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 18.30 is 24% below its 5-year average of 23.95, near the low end of its 5-year range (13.80–154.44).
As of Tuesday, September 8, 2026. 11.08% below its 12-month average of 20.58.
PB RATIO
18.30
PB RATIO AVG TTM
20.58
PB RATIO AVG 3Y
23.25
PB RATIO AVG 5Y
23.95
PB RATIO AVG 10Y
16.15
PB RATIO AVG 15Y
11.99
PB RATIO AVG 20Y
8.83
CURRENT VS TTM AVG
-11.08%
CURRENT VS 3Y AVG
-21.28%
CURRENT VS 5Y AVG
-23.58%
CURRENT VS 10Y AVG
+13.32%
CURRENT VS 15Y AVG
+52.69%
CURRENT VS 20Y AVG
+107.35%
SECTOR MEDIAN · HEALTHCARE
4.16
median of 85 covered companies
CURRENT VS SECTOR MEDIAN
+339.90%
vs the sector median at left
Market Cap
$224.09B
PB Ratio
4.32
TTM Avg
3.88
3Y Avg
4.14
5Y Avg
4.64
Market Cap
$134.24B
PB Ratio
6.90
TTM Avg
6.35
3Y Avg
6.75
5Y Avg
6.48
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Amgen Inc. (AMGN) | $212.20B | 18.30 | 20.58 | 23.25 | 23.95 |
| Novo Nordisk A/S (NVO)vs › | $200.54B | 6.13 | 7.38 | 61.29 | 93.80 |
| Thermo Fisher Scientific Inc. (TMO)vs › | $224.09B | 4.32 | 3.88 | 4.14 | 4.64 |
| Abbott Laboratories (ABT)vs › | $182.59B | 3.60 | 3.79 | 4.53 | 4.95 |
| Gilead Sciences, Inc. (GILD)vs › | $182.06B | 15.87 | 8.08 | 6.44 | 5.61 |
| AstraZeneca PLC (AZN)vs › | $248.20B | 4.97 | 5.96 | 5.73 | 5.66 |
| Pfizer Inc. (PFE)vs › | $158.39B | 1.90 | 1.65 | 1.68 | 2.26 |
| Danaher Corporation (DHR)vs › | $144.25B | 2.79 | 2.79 | 3.12 | 3.39 |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $134.24B | 6.90 | 6.35 | 6.75 | 6.48 |
| Bristol-Myers Squibb Company (BMY)vs › | $132.14B | 5.94 | 5.92 | 5.49 | 5.08 |
At 18.30, P/B is above its 20-year median — higher than 78% of readings in its 20-year history.
20-year low
1.76
median
4.44
20-year high
154.44
P/B Ratio
18.30
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 |
|---|---|
| 2026-09-08 | 18.30 |
| 2026-09-04 | 20.35 |
| 2026-09-03 | 20.67 |
| 2026-09-02 | 20.61 |
| 2026-09-01 | 20.39 |
| 2026-08-31 | 20.01 |
| 2026-08-28 | 20.13 |
| 2026-08-27 | 20.34 |
| 2026-08-26 | 20.49 |
| 2026-08-25 | 20.58 |
| 2026-08-24 | 20.66 |
| 2026-08-21 | 20.45 |
| 2026-08-20 | 20.19 |
| 2026-08-19 | 20.59 |
| 2026-08-18 | 19.79 |
| 2026-08-17 | 19.52 |
| 2026-08-14 | 19.33 |
| 2026-08-13 | 19.45 |
| 2026-08-12 | 19.37 |
| 2026-08-11 | 19.28 |
| 2026-08-10 | 19.42 |
| 2026-08-07 | 19.13 |
| 2026-08-06 | 18.84 |
| 2026-08-05 | 18.98 |
| 2026-08-04 | 18.15 |
| 2026-08-03 | 22.43 |
| 2026-07-31 | 22.80 |
| 2026-07-30 | 22.95 |
| 2026-07-29 | 22.95 |
| 2026-07-28 | 23.27 |
| 2026-07-27 | 22.27 |
| 2026-07-24 | 22.26 |
| 2026-07-23 | 21.99 |
| 2026-07-22 | 21.67 |
