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 29.65 is 29% below its 5-year average of 41.56, near the low end of its 5-year range (25.31–67.05).
As of Tuesday, September 8, 2026. 15.38% below its 12-month average of 35.04.
PB RATIO
29.65
PB RATIO AVG TTM
35.04
PB RATIO AVG 3Y
47.12
PB RATIO AVG 5Y
41.56
PB RATIO AVG 10Y
31.84
PB RATIO AVG 15Y
22.66
PB RATIO AVG 20Y
18.00
CURRENT VS TTM AVG
-15.38%
CURRENT VS 3Y AVG
-37.07%
CURRENT VS 5Y AVG
-28.66%
CURRENT VS 10Y AVG
-6.88%
CURRENT VS 15Y AVG
+30.85%
CURRENT VS 20Y AVG
+64.69%
SECTOR MEDIAN · HEALTHCARE
4.16
median of 85 covered companies
CURRENT VS SECTOR MEDIAN
+612.74%
vs the sector median at left
Market Cap
$354.70B
PB Ratio
3.69
TTM Avg
3.32
3Y Avg
4.49
5Y Avg
5.22
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Eli Lilly and Company (LLY) | $1.06T | 29.65 | 35.04 | 47.12 | 41.56 |
| Johnson & Johnson (JNJ)vs › | $647.80B | 7.73 | 6.79 | 5.82 | 5.92 |
| AbbVie Inc. (ABBV)vs › | $441.18B | N/A | 106.06 | 50.11 | 36.00 |
| Merck & Co., Inc. (MRK)vs › | $364.36B | 8.75 | 5.73 | 6.11 | 6.00 |
| UnitedHealth Group Incorporated (UNH)vs › | $354.70B | 3.69 | 3.32 | 4.49 | 5.22 |
| Roche Holding AG (RHHBY)vs › | $342.57B | 8.83 | 8.12 | 7.44 | 8.29 |
| AstraZeneca PLC (AZN)vs › | $245.15B | 4.97 | 5.96 | 5.73 | 5.66 |
| Thermo Fisher Scientific Inc. (TMO)vs › | $225.75B | 4.25 | 3.89 | 4.14 | 4.64 |
| Amgen Inc. (AMGN)vs › | $212.27B | 18.30 | 20.58 | 23.54 | 32.15 |
| Novo Nordisk A/S (NVO)vs › | $199.51B | 5.94 | 7.36 | 60.57 | 93.70 |
At 29.65, P/B is above its 20-year median — higher than 66% of readings in its 20-year history.
20-year low
2.26
median
6.04
20-year high
67.05
P/B Ratio
29.65
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 | 29.65 |
| 2026-09-04 | 30.32 |
| 2026-09-03 | 30.59 |
| 2026-09-02 | 30.60 |
| 2026-09-01 | 30.60 |
| 2026-08-31 | 30.51 |
| 2026-08-28 | 30.99 |
| 2026-08-27 | 31.02 |
| 2026-08-26 | 31.38 |
| 2026-08-25 | 32.54 |
| 2026-08-24 | 32.89 |
| 2026-08-21 | 33.12 |
| 2026-08-20 | 32.83 |
| 2026-08-19 | 33.77 |
| 2026-08-18 | 32.33 |
| 2026-08-17 | 31.21 |
| 2026-08-14 | 31.13 |
| 2026-08-13 | 31.89 |
| 2026-08-12 | 32.19 |
| 2026-08-11 | 32.05 |
| 2026-08-10 | 32.50 |
| 2026-08-07 | 31.28 |
| 2026-08-06 | 31.44 |
| 2026-08-05 | 30.86 |
| 2026-08-04 | 32.04 |
| 2026-08-03 | 32.20 |
| 2026-07-31 | 32.99 |
| 2026-07-30 | 33.17 |
| 2026-07-29 | 34.75 |
| 2026-07-28 | 35.05 |
| 2026-07-27 | 34.39 |
| 2026-07-24 | 34.35 |
| 2026-07-23 | 34.05 |
| 2026-07-22 | 33.40 |
| 2026-07-21 | 33.75 |
| 2026-07-20 | 32.94 |
| 2026-07-17 | 33.86 |
