What is the P/B ratio for Labcorp Holdings Inc. (LH)?

The P/B ratio for LH stock is 2.97.

What is the estimated TTM average P/B ratio for Labcorp Holdings Inc. (LH)?

The estimated TTM average P/B ratio for LH stock is 2.63.

What is the estimated 3Y average P/B ratio for Labcorp Holdings Inc. (LH)?

The estimated 3Y average P/B ratio for LH stock is 2.45.

What is the estimated 5Y average P/B ratio for Labcorp Holdings Inc. (LH)?

The estimated 5Y average P/B ratio for LH stock is 2.26.

What is the estimated 10Y average P/B ratio for Labcorp Holdings Inc. (LH)?

The estimated 10Y average P/B ratio for LH stock is 2.20.

What is the estimated 15Y average P/B ratio for Labcorp Holdings Inc. (LH)?

The estimated 15Y average P/B ratio for LH stock is 2.38.

What is the estimated 20Y average P/B ratio for Labcorp Holdings Inc. (LH)?

The estimated 20Y average P/B ratio for LH stock is 2.66.

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Labcorp Holdings Inc.(LH)

Medical - Diagnostics & Research · Burlington, NC

$311.54+4.58 (+1.49%)

Delayed quote: Sep 11, 2026, 4:00 PM EDT

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PB Ratio: 2.97

Name: Labcorp Holdings Inc. (LH) PB Ratio — historical time series
Creator: TGMCharts

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 2.97 is 31% above its estimated 5-year average of 2.26, near the high end of its estimated 5-year range (1.56–3.23).

As of 2026-09-12T00:15:46.919Z. 13.02% above its estimated 12-month average of 2.63.

Stored calculation inputs

Calculation as of: 2026-09-12T00:15:46.919Z.

Quote observation: 2026-09-11T20:00:02.000Z. Amounts in USD. The price header may show a later quote.

Quote market capitalization: 25,546,280,000
Stockholders equity · period ending 2026-06-30: 8,606,800,000

FMP input reference: 21d4530f46c27a330a27e13acc83cdd67f4baeb56c07e52c66d3cc6e0046e444

P/E Ratio|ROE|Debt to Equity|All Metrics

PB Ratio

LH PB Ratio Chart

2.97

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.

LH PB Ratio

LH Average PB Ratio Chart

LH PB Ratio

LH Current vs Average PB Ratio Chart

LH PB Ratio Metrics

PB RATIO

2.97

PB RATIO AVG TTM

2.63

PB RATIO AVG 3Y

2.45

PB RATIO AVG 5Y

2.26

PB RATIO AVG 10Y

2.20

PB RATIO AVG 15Y

2.38

PB RATIO AVG 20Y

2.66

CURRENT VS TTM AVG

+13.02%

CURRENT VS 3Y AVG

+21.10%

CURRENT VS 5Y AVG

+31.14%

CURRENT VS 10Y AVG

+34.95%

CURRENT VS 15Y AVG

+25.04%

CURRENT VS 20Y AVG

+11.58%

SECTOR MEDIAN · HEALTHCARE

4.14

median of 84 covered companies

CURRENT VS SECTOR MEDIAN

-28.35%

vs the sector median at left

LH Competitors' PB Ratio

Labcorp Holdings Inc.

Current

Market Cap

$25.55B

PB Ratio

2.97

TTM Avg

2.63

3Y Avg

2.45

5Y Avg

2.26

DGX

Quest Diagnostics Incorporated

vs LH

Market Cap

$25.94B

PB Ratio

3.45

TTM Avg

3.05

3Y Avg

2.72

5Y Avg

2.71

MTD

Mettler-Toledo International Inc.

vs LH

Market Cap

$26.14B

PB Ratio

2038.44

TTM Avg

2195.57

3Y Avg

2195.57

5Y Avg

1216.57

INCY

Incyte Corporation

vs LH

Market Cap

$24.62B

PB Ratio

3.88

TTM Avg

4.09

3Y Avg

3.67

5Y Avg

3.87

WST

West Pharmaceutical Services, Inc.