| 2026-07-21 | 21.68 |
| 2026-07-20 | 21.56 |
| 2026-07-17 | 21.68 |
| 2026-07-16 | 22.00 |
| 2026-07-15 | 21.21 |
| 2026-07-14 | 21.03 |
| 2026-07-13 | 21.34 |
| 2026-07-10 | 21.51 |
| 2026-07-09 | 21.52 |
| 2026-07-08 | 21.78 |
| 2026-07-07 | 21.79 |
| 2026-07-06 | 21.69 |
| 2026-07-02 | 22.15 |
| 2026-07-01 | 21.39 |
| 2026-06-30 | 21.44 |
| 2026-06-29 | 21.34 |
| 2026-06-26 | 21.21 |
| 2026-06-25 | 20.89 |
| 2026-06-24 | 20.80 |
| 2026-06-23 | 20.54 |
| 2026-06-22 | 20.41 |
| 2026-06-18 | 19.98 |
| 2026-06-17 | 20.22 |
| 2026-06-16 | 20.59 |
| 2026-06-15 | 20.75 |
| 2026-06-12 | 21.03 |
| 2026-06-11 | 20.96 |
| 2026-06-10 | 19.99 |
| 2026-06-09 | 20.40 |
| 2026-06-08 | 20.47 |
| 2026-06-05 | 20.69 |
| 2026-06-04 | 20.46 |
| 2026-06-03 | 20.02 |
| 2026-06-02 | 19.43 |
| 2026-06-01 | 19.48 |
| 2026-05-29 | 19.94 |
| 2026-05-28 | 19.92 |
| 2026-05-27 | 19.89 |
| 2026-05-26 | 19.89 |
| 2026-05-22 | 20.08 |
| 2026-05-21 | 19.97 |
| 2026-05-20 | 19.63 |
| 2026-05-19 | 19.58 |
| 2026-05-18 | 19.20 |
| 2026-05-15 | 19.32 |
| 2026-05-14 | 19.90 |
| 2026-05-13 | 19.92 |
| 2026-05-12 | 19.91 |
| 2026-05-11 | 19.51 |
| 2026-05-08 | 19.63 |
| 2026-05-07 | 19.48 |
| 2026-05-06 | 19.60 |
| 2026-05-05 | 19.51 |
| 2026-05-04 | 19.17 |
| 2026-05-01 | 19.52 |
| 2026-04-30 | 20.50 |
| 2026-04-29 | 21.20 |
| 2026-04-28 | 21.30 |
| 2026-04-27 | 21.33 |
| 2026-04-24 | 21.61 |
| 2026-04-23 | 21.86 |
| 2026-04-22 | 21.69 |
| 2026-04-21 | 21.63 |
| 2026-04-20 | 21.96 |
| 2026-04-17 | 22.28 |
| 2026-04-16 | 21.91 |
| 2026-04-15 | 21.84 |
| 2026-04-14 | 22.01 |
| 2026-04-13 | 21.94 |
| 2026-04-10 | 22.01 |
| 2026-04-09 | 22.30 |
| 2026-04-08 | 21.94 |
| 2026-04-07 | 21.32 |
| 2026-04-06 | 21.48 |
| 2026-04-02 | 21.82 |
| 2026-04-01 | 22.16 |
| 2026-03-31 | 22.07 |
| 2026-03-30 | 21.89 |
| 2026-03-27 | 21.87 |
| 2026-03-26 | 22.15 |
| 2026-03-25 | 22.20 |
| 2026-03-24 | 21.85 |
| 2026-03-23 | 21.94 |
| 2026-03-20 | 21.81 |
| 2026-03-19 | 21.95 |
| 2026-03-18 | 22.04 |
| 2026-03-17 | 22.65 |
| 2026-03-16 | 22.97 |
| 2026-03-13 | 22.97 |
| 2026-03-12 | 23.07 |
| 2026-03-11 | 23.68 |
| 2026-03-10 | 23.55 |
| 2026-03-09 | 23.64 |
| 2026-03-06 | 23.18 |
| 2026-03-05 | 23.05 |
| 2026-03-04 | 23.79 |
| 2026-03-03 | 23.64 |
| 2026-03-02 | 24.19 |
| 2026-02-27 | 24.34 |
| 2026-02-26 | 23.79 |
| 2026-02-25 | 24.10 |
| 2026-02-24 | 24.01 |
| 2026-02-23 | 23.80 |
| 2026-02-20 | 23.50 |
| 2026-02-19 | 23.55 |
| 2026-02-18 | 23.82 |
| 2026-02-17 | 23.42 |
| 2026-02-13 | 23.15 |
| 2026-02-12 | 20.63 |
| 2026-02-11 | 20.66 |
| 2026-02-10 | 20.55 |
| 2026-02-09 | 21.18 |
| 2026-02-06 | 21.66 |
| 2026-02-05 | 20.72 |
