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 4.48 is 35% below its estimated 5-year average of 6.85, near the low end of its estimated 5-year range (2.83–32.53).
As of 2026-10-06T21:17:56.127Z. 6.22% above its estimated 12-month average of 4.22.
Calculation as of: 2026-10-06T21:17:56.127Z.
Quote observation: 2026-10-06T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: c2c8c0d940d63fcceaac1abec10583e572ebed816d60e919a98ec6b5242fed3d
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
4.48
PB RATIO AVG TTM
4.22
PB RATIO AVG 3Y
4.62
PB RATIO AVG 5Y
6.85
PB RATIO AVG 10Y
N/A
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+6.22%
CURRENT VS 3Y AVG
-3.11%
CURRENT VS 5Y AVG
-34.62%
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
+87.45%
vs the sector median at left
Market Cap
$2.02B
PB Ratio
N/A
TTM Avg
68.48
3Y Avg
35.35
5Y Avg
46.14
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Progyny, Inc. (PGNY) | $2.03B | 4.48 | 4.22 | 4.62 | 6.85 |
| BioCryst Pharmaceuticals, Inc. (BCRX)vs › | $2.02B | N/A | 68.48 | 35.35 | 46.14 |
| UroGen Pharma Ltd. (URGN)vs › | $2.02B | N/A | 17.46 | 17.59 | 8.04 |
| Aurinia Pharmaceuticals Inc. (AUPH)vs › | $2.02B | 3.28 | 4.41 | 3.59 | 3.87 |
| Vericel Corporation (VCEL)vs › | $2.05B | 5.54 | 5.70 | 7.80 | 8.18 |
| Celldex Therapeutics, Inc. (CLDX)vs › | $2.06B | 2.89 | 3.81 | 3.48 | 4.00 |
| Viridian Therapeutics, Inc. (VRDN)vs › | $2.06B | 3.66 | 5.15 | 4.02 | 4.79 |
| Alvotech (ALVO)vs › | $2.08B | N/A | 6.71 | 6.71 | 6.71 |
| Fortrea Holdings Inc. (FTRE)vs › | $1.98B | 3.77 | 2.42 | 1.64 | 1.64 |
| Inspire Medical Systems, Inc. (INSP)vs › | $1.97B | 2.39 | 2.74 | 6.35 | 12.27 |
At 4.48, P/B is below its estimated 7-year median — higher than 20% of readings in its estimated 7-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 7-year low
2.83
median
8.75
estimated 7-year high
41.48
P/B Ratio
4.48
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 | 4.69 |
| 2026-10-02 | 4.57 |
| 2026-10-01 | 4.50 |
| 2026-09-30 | 4.57 |
| 2026-09-29 | 4.49 |
| 2026-09-28 | 4.62 |
| 2026-09-25 | 4.61 |
| 2026-09-24 | 4.71 |
| 2026-09-23 | 4.68 |
| 2026-09-22 | 4.76 |
| 2026-09-21 | 4.87 |
| 2026-09-18 | 4.92 |
| 2026-09-17 | 4.89 |
| 2026-09-16 | 4.96 |
| 2026-09-15 | 5.03 |
| 2026-09-14 | 5.05 |
| 2026-09-11 | 4.96 |
| 2026-09-10 | 4.91 |
| 2026-09-09 | 4.91 |
| 2026-09-08 | 4.92 |
| 2026-09-04 | 4.70 |
| 2026-09-03 | 4.82 |
| 2026-09-02 | 4.76 |
| 2026-09-01 | 4.65 |
| 2026-08-31 | 4.64 |
| 2026-08-28 | 4.71 |
| 2026-08-27 | 4.69 |
| 2026-08-26 | 4.78 |
| 2026-08-25 | 4.68 |
| 2026-08-24 | 4.61 |
