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 3.30 is 28% above its estimated 5-year average of 2.58, around the middle of its estimated 5-year range (1.81–4.65).
As of 2026-09-12T00:16:11.359Z. 9.95% below its estimated 12-month average of 3.66.
Calculation as of: 2026-09-12T00:16:11.359Z.
Quote observation: 2026-09-11T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: d1f0a601bf4881217105f3d38e84d63c1bd62d476e1a552230e61949490821d6
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 2026-09-09.
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
3.30
PB RATIO AVG TTM
3.66
PB RATIO AVG 3Y
2.83
PB RATIO AVG 5Y
2.58
PB RATIO AVG 10Y
2.42
PB RATIO AVG 15Y
2.70
PB RATIO AVG 20Y
3.25
CURRENT VS TTM AVG
-9.95%
CURRENT VS 3Y AVG
+16.76%
CURRENT VS 5Y AVG
+27.78%
CURRENT VS 10Y AVG
+36.14%
CURRENT VS 15Y AVG
+22.08%
CURRENT VS 20Y AVG
+1.44%
SECTOR MEDIAN · HEALTHCARE
4.14
median of 84 covered companies
CURRENT VS SECTOR MEDIAN
-20.39%
vs the sector median at left
United Therapeutics Corporation
Market Cap
$21.10B
PB Ratio
3.30
TTM Avg
3.66
3Y Avg
2.83
5Y Avg
2.58
Market Cap
$24.37B
PB Ratio
8.15
TTM Avg
6.91
3Y Avg
7.84
5Y Avg
9.04
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| United Therapeutics Corporation (UTHR) | $21.10B | 3.30 | 3.66 | 2.83 | 2.58 |
| STERIS plc (STE)vs › | $20.54B | 2.85 | 3.27 | 3.40 | 3.37 |
| Viatris Inc. (VTRS)vs › | $19.23B | 1.35 | 1.08 | 0.80 | 0.75 |
| Zimmer Biomet Holdings, Inc. (ZBH)vs › | $18.09B | 1.43 | 1.44 | 1.68 | 1.85 |
| BioNTech SE (BNTX)vs › | $24.30B | 1.20 | 1.12 | 1.15 | 1.83 |
| West Pharmaceutical Services, Inc. (WST)vs › | $24.37B | 8.15 | 6.91 | 7.84 | 9.04 |
| Incyte Corporation (INCY)vs › | $24.62B | 3.88 | 4.09 | 3.67 | 3.87 |
| Labcorp Holdings Inc. (LH)vs › | $25.55B | 2.97 | 2.65 | 2.47 | 2.26 |
| Medpace Holdings, Inc. (MEDP)vs › | $16.40B | 37.80 | 45.56 | 29.35 | 23.25 |
| Quest Diagnostics Incorporated (DGX)vs › | $25.94B | 3.45 | 3.05 | 2.72 | 2.71 |
At 3.30, P/B is near its estimated 20-year median — higher than 57% 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
1.26
median
3.00
estimated 20-year high
11.58
P/B Ratio
3.30
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 |
|---|---|
| 2026-09-09 | 3.63 |
| 2026-09-08 | 3.56 |
| 2026-09-04 | 3.49 |
| 2026-09-03 | 3.51 |
| 2026-09-02 | 3.52 |
| 2026-09-01 | 3.67 |
| 2026-08-31 | 3.65 |
| 2026-08-28 | 3.69 |
| 2026-08-27 | 3.78 |
| 2026-08-26 | 3.70 |
| 2026-08-25 | 3.71 |
| 2026-08-24 | 3.67 |
| 2026-08-21 | 3.67 |
| 2026-08-20 | 3.73 |
| 2026-08-19 | 3.79 |
| 2026-08-18 | 3.71 |
| 2026-08-17 | 3.64 |
| 2026-08-14 | 3.58 |
| 2026-08-13 | 3.59 |
| 2026-08-12 | 3.66 |
