Basis: Latest stored market observation. 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 2.01 is 93% below its 5-year average of 30.06, near the low end of its 5-year range (1.77–106.91).
76.80% below its 12-month average of 8.66.
PB RATIO
2.01
PB RATIO AVG TTM
8.66
PB RATIO AVG 3Y
12.86
PB RATIO AVG 5Y
30.06
PB RATIO AVG 10Y
23.89
PB RATIO AVG 15Y
9.32
PB RATIO AVG 20Y
9.52
CURRENT VS TTM AVG
-76.80%
CURRENT VS 3Y AVG
-84.37%
CURRENT VS 5Y AVG
-93.31%
CURRENT VS 10Y AVG
-91.59%
CURRENT VS 15Y AVG
-78.43%
CURRENT VS 20Y AVG
-78.89%
SECTOR MEDIAN · HEALTHCARE
3.31
median of 74 covered companies
CURRENT VS SECTOR MEDIAN
-39.37%
vs the sector median at left
Market Cap
$23.10B
PB Ratio
7.83
TTM Avg
6.64
3Y Avg
7.95
5Y Avg
9.24
Market Cap
$22.43B
PB Ratio
4.23
TTM Avg
3.46
3Y Avg
2.76
5Y Avg
2.64
Market Cap
$26.82B
PB Ratio
N/A
TTM Avg
1966.63
3Y Avg
623.56
5Y Avg
375.27
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waters Corporation (WAT) | $24.42B | 2.01 | 8.66 | 12.86 | 30.06 |
| Labcorp Holdings Inc. (LH)vs › | $24.34B | 2.82 | 2.60 | 2.43 | 2.25 |
| Quest Diagnostics Incorporated (DGX)vs › | $25.15B | 3.40 | 2.94 | 2.67 | 2.70 |
| Incyte Corporation (INCY)vs › | $23.51B | 4.38 | 4.06 | 3.62 | 3.91 |
| West Pharmaceutical Services, Inc. (WST)vs › | $23.10B | 7.83 | 6.64 | 7.95 | 9.24 |
| BioNTech SE (BNTX)vs › | $22.59B | 1.04 | 1.12 | 1.15 | 2.17 |
| United Therapeutics Corporation (UTHR)vs › | $22.43B | 4.23 | 3.46 | 2.76 | 2.64 |
| Mettler-Toledo International Inc. (MTD)vs › | $26.82B | N/A | 1966.63 | 623.56 | 375.27 |
| Moderna, Inc. (MRNA)vs › | $21.45B | 2.88 | 1.87 | 2.09 | 4.36 |
| GE HealthCare Technologies Inc. (GEHC)vs › | $27.56B | 2.60 | 3.33 | 4.20 | 4.20 |
At 2.01, P/B is cheaper than usual, sitting higher than 1% of its 20-year history.
20-year low
1.77
median
7.68
20-year high
141.10
P/B Ratio
2.01
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 |
|---|---|
| 2026-07-24 | 2.01 |
| 2026-07-23 | 2.05 |
| 2026-07-22 | 1.99 |
| 2026-07-21 | 1.97 |
| 2026-07-20 | 1.92 |
| 2026-07-17 | 1.98 |
| 2026-07-16 | 2.03 |
| 2026-07-15 | 2.01 |
| 2026-07-14 | 2.02 |
| 2026-07-13 | 2.00 |
| 2026-07-10 | 2.02 |
| 2026-07-09 | 2.03 |
| 2026-07-08 | 1.98 |
| 2026-07-07 | 2.01 |
| 2026-07-06 | 2.04 |
| 2026-07-02 | 2.04 |
| 2026-07-01 | 2.03 |
| 2026-06-30 | 2.01 |
| 2026-06-29 | 1.98 |
| 2026-06-26 | 2.01 |
| 2026-06-25 | 2.02 |
| 2026-06-24 | 1.98 |
| 2026-06-23 | 1.92 |
| 2026-06-22 | 1.92 |
| 2026-06-18 | 1.91 |
| 2026-06-17 | 1.92 |
| 2026-06-16 | 1.94 |
| 2026-06-15 | 1.92 |
| 2026-06-12 | 1.91 |
| 2026-06-11 | 1.93 |
