Basis: FMP quote market capitalization / matching reported stockholders equity. 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 2172.66 is 78% above its estimated 5-year average of 1221.43, around the middle of its estimated 5-year range (166.53–4294.04).
As of 2026-09-17T00:15:51.473Z. 1.64% below its estimated 12-month average of 2208.95.
Calculation as of: 2026-09-17T00:15:51.473Z.
Quote observation: 2026-09-16T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: b4523606e21aacde325679aa5b9f63b685ee01750f17784c69cc48842d19db54
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 2026-09-11.
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
2172.66
PB RATIO AVG TTM
2208.95
PB RATIO AVG 3Y
2208.95
PB RATIO AVG 5Y
1221.43
PB RATIO AVG 10Y
76.67
PB RATIO AVG 15Y
23.94
PB RATIO AVG 20Y
16.86
CURRENT VS TTM AVG
-1.64%
CURRENT VS 3Y AVG
-1.64%
CURRENT VS 5Y AVG
+77.88%
CURRENT VS 10Y AVG
+2733.60%
CURRENT VS 15Y AVG
+8974.23%
CURRENT VS 20Y AVG
+12789.60%
SECTOR MEDIAN · HEALTHCARE
4.17
median of 84 covered companies
CURRENT VS SECTOR MEDIAN
+52002.16%
vs the sector median at left
Mettler-Toledo International Inc.
Market Cap
$27.86B
PB Ratio
2172.66
TTM Avg
2208.95
3Y Avg
2208.95
5Y Avg
1221.43
Market Cap
$28.68B
PB Ratio
2.61
TTM Avg
3.25
3Y Avg
4.14
5Y Avg
4.14
Market Cap
$25.48B
PB Ratio
8.52
TTM Avg
6.91
3Y Avg
7.84
5Y Avg
9.04
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Mettler-Toledo International Inc. (MTD) | $27.86B | 2172.66 | 2208.95 | 2208.95 | 1221.43 |
| Medline Inc. (MDLN)vs › | $27.90B | 2.41 | 3.04 | 3.04 | 3.04 |
| Quest Diagnostics Incorporated (DGX)vs › | $27.27B | 3.63 | 3.05 | 2.72 | 2.71 |
| GE HealthCare Technologies Inc. (GEHC)vs › | $28.68B | 2.61 | 3.25 | 4.14 | 4.14 |
| Labcorp Holdings Inc. (LH)vs › | $26.61B | 3.09 | 2.66 | 2.48 | 2.27 |
| West Pharmaceutical Services, Inc. (WST)vs › | $25.48B | 8.52 | 6.91 | 7.84 | 9.04 |
| Incyte Corporation (INCY)vs › | $25.29B | 3.99 | 4.09 | 3.67 | 3.87 |
| Zoetis Inc. (ZTS)vs › | $30.61B | 9.72 | 11.85 | 14.53 | 16.11 |
| Waters Corporation (WAT)vs › | $31.31B | 2.06 | 6.59 | 12.12 | 27.70 |
| BioNTech SE (BNTX)vs › | $24.07B | 1.19 | 1.12 | 1.15 | 1.82 |
At 2172.66, 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.
estimated 20-year low
3.06
median
10.16
estimated 20-year high
4294.04
P/B Ratio
2172.66
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 |
|---|---|
| 2026-09-11 | 2034.28 |
| 2026-09-10 | 2013.92 |
| 2026-09-09 | 2029.31 |
| 2026-09-08 | 2084.60 |
| 2026-09-04 | 2115.64 |
| 2026-09-03 | 2132.90 |
| 2026-09-02 | 2151.00 |
| 2026-09-01 | 2163.93 |
| 2026-08-31 | 2209.82 |
| 2026-08-28 | 2199.50 |
| 2026-08-27 | 2213.42 |
| 2026-08-26 | 2199.31 |
| 2026-08-25 | 2205.27 |
| 2026-08-24 | 2199.99 |
| 2026-08-21 | 2194.26 |
| 2026-08-20 | 2191.09 |
| 2026-08-19 | 2241.19 |
| 2026-08-18 | 2201.21 |
| 2026-08-17 | 2229.13 |
| 2026-08-14 | 2231.64 |
| 2026-08-13 | 2250.11 |
| 2026-08-12 | 2262.33 |
