3.52
3Y Avg
2.77
5Y Avg
2.65
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Incyte Corporation (INCY) | $24.28B | 3.96 | 4.07 | 3.63 | 3.90 |
| West Pharmaceutical Services, Inc. (WST)vs › | $24.72B | 8.32 | 6.69 | 7.92 | 9.20 |
| BioNTech SE (BNTX)vs › | $23.16B | 1.08 | 1.11 | 1.15 | 2.09 |
| Labcorp Holdings Inc. (LH)vs › | $25.74B | 2.98 | 2.61 | 2.44 | 2.25 |
| STERIS plc (STE)vs › | $22.68B | 3.19 | 3.30 | 3.42 | 3.37 |
| Quest Diagnostics Incorporated (DGX)vs › | $26.03B | 3.48 | 2.97 | 2.68 | 2.70 |
| Waters Corporation (WAT)vs › | $26.07B | 2.59 | 7.09 | 12.69 | 29.40 |
| Moderna, Inc. (MRNA)vs › | $22.32B | 3.34 | 1.93 | 2.10 | 4.16 |
| United Therapeutics Corporation (UTHR)vs › | $22.03B | 4.15 | 3.52 | 2.77 | 2.65 |
| Viatris Inc. (VTRS)vs › | $20.55B | 1.42 | 1.03 | 0.78 | 0.74 |
At 3.96, P/B is cheaper than usual, sitting higher than 21% of its 13-year history.
13-year low
2.19
median
7.05
13-year high
444.38
P/B Ratio
3.96
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 |
|---|---|
| 2026-08-04 | 3.96 |
| 2026-08-03 | 3.89 |
| 2026-07-31 | 3.92 |
| 2026-07-30 | 4.04 |
| 2026-07-29 | 4.17 |
| 2026-07-28 | 4.26 |
| 2026-07-27 | 4.43 |
| 2026-07-24 | 4.38 |
| 2026-07-23 | 4.35 |
| 2026-07-22 | 4.31 |
| 2026-07-21 | 4.37 |
| 2026-07-20 | 4.31 |
| 2026-07-17 | 4.37 |
| 2026-07-16 | 4.35 |
| 2026-07-15 | 4.29 |
| 2026-07-14 | 4.28 |
| 2026-07-13 | 4.26 |
| 2026-07-10 | 4.35 |
| 2026-07-09 | 4.42 |
| 2026-07-08 | 4.37 |
| 2026-07-07 | 4.40 |
| 2026-07-06 | 4.31 |
| 2026-07-02 | 4.35 |
| 2026-07-01 | 4.24 |
| 2026-06-30 | 4.22 |
| 2026-06-29 | 4.27 |
| 2026-06-26 | 4.24 |
| 2026-06-25 | 4.01 |
| 2026-06-24 | 4.04 |
| 2026-06-23 | 3.89 |
| 2026-06-22 | 3.86 |
| 2026-06-18 | 3.66 |
| 2026-06-17 | 3.69 |
| 2026-06-16 | 3.72 |
| 2026-06-15 | 3.80 |
| 2026-06-12 | 4.04 |
| 2026-06-11 | 4.02 |
| 2026-06-10 | 3.93 |
| 2026-06-09 | 3.85 |
| 2026-06-08 | 3.75 |
| 2026-06-05 | 3.81 |
| 2026-06-04 | 3.77 |
| 2026-06-03 | 3.65 |
| 2026-06-02 | 3.44 |
| 2026-06-01 | 3.56 |
| 2026-05-29 | 3.60 |
| 2026-05-28 | 3.63 |
| 2026-05-27 | 3.63 |
| 2026-05-26 | 3.62 |
| 2026-05-22 | 3.62 |
| 2026-05-21 | 3.63 |
| 2026-05-20 | 3.62 |
| 2026-05-19 | 3.56 |
| 2026-05-18 | 3.55 |
| 2026-05-15 | 3.55 |
| 2026-05-14 | 3.64 |
| 2026-05-13 | 3.68 |
