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 10.60 is 146% above its estimated 5-year average of 4.32, around the middle of its estimated 5-year range (1.14–15.15).
As of 2026-10-06T21:38:11.674Z. 2.11% above its estimated 12-month average of 10.38.
Calculation as of: 2026-10-06T21:38:11.674Z.
Quote observation: 2026-10-06T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 03323db2775440637d437753bcbe4752de1aa38160fb89fba54e51888a6c5dc1
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
10.60
PB RATIO AVG TTM
10.38
PB RATIO AVG 3Y
6.34
PB RATIO AVG 5Y
4.32
PB RATIO AVG 10Y
3.94
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+2.11%
CURRENT VS 3Y AVG
+67.19%
CURRENT VS 5Y AVG
+145.65%
CURRENT VS 10Y AVG
+168.75%
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
+343.51%
vs the sector median at left
Protagonist Therapeutics, Inc.
Market Cap
$8.92B
PB Ratio
10.60
TTM Avg
10.38
3Y Avg
6.34
5Y Avg
4.32
Market Cap
$8.97B
PB Ratio
107.70
TTM Avg
137.84
3Y Avg
78.76
5Y Avg
67.72
Market Cap
$8.67B
PB Ratio
18.62
TTM Avg
17.80
3Y Avg
14.54
5Y Avg
12.88
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Protagonist Therapeutics, Inc. (PTGX) | $8.92B | 10.60 | 10.38 | 6.34 | 4.32 |
| Bruker Corporation (BRKRP)vs › | $8.93B | 3.72 | 23.50 | 23.43 | 23.43 |
| Axsome Therapeutics, Inc. (AXSM)vs › | $8.97B | 107.70 | 137.84 | 78.76 | 67.72 |
| Kymera Therapeutics, Inc. (KYMR)vs › | $8.72B | 5.78 | 6.20 | 4.71 | 4.38 |
| Arrowhead Pharmaceuticals, Inc. (ARWR)vs › | $8.67B | 18.62 | 17.80 | 14.54 | 12.88 |
| Bruker Corporation (BRKR)vs › | $9.21B | 3.84 | 3.07 | 4.87 | 6.77 |
| Insulet Corp. (PODD)vs › | $9.33B | 6.56 | 10.90 | 15.53 | 24.85 |
| Oscar Health, Inc. (OSCR)vs › | $8.38B | 4.09 | 4.60 | 4.06 | 2.91 |
| Vaxcyte, Inc. (PCVX)vs › | $9.63B | 3.49 | 2.58 | 3.29 | 3.80 |
| Krystal Biotech, Inc. (KRYS)vs › | $9.63B | 7.09 | 6.94 | 5.92 | 5.05 |
At 10.60, P/B is above its estimated 10-year median — higher than 95% of readings in its estimated 10-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 10-year low
1.10
median
4.13
estimated 10-year high
15.15
P/B Ratio
10.60
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 | 11.87 |
| 2026-10-02 | 11.82 |
| 2026-10-01 | 11.74 |
| 2026-09-30 | 11.89 |
| 2026-09-29 | 11.89 |
| 2026-09-28 | 12.02 |
| 2026-09-25 | 11.97 |
| 2026-09-24 | 11.59 |
| 2026-09-23 | 11.70 |
| 2026-09-22 | 12.24 |
| 2026-09-21 | 12.23 |
| 2026-09-18 | 12.07 |
| 2026-09-17 | 12.12 |
| 2026-09-16 | 12.05 |
| 2026-09-15 | 12.10 |
| 2026-09-14 | 12.47 |
| 2026-09-11 | 12.50 |
| 2026-09-10 | 12.25 |
| 2026-09-09 | 12.24 |
| 2026-09-08 | 12.31 |
| 2026-09-04 | 12.30 |
| 2026-09-03 | 12.56 |
| 2026-09-02 | 12.33 |
| 2026-09-01 | 12.36 |