| 2026-08-11 | 3.69 |
| 2026-08-10 | 3.79 |
| 2026-08-07 | 3.86 |
| 2026-08-06 | 3.81 |
| 2026-08-05 | 4.15 |
| 2026-08-04 | 4.15 |
| 2026-08-03 | 4.13 |
| 2026-07-31 | 4.14 |
| 2026-07-30 | 4.21 |
| 2026-07-29 | 4.20 |
| 2026-07-28 | 4.19 |
| 2026-07-27 | 4.22 |
| 2026-07-24 | 4.23 |
| 2026-07-23 | 4.24 |
| 2026-07-22 | 4.22 |
| 2026-07-21 | 4.29 |
| 2026-07-20 | 4.23 |
| 2026-07-17 | 4.28 |
| 2026-07-16 | 4.23 |
| 2026-07-15 | 4.25 |
| 2026-07-14 | 4.21 |
| 2026-07-13 | 4.28 |
| 2026-07-10 | 4.38 |
| 2026-07-09 | 4.42 |
| 2026-07-08 | 4.43 |
| 2026-07-07 | 4.51 |
| 2026-07-06 | 4.38 |
| 2026-07-02 | 4.45 |
| 2026-07-01 | 4.38 |
| 2026-06-30 | 4.33 |
| 2026-06-29 | 4.36 |
| 2026-06-26 | 4.34 |
| 2026-06-25 | 4.35 |
| 2026-06-24 | 4.40 |
| 2026-06-23 | 4.35 |
| 2026-06-22 | 4.31 |
| 2026-06-18 | 4.29 |
| 2026-06-17 | 4.41 |
| 2026-06-16 | 4.39 |
| 2026-06-15 | 4.40 |
| 2026-06-12 | 4.37 |
| 2026-06-11 | 4.36 |
| 2026-06-10 | 4.35 |
| 2026-06-09 | 4.42 |
| 2026-06-08 | 4.36 |
| 2026-06-05 | 4.40 |
| 2026-06-04 | 4.38 |
| 2026-06-03 | 4.39 |
| 2026-06-02 | 4.32 |
| 2026-06-01 | 4.36 |
| 2026-05-29 | 4.45 |
| 2026-05-28 | 4.50 |
| 2026-05-27 | 4.57 |
| 2026-05-26 | 4.63 |
| 2026-05-22 | 4.55 |
| 2026-05-21 | 4.53 |
| 2026-05-20 | 4.51 |
| 2026-05-19 | 4.53 |
| 2026-05-18 | 4.54 |
| 2026-05-15 | 4.55 |
| 2026-05-14 | 4.61 |
| 2026-05-13 | 4.64 |
| 2026-05-12 | 4.65 |
| 2026-05-11 | 4.56 |
| 2026-05-08 | 4.52 |
| 2026-05-07 | 4.55 |
| 2026-05-06 | 4.03 |
| 2026-05-05 | 3.86 |
| 2026-05-04 | 3.92 |
| 2026-05-01 | 3.85 |
| 2026-04-30 | 3.86 |
| 2026-04-29 | 3.85 |
| 2026-04-28 | 3.84 |
| 2026-04-27 | 3.83 |
| 2026-04-24 | 3.83 |
| 2026-04-23 | 3.87 |
| 2026-04-22 | 3.88 |
| 2026-04-21 | 3.87 |
| 2026-04-20 | 3.87 |
| 2026-04-17 | 3.97 |
| 2026-04-16 | 3.92 |
| 2026-04-15 | 3.90 |
| 2026-04-14 | 3.91 |
| 2026-04-13 | 3.90 |
| 2026-04-10 | 3.86 |
| 2026-04-09 | 3.88 |
| 2026-04-08 | 3.93 |
| 2026-04-07 | 3.82 |
| 2026-04-06 | 3.78 |
| 2026-04-02 | 3.81 |
| 2026-04-01 | 3.85 |
| 2026-03-31 | 4.00 |
| 2026-03-30 | 3.97 |
| 2026-03-27 | 3.53 |
| 2026-03-26 | 3.59 |
| 2026-03-25 | 3.66 |
| 2026-03-24 | 3.59 |
| 2026-03-23 | 3.52 |
| 2026-03-20 | 3.54 |
| 2026-03-19 | 3.56 |
| 2026-03-18 | 3.58 |
| 2026-03-17 | 3.65 |
| 2026-03-16 | 3.61 |
| 2026-03-13 | 3.62 |
| 2026-03-12 | 3.60 |
| 2026-03-11 | 3.68 |
| 2026-03-10 | 3.62 |
| 2026-03-09 | 3.57 |
| 2026-03-06 | 3.23 |
| 2026-03-05 | 3.27 |
| 2026-03-04 | 3.31 |
| 2026-03-03 | 3.37 |
| 2026-03-02 | 3.47 |
| 2026-02-27 | 3.40 |
| 2026-02-26 | 3.40 |
| 2026-02-25 | 3.84 |
| 2026-02-24 | 3.40 |
| 2026-02-23 | 3.41 |
| 2026-02-20 | 3.40 |
| 2026-02-19 | 3.45 |
| 2026-02-18 | 3.42 |