| 2026-08-11 | 2260.20 |
| 2026-08-10 | 2245.03 |
| 2026-08-07 | 2248.06 |
| 2026-08-06 | 2235.14 |
| 2026-08-05 | 2235.58 |
| 2026-08-04 | 2259.92 |
| 2026-08-03 | 2272.50 |
| 2023-05-05 | 1287.90 |
| 2023-05-04 | 1333.28 |
| 2023-05-03 | 1348.55 |
| 2023-05-02 | 1357.94 |
| 2023-05-01 | 1373.14 |
| 2023-04-28 | 1348.01 |
| 2023-04-27 | 1316.45 |
| 2023-04-26 | 1321.04 |
| 2023-04-25 | 1328.88 |
| 2023-04-24 | 1422.77 |
| 2023-04-21 | 1409.37 |
| 2023-04-20 | 1391.45 |
| 2023-04-19 | 1445.16 |
| 2023-04-18 | 1436.33 |
| 2023-04-17 | 1442.38 |
| 2023-04-14 | 1425.24 |
| 2023-04-13 | 1429.54 |
| 2023-04-12 | 1385.92 |
| 2023-04-11 | 1380.43 |
| 2023-04-10 | 1375.24 |
| 2023-04-06 | 1356.52 |
| 2023-04-05 | 1382.69 |
| 2023-04-04 | 1382.39 |
| 2023-04-03 | 1383.30 |
| 2023-03-31 | 1383.00 |
| 2023-03-30 | 1355.46 |
| 2023-03-29 | 1352.36 |
| 2023-03-28 | 1331.87 |
| 2023-03-27 | 1339.00 |
| 2023-03-24 | 1319.32 |
| 2023-03-23 | 1311.50 |
| 2023-03-22 | 1312.55 |
| 2023-03-21 | 1355.89 |
| 2023-03-20 | 1332.84 |
| 2023-03-17 | 1315.12 |
| 2023-03-16 | 1328.45 |
| 2023-03-15 | 1300.45 |
| 2023-03-14 | 1328.46 |
| 2023-03-13 | 1301.08 |
| 2023-03-10 | 1295.36 |
| 2023-03-09 | 1333.61 |
| 2023-03-08 | 1346.87 |
| 2023-03-07 | 1331.45 |
| 2023-03-06 | 1361.04 |
| 2023-03-03 | 1363.50 |
| 2023-03-02 | 1337.16 |
| 2023-03-01 | 1281.55 |
| 2023-02-28 | 1295.78 |
| 2023-02-27 | 1293.86 |
| 2023-02-24 | 1290.70 |
| 2023-02-23 | 1326.46 |
| 2023-02-22 | 1315.39 |
| 2023-02-21 | 1318.66 |
| 2023-02-17 | 1368.28 |
| 2023-02-16 | 1386.88 |
| 2023-02-15 | 1411.55 |
| 2023-02-14 | 1396.81 |
| 2023-02-13 | 1404.71 |
| 2022-11-04 | 4036.72 |
| 2022-11-03 | 3852.44 |
| 2022-11-02 | 3893.10 |
| 2022-11-01 | 4025.19 |
| 2022-10-31 | 3975.19 |
| 2022-10-28 | 3973.99 |
| 2022-10-27 | 3937.95 |
| 2022-10-26 | 3968.59 |
| 2022-10-25 | 3868.21 |
| 2022-10-24 | 3762.15 |
| 2022-10-21 | 3690.62 |
| 2022-10-20 | 3594.84 |
| 2022-10-19 | 3667.34 |
| 2022-10-18 | 3771.14 |
| 2022-10-17 | 3686.66 |
| 2022-10-14 | 3510.39 |
| 2022-10-13 | 3556.28 |
| 2022-10-12 | 3465.27 |
| 2022-10-11 | 3498.55 |
| 2022-10-10 | 3541.98 |
| 2022-10-07 | 3635.66 |
| 2022-10-06 | 3781.13 |
| 2022-10-05 | 3778.90 |
| 2022-10-04 | 3705.80 |
| 2022-10-03 | 3561.71 |
| 2022-09-30 | 3406.97 |
| 2022-09-29 | 3447.07 |
| 2022-09-28 | 3485.47 |
| 2022-09-27 | 3470.33 |
| 2022-09-26 | 3512.97 |
| 2022-09-23 | 3557.47 |
| 2022-09-22 | 3568.53 |
| 2022-09-21 | 3645.62 |
| 2022-09-20 | 3669.16 |
| 2022-09-19 | 3786.28 |
| 2022-09-16 | 3766.42 |
| 2022-09-15 | 3908.75 |
| 2022-09-14 | 3928.43 |
| 2022-09-13 | 3993.10 |
| 2022-09-12 | 4130.62 |
| 2022-09-09 | 4088.38 |
| 2022-09-08 | 4036.09 |
| 2022-09-07 | 3929.78 |
| 2022-09-06 | 3842.51 |
| 2022-09-02 | 3755.49 |
| 2022-09-01 | 3797.32 |
| 2022-08-31 | 3810.29 |
| 2022-08-30 | 3845.68 |
| 2022-08-29 | 3872.86 |
| 2022-08-26 | 3934.27 |
| 2022-08-25 | 4160.70 |
| 2022-08-24 | 4075.22 |
| 2022-08-23 | 4031.44 |
| 2022-08-22 | 4111.39 |