| 2026-08-31 | 12.47 |
| 2026-08-28 | 12.18 |
| 2026-08-27 | 12.61 |
| 2026-08-26 | 12.78 |
| 2026-08-25 | 12.71 |
| 2026-08-24 | 13.05 |
| 2026-08-21 | 13.02 |
| 2026-08-20 | 12.71 |
| 2026-08-19 | 13.07 |
| 2026-08-18 | 13.28 |
| 2026-08-17 | 13.38 |
| 2026-08-14 | 13.09 |
| 2026-08-13 | 12.78 |
| 2026-08-12 | 12.83 |
| 2026-08-11 | 12.51 |
| 2026-08-10 | 12.66 |
| 2026-08-07 | 12.31 |
| 2026-08-06 | 12.33 |
| 2026-08-05 | 14.77 |
| 2026-08-04 | 14.61 |
| 2026-08-03 | 14.23 |
| 2026-07-31 | 14.69 |
| 2026-07-30 | 14.91 |
| 2026-07-29 | 14.30 |
| 2026-07-28 | 14.72 |
| 2026-07-27 | 14.58 |
| 2026-07-24 | 14.64 |
| 2026-07-23 | 14.56 |
| 2026-07-22 | 14.57 |
| 2026-07-21 | 14.87 |
| 2026-07-20 | 14.44 |
| 2026-07-17 | 15.15 |
| 2026-07-16 | 14.20 |
| 2026-07-15 | 14.57 |
| 2026-07-14 | 14.12 |
| 2026-07-13 | 13.97 |
| 2026-07-10 | 14.13 |
| 2026-07-09 | 14.80 |
| 2026-07-08 | 15.06 |
| 2026-07-07 | 15.15 |
| 2026-07-06 | 14.14 |
| 2026-07-02 | 14.16 |
| 2026-07-01 | 13.46 |
| 2026-06-30 | 13.18 |
| 2026-06-29 | 13.08 |
| 2026-06-26 | 13.11 |
| 2026-06-25 | 13.19 |
| 2026-06-24 | 13.14 |
| 2026-06-23 | 12.79 |
| 2026-06-22 | 12.37 |
| 2026-06-18 | 12.14 |
| 2026-06-17 | 11.98 |
| 2026-06-16 | 11.90 |
| 2026-06-15 | 12.09 |
| 2026-06-12 | 11.81 |
| 2026-06-11 | 11.81 |
| 2026-06-10 | 11.37 |
| 2026-06-09 | 11.39 |
| 2026-06-08 | 10.54 |
| 2026-06-05 | 10.47 |
| 2026-06-04 | 11.05 |
| 2026-06-03 | 10.26 |
| 2026-06-02 | 10.03 |
| 2026-06-01 | 10.21 |
| 2026-05-29 | 10.71 |
| 2026-05-28 | 10.80 |
| 2026-05-27 | 10.99 |
| 2026-05-26 | 10.75 |
| 2026-05-22 | 10.67 |
| 2026-05-21 | 10.97 |
| 2026-05-20 | 10.85 |
| 2026-05-19 | 10.58 |
| 2026-05-18 | 10.83 |
| 2026-05-15 | 10.99 |
| 2026-05-14 | 11.35 |
| 2026-05-13 | 11.17 |
| 2026-05-12 | 10.75 |
| 2026-05-11 | 11.13 |
| 2026-05-08 | 10.69 |
| 2026-05-07 | 10.63 |
| 2026-05-06 | 11.18 |
| 2026-05-05 | 10.26 |
| 2026-05-04 | 10.29 |
| 2026-05-01 | 10.17 |
| 2026-04-30 | 10.24 |
| 2026-04-29 | 10.19 |
| 2026-04-28 | 10.47 |
| 2026-04-27 | 10.19 |
| 2026-04-24 | 10.34 |
| 2026-04-23 | 10.61 |
| 2026-04-22 | 10.92 |
| 2026-04-21 | 10.95 |
| 2026-04-20 | 10.91 |
| 2026-04-17 | 10.96 |
| 2026-04-16 | 10.73 |
| 2026-04-15 | 10.90 |
| 2026-04-14 | 10.83 |
| 2026-04-13 | 10.09 |
| 2026-04-10 | 10.22 |
| 2026-04-09 | 10.76 |
| 2026-04-08 | 10.56 |
| 2026-04-07 | 10.73 |
| 2026-04-06 | 10.64 |
| 2026-04-02 | 10.73 |
| 2026-04-01 | 10.72 |
| 2026-03-31 | 10.90 |
| 2026-03-30 | 10.33 |
| 2026-03-27 | 10.24 |
| 2026-03-26 | 10.57 |
| 2026-03-25 | 10.79 |
| 2026-03-24 | 10.38 |
| 2026-03-23 | 10.19 |
| 2026-03-20 | 10.23 |
| 2026-03-19 | 10.52 |
| 2026-03-18 | 10.04 |
| 2026-03-17 | 10.06 |
| 2026-03-16 | 10.01 |