| 2026-02-04 | 20.63 |
| 2026-02-03 | 19.08 |
| 2026-02-02 | 19.42 |
| 2026-01-30 | 19.26 |
| 2026-01-29 | 19.32 |
| 2026-01-28 | 19.28 |
| 2026-01-27 | 19.80 |
| 2026-01-26 | 19.70 |
| 2026-01-23 | 19.43 |
| 2026-01-22 | 19.56 |
| 2026-01-21 | 19.36 |
| 2026-01-20 | 18.65 |
| 2026-01-16 | 18.62 |
| 2026-01-15 | 18.60 |
| 2026-01-14 | 18.54 |
| 2026-01-13 | 18.27 |
| 2026-01-12 | 18.34 |
| 2026-01-09 | 18.37 |
| 2026-01-08 | 18.60 |
| 2026-01-07 | 19.25 |
| 2026-01-06 | 18.60 |
| 2026-01-05 | 18.07 |
| 2026-01-02 | 18.46 |
| 2025-12-31 | 18.44 |
| 2025-12-30 | 18.52 |
| 2025-12-29 | 18.57 |
| 2025-12-26 | 18.76 |
| 2025-12-24 | 18.82 |
| 2025-12-23 | 18.68 |
| 2025-12-22 | 18.67 |
| 2025-12-19 | 18.45 |
| 2025-12-18 | 18.28 |
| 2025-12-17 | 18.37 |
| 2025-12-16 | 18.41 |
| 2025-12-15 | 18.33 |
| 2025-12-12 | 17.90 |
| 2025-12-11 | 17.88 |
| 2025-12-10 | 17.77 |
| 2025-12-09 | 17.68 |
| 2025-12-08 | 18.10 |
| 2025-12-05 | 18.59 |
| 2025-12-04 | 19.17 |
| 2025-12-03 | 19.46 |
| 2025-12-02 | 19.07 |
| 2025-12-01 | 19.02 |
| 2025-11-28 | 19.47 |
| 2025-11-26 | 19.42 |
| 2025-11-25 | 19.22 |
| 2025-11-24 | 18.84 |
| 2025-11-21 | 19.02 |
| 2025-11-20 | 18.94 |
| 2025-11-19 | 19.29 |
| 2025-11-18 | 19.38 |
| 2025-11-17 | 19.25 |
| 2025-11-14 | 18.97 |
| 2025-11-13 | 18.93 |
| 2025-11-12 | 18.95 |
| 2025-11-11 | 19.07 |
| 2025-11-10 | 18.24 |
| 2025-11-07 | 18.04 |
| 2025-11-06 | 17.78 |
| 2025-11-05 | 18.02 |
| 2025-11-04 | 16.72 |
| 2025-11-03 | 21.58 |
| 2025-10-31 | 21.74 |
| 2025-10-30 | 21.27 |
| 2025-10-29 | 21.25 |
| 2025-10-28 | 21.27 |
| 2025-10-27 | 21.21 |
| 2025-10-24 | 21.25 |
| 2025-10-23 | 21.33 |
| 2025-10-22 | 21.56 |
| 2025-10-21 | 21.93 |
| 2025-10-20 | 22.09 |
| 2025-10-17 | 21.76 |
| 2025-10-16 | 21.54 |
| 2025-10-15 | 21.65 |
| 2025-10-14 | 21.40 |
| 2025-10-13 | 21.30 |
| 2025-10-10 | 21.13 |
| 2025-10-09 | 21.52 |
| 2025-10-08 | 21.46 |
| 2025-10-07 | 21.52 |
| 2025-10-06 | 21.42 |
| 2025-10-03 | 21.70 |
| 2025-10-02 | 21.66 |
| 2025-10-01 | 21.74 |
| 2025-09-30 | 20.55 |
| 2025-09-29 | 19.95 |
| 2025-09-26 | 19.88 |
| 2025-09-25 | 19.75 |
| 2025-09-24 | 20.34 |
| 2025-09-23 | 20.89 |
| 2025-09-22 | 20.83 |
| 2025-09-19 | 20.79 |
| 2025-09-18 | 20.09 |
| 2025-09-17 | 20.01 |
| 2025-09-16 | 19.89 |
| 2025-09-15 | 19.99 |
| 2025-09-12 | 20.13 |
| 2025-09-11 | 20.59 |
| 2025-09-10 | 20.28 |
| 2025-09-09 | 20.39 |
| 2025-09-08 | 20.41 |
| 2025-09-05 | 20.66 |
| 2025-09-04 | 20.40 |
| 2025-09-03 | 20.67 |
| 2025-09-02 | 20.90 |
| 2025-08-29 | 20.95 |
| 2025-08-28 | 20.80 |
| 2025-08-27 | 20.97 |
| 2025-08-26 | 21.09 |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.