PB Ratio: 17.86

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 17.86 is 982% above its estimated 5-year average of 1.65, around the middle of its estimated 5-year range (0.51–26.70).

As of 2026-10-06T22:27:18.014Z. 61.13% above its estimated 12-month average of 11.08.

INO PB Ratio Metrics

P/B vs. estimated history

At 17.86, P/B is above its estimated 20-year median — higher than 98% of readings in its estimated 20-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.

Book Value Analysis

PB Ratio Formula & Definition

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

PB Ratio FAQ

What is the P/B ratio for Inovio Pharmaceuticals, Inc. (INO)?

The P/B ratio for INO stock is 17.86.

Is Inovio Pharmaceuticals, Inc.'s P/B ratio high or low?

The P/B ratio of 17.86 is 982% above its estimated 5-year average of 1.65, around the middle of its estimated 5-year range (0.51–26.70).

What is the estimated TTM average P/B ratio for Inovio Pharmaceuticals, Inc. (INO)?

The estimated TTM average P/B ratio for INO stock is 11.08.

What is the estimated 3Y average P/B ratio for Inovio Pharmaceuticals, Inc. (INO)?

The estimated 3Y average P/B ratio for INO stock is 1.81.

What is the estimated 5Y average P/B ratio for Inovio Pharmaceuticals, Inc. (INO)?

The estimated 5Y average P/B ratio for INO stock is 1.65.

What is the estimated 10Y average P/B ratio for Inovio Pharmaceuticals, Inc. (INO)?

The estimated 10Y average P/B ratio for INO stock is 2.79.

What is the estimated 15Y average P/B ratio for Inovio Pharmaceuticals, Inc. (INO)?

The estimated 15Y average P/B ratio for INO stock is 2.71.

What is the estimated 20Y average P/B ratio for Inovio Pharmaceuticals, Inc. (INO)?

The estimated 20Y average P/B ratio for INO stock is 2.47.

Showing the most recent 260 of 4,947 data points. The chart above shows the full history.

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