| 2026-08-21 | 4.65 |
| 2026-08-20 | 4.70 |
| 2026-08-19 | 4.63 |
| 2026-08-18 | 4.66 |
| 2026-08-17 | 4.59 |
| 2026-08-14 | 4.76 |
| 2026-08-13 | 4.69 |
| 2026-08-12 | 4.61 |
| 2026-08-11 | 4.82 |
| 2026-08-10 | 5.05 |
| 2026-08-07 | 5.42 |
| 2026-08-06 | 5.83 |
| 2026-08-05 | 6.05 |
| 2026-08-04 | 6.07 |
| 2026-08-03 | 6.08 |
| 2026-07-31 | 6.01 |
| 2026-07-30 | 6.07 |
| 2026-07-29 | 6.05 |
| 2026-07-28 | 5.93 |
| 2026-07-27 | 6.09 |
| 2026-07-24 | 6.02 |
| 2026-07-23 | 5.92 |
| 2026-07-22 | 6.05 |
| 2026-07-21 | 6.22 |
| 2026-07-20 | 6.13 |
| 2026-07-17 | 6.16 |
| 2026-07-16 | 6.15 |
| 2026-07-15 | 6.24 |
| 2026-07-14 | 6.24 |
| 2026-07-13 | 6.17 |
| 2026-07-10 | 5.91 |
| 2026-07-09 | 5.99 |
| 2026-07-08 | 5.93 |
| 2026-07-07 | 5.94 |
| 2026-07-06 | 5.97 |
| 2026-07-02 | 5.83 |
| 2026-07-01 | 5.68 |
| 2026-06-30 | 5.56 |
| 2026-06-29 | 5.57 |
| 2026-06-26 | 5.50 |
| 2026-06-25 | 5.28 |
| 2026-06-24 | 5.19 |
| 2026-06-23 | 5.14 |
| 2026-06-22 | 5.07 |
| 2026-06-18 | 5.03 |
| 2026-06-17 | 5.08 |
| 2026-06-16 | 5.13 |
| 2026-06-15 | 5.19 |
| 2026-06-12 | 5.14 |
| 2026-06-11 | 4.95 |
| 2026-06-10 | 4.99 |
| 2026-06-09 | 4.98 |
| 2026-06-08 | 5.00 |
| 2026-06-05 | 4.99 |
| 2026-06-04 | 4.92 |
| 2026-06-03 | 4.82 |
| 2026-06-02 | 4.85 |
| 2026-06-01 | 5.05 |
| 2026-05-29 | 4.93 |
| 2026-05-28 | 4.96 |
| 2026-05-27 | 4.92 |
| 2026-05-26 | 4.83 |
| 2026-05-22 | 4.80 |
| 2026-05-21 | 4.76 |
| 2026-05-20 | 4.95 |
| 2026-05-19 | 4.75 |
| 2026-05-18 | 4.64 |
| 2026-05-15 | 4.49 |
| 2026-05-14 | 4.41 |
| 2026-05-13 | 4.54 |
| 2026-05-12 | 4.52 |
| 2026-05-11 | 4.35 |
| 2026-05-08 | 4.11 |
| 2026-05-07 | 3.32 |
| 2026-05-06 | 3.24 |
| 2026-05-05 | 3.29 |
| 2026-05-04 | 3.28 |
| 2026-05-01 | 3.22 |
| 2026-04-30 | 3.22 |
| 2026-04-29 | 3.19 |
| 2026-04-28 | 3.19 |
| 2026-04-27 | 3.19 |
| 2026-04-24 | 3.15 |
| 2026-04-23 | 3.06 |
| 2026-04-22 | 3.12 |
| 2026-04-21 | 3.12 |
| 2026-04-20 | 3.23 |
| 2026-04-17 | 3.14 |
| 2026-04-16 | 3.11 |
| 2026-04-15 | 3.01 |
| 2026-04-14 | 2.98 |
| 2026-04-13 | 2.94 |
| 2026-04-10 | 2.83 |
| 2026-04-09 | 2.87 |
| 2026-04-08 | 2.94 |
| 2026-04-07 | 2.97 |
| 2026-04-06 | 2.91 |
| 2026-04-02 | 2.88 |
| 2026-04-01 | 2.92 |
| 2026-03-31 | 2.94 |
| 2026-03-30 | 2.94 |
| 2026-03-27 | 2.99 |
| 2026-03-26 | 3.08 |
| 2026-03-25 | 3.08 |
| 2026-03-24 | 3.13 |
| 2026-03-23 | 3.12 |
| 2026-03-20 | 3.14 |
| 2026-03-19 | 3.15 |
| 2026-03-18 | 3.10 |
| 2026-03-17 | 3.13 |
| 2026-03-16 | 3.02 |
| 2026-03-13 | 3.03 |
| 2026-03-12 | 3.03 |
| 2026-03-11 | 3.04 |
| 2026-03-10 | 3.10 |
| 2026-03-09 | 3.16 |
| 2026-03-06 | 3.17 |
