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 11.85 is in line with its estimated 5-year average of 11.34, near the low end of its estimated 5-year range (1.74–182.56).
As of 2026-10-06T19:12:36.571Z. 87.38% below its estimated 12-month average of 93.90.
Calculation as of: 2026-10-06T19:12:36.571Z.
Quote observation: 2026-10-06T19:10:15.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 295890ca45b9fb7c845dc9b7cfc12ce3e82df22f7cd737cbd4420fef5fb5231a
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
11.85
PB RATIO AVG TTM
93.90
PB RATIO AVG 3Y
47.69
PB RATIO AVG 5Y
11.34
PB RATIO AVG 10Y
N/A
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-87.38%
CURRENT VS 3Y AVG
-75.15%
CURRENT VS 5Y AVG
+4.47%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
2.39
median of 761 covered companies
CURRENT VS SECTOR MEDIAN
+395.82%
vs the sector median at left
Market Cap
$2.29B
PB Ratio
2.29
TTM Avg
2.27
3Y Avg
3.00
5Y Avg
6.05
Market Cap
$2.41B
PB Ratio
2.63
TTM Avg
1.86
3Y Avg
2.96
5Y Avg
3.22
Market Cap
$2.41B
PB Ratio
6.41
TTM Avg
4.95
3Y Avg
4.02
5Y Avg
3.47
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Liquidia Corporation (LQDA) | $2.31B | 11.85 | 93.90 | 47.69 | 11.34 |
| UFP Technologies, Inc. (UFPT)vs › | $2.33B | 5.04 | 4.36 | 5.37 | 4.69 |
| Harmony Biosciences Holdings, Inc. (HRMY)vs › | $2.29B | 2.29 | 2.27 | 3.00 | 6.05 |
| Nurix Therapeutics, Inc. (NRIX)vs › | $2.34B | 5.81 | 4.32 | 3.48 | 2.96 |
| ADMA Biologics, Inc. (ADMA)vs › | $2.36B | 5.77 | 7.24 | 11.83 | 8.79 |
| Alamar Biosciences, Inc. (ALMR)vs › | $2.25B | 7.20 | 6.05 | 6.05 | 6.05 |
| Disc Medicine, Inc. (IRON)vs › | $2.39B | 3.71 | 4.33 | 3.62 | 2.68 |
| Recursion Pharmaceuticals, Inc. (RXRX)vs › | $2.41B | 2.63 | 1.86 | 2.96 | 3.22 |
| Clover Health Investments, Corp. (CLOV)vs › | $2.41B | 6.41 | 4.95 | 4.02 | 3.47 |
| Maravai LifeSciences Holdings, Inc. (MRVI)vs › | $2.20B | 10.73 | 3.04 | 2.28 | 4.60 |
At 11.85, P/B is above its estimated 8-year median — higher than 68% of readings in its estimated 8-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 8-year low
1.32
median
6.92
estimated 8-year high
182.56
P/B Ratio
11.85
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 | 14.36 |
| 2026-10-02 | 14.88 |
| 2026-10-01 | 14.55 |
| 2026-09-30 | 15.73 |
| 2026-09-29 | 36.74 |
| 2026-09-28 | 38.28 |
| 2026-09-25 | 35.56 |
| 2026-09-24 | 36.87 |
| 2026-09-23 | 35.07 |
| 2026-09-22 | 35.67 |
| 2026-09-21 | 34.52 |
| 2026-09-18 | 34.76 |
| 2026-09-17 | 35.54 |
| 2026-09-16 | 35.57 |
| 2026-09-15 | 34.15 |
| 2026-09-14 | 33.94 |
| 2026-09-11 | 34.68 |
| 2026-09-10 | 35.26 |
| 2026-09-09 | 35.92 |
| 2026-09-08 | 35.17 |
| 2026-09-04 | 35.68 |
| 2026-09-03 | 35.67 |
| 2026-09-02 | 36.21 |
| 2026-09-01 | 34.77 |
| 2026-08-31 | 35.43 |
| 2026-08-28 | 35.18 |
