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 36.64 is 123% above its estimated 5-year average of 16.42, near the high end of its estimated 5-year range (0.73–50.55).
As of 2026-10-06T19:53:14.687Z. 19.34% above its estimated 12-month average of 30.70.
Calculation as of: 2026-10-06T19:53:14.687Z.
Quote observation: 2026-10-06T19:50:20.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 9cbfdb9b702203632c67f1d3ce56f9042d1c779579fe07ac28526a5c99bc9a0a
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
36.64
PB RATIO AVG TTM
30.70
PB RATIO AVG 3Y
24.90
PB RATIO AVG 5Y
16.42
PB RATIO AVG 10Y
N/A
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+19.34%
CURRENT VS 3Y AVG
+47.14%
CURRENT VS 5Y AVG
+123.11%
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
+1433.05%
vs the sector median at left
Market Cap
$438.07M
PB Ratio
11.43
TTM Avg
8.04
3Y Avg
5.21
5Y Avg
3.76
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NeuroPace, Inc. (NPCE) | $435.38M | 36.64 | 30.70 | 24.90 | 16.42 |
| Assembly Biosciences, Inc. (ASMB)vs › | $435.88M | 1.43 | 2.81 | 3.05 | 2.11 |
| YD Bio Limited Ordinary Shares (YDES)vs › | $455.45M | N/A | N/A | N/A | N/A |
| DiaMedica Therapeutics Inc. (DMAC)vs › | $438.07M | 11.43 | 8.04 | 5.21 | 3.76 |
| NeoGenomics, Inc. (NEO)vs › | $427.95M | 0.54 | 0.38 | 0.37 | 0.38 |
| Ovid Therapeutics Inc. (OVID)vs › | $446.76M | 2.13 | 1.72 | 1.48 | 1.41 |
| Tilray Brands, Inc. (TLRY)vs › | $423.28M | 0.26 | 0.42 | 0.33 | 0.36 |
| Tectonic Therapeutic, Inc. (TECX)vs › | $423.00M | 1.89 | 1.99 | 2.71 | 1.98 |
| ARS Pharmaceuticals, Inc. (SPRY)vs › | $422.54M | 33.77 | 12.79 | 7.49 | 5.62 |
| Capricor Therapeutics, Inc. (CAPR)vs › | $449.16M | 1.82 | 6.76 | 9.79 | 10.19 |
At 36.64, P/B is above its estimated 5-year median — higher than 88% of readings in its estimated 5-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 5-year low
0.73
median
14.59
estimated 5-year high
50.55
P/B Ratio
36.64
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 | 37.94 |
| 2026-10-02 | 36.45 |
| 2026-10-01 | 37.74 |
| 2026-09-30 | 39.49 |
| 2026-09-29 | 40.01 |
| 2026-09-28 | 40.61 |
| 2026-09-25 | 40.35 |
| 2026-09-24 | 40.09 |
| 2026-09-23 | 40.78 |
| 2026-09-22 | 42.22 |
| 2026-09-21 | 41.73 |
| 2026-09-18 | 40.98 |
| 2026-09-17 | 40.61 |
| 2026-09-16 | 40.47 |
| 2026-09-15 | 40.90 |
| 2026-09-14 | 41.87 |
| 2026-09-11 | 40.30 |
| 2026-09-10 | 39.81 |
| 2026-09-09 | 41.62 |
| 2026-09-08 | 42.36 |
| 2026-09-04 | 42.76 |
| 2026-09-03 | 42.33 |
| 2026-09-02 | 43.60 |
| 2026-09-01 | 42.30 |
| 2026-08-31 | 42.05 |
| 2026-08-28 | 41.36 |
| 2026-08-27 | 40.55 |
| 2026-08-26 | 42.13 |
| 2026-08-25 | 40.64 |
| 2026-08-24 | 40.15 |