| 2026-05-12 | 3.69 |
| 2026-05-11 | 3.74 |
| 2026-05-08 | 3.67 |
| 2026-05-07 | 3.64 |
| 2026-05-06 | 3.72 |
| 2026-05-05 | 3.63 |
| 2026-05-04 | 3.62 |
| 2026-05-01 | 3.61 |
| 2026-04-30 | 3.55 |
| 2026-04-29 | 3.69 |
| 2026-04-28 | 3.64 |
| 2026-04-27 | 3.79 |
| 2026-04-24 | 3.75 |
| 2026-04-23 | 3.78 |
| 2026-04-22 | 3.83 |
| 2026-04-21 | 3.81 |
| 2026-04-20 | 3.84 |
| 2026-04-17 | 3.88 |
| 2026-04-16 | 3.78 |
| 2026-04-15 | 3.85 |
| 2026-04-14 | 3.87 |
| 2026-04-13 | 3.79 |
| 2026-04-10 | 3.81 |
| 2026-04-09 | 3.84 |
| 2026-04-08 | 3.80 |
| 2026-04-07 | 3.71 |
| 2026-04-06 | 3.76 |
| 2026-04-02 | 3.80 |
| 2026-04-01 | 3.74 |
| 2026-03-31 | 3.73 |
| 2026-03-30 | 3.58 |
| 2026-03-27 | 3.58 |
| 2026-03-26 | 3.66 |
| 2026-03-25 | 3.65 |
| 2026-03-24 | 3.59 |
| 2026-03-23 | 3.58 |
| 2026-03-20 | 3.60 |
| 2026-03-19 | 3.68 |
| 2026-03-18 | 3.66 |
| 2026-03-17 | 3.73 |
| 2026-03-16 | 3.69 |
| 2026-03-13 | 3.67 |
| 2026-03-12 | 3.65 |
| 2026-03-11 | 3.75 |
| 2026-03-10 | 3.80 |
| 2026-03-09 | 3.85 |
| 2026-03-06 | 3.80 |
| 2026-03-05 | 3.86 |
| 2026-03-04 | 3.92 |
| 2026-03-03 | 3.89 |
| 2026-03-02 | 3.96 |
| 2026-02-27 | 4.01 |
| 2026-02-26 | 3.97 |
| 2026-02-25 | 3.96 |
| 2026-02-24 | 4.00 |
| 2026-02-23 | 4.00 |
| 2026-02-20 | 4.01 |
| 2026-02-19 | 4.03 |
| 2026-02-18 | 4.08 |
| 2026-02-17 | 4.01 |
| 2026-02-13 | 4.01 |
| 2026-02-12 | 3.99 |
| 2026-02-11 | 3.92 |
| 2026-02-10 | 3.96 |
| 2026-02-09 | 4.72 |
| 2026-02-06 | 4.69 |
| 2026-02-05 | 4.45 |
| 2026-02-04 | 4.44 |
| 2026-02-03 | 4.37 |
| 2026-02-02 | 4.45 |
| 2026-01-30 | 4.33 |
| 2026-01-29 | 4.38 |
| 2026-01-28 | 4.38 |
| 2026-01-27 | 4.48 |
| 2026-01-26 | 4.44 |
| 2026-01-23 | 4.42 |
| 2026-01-22 | 4.55 |
| 2026-01-21 | 4.53 |
| 2026-01-20 | 4.44 |
| 2026-01-16 | 4.60 |
| 2026-01-15 | 4.56 |
| 2026-01-14 | 4.59 |
| 2026-01-13 | 4.48 |
| 2026-01-12 | 4.60 |
| 2026-01-09 | 4.63 |
| 2026-01-08 | 4.59 |
| 2026-01-07 | 4.79 |
| 2026-01-06 | 4.62 |
| 2026-01-05 | 4.41 |
| 2026-01-02 | 4.39 |
| 2025-12-31 | 4.28 |
| 2025-12-30 | 4.28 |
| 2025-12-29 | 4.30 |
| 2025-12-26 | 4.34 |
| 2025-12-24 | 4.35 |
| 2025-12-23 | 4.37 |
| 2025-12-22 | 4.36 |
| 2025-12-19 | 4.45 |
| 2025-12-18 | 4.21 |
| 2025-12-17 | 4.23 |
| 2025-12-16 | 4.20 |
| 2025-12-15 | 4.27 |
| 2025-12-12 | 4.13 |
| 2025-12-11 | 4.16 |
