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 9.71 is 41% below its estimated 5-year average of 16.34, near the low end of its estimated 5-year range (9.39–25.15).
As of 2026-09-11T02:47:47.149Z. 18.08% below its estimated 12-month average of 11.85.
Calculation as of: 2026-09-11T02:47:47.149Z.
Quote observation: 2026-09-10T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 8df4a391f7584645d3652e12163d9787f9c9569adfa147d912b4947b0ca9b70d
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
9.71
PB RATIO AVG TTM
11.85
PB RATIO AVG 3Y
14.53
PB RATIO AVG 5Y
16.34
PB RATIO AVG 10Y
18.69
PB RATIO AVG 15Y
18.59
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-18.08%
CURRENT VS 3Y AVG
-33.19%
CURRENT VS 5Y AVG
-40.57%
CURRENT VS 10Y AVG
-48.06%
CURRENT VS 15Y AVG
-47.78%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
4.12
median of 84 covered companies
CURRENT VS SECTOR MEDIAN
+135.68%
vs the sector median at left
Market Cap
$29.02B
PB Ratio
2.64
TTM Avg
3.25
3Y Avg
4.14
5Y Avg
4.14
Market Cap
$33.12B
PB Ratio
24.46
TTM Avg
125.14
3Y Avg
335.24
5Y Avg
228.89
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Zoetis Inc. (ZTS) | $30.56B | 9.71 | 11.85 | 14.53 | 16.34 |
| Waters Corporation (WAT)vs › | $30.04B | 1.98 | 6.59 | 12.12 | 27.70 |
| Biogen Inc. (BIIB)vs › | $31.83B | 1.69 | 1.47 | 1.67 | 2.23 |
| ResMed Inc. (RMD)vs › | $31.85B | 4.84 | 5.53 | 6.13 | 7.66 |
| DexCom, Inc. (DXCM)vs › | $31.89B | 12.17 | 10.25 | 15.28 | 18.21 |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.02B | 2.64 | 3.25 | 4.14 | 4.14 |
| Centene Corp. (CNC)vs › | $32.31B | 1.43 | 1.08 | 1.21 | 1.41 |
| Alcon Inc. (ALC)vs › | $32.46B | 1.50 | 1.67 | 1.91 | 1.90 |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $33.12B | 24.46 | 125.14 | 335.24 | 228.89 |
| Medline Inc. (MDLN)vs › | $27.39B | 2.37 | 3.04 | 3.04 | 3.04 |
At 9.71, P/B is below its estimated 14-year median — higher than 3% of readings in its estimated 14-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 14-year low
3.64
median
18.40
estimated 14-year high
28.07
P/B Ratio
9.71
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 | 9.73 |
| 2026-09-08 | 9.76 |
| 2026-09-04 | 10.06 |
| 2026-09-03 | 10.12 |
| 2026-09-02 | 10.11 |
| 2026-09-01 | 10.25 |
| 2026-08-31 | 10.23 |
| 2026-08-28 | 10.26 |
| 2026-08-27 | 9.95 |
| 2026-08-26 | 10.29 |
| 2026-08-25 | 10.26 |
| 2026-08-24 | 10.24 |
| 2026-08-21 | 10.31 |
| 2026-08-20 | 9.95 |
| 2026-08-19 | 10.17 |
| 2026-08-18 | 9.81 |
| 2026-08-17 | 9.68 |
| 2026-08-14 | 9.79 |
| 2026-08-13 | 10.06 |
| 2026-08-12 | 9.76 |
| 2026-08-11 | 10.00 |
| 2026-08-10 | 9.93 |
| 2026-08-07 | 9.64 |
| 2026-08-06 | 10.10 |
| 2026-08-05 | 9.72 |
| 2026-08-04 | 9.93 |
