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 8.62 is in line with its estimated 1-year average of 9.56, near the low end of its estimated 1-year range (6.11–15.73).
As of 2026-10-06T15:11:05.420Z.
Calculation as of: 2026-10-06T15:11:05.420Z.
Quote observation: 2026-10-06T15:10:24.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 38b5431cb1e3da682f5ebe5fe36c67887aeb28768e172b1d79306996b6f580d0
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
8.62
PB RATIO AVG TTM
N/A
PB RATIO AVG 3Y
N/A
PB RATIO AVG 5Y
N/A
PB RATIO AVG 10Y
N/A
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
N/A
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
2.39
median of 572 covered companies
CURRENT VS SECTOR MEDIAN
+260.67%
vs the sector median at left
Market Cap
$4.45B
PB Ratio
31.17
TTM Avg
15.38
3Y Avg
7.95
5Y Avg
5.98
Market Cap
$4.42B
PB Ratio
N/A
TTM Avg
112.47
3Y Avg
67.16
5Y Avg
67.16
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| BillionToOne, Inc. (BLLN) | $4.62B | 8.62 | N/A | N/A | N/A |
| Option Care Health, Inc. (OPCH)vs › | $4.64B | 3.69 | 3.24 | 3.55 | 3.83 |
| LifeStance Health Group, Inc. (LFST)vs › | $4.66B | 3.15 | 2.16 | 1.83 | 1.79 |
| Definium Therapeutics, Inc. (DFTX)vs › | $4.69B | 5.10 | 8.50 | 4.54 | 3.56 |
| Adaptive Biotechnologies Corporation (ADPT)vs › | $4.45B | 31.17 | 15.38 | 7.95 | 5.98 |
| Dianthus Therapeutics, Inc. (DNTH)vs › | $4.81B | 4.10 | 4.23 | 2.59 | 1.94 |
| Indivior Pharmaceuticals Inc (INDV)vs › | $4.42B | N/A | 112.47 | 67.16 | 67.16 |
| Oruka Therapeutics, Inc. (ORKA)vs › | $4.86B | 4.37 | 5.48 | 6.23 | 4.85 |
| Heartflow, Inc. Common Stock (HTFL)vs › | $4.37B | 15.63 | 9.65 | 9.65 | 9.65 |
| Edgewise Therapeutics, Inc. (EWTX)vs › | $4.36B | 9.72 | 6.66 | 4.60 | 3.49 |
At 8.62, P/B is below its estimated 1-year median — higher than 33% of readings in its estimated 1-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 1-year low
6.11
median
9.32
estimated 1-year high
15.73
P/B Ratio
8.62
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 | 11.06 |
| 2026-10-02 | 10.74 |
| 2026-10-01 | 10.73 |
| 2026-09-30 | 10.80 |
| 2026-09-29 | 11.99 |
| 2026-09-28 | 12.35 |
| 2026-09-25 | 12.49 |
| 2026-09-24 | 12.67 |
| 2026-09-23 | 11.61 |
| 2026-09-22 | 11.77 |
| 2026-09-21 | 10.54 |
| 2026-09-18 | 10.74 |
| 2026-09-17 | 11.23 |
| 2026-09-16 | 10.51 |
| 2026-09-15 | 10.58 |
| 2026-09-14 | 10.23 |
| 2026-09-11 | 10.02 |
| 2026-09-10 | 9.99 |
| 2026-09-09 | 10.06 |
| 2026-09-08 | 10.05 |
| 2026-09-04 | 10.08 |
| 2026-09-03 | 10.09 |
| 2026-09-02 | 9.75 |
| 2026-09-01 | 9.37 |
| 2026-08-31 | 9.20 |
| 2026-08-28 | 9.46 |
| 2026-08-27 | 9.65 |
| 2026-08-26 | 9.76 |
| 2026-08-25 | 10.15 |
| 2026-08-24 | 9.81 |
| 2026-08-21 | 9.64 |
| 2026-08-20 | 9.66 |
| 2026-08-19 | 9.30 |
| 2026-08-18 | 8.93 |
| 2026-08-17 | 9.53 |
| 2026-08-14 | 9.47 |
| 2026-08-13 | 9.54 |
| 2026-08-12 | 9.89 |
| 2026-08-11 | 9.94 |
| 2026-08-10 | 10.01 |
| 2026-08-07 | 9.47 |
| 2026-08-06 | 9.30 |
| 2026-08-05 | 15.73 |
| 2026-08-04 | 14.92 |
| 2026-08-03 | 14.40 |
| 2026-07-31 | 14.54 |
| 2026-07-30 | 14.64 |
| 2026-07-29 | 13.90 |
| 2026-07-28 | 14.02 |