| 2026-07-16 | 33.57 |
| 2026-07-15 | 33.21 |
| 2026-07-14 | 33.10 |
| 2026-07-13 | 33.94 |
| 2026-07-10 | 34.13 |
| 2026-07-09 | 34.95 |
| 2026-07-08 | 34.91 |
| 2026-07-07 | 35.48 |
| 2026-07-06 | 34.46 |
| 2026-07-02 | 34.86 |
| 2026-07-01 | 34.22 |
| 2026-06-30 | 34.44 |
| 2026-06-29 | 35.32 |
| 2026-06-26 | 34.69 |
| 2026-06-25 | 32.38 |
| 2026-06-24 | 32.08 |
| 2026-06-23 | 31.79 |
| 2026-06-22 | 31.65 |
| 2026-06-18 | 31.55 |
| 2026-06-17 | 31.93 |
| 2026-06-16 | 32.23 |
| 2026-06-15 | 32.43 |
| 2026-06-12 | 32.54 |
| 2026-06-11 | 33.34 |
| 2026-06-10 | 32.63 |
| 2026-06-09 | 32.87 |
| 2026-06-08 | 33.00 |
| 2026-06-05 | 32.49 |
| 2026-06-04 | 32.31 |
| 2026-06-03 | 30.98 |
| 2026-06-02 | 30.56 |
| 2026-06-01 | 31.08 |
| 2026-05-29 | 31.73 |
| 2026-05-28 | 32.36 |
| 2026-05-27 | 31.10 |
| 2026-05-26 | 30.58 |
| 2026-05-22 | 30.58 |
| 2026-05-21 | 29.91 |
| 2026-05-20 | 29.26 |
| 2026-05-19 | 29.33 |
| 2026-05-18 | 28.37 |
| 2026-05-15 | 28.86 |
| 2026-05-14 | 28.91 |
| 2026-05-13 | 29.17 |
| 2026-05-12 | 28.43 |
| 2026-05-11 | 27.77 |
| 2026-05-08 | 27.24 |
| 2026-05-07 | 28.00 |
| 2026-05-06 | 28.34 |
| 2026-05-05 | 28.40 |
| 2026-05-04 | 27.80 |
| 2026-05-01 | 27.66 |
| 2026-04-30 | 26.84 |
| 2026-04-29 | 28.81 |
| 2026-04-28 | 29.58 |
| 2026-04-27 | 29.38 |
| 2026-04-24 | 29.92 |
| 2026-04-23 | 31.06 |
| 2026-04-22 | 31.18 |
| 2026-04-21 | 30.56 |
| 2026-04-20 | 31.13 |
| 2026-04-17 | 31.37 |
| 2026-04-16 | 30.59 |
| 2026-04-15 | 30.63 |
| 2026-04-14 | 31.22 |
| 2026-04-13 | 31.46 |
| 2026-04-10 | 31.79 |
| 2026-04-09 | 32.33 |
| 2026-04-08 | 32.26 |
| 2026-04-07 | 31.51 |
| 2026-04-06 | 31.37 |
| 2026-04-02 | 31.66 |
| 2026-04-01 | 32.30 |
| 2026-03-31 | 31.13 |
| 2026-03-30 | 30.01 |
| 2026-03-27 | 29.72 |
| 2026-03-26 | 30.36 |
| 2026-03-25 | 31.01 |
| 2026-03-24 | 30.56 |
| 2026-03-23 | 30.81 |
| 2026-03-20 | 30.68 |
| 2026-03-19 | 31.05 |
| 2026-03-18 | 31.07 |
| 2026-03-17 | 31.49 |
| 2026-03-16 | 33.47 |
| 2026-03-13 | 33.34 |
| 2026-03-12 | 33.07 |
| 2026-03-11 | 33.84 |
| 2026-03-10 | 33.89 |
| 2026-03-09 | 34.13 |
| 2026-03-06 | 33.51 |
| 2026-03-05 | 33.28 |
| 2026-03-04 | 33.96 |
| 2026-03-03 | 34.10 |
| 2026-03-02 | 34.45 |
| 2026-02-27 | 35.60 |
| 2026-02-26 | 34.59 |
| 2026-02-25 | 34.82 |
| 2026-02-24 | 35.27 |
| 2026-02-23 | 35.82 |
| 2026-02-20 | 34.16 |
| 2026-02-19 | 34.63 |
| 2026-02-18 | 34.54 |
| 2026-02-17 | 35.06 |
| 2026-02-13 | 35.20 |
| 2026-02-12 | 35.14 |
| 2026-02-11 | 38.35 |
| 2026-02-10 | 38.70 |
| 2026-02-09 | 39.46 |
| 2026-02-06 | 39.97 |
| 2026-02-05 | 38.56 |
| 2026-02-04 | 41.82 |
| 2026-02-03 | 37.91 |