| 2026-03-13 | 9.55 |
| 2026-03-12 | 9.87 |
| 2026-03-11 | 9.98 |
| 2026-03-10 | 10.04 |
| 2026-03-09 | 10.00 |
| 2026-03-06 | 9.52 |
| 2026-03-05 | 9.45 |
| 2026-03-04 | 9.81 |
| 2026-03-03 | 9.44 |
| 2026-03-02 | 9.75 |
| 2026-02-27 | 9.52 |
| 2026-02-26 | 9.14 |
| 2026-02-25 | 8.61 |
| 2026-02-24 | 8.63 |
| 2026-02-23 | 8.56 |
| 2026-02-20 | 8.18 |
| 2026-02-19 | 8.21 |
| 2026-02-18 | 8.20 |
| 2026-02-17 | 8.15 |
| 2026-02-13 | 8.05 |
| 2026-02-12 | 8.10 |
| 2026-02-11 | 8.25 |
| 2026-02-10 | 8.29 |
| 2026-02-09 | 8.23 |
| 2026-02-06 | 8.35 |
| 2026-02-05 | 7.97 |
| 2026-02-04 | 8.23 |
| 2026-02-03 | 8.46 |
| 2026-02-02 | 8.21 |
| 2026-01-30 | 8.08 |
| 2026-01-29 | 7.88 |
| 2026-01-28 | 8.08 |
| 2026-01-27 | 8.21 |
| 2026-01-26 | 8.13 |
| 2026-01-23 | 8.21 |
| 2026-01-22 | 8.38 |
| 2026-01-21 | 8.29 |
| 2026-01-20 | 8.24 |
| 2026-01-16 | 8.10 |
| 2026-01-15 | 8.37 |
| 2026-01-14 | 8.42 |
| 2026-01-13 | 8.04 |
| 2026-01-12 | 7.93 |
| 2026-01-09 | 7.93 |
| 2026-01-08 | 7.92 |
| 2026-01-07 | 8.14 |
| 2026-01-06 | 8.13 |
| 2026-01-05 | 8.32 |
| 2026-01-02 | 8.61 |
| 2025-12-31 | 8.63 |
| 2025-12-30 | 8.62 |
| 2025-12-29 | 8.69 |
| 2025-12-26 | 8.77 |
| 2025-12-24 | 8.78 |
| 2025-12-23 | 8.77 |
| 2025-12-22 | 8.64 |
| 2025-12-19 | 8.50 |
| 2025-12-18 | 8.48 |
| 2025-12-17 | 8.83 |
| 2025-12-16 | 9.04 |
| 2025-12-15 | 9.37 |
| 2025-12-12 | 9.42 |
| 2025-12-11 | 9.11 |
| 2025-12-10 | 9.03 |
| 2025-12-09 | 8.75 |
| 2025-12-08 | 8.92 |
| 2025-12-05 | 8.86 |
| 2025-12-04 | 8.63 |
| 2025-12-03 | 8.50 |
| 2025-12-02 | 8.36 |
| 2025-12-01 | 8.46 |
| 2025-11-28 | 8.89 |
| 2025-11-26 | 8.90 |
| 2025-11-25 | 8.88 |
| 2025-11-24 | 8.66 |
| 2025-11-21 | 8.44 |
| 2025-11-20 | 8.32 |
| 2025-11-19 | 8.41 |
| 2025-11-18 | 8.34 |
| 2025-11-17 | 8.38 |
| 2025-11-14 | 8.36 |
| 2025-11-13 | 8.22 |
| 2025-11-12 | 8.38 |
| 2025-11-11 | 8.45 |
| 2025-11-10 | 8.22 |
| 2025-11-07 | 7.86 |
| 2025-11-06 | 7.58 |
| 2025-11-05 | 7.40 |
| 2025-11-04 | 7.27 |
| 2025-11-03 | 7.22 |
| 2025-10-31 | 7.47 |
| 2025-10-30 | 7.40 |
| 2025-10-29 | 7.29 |
| 2025-10-28 | 7.46 |
| 2025-10-27 | 7.15 |
| 2025-10-24 | 7.12 |
| 2025-10-23 | 7.03 |
| 2025-10-22 | 6.99 |
| 2025-10-21 | 7.13 |
| 2025-10-20 | 7.29 |
| 2025-10-17 | 7.37 |
| 2025-10-16 | 7.20 |
| 2025-10-15 | 7.39 |
| 2025-10-14 | 7.31 |
| 2025-10-13 | 7.53 |
| 2025-10-10 | 8.27 |
| 2025-10-09 | 6.37 |
| 2025-10-08 | 6.21 |
| 2025-10-07 | 6.22 |
| 2025-10-06 | 6.10 |
| 2025-10-03 | 6.16 |
| 2025-10-02 | 6.18 |
| 2025-10-01 | 6.08 |
| 2025-09-30 | 6.32 |
| 2025-09-29 | 6.19 |
| 2025-09-26 | 6.41 |
| 2025-09-25 | 6.15 |
| 2025-09-24 | 6.27 |
| 2025-09-23 | 6.19 |
Showing the most recent 260 of 2,273 data points. The chart above shows the full history.