| 2025-12-10 | 4.12 |
| 2025-12-09 | 4.12 |
| 2025-12-08 | 4.19 |
| 2025-12-05 | 4.44 |
| 2025-12-04 | 4.35 |
| 2025-12-03 | 4.40 |
| 2025-12-02 | 4.39 |
| 2025-12-01 | 4.42 |
| 2025-11-28 | 4.52 |
| 2025-11-26 | 4.58 |
| 2025-11-25 | 4.57 |
| 2025-11-24 | 4.60 |
| 2025-11-21 | 4.42 |
| 2025-11-20 | 4.41 |
| 2025-11-19 | 4.39 |
| 2025-11-18 | 4.50 |
| 2025-11-17 | 4.51 |
| 2025-11-14 | 4.51 |
| 2025-11-13 | 4.56 |
| 2025-11-12 | 4.69 |
| 2025-11-11 | 4.68 |
| 2025-11-10 | 4.59 |
| 2025-11-07 | 4.59 |
| 2025-11-06 | 4.56 |
| 2025-11-05 | 4.58 |
| 2025-11-04 | 4.46 |
| 2025-11-03 | 4.40 |
| 2025-10-31 | 4.05 |
| 2025-10-30 | 4.01 |
| 2025-10-29 | 3.91 |
| 2025-10-28 | 3.97 |
| 2025-10-27 | 4.44 |
| 2025-10-24 | 4.35 |
| 2025-10-23 | 4.26 |
| 2025-10-22 | 4.20 |
| 2025-10-21 | 4.16 |
| 2025-10-20 | 4.11 |
| 2025-10-17 | 4.17 |
| 2025-10-16 | 4.16 |
| 2025-10-15 | 4.20 |
| 2025-10-14 | 4.10 |
| 2025-10-13 | 4.04 |
| 2025-10-10 | 3.99 |
| 2025-10-09 | 4.04 |
| 2025-10-08 | 4.07 |
| 2025-10-07 | 4.15 |
| 2025-10-06 | 4.16 |
| 2025-10-03 | 4.14 |
| 2025-10-02 | 4.11 |
| 2025-10-01 | 4.13 |
| 2025-09-30 | 4.04 |
| 2025-09-29 | 4.00 |
| 2025-09-26 | 3.94 |
| 2025-09-25 | 3.89 |
| 2025-09-24 | 4.01 |
| 2025-09-23 | 4.03 |
| 2025-09-22 | 4.04 |
| 2025-09-19 | 4.12 |
| 2025-09-18 | 4.10 |
| 2025-09-17 | 4.04 |
| 2025-09-16 | 4.00 |
| 2025-09-15 | 3.96 |
| 2025-09-12 | 3.96 |
| 2025-09-11 | 4.11 |
| 2025-09-10 | 4.11 |
| 2025-09-09 | 4.08 |
| 2025-09-08 | 4.12 |
| 2025-09-05 | 4.13 |
| 2025-09-04 | 4.07 |
| 2025-09-03 | 4.14 |
| 2025-09-02 | 4.10 |
| 2025-08-29 | 4.03 |
| 2025-08-28 | 3.99 |
| 2025-08-27 | 4.04 |
| 2025-08-26 | 4.00 |
| 2025-08-25 | 4.04 |
| 2025-08-22 | 4.05 |
| 2025-08-21 | 4.12 |
| 2025-08-20 | 4.11 |
| 2025-08-19 | 4.07 |
| 2025-08-18 | 4.05 |
| 2025-08-15 | 4.14 |
| 2025-08-14 | 4.11 |
| 2025-08-13 | 4.09 |
| 2025-08-12 | 3.89 |
| 2025-08-11 | 3.77 |
| 2025-08-08 | 3.74 |
| 2025-08-07 | 3.73 |
| 2025-08-06 | 3.70 |
| 2025-08-05 | 3.70 |
| 2025-08-04 | 3.72 |
| 2025-08-01 | 3.60 |
| 2025-07-31 | 3.57 |
| 2025-07-30 | 3.70 |
| 2025-07-29 | 3.69 |
| 2025-07-28 | 3.79 |
| 2025-07-25 | 3.79 |
| 2025-07-24 | 3.81 |
| 2025-07-23 | 3.82 |
Showing the most recent 260 of 2,842 data points. The chart above shows the full history.