| 2026-02-02 | 39.44 |
| 2026-01-30 | 39.18 |
| 2026-01-29 | 38.69 |
| 2026-01-28 | 38.67 |
| 2026-01-27 | 39.27 |
| 2026-01-26 | 40.15 |
| 2026-01-23 | 40.20 |
| 2026-01-22 | 41.08 |
| 2026-01-21 | 40.74 |
| 2026-01-20 | 39.34 |
| 2026-01-16 | 39.23 |
| 2026-01-15 | 39.02 |
| 2026-01-14 | 40.54 |
| 2026-01-13 | 40.69 |
| 2026-01-12 | 40.84 |
| 2026-01-09 | 40.18 |
| 2026-01-08 | 40.99 |
| 2026-01-07 | 41.86 |
| 2026-01-06 | 40.19 |
| 2026-01-05 | 39.34 |
| 2026-01-02 | 40.81 |
| 2025-12-31 | 40.60 |
| 2025-12-30 | 40.79 |
| 2025-12-29 | 40.78 |
| 2025-12-26 | 40.71 |
| 2025-12-24 | 40.68 |
| 2025-12-23 | 40.48 |
| 2025-12-22 | 40.66 |
| 2025-12-19 | 40.47 |
| 2025-12-18 | 39.92 |
| 2025-12-17 | 39.35 |
| 2025-12-16 | 39.83 |
| 2025-12-15 | 40.12 |
| 2025-12-12 | 38.81 |
| 2025-12-11 | 38.13 |
| 2025-12-10 | 37.54 |
| 2025-12-09 | 37.10 |
| 2025-12-08 | 37.68 |
| 2025-12-05 | 38.16 |
| 2025-12-04 | 38.32 |
| 2025-12-03 | 39.04 |
| 2025-12-02 | 39.52 |
| 2025-12-01 | 39.96 |
| 2025-11-28 | 40.63 |
| 2025-11-26 | 41.72 |
| 2025-11-25 | 41.93 |
| 2025-11-24 | 40.43 |
| 2025-11-21 | 40.03 |
| 2025-11-20 | 39.41 |
| 2025-11-19 | 39.65 |
| 2025-11-18 | 38.91 |
| 2025-11-17 | 38.60 |
| 2025-11-14 | 38.73 |
| 2025-11-13 | 38.64 |
| 2025-11-12 | 38.45 |
| 2025-11-11 | 37.35 |
| 2025-11-10 | 36.52 |
| 2025-11-07 | 34.92 |
| 2025-11-06 | 35.41 |
| 2025-11-05 | 34.97 |
| 2025-11-04 | 34.26 |
| 2025-11-03 | 33.87 |
| 2025-10-31 | 32.59 |
| 2025-10-30 | 31.90 |
| 2025-10-29 | 40.06 |
| 2025-10-28 | 40.38 |
| 2025-10-27 | 40.69 |
| 2025-10-24 | 40.65 |
| 2025-10-23 | 40.43 |
| 2025-10-22 | 40.01 |
| 2025-10-21 | 39.37 |
| 2025-10-20 | 39.83 |
| 2025-10-17 | 39.53 |
| 2025-10-16 | 40.35 |
| 2025-10-15 | 40.70 |
| 2025-10-14 | 40.00 |
| 2025-10-13 | 40.35 |
| 2025-10-10 | 41.04 |
| 2025-10-09 | 42.12 |
| 2025-10-08 | 41.64 |
| 2025-10-07 | 41.54 |
| 2025-10-06 | 41.61 |
| 2025-10-03 | 41.36 |
| 2025-10-02 | 40.37 |
| 2025-10-01 | 40.65 |
| 2025-09-30 | 37.57 |
| 2025-09-29 | 35.77 |
| 2025-09-26 | 35.68 |
| 2025-09-25 | 35.19 |
| 2025-09-24 | 36.53 |
| 2025-09-23 | 36.78 |
| 2025-09-22 | 37.18 |
| 2025-09-19 | 37.03 |
| 2025-09-18 | 37.57 |
| 2025-09-17 | 37.43 |
| 2025-09-16 | 37.66 |
| 2025-09-15 | 36.84 |
| 2025-09-12 | 37.20 |
| 2025-09-11 | 37.24 |
| 2025-09-10 | 37.16 |
| 2025-09-09 | 36.96 |
| 2025-09-08 | 36.37 |
| 2025-09-05 | 35.81 |
| 2025-09-04 | 36.58 |
| 2025-09-03 | 36.33 |
| 2025-09-02 | 36.20 |
| 2025-08-29 | 36.07 |
| 2025-08-28 | 36.04 |
| 2025-08-27 | 36.15 |
| 2025-08-26 | 36.24 |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.