| 2022-08-19 | 4191.62 |
| 2022-08-18 | 4269.93 |
| 2022-08-17 | 4263.27 |
| 2022-08-16 | 4261.70 |
| 2022-08-15 | 4294.04 |
| 2022-08-12 | 4286.84 |
| 2022-08-11 | 4232.44 |
| 2022-08-10 | 4232.41 |
| 2022-08-09 | 4131.38 |
| 2022-08-08 | 4217.73 |
| 2022-08-05 | 4235.36 |
| 2022-08-04 | 4232.72 |
| 2022-08-03 | 4273.70 |
| 2022-08-02 | 4212.11 |
| 2022-08-01 | 4245.14 |
| 2022-07-29 | 367.72 |
| 2022-07-28 | 353.89 |
| 2022-07-27 | 346.97 |
| 2022-07-26 | 336.69 |
| 2022-07-25 | 335.16 |
| 2022-07-22 | 333.50 |
| 2022-07-21 | 337.90 |
| 2022-07-20 | 317.78 |
| 2022-07-19 | 315.18 |
| 2022-07-18 | 305.90 |
| 2022-07-15 | 315.75 |
| 2022-07-14 | 310.10 |
| 2022-07-13 | 319.39 |
| 2022-07-12 | 324.36 |
| 2022-07-11 | 333.15 |
| 2022-07-08 | 332.73 |
| 2022-07-07 | 328.92 |
| 2022-07-06 | 319.19 |
| 2022-07-05 | 320.24 |
| 2022-07-01 | 316.53 |
| 2022-06-30 | 312.97 |
| 2022-06-29 | 312.22 |
| 2022-06-28 | 308.07 |
| 2022-06-27 | 311.74 |
| 2022-06-24 | 312.46 |
| 2022-06-23 | 308.51 |
| 2022-06-22 | 300.16 |
| 2022-06-21 | 299.02 |
| 2022-06-17 | 299.08 |
| 2022-06-16 | 304.73 |
| 2022-06-15 | 318.01 |
| 2022-06-14 | 315.38 |
| 2022-06-13 | 319.50 |
| 2022-06-10 | 327.05 |
| 2022-06-09 | 341.79 |
| 2022-06-08 | 352.62 |
| 2022-06-07 | 358.34 |
| 2022-06-06 | 355.29 |
| 2022-06-03 | 353.87 |
| 2022-06-02 | 361.34 |
| 2022-06-01 | 344.20 |
| 2022-05-31 | 350.39 |
| 2022-05-27 | 361.40 |
| 2022-05-26 | 342.86 |
| 2022-05-25 | 335.10 |
| 2022-05-24 | 335.50 |
| 2022-05-23 | 339.86 |
| 2022-05-20 | 337.44 |
| 2022-05-19 | 332.30 |
| 2022-05-18 | 325.43 |
| 2022-05-17 | 336.84 |
| 2022-05-16 | 336.06 |
| 2022-05-13 | 341.94 |
| 2022-05-12 | 330.50 |
| 2022-05-11 | 321.32 |
| 2022-05-10 | 332.28 |
| 2022-05-09 | 325.86 |
| 2022-05-06 | 178.25 |
| 2022-05-05 | 177.64 |
| 2022-05-04 | 186.88 |
| 2022-05-03 | 180.75 |
| 2022-05-02 | 175.15 |
| 2022-04-29 | 173.05 |
| 2022-04-28 | 175.22 |
| 2022-04-27 | 170.42 |
| 2022-04-26 | 169.97 |
| 2022-04-25 | 176.45 |
| 2022-04-22 | 174.02 |
| 2022-04-21 | 179.65 |
| 2022-04-20 | 184.56 |
| 2022-04-19 | 180.30 |
| 2022-04-18 | 176.72 |
| 2022-04-14 | 178.58 |
| 2022-04-13 | 181.87 |
| 2022-04-12 | 177.96 |
| 2022-04-11 | 182.60 |
| 2022-04-08 | 187.18 |
| 2022-04-07 | 185.41 |
| 2022-04-06 | 179.87 |
| 2022-04-05 | 182.74 |
| 2022-04-04 | 183.88 |
| 2022-04-01 | 185.80 |
| 2022-03-31 | 186.01 |
| 2022-03-30 | 190.42 |
| 2022-03-29 | 192.80 |
| 2022-03-28 | 189.06 |
| 2022-03-25 | 188.07 |
| 2022-03-24 | 186.87 |
| 2022-03-23 | 184.13 |
| 2022-03-22 | 189.59 |
| 2022-03-21 | 188.91 |
| 2022-03-18 | 190.35 |
| 2022-03-17 | 188.17 |
| 2022-03-16 | 184.07 |
| 2022-03-15 | 178.73 |
| 2022-03-14 | 174.65 |
| 2022-03-11 | 177.62 |
| 2022-03-10 | 181.29 |
| 2022-03-09 | 188.06 |
| 2022-03-08 | 178.41 |
| 2022-03-07 | 181.44 |
| 2022-03-04 | 188.12 |
| 2022-03-03 | 190.28 |
| 2022-03-02 | 187.92 |
Showing the most recent 260 of 4,155 data points. The chart above shows the full history.
