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 32.26 is 124% above its estimated 5-year average of 14.41, near the high end of its estimated 5-year range (4.30–35.04).
As of 2026-10-02T21:35:47.011Z. 49.40% above its estimated 12-month average of 21.59.
Calculation as of: 2026-10-02T21:35:47.011Z.
Quote observation: 2026-10-02T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 054a65786064a73545931b308e74131b250e2c5f6c2462854f5738f681d07736
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 2026-10-01.
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
32.26
PB RATIO AVG TTM
21.59
PB RATIO AVG 3Y
17.73
PB RATIO AVG 5Y
14.41
PB RATIO AVG 10Y
15.65
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+49.40%
CURRENT VS 3Y AVG
+81.94%
CURRENT VS 5Y AVG
+123.95%
CURRENT VS 10Y AVG
+106.15%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
3.79
median of 92 covered companies
CURRENT VS SECTOR MEDIAN
+750.07%
vs the sector median at left
Market Cap
$49.03B
PB Ratio
4.62
TTM Avg
4.74
3Y Avg
5.41
5Y Avg
7.26
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Natera, Inc. (NTRA) | $58.77B | 32.26 | 21.59 | 17.73 | 14.41 |
| Cencora, Inc. (COR)vs › | $60.13B | 19.71 | 29.40 | 61.07 | 87.50 |
| Boston Scientific Corporation (BSX)vs › | $63.32B | 2.54 | 4.30 | 5.40 | 4.75 |
| Cardinal Health, Inc. (CAH)vs › | $53.47B | N/A | 10.98 | 10.11 | 7.19 |
| Edwards Lifesciences Corporation (EW)vs › | $49.03B | 4.62 | 4.74 | 5.41 | 7.26 |
| Becton, Dickinson and Company (BDX)vs › | $48.72B | 2.00 | 1.82 | 1.93 | 2.07 |
| Agilent Technologies, Inc. (A)vs › | $47.38B | 6.44 | 5.63 | 6.07 | 6.71 |
| Humana Inc. (HUM)vs › | $46.63B | 2.43 | 1.86 | 2.19 | 2.83 |
| Cigna Corporation (CI)vs › | $71.48B | 1.68 | 1.78 | 2.02 | 1.95 |
| Teva Pharmaceutical Industries Limited (TEVA)vs › | $46.04B | 5.94 | 4.78 | 3.43 | 2.50 |
At 32.26, P/B is above its estimated 11-year median — higher than 94% of readings in its estimated 11-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 11-year low
1.44
median
14.91
estimated 11-year high
401.86
P/B Ratio
32.26
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 |
|---|---|
| 2026-10-01 | 32.13 |
| 2026-09-30 | 32.51 |
| 2026-09-29 | 32.61 |
| 2026-09-28 | 32.39 |
| 2026-09-25 | 32.45 |
| 2026-09-24 | 32.16 |
| 2026-09-23 | 30.74 |
| 2026-09-22 | 30.75 |
| 2026-09-21 | 29.15 |
| 2026-09-18 | 29.06 |
| 2026-09-17 | 28.81 |
| 2026-09-16 | 27.16 |
| 2026-09-15 | 27.59 |
| 2026-09-14 | 26.89 |
| 2026-09-11 | 25.87 |
| 2026-09-10 | 25.65 |
| 2026-09-09 | 25.98 |
| 2026-09-08 | 25.50 |
| 2026-09-04 | 25.81 |
| 2026-09-03 | 25.77 |
| 2026-09-02 | 25.58 |
| 2026-09-01 | 25.23 |
| 2026-08-31 | 25.33 |
| 2026-08-28 | 25.66 |
| 2026-08-27 | 26.64 |
| 2026-08-26 | 26.62 |
