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 12.17 is 33% below its estimated 5-year average of 18.21, near the low end of its estimated 5-year range (7.70–32.80).
As of 2026-09-11T02:33:42.633Z. 22.36% above its estimated 12-month average of 9.95.
Calculation as of: 2026-09-11T02:33:42.633Z.
Quote observation: 2026-09-10T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 8237d54513fe590b1f0ccbf83172440dd636f2ed9cd2551f17e23848d9509eee
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 2026-09-10.
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
12.17
PB RATIO AVG TTM
9.95
PB RATIO AVG 3Y
15.28
PB RATIO AVG 5Y
18.21
PB RATIO AVG 10Y
20.04
PB RATIO AVG 15Y
21.79
PB RATIO AVG 20Y
20.15
CURRENT VS TTM AVG
+22.36%
CURRENT VS 3Y AVG
-20.37%
CURRENT VS 5Y AVG
-33.17%
CURRENT VS 10Y AVG
-39.27%
CURRENT VS 15Y AVG
-44.16%
CURRENT VS 20Y AVG
-39.60%
SECTOR MEDIAN · HEALTHCARE
4.12
median of 84 covered companies
CURRENT VS SECTOR MEDIAN
+195.39%
vs the sector median at left
Market Cap
$33.12B
PB Ratio
24.46
TTM Avg
125.14
3Y Avg
335.24
5Y Avg
228.89
Market Cap
$29.02B
PB Ratio
2.64
TTM Avg
3.25
3Y Avg
4.14
5Y Avg
4.14
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| DexCom, Inc. (DXCM) | $31.89B | 12.17 | 9.95 | 15.28 | 18.21 |
| ResMed Inc. (RMD)vs › | $31.85B | 4.84 | 5.53 | 6.13 | 7.66 |
| Biogen Inc. (BIIB)vs › | $31.83B | 1.69 | 1.47 | 1.67 | 2.23 |
| 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 |
| Zoetis Inc. (ZTS)vs › | $30.56B | 9.71 | 11.85 | 14.53 | 16.11 |
| Waters Corporation (WAT)vs › | $30.04B | 1.98 | 6.59 | 12.12 | 27.70 |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.02B | 2.64 | 3.25 | 4.14 | 4.14 |
| Medline Inc. (MDLN)vs › | $27.39B | 2.37 | 3.04 | 3.04 | 3.04 |
At 12.17, P/B is below its estimated 20-year median — higher than 22% 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
3.12
median
20.20
estimated 20-year high
196.59
P/B Ratio
12.17
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 |
|---|---|
| 2026-09-10 | 12.63 |
| 2026-09-09 | 12.54 |
| 2026-09-08 | 12.63 |
| 2026-09-04 | 13.14 |
| 2026-09-03 | 13.41 |
| 2026-09-02 | 13.41 |
| 2026-09-01 | 13.47 |
| 2026-08-31 | 13.61 |
| 2026-08-28 | 13.57 |
| 2026-08-27 | 13.35 |
| 2026-08-26 | 13.30 |
| 2026-08-25 | 13.33 |
| 2026-08-24 | 13.61 |
| 2026-08-21 | 13.80 |
| 2026-08-20 | 13.48 |
| 2026-08-19 | 13.43 |
| 2026-08-18 | 13.39 |
| 2026-08-17 | 13.27 |
| 2026-08-14 | 13.41 |
| 2026-08-13 | 13.67 |
| 2026-08-12 | 13.57 |
| 2026-08-11 | 13.38 |
| 2026-08-10 | 13.10 |
| 2026-08-07 | 12.67 |
| 2026-08-06 | 12.41 |
| 2026-08-05 | 12.35 |
| 2026-08-04 | 12.99 |
| 2026-08-03 | 13.05 |
