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 8.00 is 188% above its estimated 5-year average of 2.78, near the high end of its estimated 5-year range (0.70–9.06).
As of 2026-10-06T16:17:16.522Z. 317.21% above its estimated 12-month average of 1.92.
Calculation as of: 2026-10-06T16:17:16.522Z.
Quote observation: 2026-10-06T16:15:17.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: f23401f377ae0c42cb4058dfce1620411e9c781823cb8ffdb9eedba1333334c1
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
8.00
PB RATIO AVG TTM
1.92
PB RATIO AVG 3Y
2.60
PB RATIO AVG 5Y
2.78
PB RATIO AVG 10Y
3.83
PB RATIO AVG 15Y
4.11
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+317.21%
CURRENT VS 3Y AVG
+207.94%
CURRENT VS 5Y AVG
+187.58%
CURRENT VS 10Y AVG
+108.74%
CURRENT VS 15Y AVG
+94.72%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
2.39
median of 649 covered companies
CURRENT VS SECTOR MEDIAN
+234.73%
vs the sector median at left
Market Cap
$5.96B
PB Ratio
6.16
TTM Avg
4.94
3Y Avg
3.23
5Y Avg
2.58
Market Cap
$5.77B
PB Ratio
8.82
TTM Avg
7.30
3Y Avg
4.93
5Y Avg
4.35
Market Cap
$5.56B
PB Ratio
1.53
TTM Avg
1.44
3Y Avg
1.44
5Y Avg
1.44
Market Cap
$6.39B
PB Ratio
62.05
TTM Avg
51.71
3Y Avg
97.61
5Y Avg
57.99
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Iovance Biotherapeutics, Inc. (IOVA) | $5.89B | 8.00 | 1.92 | 2.60 | 2.78 |
| Ligand Pharmaceuticals Incorporated (LGND)vs › | $5.96B | 6.16 | 4.94 | 3.23 | 2.58 |
| GRAIL Inc. (GRAL)vs › | $5.98B | 2.35 | 1.24 | 0.87 | 0.87 |
| Kiniksa Pharmaceuticals International, plc (KNSA)vs › | $5.77B | 8.82 | 7.30 | 4.93 | 4.35 |
| CG Oncology Inc. (CGON)vs › | $5.73B | 5.56 | 5.67 | 4.44 | 4.44 |
| MiniMed Group, Inc. Common Stock (MMED)vs › | $5.56B | 1.53 | 1.44 | 1.44 | 1.44 |
| RadNet, Inc. (RDNT)vs › | $5.52B | 5.04 | 4.88 | 4.88 | 4.81 |
| Rhythm Pharmaceuticals, Inc. (RYTM)vs › | $6.39B | 62.05 | 51.71 | 97.61 | 57.99 |
| PTC Therapeutics, Inc. (PTCT)vs › | $5.35B | N/A | 375.27 | 129.65 | 80.59 |
| Doximity, Inc. (DOCS)vs › | $5.33B | 5.82 | 6.47 | 8.17 | 8.59 |
At 8.00, P/B is above its estimated 16-year median — higher than 79% 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
0.70
median
3.61
estimated 16-year high
719.00
P/B Ratio
8.00
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 | 8.65 |
| 2026-10-02 | 8.70 |
| 2026-10-01 | 8.70 |
| 2026-09-30 | 9.06 |
| 2026-09-29 | 8.84 |
| 2026-09-28 | 6.72 |
| 2026-09-25 | 6.73 |
| 2026-09-24 | 6.61 |
| 2026-09-23 | 6.23 |
| 2026-09-22 | 6.51 |
| 2026-09-21 | 6.23 |
| 2026-09-18 | 6.27 |
| 2026-09-17 | 6.13 |
| 2026-09-16 | 6.04 |
| 2026-09-15 | 5.72 |
| 2026-09-14 | 5.66 |
| 2026-09-11 | 5.26 |
| 2026-09-10 | 4.98 |
| 2026-09-09 | 5.16 |