| 2026-06-10 | 1.95 |
| 2026-06-09 | 1.99 |
| 2026-06-08 | 1.95 |
| 2026-06-05 | 1.96 |
| 2026-06-04 | 2.02 |
| 2026-06-03 | 2.04 |
| 2026-06-02 | 2.00 |
| 2026-06-01 | 2.03 |
| 2026-05-29 | 2.06 |
| 2026-05-28 | 1.97 |
| 2026-05-27 | 1.84 |
| 2026-05-26 | 1.82 |
| 2026-05-22 | 1.84 |
| 2026-05-21 | 1.83 |
| 2026-05-20 | 1.83 |
| 2026-05-19 | 1.79 |
| 2026-05-18 | 1.78 |
| 2026-05-15 | 1.77 |
| 2026-05-14 | 1.79 |
| 2026-05-13 | 1.80 |
| 2026-05-12 | 1.89 |
| 2026-05-11 | 8.12 |
| 2026-05-08 | 8.29 |
| 2026-05-07 | 8.18 |
| 2026-05-06 | 8.16 |
| 2026-05-05 | 7.99 |
| 2026-05-04 | 7.04 |
| 2026-05-01 | 7.17 |
| 2026-04-30 | 7.22 |
| 2026-04-29 | 6.82 |
| 2026-04-28 | 7.02 |
| 2026-04-27 | 7.00 |
| 2026-04-24 | 7.23 |
| 2026-04-23 | 7.26 |
| 2026-04-22 | 7.80 |
| 2026-04-21 | 7.82 |
| 2026-04-20 | 7.83 |
| 2026-04-17 | 7.65 |
| 2026-04-16 | 7.44 |
| 2026-04-15 | 7.61 |
| 2026-04-14 | 7.72 |
| 2026-04-13 | 7.58 |
| 2026-04-10 | 7.47 |
| 2026-04-09 | 7.41 |
| 2026-04-08 | 7.43 |
| 2026-04-07 | 7.17 |
| 2026-04-06 | 7.10 |
| 2026-04-02 | 7.10 |
| 2026-04-01 | 7.00 |
| 2026-03-31 | 6.95 |
| 2026-03-30 | 6.85 |
| 2026-03-27 | 6.75 |
| 2026-03-26 | 7.01 |
| 2026-03-25 | 7.05 |
| 2026-03-24 | 7.04 |
| 2026-03-23 | 7.04 |
| 2026-03-20 | 6.98 |
| 2026-03-19 | 6.99 |
| 2026-03-18 | 6.88 |
| 2026-03-17 | 6.93 |
| 2026-03-16 | 6.77 |
| 2026-03-13 | 6.69 |
| 2026-03-12 | 6.61 |
| 2026-03-11 | 6.94 |
| 2026-03-10 | 6.99 |
| 2026-03-09 | 7.13 |
| 2026-03-06 | 7.06 |
| 2026-03-05 | 7.36 |
| 2026-03-04 | 7.44 |
| 2026-03-03 | 7.28 |
| 2026-03-02 | 7.17 |
| 2026-02-27 | 7.45 |
| 2026-02-26 | 7.53 |
| 2026-02-25 | 7.45 |
| 2026-02-24 | 7.61 |
| 2026-02-23 | 7.65 |
| 2026-02-20 | 8.53 |
| 2026-02-19 | 8.41 |
| 2026-02-18 | 8.38 |
| 2026-02-17 | 8.22 |
| 2026-02-13 | 8.27 |
| 2026-02-12 | 8.18 |
| 2026-02-11 | 8.42 |
| 2026-02-10 | 8.37 |
| 2026-02-09 | 8.39 |
| 2026-02-06 | 9.75 |
| 2026-02-05 | 9.64 |
| 2026-02-04 | 9.83 |
| 2026-02-03 | 9.69 |
| 2026-02-02 | 9.70 |
| 2026-01-30 | 9.48 |
| 2026-01-29 | 9.60 |
| 2026-01-28 | 9.85 |
| 2026-01-27 | 9.98 |
| 2026-01-26 | 10.00 |
| 2026-01-23 | 10.04 |
| 2026-01-22 | 10.24 |
| 2026-01-21 | 10.15 |
| 2026-01-20 | 9.82 |
| 2026-01-16 | 9.91 |
| 2026-01-15 | 10.09 |
| 2026-01-14 | 10.06 |
| 2026-01-13 | 10.08 |
| 2026-01-12 | 10.07 |
| 2026-01-09 | 10.15 |
| 2026-01-08 | 10.15 |
| 2026-01-07 | 10.22 |
| 2026-01-06 | 10.25 |
| 2026-01-05 | 10.10 |
| 2026-01-02 | 9.77 |
| 2025-12-31 | 9.72 |
| 2025-12-30 | 9.82 |
| 2025-12-29 | 9.85 |
| 2025-12-26 | 9.88 |
| 2025-12-24 | 9.84 |
| 2025-12-23 | 9.80 |
| 2025-12-22 | 9.83 |