| 2026-07-31 | 12.47 |
| 2026-07-30 | 9.92 |
| 2026-07-29 | 10.00 |
| 2026-07-28 | 9.96 |
| 2026-07-27 | 9.77 |
| 2026-07-24 | 9.52 |
| 2026-07-23 | 9.38 |
| 2026-07-22 | 9.51 |
| 2026-07-21 | 9.95 |
| 2026-07-20 | 10.08 |
| 2026-07-17 | 10.20 |
| 2026-07-16 | 10.38 |
| 2026-07-15 | 9.68 |
| 2026-07-14 | 9.87 |
| 2026-07-13 | 10.16 |
| 2026-07-10 | 9.98 |
| 2026-07-09 | 9.72 |
| 2026-07-08 | 9.86 |
| 2026-07-07 | 9.79 |
| 2026-07-06 | 9.63 |
| 2026-07-02 | 9.48 |
| 2026-07-01 | 9.17 |
| 2026-06-30 | 8.97 |
| 2026-06-29 | 9.32 |
| 2026-06-26 | 9.34 |
| 2026-06-25 | 9.14 |
| 2026-06-24 | 9.28 |
| 2026-06-23 | 9.17 |
| 2026-06-22 | 9.19 |
| 2026-06-18 | 9.65 |
| 2026-06-17 | 9.48 |
| 2026-06-16 | 9.74 |
| 2026-06-15 | 9.88 |
| 2026-06-12 | 10.03 |
| 2026-06-11 | 10.02 |
| 2026-06-10 | 9.95 |
| 2026-06-09 | 10.41 |
| 2026-06-08 | 10.20 |
| 2026-06-05 | 9.70 |
| 2026-06-04 | 9.66 |
| 2026-06-03 | 9.69 |
| 2026-06-02 | 9.78 |
| 2026-06-01 | 9.97 |
| 2026-05-29 | 9.82 |
| 2026-05-28 | 9.63 |
| 2026-05-27 | 9.35 |
| 2026-05-26 | 9.59 |
| 2026-05-22 | 9.60 |
| 2026-05-21 | 9.57 |
| 2026-05-20 | 9.51 |
| 2026-05-19 | 8.91 |
| 2026-05-18 | 8.66 |
| 2026-05-15 | 8.20 |
| 2026-05-14 | 7.70 |
| 2026-05-13 | 7.80 |
| 2026-05-12 | 8.14 |
| 2026-05-11 | 7.90 |
| 2026-05-08 | 8.07 |
| 2026-05-07 | 8.11 |
| 2026-05-06 | 8.03 |
| 2026-05-05 | 7.92 |
| 2026-05-04 | 7.99 |
| 2026-05-01 | 8.17 |
| 2026-04-30 | 8.65 |
| 2026-04-29 | 8.36 |
| 2026-04-28 | 8.62 |
| 2026-04-27 | 8.92 |
| 2026-04-24 | 8.94 |
| 2026-04-23 | 9.11 |
| 2026-04-22 | 9.21 |
| 2026-04-21 | 9.09 |
| 2026-04-20 | 9.39 |
| 2026-04-17 | 9.29 |
| 2026-04-16 | 8.89 |
| 2026-04-15 | 8.94 |
| 2026-04-14 | 9.14 |
| 2026-04-13 | 9.17 |
| 2026-04-10 | 9.30 |
| 2026-04-09 | 9.54 |
| 2026-04-08 | 9.56 |
| 2026-04-07 | 9.17 |
| 2026-04-06 | 9.18 |
| 2026-04-02 | 9.04 |
| 2026-04-01 | 9.06 |
| 2026-03-31 | 9.12 |
| 2026-03-30 | 8.99 |
| 2026-03-27 | 9.04 |
| 2026-03-26 | 9.60 |
| 2026-03-25 | 9.71 |
| 2026-03-24 | 9.67 |
| 2026-03-23 | 9.58 |
| 2026-03-20 | 9.73 |
| 2026-03-19 | 9.77 |
| 2026-03-18 | 9.83 |
| 2026-03-17 | 9.78 |
| 2026-03-16 | 9.64 |
| 2026-03-13 | 9.33 |
| 2026-03-12 | 9.48 |
| 2026-03-11 | 9.63 |
| 2026-03-10 | 9.85 |
| 2026-03-09 | 9.99 |
| 2026-03-06 | 9.89 |
| 2026-03-05 | 10.27 |
| 2026-03-04 | 10.59 |
| 2026-03-03 | 10.62 |
| 2026-03-02 | 10.72 |
| 2026-02-27 | 10.67 |
| 2026-02-26 | 10.80 |
| 2026-02-25 | 10.63 |
| 2026-02-24 | 10.62 |
| 2026-02-23 | 10.64 |
| 2026-02-20 | 10.62 |
| 2026-02-19 | 10.50 |
| 2026-02-18 | 10.58 |
| 2026-02-17 | 10.23 |
| 2026-02-13 | 10.17 |
| 2026-02-12 | 9.73 |
| 2026-02-11 | 10.18 |
| 2026-02-10 | 10.19 |