| 2026-08-27 | 36.35 |
| 2026-08-26 | 37.08 |
| 2026-08-25 | 36.63 |
| 2026-08-24 | 36.52 |
| 2026-08-21 | 35.66 |
| 2026-08-20 | 36.92 |
| 2026-08-19 | 39.15 |
| 2026-08-18 | 38.63 |
| 2026-08-17 | 40.38 |
| 2026-08-14 | 38.69 |
| 2026-08-13 | 37.47 |
| 2026-08-12 | 73.37 |
| 2026-08-11 | 81.99 |
| 2026-08-10 | 84.77 |
| 2026-08-07 | 84.02 |
| 2026-08-06 | 83.27 |
| 2026-08-05 | 82.99 |
| 2026-08-04 | 82.30 |
| 2026-08-03 | 78.08 |
| 2026-07-31 | 78.33 |
| 2026-07-30 | 80.83 |
| 2026-07-29 | 80.85 |
| 2026-07-28 | 80.85 |
| 2026-07-27 | 78.61 |
| 2026-07-24 | 80.29 |
| 2026-07-23 | 82.91 |
| 2026-07-22 | 81.05 |
| 2026-07-21 | 75.33 |
| 2026-07-20 | 71.78 |
| 2026-07-17 | 74.44 |
| 2026-07-16 | 70.09 |
| 2026-07-15 | 72.40 |
| 2026-07-14 | 71.23 |
| 2026-07-13 | 66.31 |
| 2026-07-10 | 72.57 |
| 2026-07-09 | 75.85 |
| 2026-07-08 | 74.00 |
| 2026-07-07 | 75.64 |
| 2026-07-06 | 73.76 |
| 2026-07-02 | 73.50 |
| 2026-07-01 | 73.87 |
| 2026-06-30 | 74.25 |
| 2026-06-29 | 69.95 |
| 2026-06-26 | 72.79 |
| 2026-06-25 | 71.63 |
| 2026-06-24 | 70.35 |
| 2026-06-23 | 68.95 |
| 2026-06-22 | 70.30 |
| 2026-06-18 | 66.18 |
| 2026-06-17 | 63.93 |
| 2026-06-16 | 63.33 |
| 2026-06-15 | 66.86 |
| 2026-06-12 | 66.33 |
| 2026-06-11 | 66.70 |
| 2026-06-10 | 60.76 |
| 2026-06-09 | 59.61 |
| 2026-06-08 | 59.51 |
| 2026-06-05 | 57.60 |
| 2026-06-04 | 58.24 |
| 2026-06-03 | 51.86 |
| 2026-06-02 | 51.32 |
| 2026-06-01 | 54.71 |
| 2026-05-29 | 57.61 |
| 2026-05-28 | 57.76 |
| 2026-05-27 | 57.76 |
| 2026-05-26 | 55.97 |
| 2026-05-22 | 56.79 |
| 2026-05-21 | 57.71 |
| 2026-05-20 | 57.52 |
| 2026-05-19 | 55.86 |
| 2026-05-18 | 53.05 |
| 2026-05-15 | 53.01 |
| 2026-05-14 | 55.22 |
| 2026-05-13 | 53.63 |
| 2026-05-12 | 52.71 |
| 2026-05-11 | 118.79 |
| 2026-05-08 | 94.58 |
| 2026-05-07 | 94.53 |
| 2026-05-06 | 94.22 |
| 2026-05-05 | 89.73 |
| 2026-05-04 | 86.04 |
| 2026-05-01 | 85.28 |
| 2026-04-30 | 87.67 |
| 2026-04-29 | 85.30 |
| 2026-04-28 | 84.18 |
| 2026-04-27 | 83.49 |
| 2026-04-24 | 83.42 |
| 2026-04-23 | 83.76 |
| 2026-04-22 | 82.86 |
| 2026-04-21 | 81.05 |
| 2026-04-20 | 84.20 |
| 2026-04-17 | 88.25 |
| 2026-04-16 | 92.57 |
| 2026-04-15 | 89.70 |
| 2026-04-14 | 86.55 |
| 2026-04-13 | 86.86 |
| 2026-04-10 | 86.19 |
| 2026-04-09 | 90.15 |
| 2026-04-08 | 85.39 |
| 2026-04-07 | 83.53 |
| 2026-04-06 | 84.18 |
| 2026-04-02 | 84.25 |
| 2026-04-01 | 83.78 |
| 2026-03-31 | 84.38 |
| 2026-03-30 | 78.66 |
| 2026-03-27 | 78.32 |
| 2026-03-26 | 82.21 |
| 2026-03-25 | 81.86 |
| 2026-03-24 | 78.70 |
| 2026-03-23 | 79.37 |
| 2026-03-20 | 81.41 |
| 2026-03-19 | 83.53 |
| 2026-03-18 | 81.90 |
| 2026-03-17 | 82.42 |
| 2026-03-16 | 79.82 |
| 2026-03-13 | 81.97 |
| 2026-03-12 | 84.02 |
| 2026-03-11 | 86.22 |
| 2026-03-10 | 86.82 |
| 2026-03-09 | 80.20 |
| 2026-03-06 | 80.56 |