| 2026-08-03 | 10.07 |
| 2026-07-31 | 10.10 |
| 2026-07-30 | 9.93 |
| 2026-07-29 | 10.18 |
| 2026-07-28 | 10.13 |
| 2026-07-27 | 10.05 |
| 2026-07-24 | 9.84 |
| 2026-07-23 | 9.74 |
| 2026-07-22 | 9.69 |
| 2026-07-21 | 9.84 |
| 2026-07-20 | 9.96 |
| 2026-07-17 | 10.00 |
| 2026-07-16 | 10.05 |
| 2026-07-15 | 9.74 |
| 2026-07-14 | 9.68 |
| 2026-07-13 | 9.85 |
| 2026-07-10 | 9.87 |
| 2026-07-09 | 9.81 |
| 2026-07-08 | 9.81 |
| 2026-07-07 | 9.97 |
| 2026-07-06 | 9.85 |
| 2026-07-02 | 9.77 |
| 2026-07-01 | 9.47 |
| 2026-06-30 | 9.39 |
| 2026-06-29 | 9.57 |
| 2026-06-26 | 9.94 |
| 2026-06-25 | 10.17 |
| 2026-06-24 | 10.21 |
| 2026-06-23 | 10.04 |
| 2026-06-22 | 9.92 |
| 2026-06-18 | 10.28 |
| 2026-06-17 | 10.09 |
| 2026-06-16 | 10.36 |
| 2026-06-15 | 10.45 |
| 2026-06-12 | 10.40 |
| 2026-06-11 | 10.64 |
| 2026-06-10 | 10.62 |
| 2026-06-09 | 10.74 |
| 2026-06-08 | 10.30 |
| 2026-06-05 | 10.38 |
| 2026-06-04 | 10.39 |
| 2026-06-03 | 10.14 |
| 2026-06-02 | 9.98 |
| 2026-06-01 | 10.13 |
| 2026-05-29 | 10.15 |
| 2026-05-28 | 10.23 |
| 2026-05-27 | 10.38 |
| 2026-05-26 | 10.48 |
| 2026-05-22 | 10.62 |
| 2026-05-21 | 10.46 |
| 2026-05-20 | 10.41 |
| 2026-05-19 | 10.31 |
| 2026-05-18 | 10.15 |
| 2026-05-15 | 9.70 |
| 2026-05-14 | 9.86 |
| 2026-05-13 | 9.71 |
| 2026-05-12 | 10.05 |
| 2026-05-11 | 10.02 |
| 2026-05-08 | 10.82 |
| 2026-05-07 | 11.50 |
| 2026-05-06 | 14.64 |
| 2026-05-05 | 14.82 |
| 2026-05-04 | 14.84 |
| 2026-05-01 | 15.03 |
| 2026-04-30 | 15.14 |
| 2026-04-29 | 14.99 |
| 2026-04-28 | 15.36 |
| 2026-04-27 | 15.52 |
| 2026-04-24 | 15.39 |
| 2026-04-23 | 15.28 |
| 2026-04-22 | 15.47 |
| 2026-04-21 | 15.56 |
| 2026-04-20 | 16.16 |
| 2026-04-17 | 16.11 |
| 2026-04-16 | 15.67 |
| 2026-04-15 | 15.90 |
| 2026-04-14 | 15.95 |
| 2026-04-13 | 15.81 |
| 2026-04-10 | 15.52 |
| 2026-04-09 | 15.80 |
| 2026-04-08 | 15.77 |
| 2026-04-07 | 15.38 |
| 2026-04-06 | 15.57 |
| 2026-04-02 | 15.53 |
| 2026-04-01 | 15.44 |
| 2026-03-31 | 15.56 |
| 2026-03-30 | 15.32 |
| 2026-03-27 | 14.93 |
| 2026-03-26 | 15.36 |
| 2026-03-25 | 15.37 |
| 2026-03-24 | 15.26 |
| 2026-03-23 | 15.17 |
| 2026-03-20 | 15.23 |
| 2026-03-19 | 15.27 |
| 2026-03-18 | 15.45 |
| 2026-03-17 | 16.02 |
| 2026-03-16 | 15.56 |
| 2026-03-13 | 15.22 |
| 2026-03-12 | 15.21 |
| 2026-03-11 | 15.77 |
| 2026-03-10 | 15.87 |
| 2026-03-09 | 16.11 |
| 2026-03-06 | 15.99 |
| 2026-03-05 | 16.09 |
| 2026-03-04 | 16.59 |
| 2026-03-03 | 16.58 |
| 2026-03-02 | 16.98 |
| 2026-02-27 | 17.26 |
| 2026-02-26 | 17.09 |
| 2026-02-25 | 16.98 |
| 2026-02-24 | 16.94 |
| 2026-02-23 | 16.56 |
| 2026-02-20 | 16.96 |
| 2026-02-19 | 16.76 |
| 2026-02-18 | 17.00 |
| 2026-02-17 | 16.53 |
| 2026-02-13 | 16.68 |
| 2026-02-12 | 10.32 |
| 2026-02-11 | 10.56 |