| 2026-08-21 | 40.27 |
| 2026-08-20 | 40.24 |
| 2026-08-19 | 42.02 |
| 2026-08-18 | 41.53 |
| 2026-08-17 | 40.98 |
| 2026-08-14 | 42.39 |
| 2026-08-13 | 41.64 |
| 2026-08-12 | 41.79 |
| 2026-08-11 | 35.11 |
| 2026-08-10 | 34.71 |
| 2026-08-07 | 34.59 |
| 2026-08-06 | 32.42 |
| 2026-08-05 | 31.96 |
| 2026-08-04 | 32.98 |
| 2026-08-03 | 31.49 |
| 2026-07-31 | 30.07 |
| 2026-07-30 | 32.07 |
| 2026-07-29 | 31.82 |
| 2026-07-28 | 35.71 |
| 2026-07-27 | 35.69 |
| 2026-07-24 | 34.55 |
| 2026-07-23 | 34.24 |
| 2026-07-22 | 34.01 |
| 2026-07-21 | 36.06 |
| 2026-07-20 | 36.74 |
| 2026-07-17 | 37.51 |
| 2026-07-16 | 38.42 |
| 2026-07-15 | 37.81 |
| 2026-07-14 | 36.95 |
| 2026-07-13 | 39.94 |
| 2026-07-10 | 39.91 |
| 2026-07-09 | 39.59 |
| 2026-07-08 | 39.14 |
| 2026-07-07 | 41.52 |
| 2026-07-06 | 40.43 |
| 2026-07-02 | 37.65 |
| 2026-07-01 | 36.79 |
| 2026-06-30 | 37.07 |
| 2026-06-29 | 38.56 |
| 2026-06-26 | 38.42 |
| 2026-06-25 | 38.16 |
| 2026-06-24 | 37.84 |
| 2026-06-23 | 37.14 |
| 2026-06-22 | 35.85 |
| 2026-06-18 | 36.46 |
| 2026-06-17 | 35.36 |
| 2026-06-16 | 35.04 |
| 2026-06-15 | 35.85 |
| 2026-06-12 | 36.48 |
| 2026-06-11 | 36.95 |
| 2026-06-10 | 36.65 |
| 2026-06-09 | 37.23 |
| 2026-06-08 | 36.46 |
| 2026-06-05 | 36.72 |
| 2026-06-04 | 38.07 |
| 2026-06-03 | 37.04 |
| 2026-06-02 | 38.00 |
| 2026-06-01 | 38.51 |
| 2026-05-29 | 38.58 |
| 2026-05-28 | 40.57 |
| 2026-05-27 | 39.80 |
| 2026-05-26 | 38.91 |
| 2026-05-22 | 39.47 |
| 2026-05-21 | 37.98 |
| 2026-05-20 | 37.95 |
| 2026-05-19 | 36.97 |
| 2026-05-18 | 37.30 |
| 2026-05-15 | 35.83 |
| 2026-05-14 | 36.83 |
| 2026-05-13 | 36.88 |
| 2026-05-12 | 27.17 |
| 2026-05-11 | 26.94 |
| 2026-05-08 | 31.55 |
| 2026-05-07 | 33.17 |
| 2026-05-06 | 31.16 |
| 2026-05-05 | 29.30 |
| 2026-05-04 | 29.06 |
| 2026-05-01 | 29.35 |
| 2026-04-30 | 28.99 |
| 2026-04-29 | 28.44 |
| 2026-04-28 | 29.04 |
| 2026-04-27 | 29.66 |
| 2026-04-24 | 28.89 |
| 2026-04-23 | 29.01 |
| 2026-04-22 | 29.20 |
| 2026-04-21 | 28.15 |
| 2026-04-20 | 28.42 |
| 2026-04-17 | 27.84 |
| 2026-04-16 | 26.62 |
| 2026-04-15 | 26.84 |
| 2026-04-14 | 26.39 |
| 2026-04-13 | 25.59 |
| 2026-04-10 | 24.52 |
| 2026-04-09 | 25.19 |
| 2026-04-08 | 25.45 |
| 2026-04-07 | 24.95 |
| 2026-04-06 | 25.10 |
| 2026-04-02 | 25.19 |
| 2026-04-01 | 24.19 |
| 2026-03-31 | 22.61 |
| 2026-03-30 | 22.08 |
| 2026-03-27 | 22.92 |
| 2026-03-26 | 23.49 |
| 2026-03-25 | 23.26 |
| 2026-03-24 | 22.82 |
| 2026-03-23 | 23.01 |
| 2026-03-20 | 22.35 |
| 2026-03-19 | 22.58 |
| 2026-03-18 | 23.32 |
| 2026-03-17 | 23.76 |
| 2026-03-16 | 24.40 |
| 2026-03-13 | 24.23 |
| 2026-03-12 | 24.28 |
| 2026-03-11 | 25.12 |
| 2026-03-10 | 24.45 |
| 2026-03-09 | 24.16 |
| 2026-03-06 | 24.12 |