| 2025-12-19 | 9.67 |
| 2025-12-18 | 9.63 |
| 2025-12-17 | 9.65 |
| 2025-12-16 | 9.68 |
| 2025-12-15 | 9.86 |
| 2025-12-12 | 9.86 |
| 2025-12-11 | 10.03 |
| 2025-12-10 | 10.13 |
| 2025-12-09 | 9.88 |
| 2025-12-08 | 10.05 |
| 2025-12-05 | 10.10 |
| 2025-12-04 | 10.14 |
| 2025-12-03 | 10.17 |
| 2025-12-02 | 10.20 |
| 2025-12-01 | 10.18 |
| 2025-11-28 | 10.32 |
| 2025-11-26 | 10.42 |
| 2025-11-25 | 10.55 |
| 2025-11-24 | 10.22 |
| 2025-11-21 | 10.08 |
| 2025-11-20 | 9.69 |
| 2025-11-19 | 9.62 |
| 2025-11-18 | 9.63 |
| 2025-11-17 | 9.67 |
| 2025-11-14 | 9.71 |
| 2025-11-13 | 9.70 |
| 2025-11-12 | 9.91 |
| 2025-11-11 | 9.88 |
| 2025-11-10 | 9.63 |
| 2025-11-07 | 9.51 |
| 2025-11-06 | 9.49 |
| 2025-11-05 | 9.52 |
| 2025-11-04 | 9.40 |
| 2025-11-03 | 9.55 |
| 2025-10-31 | 9.66 |
| 2025-10-30 | 9.47 |
| 2025-10-29 | 9.49 |
| 2025-10-28 | 9.56 |
| 2025-10-27 | 9.72 |
| 2025-10-24 | 9.93 |
| 2025-10-23 | 9.82 |
| 2025-10-22 | 9.63 |
| 2025-10-21 | 9.65 |
| 2025-10-20 | 9.48 |
| 2025-10-17 | 9.24 |
| 2025-10-16 | 9.25 |
| 2025-10-15 | 9.18 |
| 2025-10-14 | 9.20 |
| 2025-10-13 | 9.29 |
| 2025-10-10 | 9.14 |
| 2025-10-09 | 9.13 |
| 2025-10-08 | 9.05 |
| 2025-10-07 | 8.79 |
| 2025-10-06 | 9.05 |
| 2025-10-03 | 9.07 |
| 2025-10-02 | 8.89 |
| 2025-10-01 | 8.83 |
| 2025-09-30 | 8.28 |
| 2025-09-29 | 7.99 |
| 2025-09-26 | 8.06 |
| 2025-09-25 | 7.95 |
| 2025-09-24 | 8.08 |
| 2025-09-23 | 8.26 |
| 2025-09-22 | 8.35 |
| 2025-09-19 | 8.31 |
| 2025-09-18 | 8.46 |
| 2025-09-17 | 8.39 |
| 2025-09-16 | 8.37 |
| 2025-09-15 | 8.26 |
| 2025-09-12 | 8.16 |
| 2025-09-11 | 8.35 |
| 2025-09-10 | 8.09 |
| 2025-09-09 | 8.30 |
| 2025-09-08 | 8.55 |
| 2025-09-05 | 8.46 |
| 2025-09-04 | 8.28 |
| 2025-09-03 | 8.01 |
| 2025-09-02 | 8.19 |
| 2025-08-29 | 8.34 |
| 2025-08-28 | 8.22 |
| 2025-08-27 | 8.14 |
| 2025-08-26 | 8.18 |
| 2025-08-25 | 8.26 |
| 2025-08-22 | 8.35 |
| 2025-08-21 | 8.02 |
| 2025-08-20 | 8.20 |
| 2025-08-19 | 8.22 |
| 2025-08-18 | 7.99 |
| 2025-08-15 | 8.05 |
| 2025-08-14 | 8.11 |
| 2025-08-13 | 8.20 |
| 2025-08-12 | 7.89 |
| 2025-08-11 | 7.71 |
| 2025-08-08 | 7.77 |
| 2025-08-07 | 7.68 |
| 2025-08-06 | 7.67 |
| 2025-08-05 | 7.77 |
| 2025-08-04 | 7.89 |
| 2025-08-01 | 8.83 |
| 2025-07-31 | 8.79 |
| 2025-07-30 | 9.10 |
| 2025-07-29 | 9.23 |
| 2025-07-28 | 9.20 |
| 2025-07-25 | 9.22 |
| 2025-07-24 | 9.08 |
| 2025-07-23 | 9.00 |
| 2025-07-22 | 8.75 |
| 2025-07-21 | 8.57 |
| 2025-07-18 | 8.75 |
| 2025-07-17 | 9.03 |
| 2025-07-16 | 8.81 |
| 2025-07-15 | 8.81 |
| 2025-07-14 | 9.26 |
Showing the most recent 260 of 4,780 data points. The chart above shows the full history.