| 2026-02-10 | 10.52 |
| 2026-02-09 | 10.45 |
| 2026-02-06 | 10.46 |
| 2026-02-05 | 10.41 |
| 2026-02-04 | 10.40 |
| 2026-02-03 | 10.05 |
| 2026-02-02 | 10.26 |
| 2026-01-30 | 10.25 |
| 2026-01-29 | 9.99 |
| 2026-01-28 | 10.01 |
| 2026-01-27 | 10.26 |
| 2026-01-26 | 10.17 |
| 2026-01-23 | 10.19 |
| 2026-01-22 | 10.21 |
| 2026-01-21 | 10.27 |
| 2026-01-20 | 10.12 |
| 2026-01-16 | 10.23 |
| 2026-01-15 | 10.29 |
| 2026-01-14 | 10.33 |
| 2026-01-13 | 10.23 |
| 2026-01-12 | 10.29 |
| 2026-01-09 | 10.44 |
| 2026-01-08 | 10.41 |
| 2026-01-07 | 10.32 |
| 2026-01-06 | 10.62 |
| 2026-01-05 | 10.62 |
| 2026-01-02 | 10.34 |
| 2025-12-31 | 10.33 |
| 2025-12-30 | 10.38 |
| 2025-12-29 | 10.34 |
| 2025-12-26 | 10.36 |
| 2025-12-24 | 10.30 |
| 2025-12-23 | 10.14 |
| 2025-12-22 | 10.16 |
| 2025-12-19 | 10.04 |
| 2025-12-18 | 10.08 |
| 2025-12-17 | 10.04 |
| 2025-12-16 | 10.12 |
| 2025-12-15 | 9.93 |
| 2025-12-12 | 9.74 |
| 2025-12-11 | 9.66 |
| 2025-12-10 | 9.69 |
| 2025-12-09 | 9.50 |
| 2025-12-08 | 9.70 |
| 2025-12-05 | 9.74 |
| 2025-12-04 | 9.89 |
| 2025-12-03 | 10.06 |
| 2025-12-02 | 10.22 |
| 2025-12-01 | 10.45 |
| 2025-11-28 | 10.52 |
| 2025-11-26 | 10.48 |
| 2025-11-25 | 10.50 |
| 2025-11-24 | 10.09 |
| 2025-11-21 | 10.02 |
| 2025-11-20 | 9.52 |
| 2025-11-19 | 9.61 |
| 2025-11-18 | 9.70 |
| 2025-11-17 | 9.75 |
| 2025-11-14 | 9.92 |
| 2025-11-13 | 9.95 |
| 2025-11-12 | 9.96 |
| 2025-11-11 | 9.86 |
| 2025-11-10 | 9.84 |
| 2025-11-07 | 9.87 |
| 2025-11-06 | 9.82 |
| 2025-11-05 | 9.89 |
| 2025-11-04 | 11.14 |
| 2025-11-03 | 12.92 |
| 2025-10-31 | 12.90 |
| 2025-10-30 | 12.90 |
| 2025-10-29 | 12.88 |
| 2025-10-28 | 13.02 |
| 2025-10-27 | 13.21 |
| 2025-10-24 | 13.06 |
| 2025-10-23 | 13.10 |
| 2025-10-22 | 13.17 |
| 2025-10-21 | 13.08 |
| 2025-10-20 | 12.98 |
| 2025-10-17 | 12.90 |
| 2025-10-16 | 12.82 |
| 2025-10-15 | 12.72 |
| 2025-10-14 | 12.84 |
| 2025-10-13 | 12.73 |
| 2025-10-10 | 12.63 |
| 2025-10-09 | 12.84 |
| 2025-10-08 | 12.84 |
| 2025-10-07 | 12.78 |
| 2025-10-06 | 13.01 |
| 2025-10-03 | 13.11 |
| 2025-10-02 | 13.11 |
| 2025-10-01 | 13.15 |
| 2025-09-30 | 13.10 |
| 2025-09-29 | 12.81 |
| 2025-09-26 | 12.84 |
| 2025-09-25 | 12.63 |
| 2025-09-24 | 12.68 |
| 2025-09-23 | 12.77 |
| 2025-09-22 | 12.95 |
| 2025-09-19 | 13.06 |
| 2025-09-18 | 13.17 |
| 2025-09-17 | 13.15 |
| 2025-09-16 | 13.20 |
| 2025-09-15 | 13.09 |
| 2025-09-12 | 13.27 |
| 2025-09-11 | 13.48 |
| 2025-09-10 | 13.37 |
| 2025-09-09 | 13.41 |
| 2025-09-08 | 13.58 |
| 2025-09-05 | 13.72 |
| 2025-09-04 | 13.71 |
| 2025-09-03 | 13.64 |
| 2025-09-02 | 13.68 |
| 2025-08-29 | 14.00 |
| 2025-08-28 | 13.86 |
| 2025-08-27 | 13.91 |
Showing the most recent 260 of 3,421 data points. The chart above shows the full history.