| 2026-09-08 | 5.32 |
| 2026-09-04 | 5.38 |
| 2026-09-03 | 5.32 |
| 2026-09-02 | 5.27 |
| 2026-09-01 | 5.06 |
| 2026-08-31 | 5.00 |
| 2026-08-28 | 4.90 |
| 2026-08-27 | 5.05 |
| 2026-08-26 | 4.94 |
| 2026-08-25 | 5.16 |
| 2026-08-24 | 4.93 |
| 2026-08-21 | 5.07 |
| 2026-08-20 | 5.50 |
| 2026-08-19 | 4.89 |
| 2026-08-18 | 4.30 |
| 2026-08-17 | 4.34 |
| 2026-08-14 | 4.27 |
| 2026-08-13 | 3.99 |
| 2026-08-12 | 4.12 |
| 2026-08-11 | 3.97 |
| 2026-08-10 | 3.91 |
| 2026-08-07 | 3.88 |
| 2026-08-06 | 3.60 |
| 2026-08-05 | 2.52 |
| 2026-08-04 | 2.53 |
| 2026-08-03 | 2.50 |
| 2026-07-31 | 2.36 |
| 2026-07-30 | 2.72 |
| 2026-07-29 | 2.64 |
| 2026-07-28 | 2.73 |
| 2026-07-27 | 2.84 |
| 2026-07-24 | 2.89 |
| 2026-07-23 | 2.97 |
| 2026-07-22 | 3.00 |
| 2026-07-21 | 3.18 |
| 2026-07-20 | 2.91 |
| 2026-07-17 | 2.90 |
| 2026-07-16 | 2.70 |
| 2026-07-15 | 2.75 |
| 2026-07-14 | 2.28 |
| 2026-07-13 | 2.34 |
| 2026-07-10 | 2.45 |
| 2026-07-09 | 2.53 |
| 2026-07-08 | 2.48 |
| 2026-07-07 | 2.52 |
| 2026-07-06 | 2.43 |
| 2026-07-02 | 2.50 |
| 2026-07-01 | 2.30 |
| 2026-06-30 | 2.41 |
| 2026-06-29 | 2.44 |
| 2026-06-26 | 2.46 |
| 2026-06-25 | 2.44 |
| 2026-06-24 | 2.46 |
| 2026-06-23 | 2.57 |
| 2026-06-22 | 2.35 |
| 2026-06-18 | 2.27 |
| 2026-06-17 | 2.28 |
| 2026-06-16 | 2.22 |
| 2026-06-15 | 2.34 |
| 2026-06-12 | 2.37 |
| 2026-06-11 | 2.30 |
| 2026-06-10 | 2.19 |
| 2026-06-09 | 2.25 |
| 2026-06-08 | 2.32 |
| 2026-06-05 | 2.45 |
| 2026-06-04 | 2.54 |
| 2026-06-03 | 2.20 |
| 2026-06-02 | 2.38 |
| 2026-06-01 | 2.30 |
| 2026-05-29 | 2.38 |
| 2026-05-28 | 2.49 |
| 2026-05-27 | 2.53 |
| 2026-05-26 | 2.38 |
| 2026-05-22 | 2.38 |
| 2026-05-21 | 2.15 |
| 2026-05-20 | 2.05 |
| 2026-05-19 | 2.01 |
| 2026-05-18 | 1.97 |
| 2026-05-15 | 2.00 |
| 2026-05-14 | 2.04 |
| 2026-05-13 | 2.12 |
| 2026-05-12 | 2.06 |
| 2026-05-11 | 2.15 |
| 2026-05-08 | 2.10 |
| 2026-05-07 | 2.07 |
| 2026-05-06 | 2.38 |
| 2026-05-05 | 2.32 |
| 2026-05-04 | 2.24 |
| 2026-05-01 | 1.98 |
| 2026-04-30 | 1.96 |
| 2026-04-29 | 1.93 |
| 2026-04-28 | 1.97 |
| 2026-04-27 | 2.00 |
| 2026-04-24 | 2.00 |
| 2026-04-23 | 2.03 |
| 2026-04-22 | 2.06 |
| 2026-04-21 | 2.16 |
| 2026-04-20 | 2.20 |
| 2026-04-17 | 2.25 |
| 2026-04-16 | 2.21 |
| 2026-04-15 | 2.23 |
| 2026-04-14 | 2.12 |
| 2026-04-13 | 2.02 |
| 2026-04-10 | 2.16 |
| 2026-04-09 | 2.34 |
| 2026-04-08 | 2.02 |
| 2026-04-07 | 1.93 |
| 2026-04-06 | 1.92 |
| 2026-04-02 | 2.00 |
| 2026-04-01 | 2.01 |
| 2026-03-31 | 2.04 |
| 2026-03-30 | 1.93 |
| 2026-03-27 | 2.04 |
| 2026-03-26 | 2.15 |
| 2026-03-25 | 2.18 |
| 2026-03-24 | 2.11 |
| 2026-03-23 | 2.11 |
| 2026-03-20 | 2.15 |
| 2026-03-19 | 2.25 |
| 2026-03-18 | 2.20 |
| 2026-03-17 | 2.27 |
| 2026-03-16 | 2.35 |