| 2026-03-05 | 23.38 |
| 2026-03-04 | 23.99 |
| 2026-03-03 | 24.75 |
| 2026-03-02 | 25.32 |
| 2026-02-27 | 26.09 |
| 2026-02-26 | 26.88 |
| 2026-02-25 | 26.34 |
| 2026-02-24 | 26.05 |
| 2026-02-23 | 26.05 |
| 2026-02-20 | 25.66 |
| 2026-02-19 | 25.93 |
| 2026-02-18 | 25.86 |
| 2026-02-17 | 27.70 |
| 2026-02-13 | 26.93 |
| 2026-02-12 | 25.95 |
| 2026-02-11 | 26.05 |
| 2026-02-10 | 27.34 |
| 2026-02-09 | 27.31 |
| 2026-02-06 | 28.04 |
| 2026-02-05 | 27.72 |
| 2026-02-04 | 28.79 |
| 2026-02-03 | 28.95 |
| 2026-02-02 | 28.47 |
| 2026-01-30 | 27.07 |
| 2026-01-29 | 27.41 |
| 2026-01-28 | 27.93 |
| 2026-01-27 | 28.54 |
| 2026-01-26 | 29.04 |
| 2026-01-23 | 29.90 |
| 2026-01-22 | 30.49 |
| 2026-01-21 | 30.31 |
| 2026-01-20 | 29.56 |
| 2026-01-16 | 30.31 |
| 2026-01-15 | 31.04 |
| 2026-01-14 | 29.97 |
| 2026-01-13 | 28.86 |
| 2026-01-12 | 30.26 |
| 2026-01-09 | 29.94 |
| 2026-01-08 | 30.35 |
| 2026-01-07 | 30.06 |
| 2026-01-06 | 29.33 |
| 2026-01-05 | 28.38 |
| 2026-01-02 | 27.14 |
| 2025-12-31 | 27.63 |
| 2025-12-30 | 27.68 |
| 2025-12-29 | 27.93 |
| 2025-12-26 | 28.66 |
| 2025-12-24 | 28.97 |
| 2025-12-23 | 29.26 |
| 2025-12-22 | 29.63 |
| 2025-12-19 | 29.68 |
| 2025-12-18 | 28.16 |
| 2025-12-17 | 27.95 |
| 2025-12-16 | 28.41 |
| 2025-12-15 | 28.49 |
| 2025-12-12 | 28.97 |
| 2025-12-11 | 29.49 |
| 2025-12-10 | 30.02 |
| 2025-12-09 | 29.11 |
| 2025-12-08 | 29.40 |
| 2025-12-05 | 29.34 |
| 2025-12-04 | 30.36 |
| 2025-12-03 | 29.81 |
| 2025-12-02 | 28.66 |
| 2025-12-01 | 28.00 |
| 2025-11-28 | 29.27 |
| 2025-11-26 | 29.52 |
| 2025-11-25 | 29.88 |
| 2025-11-24 | 29.09 |
| 2025-11-21 | 25.68 |
| 2025-11-20 | 24.16 |
| 2025-11-19 | 25.23 |
| 2025-11-18 | 23.30 |
| 2025-11-17 | 23.17 |
| 2025-11-14 | 23.15 |
| 2025-11-13 | 22.92 |
| 2025-11-12 | 24.16 |
| 2025-11-11 | 24.14 |
| 2025-11-10 | 24.07 |
| 2025-11-07 | 23.48 |
| 2025-11-06 | 22.87 |
| 2025-11-05 | 23.23 |
| 2025-11-04 | 15.89 |
| 2025-11-03 | 15.89 |
| 2025-10-31 | 16.81 |
| 2025-10-30 | 16.67 |
| 2025-10-29 | 17.13 |
| 2025-10-28 | 17.95 |
| 2025-10-27 | 17.92 |
| 2025-10-24 | 17.72 |
| 2025-10-23 | 17.84 |
| 2025-10-22 | 18.33 |
| 2025-10-21 | 18.24 |
| 2025-10-20 | 18.16 |
| 2025-10-17 | 17.60 |
| 2025-10-16 | 17.99 |
| 2025-10-15 | 18.56 |
| 2025-10-14 | 18.29 |
| 2025-10-13 | 17.72 |
| 2025-10-10 | 17.38 |
| 2025-10-09 | 18.24 |
| 2025-10-08 | 18.82 |
| 2025-10-07 | 18.01 |
| 2025-10-06 | 18.21 |
| 2025-10-03 | 18.46 |
| 2025-10-02 | 17.63 |
| 2025-10-01 | 17.14 |
| 2025-09-30 | 17.43 |
| 2025-09-29 | 17.31 |
| 2025-09-26 | 17.24 |
| 2025-09-25 | 16.92 |
| 2025-09-24 | 17.28 |
| 2025-09-23 | 17.57 |
Showing the most recent 260 of 1,228 data points. The chart above shows the full history.