| 2026-03-05 | 3.05 |
| 2026-03-04 | 3.08 |
| 2026-03-03 | 3.04 |
| 2026-03-02 | 3.05 |
| 2026-02-27 | 2.85 |
| 2026-02-26 | 3.58 |
| 2026-02-25 | 3.44 |
| 2026-02-24 | 3.35 |
| 2026-02-23 | 3.43 |
| 2026-02-20 | 3.38 |
| 2026-02-19 | 3.34 |
| 2026-02-18 | 3.28 |
| 2026-02-17 | 3.28 |
| 2026-02-13 | 3.33 |
| 2026-02-12 | 3.38 |
| 2026-02-11 | 3.47 |
| 2026-02-10 | 3.47 |
| 2026-02-09 | 3.49 |
| 2026-02-06 | 3.54 |
| 2026-02-05 | 3.53 |
| 2026-02-04 | 3.67 |
| 2026-02-03 | 3.74 |
| 2026-02-02 | 3.90 |
| 2026-01-30 | 3.85 |
| 2026-01-29 | 3.89 |
| 2026-01-28 | 3.95 |
| 2026-01-27 | 3.91 |
| 2026-01-26 | 4.00 |
| 2026-01-23 | 4.06 |
| 2026-01-22 | 4.03 |
| 2026-01-21 | 4.10 |
| 2026-01-20 | 4.09 |
| 2026-01-16 | 3.95 |
| 2026-01-15 | 3.92 |
| 2026-01-14 | 4.21 |
| 2026-01-13 | 4.07 |
| 2026-01-12 | 4.58 |
| 2026-01-09 | 4.35 |
| 2026-01-08 | 4.42 |
| 2026-01-07 | 4.32 |
| 2026-01-06 | 4.30 |
| 2026-01-05 | 4.30 |
| 2026-01-02 | 4.15 |
| 2025-12-31 | 4.14 |
| 2025-12-30 | 4.16 |
| 2025-12-29 | 4.13 |
| 2025-12-26 | 4.16 |
| 2025-12-24 | 4.11 |
| 2025-12-23 | 4.12 |
| 2025-12-22 | 4.34 |
| 2025-12-19 | 4.29 |
| 2025-12-18 | 4.21 |
| 2025-12-17 | 4.19 |
| 2025-12-16 | 4.19 |
| 2025-12-15 | 4.24 |
| 2025-12-12 | 4.30 |
| 2025-12-11 | 4.19 |
| 2025-12-10 | 4.06 |
| 2025-12-09 | 3.98 |
| 2025-12-08 | 3.98 |
| 2025-12-05 | 3.87 |
| 2025-12-04 | 3.89 |
| 2025-12-03 | 3.96 |
| 2025-12-02 | 4.02 |
| 2025-12-01 | 4.07 |
| 2025-11-28 | 4.25 |
| 2025-11-26 | 4.30 |
| 2025-11-25 | 4.31 |
| 2025-11-24 | 4.24 |
| 2025-11-21 | 4.17 |
| 2025-11-20 | 4.00 |
| 2025-11-19 | 4.09 |
| 2025-11-18 | 4.16 |
| 2025-11-17 | 4.32 |
| 2025-11-14 | 3.96 |
| 2025-11-13 | 3.93 |
| 2025-11-12 | 3.88 |
| 2025-11-11 | 3.84 |
| 2025-11-10 | 3.81 |
| 2025-11-07 | 3.89 |
| 2025-11-06 | 3.13 |
| 2025-11-05 | 3.29 |
| 2025-11-04 | 3.23 |
| 2025-11-03 | 3.21 |
| 2025-10-31 | 3.26 |
| 2025-10-30 | 3.25 |
| 2025-10-29 | 3.32 |
| 2025-10-28 | 3.35 |
| 2025-10-27 | 3.40 |
| 2025-10-24 | 3.39 |
| 2025-10-23 | 3.39 |
| 2025-10-22 | 3.34 |
| 2025-10-21 | 3.38 |
| 2025-10-20 | 3.42 |
| 2025-10-17 | 3.37 |
| 2025-10-16 | 3.71 |
| 2025-10-15 | 3.54 |
| 2025-10-14 | 3.52 |
| 2025-10-13 | 3.56 |
| 2025-10-10 | 3.50 |
| 2025-10-09 | 3.58 |
| 2025-10-08 | 3.58 |
| 2025-10-07 | 3.48 |
| 2025-10-06 | 3.51 |
| 2025-10-03 | 3.58 |
| 2025-10-02 | 3.58 |
| 2025-10-01 | 3.69 |
| 2025-09-30 | 3.75 |
| 2025-09-29 | 3.73 |
| 2025-09-26 | 3.74 |
| 2025-09-25 | 3.72 |
| 2025-09-24 | 3.78 |
| 2025-09-23 | 3.74 |
Showing the most recent 260 of 1,652 data points. The chart above shows the full history.