vs LH

Market Cap

$24.37B

PB Ratio

8.15

TTM Avg

6.91

3Y Avg

7.84

5Y Avg

9.04

BNTX

BioNTech SE

vs LH

Market Cap

$24.30B

PB Ratio

1.20

TTM Avg

1.12

3Y Avg

1.15

5Y Avg

1.83

MDLN

Medline Inc.

vs LH

Market Cap

$27.51B

PB Ratio

2.38

TTM Avg

3.04

3Y Avg

3.04

5Y Avg

3.04

GEHC

GE HealthCare Technologies Inc.

vs LH

Market Cap

$28.88B

PB Ratio

2.63

TTM Avg

3.25

3Y Avg

4.14

5Y Avg

4.14

UTHR

United Therapeutics Corporation

vs LH

Market Cap

$21.10B

PB Ratio

3.30

TTM Avg

3.66

3Y Avg

2.83

5Y Avg

2.67

WAT

Waters Corporation

vs LH

Market Cap

$30.54B

PB Ratio

2.01

TTM Avg

6.59

3Y Avg

12.12

5Y Avg

27.70

NAME	MARKET CAP	PB RATIO	TTM	3Y	5Y
Labcorp Holdings Inc. (LH)	$25.55B	2.97	2.63	2.45	2.26
Quest Diagnostics Incorporated (DGX)vs ›	$25.94B	3.45	3.05	2.72	2.71
Mettler-Toledo International Inc. (MTD)vs ›	$26.14B	2038.44	2195.57	2195.57	1216.57
Incyte Corporation (INCY)vs ›	$24.62B	3.88	4.09	3.67	3.87
West Pharmaceutical Services, Inc. (WST)vs ›	$24.37B	8.15	6.91	7.84	9.04
BioNTech SE (BNTX)vs ›	$24.30B	1.20	1.12	1.15	1.83
Medline Inc. (MDLN)vs ›	$27.51B	2.38	3.04	3.04	3.04
GE HealthCare Technologies Inc. (GEHC)vs ›	$28.88B	2.63	3.25	4.14	4.14
United Therapeutics Corporation (UTHR)vs ›	$21.10B	3.30	3.66	2.83	2.67
Waters Corporation (WAT)vs ›	$30.54B	2.01	6.59	12.12	27.70

P/B vs. estimated history

At 2.97, P/B is above its estimated 20-year median — higher than 68% of readings in its estimated 20-year history.

estimated 20-year low

1.16

median

2.51

estimated 20-year high

4.89

estimated 20-year lowestimated 20-year high

Book Value Analysis

P/B Ratio

2.97

Market Price / Book Value per Share

PB Ratio Formula & Definition

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

PB Ratio FAQ

What is the P/B ratio for Labcorp Holdings Inc. (LH)?: The P/B ratio for LH stock is 2.97.
Is Labcorp Holdings Inc.'s P/B ratio high or low?: The P/B ratio of 2.97 is 31% above its estimated 5-year average of 2.26, near the high end of its estimated 5-year range (1.56–3.23).
What is the estimated TTM average P/B ratio for Labcorp Holdings Inc. (LH)?: The estimated TTM average P/B ratio for LH stock is 2.63.
What is the estimated 3Y average P/B ratio for Labcorp Holdings Inc. (LH)?: The estimated 3Y average P/B ratio for LH stock is 2.45.
What is the estimated 5Y average P/B ratio for Labcorp Holdings Inc. (LH)?: The estimated 5Y average P/B ratio for LH stock is 2.26.
What is the estimated 10Y average P/B ratio for Labcorp Holdings Inc. (LH)?: The estimated 10Y average P/B ratio for LH stock is 2.20.
What is the estimated 15Y average P/B ratio for Labcorp Holdings Inc. (LH)?: The estimated 15Y average P/B ratio for LH stock is 2.38.
What is the estimated 20Y average P/B ratio for Labcorp Holdings Inc. (LH)?: The estimated 20Y average P/B ratio for LH stock is 2.66.