| 2026-02-17 | 3.46 |
| 2026-02-13 | 3.40 |
| 2026-02-12 | 3.42 |
| 2026-02-11 | 3.42 |
| 2026-02-10 | 3.40 |
| 2026-02-09 | 3.40 |
| 2026-02-06 | 3.48 |
| 2026-02-05 | 3.44 |
| 2026-02-04 | 3.46 |
| 2026-02-03 | 3.43 |
| 2026-02-02 | 3.41 |
| 2026-01-30 | 3.37 |
| 2026-01-29 | 3.36 |
| 2026-01-28 | 3.35 |
| 2026-01-27 | 3.42 |
| 2026-01-26 | 3.40 |
| 2026-01-23 | 3.37 |
| 2026-01-22 | 3.39 |
| 2026-01-21 | 3.37 |
| 2026-01-20 | 3.36 |
| 2026-01-16 | 3.34 |
| 2026-01-15 | 3.39 |
| 2026-01-14 | 3.41 |
| 2026-01-13 | 3.42 |
| 2026-01-12 | 3.46 |
| 2026-01-09 | 3.47 |
| 2026-01-08 | 3.52 |
| 2026-01-07 | 3.62 |
| 2026-01-06 | 3.61 |
| 2026-01-05 | 3.51 |
| 2026-01-02 | 3.57 |
| 2025-12-31 | 3.50 |
| 2025-12-30 | 3.56 |
| 2025-12-29 | 3.61 |
| 2025-12-26 | 3.64 |
| 2025-12-24 | 3.69 |
| 2025-12-23 | 3.66 |
| 2025-12-22 | 3.69 |
| 2025-12-19 | 3.71 |
| 2025-12-18 | 3.64 |
| 2025-12-17 | 3.67 |
| 2025-12-16 | 3.59 |
| 2025-12-15 | 3.59 |
| 2025-12-12 | 3.55 |
| 2025-12-11 | 3.51 |
| 2025-12-10 | 3.48 |
| 2025-12-09 | 3.42 |
| 2025-12-08 | 3.44 |
| 2025-12-05 | 3.51 |
| 2025-12-04 | 3.47 |
| 2025-12-03 | 3.45 |
| 2025-12-02 | 3.40 |
| 2025-12-01 | 3.44 |
| 2025-11-28 | 3.49 |
| 2025-11-26 | 3.51 |
| 2025-11-25 | 3.49 |
| 2025-11-24 | 3.43 |
| 2025-11-21 | 3.41 |
| 2025-11-20 | 3.41 |
| 2025-11-19 | 3.42 |
| 2025-11-18 | 3.42 |
| 2025-11-17 | 3.39 |
| 2025-11-14 | 3.35 |
| 2025-11-13 | 3.32 |
| 2025-11-12 | 3.31 |
| 2025-11-11 | 3.30 |
| 2025-11-10 | 3.26 |
| 2025-11-07 | 3.22 |
| 2025-11-06 | 3.26 |
| 2025-11-05 | 3.21 |
| 2025-11-04 | 3.14 |
| 2025-11-03 | 3.15 |
| 2025-10-31 | 3.20 |
| 2025-10-30 | 3.26 |
| 2025-10-29 | 3.07 |
| 2025-10-28 | 2.80 |
| 2025-10-27 | 2.83 |
| 2025-10-24 | 2.82 |
| 2025-10-23 | 2.87 |
| 2025-10-22 | 2.84 |
| 2025-10-21 | 2.84 |
| 2025-10-20 | 2.91 |
| 2025-10-17 | 2.92 |
| 2025-10-16 | 2.91 |
| 2025-10-15 | 2.91 |
| 2025-10-14 | 2.92 |
| 2025-10-13 | 2.96 |
| 2025-10-10 | 2.96 |
| 2025-10-09 | 3.00 |
| 2025-10-08 | 3.02 |
| 2025-10-07 | 3.08 |
| 2025-10-06 | 3.05 |
| 2025-10-03 | 3.05 |
| 2025-10-02 | 2.99 |
| 2025-10-01 | 2.95 |
| 2025-09-30 | 2.82 |
| 2025-09-29 | 2.86 |
| 2025-09-26 | 2.91 |
| 2025-09-25 | 2.86 |
| 2025-09-24 | 2.95 |
| 2025-09-23 | 2.92 |
| 2025-09-22 | 2.79 |
| 2025-09-19 | 2.81 |
| 2025-09-18 | 2.76 |
| 2025-09-17 | 2.72 |
| 2025-09-16 | 2.68 |
| 2025-09-15 | 2.71 |
| 2025-09-12 | 2.73 |
| 2025-09-11 | 2.73 |
| 2025-09-10 | 2.67 |
| 2025-09-09 | 2.72 |
| 2025-09-08 | 2.66 |
| 2025-09-05 | 2.70 |
| 2025-09-04 | 2.56 |
| 2025-09-03 | 2.64 |
| 2025-09-02 | 2.73 |
| 2025-08-29 | 2.05 |
| 2025-08-28 | 2.07 |
| 2025-08-27 | 2.06 |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.