| 2026-02-09 | 10.49 |
| 2026-02-06 | 10.46 |
| 2026-02-05 | 10.44 |
| 2026-02-04 | 10.58 |
| 2026-02-03 | 10.70 |
| 2026-02-02 | 10.84 |
| 2026-01-30 | 10.92 |
| 2026-01-29 | 11.06 |
| 2026-01-28 | 10.96 |
| 2026-01-27 | 11.01 |
| 2026-01-26 | 10.96 |
| 2026-01-23 | 10.89 |
| 2026-01-22 | 11.05 |
| 2026-01-21 | 10.78 |
| 2026-01-20 | 10.57 |
| 2026-01-16 | 10.39 |
| 2026-01-15 | 10.35 |
| 2026-01-14 | 10.42 |
| 2026-01-13 | 10.50 |
| 2026-01-12 | 10.61 |
| 2026-01-09 | 10.07 |
| 2026-01-08 | 10.23 |
| 2026-01-07 | 10.48 |
| 2026-01-06 | 10.44 |
| 2026-01-05 | 10.11 |
| 2026-01-02 | 9.94 |
| 2025-12-31 | 9.92 |
| 2025-12-30 | 10.02 |
| 2025-12-29 | 10.08 |
| 2025-12-26 | 10.10 |
| 2025-12-24 | 10.08 |
| 2025-12-23 | 9.99 |
| 2025-12-22 | 10.08 |
| 2025-12-19 | 9.87 |
| 2025-12-18 | 9.85 |
| 2025-12-17 | 9.83 |
| 2025-12-16 | 9.92 |
| 2025-12-15 | 9.82 |
| 2025-12-12 | 10.01 |
| 2025-12-11 | 10.30 |
| 2025-12-10 | 10.10 |
| 2025-12-09 | 9.91 |
| 2025-12-08 | 9.81 |
| 2025-12-05 | 9.79 |
| 2025-12-04 | 9.75 |
| 2025-12-03 | 9.69 |
| 2025-12-02 | 9.63 |
| 2025-12-01 | 9.49 |
| 2025-11-28 | 9.49 |
| 2025-11-26 | 9.34 |
| 2025-11-25 | 9.22 |
| 2025-11-24 | 9.30 |
| 2025-11-21 | 9.00 |
| 2025-11-20 | 8.73 |
| 2025-11-19 | 8.93 |
| 2025-11-18 | 8.99 |
| 2025-11-17 | 8.74 |
| 2025-11-14 | 8.68 |
| 2025-11-13 | 8.92 |
| 2025-11-12 | 8.91 |
| 2025-11-11 | 8.69 |
| 2025-11-10 | 8.20 |
| 2025-11-07 | 8.22 |
| 2025-11-06 | 8.67 |
| 2025-11-05 | 8.86 |
| 2025-11-04 | 9.14 |
| 2025-11-03 | 9.03 |
| 2025-10-31 | 8.70 |
| 2025-10-30 | 10.82 |
| 2025-10-29 | 10.82 |
| 2025-10-28 | 10.98 |
| 2025-10-27 | 11.20 |
| 2025-10-24 | 11.16 |
| 2025-10-23 | 11.27 |
| 2025-10-22 | 11.22 |
| 2025-10-21 | 11.07 |
| 2025-10-20 | 10.86 |
| 2025-10-17 | 10.57 |
| 2025-10-16 | 10.52 |
| 2025-10-15 | 10.38 |
| 2025-10-14 | 10.50 |
| 2025-10-13 | 10.34 |
| 2025-10-10 | 10.33 |
| 2025-10-09 | 10.80 |
| 2025-10-08 | 10.75 |
| 2025-10-07 | 10.48 |
| 2025-10-06 | 10.53 |
| 2025-10-03 | 10.64 |
| 2025-10-02 | 10.54 |
| 2025-10-01 | 10.48 |
| 2025-09-30 | 10.67 |
| 2025-09-29 | 10.54 |
| 2025-09-26 | 10.64 |
| 2025-09-25 | 10.84 |
| 2025-09-24 | 10.71 |
| 2025-09-23 | 10.82 |
| 2025-09-22 | 11.03 |
| 2025-09-19 | 10.70 |
| 2025-09-18 | 12.02 |
| 2025-09-17 | 12.13 |
| 2025-09-16 | 12.14 |
| 2025-09-15 | 11.99 |
| 2025-09-12 | 12.09 |
| 2025-09-11 | 12.06 |
| 2025-09-10 | 12.06 |
| 2025-09-09 | 12.44 |
| 2025-09-08 | 12.37 |
| 2025-09-05 | 12.77 |
| 2025-09-04 | 12.81 |
| 2025-09-03 | 12.52 |
| 2025-09-02 | 11.79 |
| 2025-08-29 | 11.95 |
| 2025-08-28 | 11.91 |
Showing the most recent 260 of 4,657 data points. The chart above shows the full history.