| 2026-03-13 | 2.31 |
| 2026-03-12 | 2.37 |
| 2026-03-11 | 2.82 |
| 2026-03-10 | 3.03 |
| 2026-03-09 | 3.15 |
| 2026-03-06 | 2.99 |
| 2026-03-05 | 2.67 |
| 2026-03-04 | 2.48 |
| 2026-03-03 | 2.18 |
| 2026-03-02 | 2.21 |
| 2026-02-27 | 2.25 |
| 2026-02-26 | 2.21 |
| 2026-02-25 | 2.23 |
| 2026-02-24 | 1.96 |
| 2026-02-23 | 1.50 |
| 2026-02-20 | 1.49 |
| 2026-02-19 | 1.48 |
| 2026-02-18 | 1.41 |
| 2026-02-17 | 1.36 |
| 2026-02-13 | 1.33 |
| 2026-02-12 | 1.31 |
| 2026-02-11 | 1.35 |
| 2026-02-10 | 1.35 |
| 2026-02-09 | 1.35 |
| 2026-02-06 | 1.31 |
| 2026-02-05 | 1.22 |
| 2026-02-04 | 1.26 |
| 2026-02-03 | 1.37 |
| 2026-02-02 | 1.35 |
| 2026-01-30 | 1.32 |
| 2026-01-29 | 1.36 |
| 2026-01-28 | 1.43 |
| 2026-01-27 | 1.54 |
| 2026-01-26 | 1.50 |
| 2026-01-23 | 1.37 |
| 2026-01-22 | 1.39 |
| 2026-01-21 | 1.30 |
| 2026-01-20 | 1.26 |
| 2026-01-16 | 1.22 |
| 2026-01-15 | 1.15 |
| 2026-01-14 | 1.23 |
| 2026-01-13 | 1.22 |
| 2026-01-12 | 1.24 |
| 2026-01-09 | 1.27 |
| 2026-01-08 | 1.35 |
| 2026-01-07 | 1.44 |
| 2026-01-06 | 1.32 |
| 2026-01-05 | 1.27 |
| 2026-01-02 | 1.31 |
| 2025-12-31 | 1.42 |
| 2025-12-30 | 1.44 |
| 2025-12-29 | 1.45 |
| 2025-12-26 | 1.48 |
| 2025-12-24 | 1.49 |
| 2025-12-23 | 1.46 |
| 2025-12-22 | 1.44 |
| 2025-12-19 | 1.29 |
| 2025-12-18 | 1.28 |
| 2025-12-17 | 1.31 |
| 2025-12-16 | 1.17 |
| 2025-12-15 | 1.12 |
| 2025-12-12 | 1.14 |
| 2025-12-11 | 1.17 |
| 2025-12-10 | 1.17 |
| 2025-12-09 | 1.17 |
| 2025-12-08 | 1.20 |
| 2025-12-05 | 1.14 |
| 2025-12-04 | 1.14 |
| 2025-12-03 | 1.15 |
| 2025-12-02 | 1.10 |
| 2025-12-01 | 1.16 |
| 2025-11-28 | 1.28 |
| 2025-11-26 | 1.26 |
| 2025-11-25 | 1.29 |
| 2025-11-24 | 1.30 |
| 2025-11-21 | 1.16 |
| 2025-11-20 | 1.13 |
| 2025-11-19 | 1.17 |
| 2025-11-18 | 1.26 |
| 2025-11-17 | 1.25 |
| 2025-11-14 | 1.28 |
| 2025-11-13 | 1.25 |
| 2025-11-12 | 1.32 |
| 2025-11-11 | 1.37 |
| 2025-11-10 | 1.23 |
| 2025-11-07 | 1.19 |
| 2025-11-06 | 1.11 |
| 2025-11-05 | 0.87 |
| 2025-11-04 | 0.87 |
| 2025-11-03 | 0.93 |
| 2025-10-31 | 0.94 |
| 2025-10-30 | 0.93 |
| 2025-10-29 | 0.96 |
| 2025-10-28 | 1.05 |
| 2025-10-27 | 1.11 |
| 2025-10-24 | 1.08 |
| 2025-10-23 | 1.05 |
| 2025-10-22 | 1.03 |
| 2025-10-21 | 1.09 |
| 2025-10-20 | 1.11 |
| 2025-10-17 | 1.04 |
| 2025-10-16 | 1.07 |
| 2025-10-15 | 1.07 |
| 2025-10-14 | 1.02 |
| 2025-10-13 | 1.02 |
| 2025-10-10 | 1.01 |
| 2025-10-09 | 1.05 |
| 2025-10-08 | 1.09 |
| 2025-10-07 | 1.04 |
| 2025-10-06 | 1.06 |
| 2025-10-03 | 1.12 |
| 2025-10-02 | 1.08 |
| 2025-10-01 | 1.06 |
| 2025-09-30 | 1.04 |
| 2025-09-29 | 1.07 |
| 2025-09-26 | 1.01 |
| 2025-09-25 | 0.97 |
| 2025-09-24 | 1.02 |
| 2025-09-23 | 0.99 |
Showing the most recent 260 of 3,364 data points. The chart above shows the full history.