| 2026-07-27 | 13.42 |
| 2026-07-24 | 13.22 |
| 2026-07-23 | 13.52 |
| 2026-07-22 | 13.55 |
| 2026-07-21 | 13.90 |
| 2026-07-20 | 13.12 |
| 2026-07-17 | 13.67 |
| 2026-07-16 | 13.44 |
| 2026-07-15 | 13.62 |
| 2026-07-14 | 13.10 |
| 2026-07-13 | 12.93 |
| 2026-07-10 | 13.30 |
| 2026-07-09 | 13.42 |
| 2026-07-08 | 12.65 |
| 2026-07-07 | 12.38 |
| 2026-07-06 | 12.94 |
| 2026-07-02 | 12.62 |
| 2026-07-01 | 12.83 |
| 2026-06-30 | 12.58 |
| 2026-06-29 | 12.63 |
| 2026-06-26 | 12.39 |
| 2026-06-25 | 11.77 |
| 2026-06-24 | 11.30 |
| 2026-06-23 | 10.94 |
| 2026-06-22 | 10.56 |
| 2026-06-18 | 11.03 |
| 2026-06-17 | 10.42 |
| 2026-06-16 | 10.56 |
| 2026-06-15 | 10.90 |
| 2026-06-12 | 10.61 |
| 2026-06-11 | 10.45 |
| 2026-06-10 | 10.41 |
| 2026-06-09 | 10.74 |
| 2026-06-08 | 9.90 |
| 2026-06-05 | 10.19 |
| 2026-06-04 | 10.97 |
| 2026-06-03 | 10.32 |
| 2026-06-02 | 9.88 |
| 2026-06-01 | 9.56 |
| 2026-05-29 | 10.38 |
| 2026-05-28 | 10.26 |
| 2026-05-27 | 9.55 |
| 2026-05-26 | 8.86 |
| 2026-05-22 | 9.01 |
| 2026-05-21 | 9.04 |
| 2026-05-20 | 8.74 |
| 2026-05-19 | 8.63 |
| 2026-05-18 | 9.03 |
| 2026-05-15 | 8.67 |
| 2026-05-14 | 9.22 |
| 2026-05-13 | 9.50 |
| 2026-05-12 | 9.88 |
| 2026-05-11 | 11.11 |
| 2026-05-08 | 9.75 |
| 2026-05-07 | 9.74 |
| 2026-05-06 | 8.54 |
| 2026-05-05 | 8.38 |
| 2026-05-04 | 7.56 |
| 2026-05-01 | 8.13 |
| 2026-04-30 | 7.87 |
| 2026-04-29 | 7.73 |
| 2026-04-28 | 8.20 |
| 2026-04-27 | 8.57 |
| 2026-04-24 | 8.89 |
| 2026-04-23 | 8.80 |
| 2026-04-22 | 9.11 |
| 2026-04-21 | 9.33 |
| 2026-04-20 | 9.12 |
| 2026-04-17 | 8.33 |
| 2026-04-16 | 8.27 |
| 2026-04-15 | 8.45 |
| 2026-04-14 | 8.68 |
| 2026-04-13 | 8.25 |
| 2026-04-10 | 8.51 |
| 2026-04-09 | 8.65 |
| 2026-04-08 | 9.65 |
| 2026-04-07 | 9.28 |
| 2026-04-06 | 8.97 |
| 2026-04-02 | 8.32 |
| 2026-04-01 | 8.70 |
| 2026-03-31 | 7.53 |
| 2026-03-30 | 6.69 |
| 2026-03-27 | 6.64 |
| 2026-03-26 | 6.82 |
| 2026-03-25 | 7.35 |
| 2026-03-24 | 7.07 |
| 2026-03-23 | 7.59 |
| 2026-03-20 | 7.25 |
| 2026-03-19 | 7.06 |
| 2026-03-18 | 6.80 |
| 2026-03-17 | 6.66 |
| 2026-03-16 | 6.81 |
| 2026-03-13 | 6.59 |
| 2026-03-12 | 6.11 |
| 2026-03-11 | 6.43 |
| 2026-03-10 | 6.70 |
| 2026-03-09 | 6.88 |
| 2026-03-06 | 7.01 |
| 2026-03-05 | 6.89 |
| 2026-03-04 | 7.71 |
| 2026-03-03 | 7.93 |
| 2026-03-02 | 7.50 |
| 2026-02-27 | 7.28 |
| 2026-02-26 | 6.81 |
| 2026-02-25 | 6.68 |
| 2026-02-24 | 6.74 |
| 2026-02-23 | 6.88 |
| 2026-02-20 | 8.15 |
| 2026-02-19 | 8.63 |
| 2026-02-18 | 8.55 |
| 2026-02-17 | 8.89 |
| 2026-02-13 | 8.45 |
| 2026-02-12 | 8.56 |
| 2026-02-11 | 8.18 |
| 2026-02-10 | 8.77 |
| 2026-02-09 | 8.82 |
| 2026-02-06 | 8.64 |
| 2026-02-05 | 8.12 |
| 2026-02-04 | 7.97 |
| 2026-02-03 | 7.89 |
| 2026-02-02 | 7.97 |
| 2026-01-30 | 7.87 |
| 2026-01-29 | 7.75 |
| 2026-01-28 | 8.21 |
| 2026-01-27 | 8.16 |
| 2026-01-26 | 8.22 |
| 2026-01-23 | 8.35 |
| 2026-01-22 | 8.64 |
| 2026-01-21 | 8.02 |
| 2026-01-20 | 8.20 |
| 2026-01-16 | 8.47 |
| 2026-01-15 | 9.04 |
| 2026-01-14 | 9.00 |
| 2026-01-13 | 9.24 |
| 2026-01-12 | 9.46 |
| 2026-01-09 | 8.20 |
| 2026-01-08 | 8.36 |
| 2026-01-07 | 8.53 |
| 2026-01-06 | 9.05 |
| 2026-01-05 | 9.06 |
| 2026-01-02 | 8.52 |