LH PB Ratio History

DATE	PB RATIO
2026-09-10	2.92
2026-09-09	3.06
2026-09-08	3.10
2026-09-04	3.11
2026-09-03	3.16
2026-09-02	3.16
2026-09-01	3.12
2026-08-31	3.17
2026-08-28	3.19
2026-08-27	3.21
2026-08-26	3.20
2026-08-25	3.22
2026-08-24	3.23
2026-08-21	3.20
2026-08-20	3.17
2026-08-19	3.15
2026-08-18	3.07
2026-08-17	3.08
2026-08-14	3.03
2026-08-13	3.07
2026-08-12	3.08
2026-08-11	3.07
2026-08-10	3.06
2026-08-07	3.04
2026-08-06	3.02
2026-08-05	2.98
2026-08-04	2.97
2026-08-03	2.92
2026-07-31	2.94
2026-07-30	3.00
2026-07-29	2.92
2026-07-28	2.98
2026-07-27	2.86
2026-07-24	2.82
2026-07-23	2.76
2026-07-22	2.67
2026-07-21	2.65
2026-07-20	2.67
2026-07-17	2.69
2026-07-16	2.68
2026-07-15	2.58
2026-07-14	2.62
2026-07-13	2.63
2026-07-10	2.63
2026-07-09	2.64
2026-07-08	2.64
2026-07-07	2.70
2026-07-06	2.70
2026-07-02	2.73
2026-07-01	2.70
2026-06-30	2.66
2026-06-29	2.66
2026-06-26	2.58
2026-06-25	2.53
2026-06-24	2.52
2026-06-23	2.46
2026-06-22	2.42
2026-06-18	2.43
2026-06-17	2.47
2026-06-16	2.51
2026-06-15	2.52
2026-06-12	2.53
2026-06-11	2.52
2026-06-10	2.55
2026-06-09	2.58
2026-06-08	2.49
2026-06-05	2.52
2026-06-04	2.48
2026-06-03	2.46
2026-06-02	2.45
2026-06-01	2.44
2026-05-29	2.47
2026-05-28	2.50
2026-05-27	2.45
2026-05-26	2.45
2026-05-22	2.47
2026-05-21	2.43
2026-05-20	2.44
2026-05-19	2.41
2026-05-18	2.43
2026-05-15	2.38
2026-05-14	2.41
2026-05-13	2.42
2026-05-12	2.44
2026-05-11	2.42
2026-05-08	2.41
2026-05-07	2.45
2026-05-06	2.44
2026-05-05	2.44
2026-05-04	2.44
2026-05-01	2.47
2026-04-30	2.48
2026-04-29	2.48
2026-04-28	2.51
2026-04-27	2.54
2026-04-24	2.55
2026-04-23	2.56
2026-04-22	2.63
2026-04-21	2.64
2026-04-20	2.60
2026-04-17	2.61
2026-04-16	2.57
2026-04-15	2.57
2026-04-14	2.60
2026-04-13	2.55
2026-04-10	2.52
2026-04-09	2.64
2026-04-08	2.65
2026-04-07	2.60
2026-04-06	2.65
2026-04-02	2.64
2026-04-01	2.63
2026-03-31	2.58
2026-03-30	2.54
2026-03-27	2.55
2026-03-26	2.59
2026-03-25	2.57
2026-03-24	2.57
2026-03-23	2.55
2026-03-20	2.54
2026-03-19	2.55
2026-03-18	2.57
2026-03-17	2.61
2026-03-16	2.58
2026-03-13	2.55
2026-03-12	2.54
2026-03-11	2.61
2026-03-10	2.59
2026-03-09	2.64
2026-03-06	2.60
2026-03-05	2.66
2026-03-04	2.71
2026-03-03	2.73
2026-03-02	2.77
2026-02-27	2.79
2026-02-26	2.78
2026-02-25	2.73
2026-02-24	2.76
2026-02-23	2.75
2026-02-20	2.72