| 2026-03-05 | 135.15 |
| 2026-03-04 | 134.60 |
| 2026-03-03 | 124.42 |
| 2026-03-02 | 121.13 |
| 2026-02-27 | 121.44 |
| 2026-02-26 | 120.54 |
| 2026-02-25 | 117.45 |
| 2026-02-24 | 131.43 |
| 2026-02-23 | 128.18 |
| 2026-02-20 | 131.51 |
| 2026-02-19 | 137.22 |
| 2026-02-18 | 136.87 |
| 2026-02-17 | 132.48 |
| 2026-02-13 | 149.55 |
| 2026-02-12 | 152.84 |
| 2026-02-11 | 157.27 |
| 2026-02-10 | 158.71 |
| 2026-02-09 | 166.00 |
| 2026-02-06 | 168.50 |
| 2026-02-05 | 162.71 |
| 2026-02-04 | 173.94 |
| 2026-02-03 | 182.56 |
| 2026-02-02 | 173.08 |
| 2026-01-30 | 165.96 |
| 2026-01-29 | 168.58 |
| 2026-01-28 | 164.08 |
| 2026-01-27 | 166.31 |
| 2026-01-26 | 165.25 |
| 2026-01-23 | 158.91 |
| 2026-01-22 | 160.79 |
| 2026-01-21 | 156.56 |
| 2026-01-20 | 154.09 |
| 2026-01-16 | 148.50 |
| 2026-01-15 | 151.86 |
| 2026-01-14 | 156.56 |
| 2026-01-13 | 149.12 |
| 2026-01-12 | 143.29 |
| 2026-01-09 | 140.39 |
| 2026-01-08 | 124.34 |
| 2026-01-07 | 121.33 |
| 2026-01-06 | 120.27 |
| 2026-01-05 | 125.87 |
| 2026-01-02 | 122.93 |
| 2025-12-31 | 135.03 |
| 2025-12-30 | 134.79 |
| 2025-12-29 | 136.05 |
| 2025-12-26 | 134.72 |
| 2025-12-24 | 140.12 |
| 2025-12-23 | 137.96 |
| 2025-12-22 | 140.08 |
| 2025-12-19 | 135.19 |
| 2025-12-18 | 131.82 |
| 2025-12-17 | 133.23 |
| 2025-12-16 | 138.04 |
| 2025-12-15 | 133.85 |
| 2025-12-12 | 130.68 |
| 2025-12-11 | 127.59 |
| 2025-12-10 | 127.94 |
| 2025-12-09 | 133.27 |
| 2025-12-08 | 137.06 |
| 2025-12-05 | 134.72 |
| 2025-12-04 | 132.80 |
| 2025-12-03 | 132.09 |
| 2025-12-02 | 120.54 |
| 2025-12-01 | 125.48 |
| 2025-11-28 | 127.75 |
| 2025-11-26 | 124.18 |
| 2025-11-25 | 126.30 |
| 2025-11-24 | 116.94 |
| 2025-11-21 | 113.97 |
| 2025-11-20 | 111.81 |
| 2025-11-19 | 116.04 |
| 2025-11-18 | 118.23 |
| 2025-11-17 | 111.19 |
| 2025-11-14 | 109.78 |
| 2025-11-13 | 105.47 |
| 2025-11-12 | 110.83 |
| 2025-11-11 | 108.76 |
| 2025-11-10 | 106.72 |
| 2025-11-07 | 102.14 |
| 2025-11-06 | 100.22 |
| 2025-11-05 | 103.43 |
| 2025-11-04 | 109.27 |
| 2025-11-03 | 142.12 |
| 2025-10-31 | 137.27 |
| 2025-10-30 | 130.74 |
| 2025-10-29 | 126.51 |
| 2025-10-28 | 130.46 |
| 2025-10-27 | 128.26 |
| 2025-10-24 | 126.12 |
| 2025-10-23 | 124.09 |
| 2025-10-22 | 125.89 |
| 2025-10-21 | 132.94 |
| 2025-10-20 | 137.73 |
| 2025-10-17 | 126.68 |
| 2025-10-16 | 130.62 |
| 2025-10-15 | 130.51 |
| 2025-10-14 | 128.31 |
| 2025-10-13 | 133.95 |
| 2025-10-10 | 130.68 |
| 2025-10-09 | 136.65 |
| 2025-10-08 | 135.70 |
| 2025-10-07 | 135.41 |
| 2025-10-06 | 128.82 |
| 2025-10-03 | 126.40 |
| 2025-10-02 | 123.41 |
| 2025-10-01 | 124.26 |
| 2025-09-30 | 128.15 |
| 2025-09-29 | 128.48 |
| 2025-09-26 | 122.85 |
| 2025-09-25 | 126.51 |
| 2025-09-24 | 123.64 |
| 2025-09-23 | 126.51 |
Showing the most recent 260 of 1,990 data points. The chart above shows the full history.