| 2026-08-25 | 26.49 |
| 2026-08-24 | 25.78 |
| 2026-08-21 | 26.12 |
| 2026-08-20 | 25.55 |
| 2026-08-19 | 25.57 |
| 2026-08-18 | 24.52 |
| 2026-08-17 | 24.71 |
| 2026-08-14 | 24.38 |
| 2026-08-13 | 24.45 |
| 2026-08-12 | 24.85 |
| 2026-08-11 | 24.60 |
| 2026-08-10 | 25.04 |
| 2026-08-07 | 25.34 |
| 2026-08-06 | 21.17 |
| 2026-08-05 | 21.90 |
| 2026-08-04 | 21.95 |
| 2026-08-03 | 21.56 |
| 2026-07-31 | 21.36 |
| 2026-07-30 | 21.51 |
| 2026-07-29 | 20.25 |
| 2026-07-28 | 20.12 |
| 2026-07-27 | 20.58 |
| 2026-07-24 | 20.90 |
| 2026-07-23 | 21.11 |
| 2026-07-22 | 21.08 |
| 2026-07-21 | 21.31 |
| 2026-07-20 | 20.95 |
| 2026-07-17 | 21.65 |
| 2026-07-16 | 21.52 |
| 2026-07-15 | 22.12 |
| 2026-07-14 | 21.75 |
| 2026-07-13 | 21.77 |
| 2026-07-10 | 21.53 |
| 2026-07-09 | 22.48 |
| 2026-07-08 | 21.89 |
| 2026-07-07 | 22.44 |
| 2026-07-06 | 22.64 |
| 2026-07-02 | 22.28 |
| 2026-07-01 | 22.04 |
| 2026-06-30 | 21.65 |
| 2026-06-29 | 21.72 |
| 2026-06-26 | 20.89 |
| 2026-06-25 | 20.80 |
| 2026-06-24 | 20.74 |
| 2026-06-23 | 18.73 |
| 2026-06-22 | 18.25 |
| 2026-06-18 | 18.46 |
| 2026-06-17 | 18.06 |
| 2026-06-16 | 17.56 |
| 2026-06-15 | 17.31 |
| 2026-06-12 | 16.92 |
| 2026-06-11 | 17.49 |
| 2026-06-10 | 17.27 |
| 2026-06-09 | 17.77 |
| 2026-06-08 | 17.03 |
| 2026-06-05 | 17.17 |
| 2026-06-04 | 17.72 |
| 2026-06-03 | 16.90 |
| 2026-06-02 | 16.97 |
| 2026-06-01 | 17.45 |
| 2026-05-29 | 17.82 |
| 2026-05-28 | 17.06 |
| 2026-05-27 | 16.20 |
| 2026-05-26 | 16.03 |
| 2026-05-22 | 16.21 |
| 2026-05-21 | 16.25 |
| 2026-05-20 | 16.35 |
| 2026-05-19 | 15.64 |
| 2026-05-18 | 15.36 |
| 2026-05-15 | 14.86 |
| 2026-05-14 | 15.71 |
| 2026-05-13 | 15.58 |
| 2026-05-12 | 16.29 |
| 2026-05-11 | 15.88 |
| 2026-05-08 | 15.49 |
| 2026-05-07 | 17.55 |
| 2026-05-06 | 17.17 |
| 2026-05-05 | 16.51 |
| 2026-05-04 | 16.89 |
| 2026-05-01 | 16.55 |
| 2026-04-30 | 16.46 |
| 2026-04-29 | 15.55 |
| 2026-04-28 | 15.98 |
| 2026-04-27 | 16.32 |
| 2026-04-24 | 16.27 |
| 2026-04-23 | 16.06 |
| 2026-04-22 | 16.59 |
| 2026-04-21 | 16.40 |
| 2026-04-20 | 16.59 |
| 2026-04-17 | 16.64 |
| 2026-04-16 | 15.66 |
| 2026-04-15 | 16.54 |
| 2026-04-14 | 17.14 |
| 2026-04-13 | 16.12 |
| 2026-04-10 | 15.41 |
| 2026-04-09 | 16.21 |
| 2026-04-08 | 16.83 |
| 2026-04-07 | 16.71 |
| 2026-04-06 | 16.36 |
| 2026-04-02 | 16.61 |
| 2026-04-01 | 16.22 |
| 2026-03-31 | 15.97 |
| 2026-03-30 | 14.92 |
| 2026-03-27 | 14.58 |
| 2026-03-26 | 15.66 |
| 2026-03-25 | 15.76 |
| 2026-03-24 | 15.53 |
| 2026-03-23 | 15.98 |
| 2026-03-20 | 15.59 |
| 2026-03-19 | 16.19 |
| 2026-03-18 | 15.79 |
| 2026-03-17 | 15.84 |
| 2026-03-16 | 15.78 |
| 2026-03-13 | 15.00 |
| 2026-03-12 | 15.19 |
| 2026-03-11 | 15.70 |
| 2026-03-10 | 15.88 |
| 2026-03-09 | 16.38 |
| 2026-03-06 | 15.82 |