2026-02-19	2.72
2026-02-18	2.68
2026-02-17	2.66
2026-02-13	2.72
2026-02-12	2.68
2026-02-11	2.79
2026-02-10	2.74
2026-02-09	2.64
2026-02-06	2.67
2026-02-05	2.68
2026-02-04	2.66
2026-02-03	2.62
2026-02-02	2.60
2026-01-30	2.61
2026-01-29	2.60
2026-01-28	2.58
2026-01-27	2.61
2026-01-26	2.57
2026-01-23	2.57
2026-01-22	2.60
2026-01-21	2.59
2026-01-20	2.61
2026-01-16	2.61
2026-01-15	2.59
2026-01-14	2.52
2026-01-13	2.44
2026-01-12	2.41
2026-01-09	2.42
2026-01-08	2.45
2026-01-07	2.44
2026-01-06	2.51
2026-01-05	2.44
2026-01-02	2.42
2025-12-31	2.41
2025-12-30	2.44
2025-12-29	2.43
2025-12-26	2.44
2025-12-24	2.45
2025-12-23	2.44
2025-12-22	2.45
2025-12-19	2.43
2025-12-18	2.43
2025-12-17	2.46
2025-12-16	2.48
2025-12-15	2.53
2025-12-12	2.54
2025-12-11	2.55
2025-12-10	2.52
2025-12-09	2.48
2025-12-08	2.50
2025-12-05	2.49
2025-12-04	2.52
2025-12-03	2.56
2025-12-02	2.56
2025-12-01	2.58
2025-11-28	2.59
2025-11-26	2.58
2025-11-25	2.60
2025-11-24	2.55
2025-11-21	2.56
2025-11-20	2.52
2025-11-19	2.51
2025-11-18	2.50
2025-11-17	2.52
2025-11-14	2.57
2025-11-13	2.58
2025-11-12	2.56
2025-11-11	2.58
2025-11-10	2.51
2025-11-07	2.43
2025-11-06	2.37
2025-11-05	2.41
2025-11-04	2.43
2025-11-03	2.48
2025-10-31	2.52
2025-10-30	2.50
2025-10-29	2.46
2025-10-28	2.58
2025-10-27	2.74
2025-10-24	2.77
2025-10-23	2.82
2025-10-22	2.81
2025-10-21	2.82
2025-10-20	2.89
2025-10-17	2.84
2025-10-16	2.82
2025-10-15	2.81
2025-10-14	2.78
2025-10-13	2.75
2025-10-10	2.76
2025-10-09	2.76
2025-10-08	2.75
2025-10-07	2.78
2025-10-06	2.73
2025-10-03	2.75
2025-10-02	2.77
2025-10-01	2.77
2025-09-30	2.85
2025-09-29	2.81
2025-09-26	2.79
2025-09-25	2.74
2025-09-24	2.77
2025-09-23	2.78
2025-09-22	2.77
2025-09-19	2.75
2025-09-18	2.75
2025-09-17	2.74
2025-09-16	2.72
2025-09-15	2.73
2025-09-12	2.76
2025-09-11	2.78
2025-09-10	2.71
2025-09-09	2.76
2025-09-08	2.75
2025-09-05	2.77
2025-09-04	2.73
2025-09-03	2.72
2025-09-02	2.72
2025-08-29	2.76
2025-08-28	2.73

Showing the most recent 260 of 5,031 data points. The chart above shows the full history.

PB Ratio: 2.97

LH PB Ratio Chart

LH Average PB Ratio Chart

LH Current vs Average PB Ratio Chart

LH PB Ratio Metrics

LH Competitors' PB Ratio

P/B vs. estimated history

Book Value Analysis

PB Ratio Formula & Definition

PB Ratio FAQ

LH PB Ratio History

Related Metrics