| 2026-03-05 | 15.74 |
| 2026-03-04 | 16.21 |
| 2026-03-03 | 16.53 |
| 2026-03-02 | 15.98 |
| 2026-02-27 | 16.61 |
| 2026-02-26 | 23.68 |
| 2026-02-25 | 23.21 |
| 2026-02-24 | 22.96 |
| 2026-02-23 | 22.94 |
| 2026-02-20 | 23.24 |
| 2026-02-19 | 23.70 |
| 2026-02-18 | 23.61 |
| 2026-02-17 | 23.14 |
| 2026-02-13 | 22.59 |
| 2026-02-12 | 22.77 |
| 2026-02-11 | 23.28 |
| 2026-02-10 | 23.19 |
| 2026-02-09 | 23.07 |
| 2026-02-06 | 22.24 |
| 2026-02-05 | 21.59 |
| 2026-02-04 | 22.53 |
| 2026-02-03 | 24.94 |
| 2026-02-02 | 25.32 |
| 2026-01-30 | 25.32 |
| 2026-01-29 | 25.36 |
| 2026-01-28 | 25.85 |
| 2026-01-27 | 26.33 |
| 2026-01-26 | 26.45 |
| 2026-01-23 | 26.47 |
| 2026-01-22 | 26.61 |
| 2026-01-21 | 26.60 |
| 2026-01-20 | 25.73 |
| 2026-01-16 | 25.34 |
| 2026-01-15 | 26.33 |
| 2026-01-14 | 26.21 |
| 2026-01-13 | 26.06 |
| 2026-01-12 | 25.80 |
| 2026-01-09 | 25.67 |
| 2026-01-08 | 26.25 |
| 2026-01-07 | 27.87 |
| 2026-01-06 | 27.25 |
| 2026-01-05 | 26.01 |
| 2026-01-02 | 25.07 |
| 2025-12-31 | 25.10 |
| 2025-12-30 | 25.20 |
| 2025-12-29 | 25.34 |
| 2025-12-26 | 25.61 |
| 2025-12-24 | 25.81 |
| 2025-12-23 | 25.79 |
| 2025-12-22 | 25.81 |
| 2025-12-19 | 25.41 |
| 2025-12-18 | 24.62 |
| 2025-12-17 | 24.70 |
| 2025-12-16 | 24.91 |
| 2025-12-15 | 25.02 |
| 2025-12-12 | 25.41 |
| 2025-12-11 | 25.31 |
| 2025-12-10 | 25.54 |
| 2025-12-09 | 25.80 |
| 2025-12-08 | 26.20 |
| 2025-12-05 | 26.79 |
| 2025-12-04 | 26.52 |
| 2025-12-03 | 26.10 |
| 2025-12-02 | 25.93 |
| 2025-12-01 | 25.66 |
| 2025-11-28 | 26.16 |
| 2025-11-26 | 25.98 |
| 2025-11-25 | 25.91 |
| 2025-11-24 | 26.14 |
| 2025-11-21 | 25.27 |
| 2025-11-20 | 24.71 |
| 2025-11-19 | 23.92 |
| 2025-11-18 | 23.41 |
| 2025-11-17 | 22.57 |
| 2025-11-14 | 22.38 |
| 2025-11-13 | 21.98 |
| 2025-11-12 | 22.95 |
| 2025-11-11 | 22.65 |
| 2025-11-10 | 22.64 |
| 2025-11-07 | 21.86 |
| 2025-11-06 | 21.72 |
| 2025-11-05 | 21.88 |
| 2025-11-04 | 21.50 |
| 2025-11-03 | 21.70 |
| 2025-10-31 | 21.77 |
| 2025-10-30 | 21.15 |
| 2025-10-29 | 21.10 |
| 2025-10-28 | 20.75 |
| 2025-10-27 | 21.04 |
| 2025-10-24 | 21.07 |
| 2025-10-23 | 21.34 |
| 2025-10-22 | 20.58 |
| 2025-10-21 | 20.45 |
| 2025-10-20 | 20.64 |
| 2025-10-17 | 19.89 |
| 2025-10-16 | 19.76 |
| 2025-10-15 | 19.64 |
| 2025-10-14 | 18.91 |
| 2025-10-13 | 19.06 |
| 2025-10-10 | 18.53 |
| 2025-10-09 | 18.94 |
| 2025-10-08 | 18.83 |
| 2025-10-07 | 18.44 |
| 2025-10-06 | 18.65 |
| 2025-10-03 | 18.32 |
| 2025-10-02 | 17.53 |
| 2025-10-01 | 17.69 |
| 2025-09-30 | 17.62 |
| 2025-09-29 | 17.85 |
| 2025-09-26 | 17.84 |
| 2025-09-25 | 17.91 |
| 2025-09-24 | 17.94 |
| 2025-09-23 | 18.92 |
| 2025-09-22 | 19.61 |
| 2025-09-19 | 19.82 |
Showing the most recent 260 of 2,638 data points. The chart above shows the full history.