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 34.54 is 212% above its estimated 5-year average of 11.07, near the high end of its estimated 5-year range (1.60–46.28).
As of 2026-10-06T19:13:14.032Z. 68.43% above its estimated 12-month average of 20.51.
Calculation as of: 2026-10-06T19:13:14.032Z.
Quote observation: 2026-10-06T19:10:13.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 1f0f34e1a3c3db59aa089d09e3018975893bb9567e33ddb8ff6924431e0b2b95
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
34.54
PB RATIO AVG TTM
20.51
PB RATIO AVG 3Y
14.81
PB RATIO AVG 5Y
11.07
PB RATIO AVG 10Y
9.92
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+68.43%
CURRENT VS 3Y AVG
+133.29%
CURRENT VS 5Y AVG
+211.93%
CURRENT VS 10Y AVG
+248.07%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
2.39
median of 761 covered companies
CURRENT VS SECTOR MEDIAN
+1345.19%
vs the sector median at left
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Pulse Biosciences, Inc. (PLSE) | $3.44B | 34.54 | 20.51 | 14.81 | 11.07 |
| IDEAYA Biosciences, Inc. (IDYA)vs › | $3.46B | 2.89 | 2.88 | 2.93 | 2.66 |
| Acadia Pharmaceuticals Inc. (ACAD)vs › | $3.39B | 2.59 | 3.81 | 5.55 | 6.29 |
| Celcuity Inc. (CELC)vs › | $3.48B | N/A | 63.22 | 23.87 | 15.64 |
| Parabilis Medicines, Inc. (PBLS)vs › | $3.34B | 3.18 | N/A | N/A | N/A |
| Xenon Pharmaceuticals Inc. (XENE)vs › | $3.51B | 2.83 | 5.42 | 4.34 | 4.03 |
| CareDx, Inc (CDNA)vs › | $3.34B | 7.84 | 4.07 | 3.37 | 3.09 |
| Veracyte, Inc. (VCYT)vs › | $3.52B | 2.54 | 2.60 | 2.17 | 2.01 |
| Viking Therapeutics, Inc. (VKTX)vs › | $3.32B | 8.12 | 6.81 | 6.62 | 5.49 |
| Tango Therapeutics, Inc. (TNGX)vs › | $3.54B | 3.46 | 7.30 | 4.47 | 3.44 |
At 34.54, P/B is above its estimated 10-year median — higher than 97% of readings in its estimated 10-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 10-year low
1.47
median
9.01
estimated 10-year high
46.28
P/B Ratio
34.54
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 | 35.12 |
| 2026-10-02 | 33.31 |
| 2026-10-01 | 34.66 |
| 2026-09-30 | 34.72 |
| 2026-09-29 | 35.39 |
| 2026-09-28 | 36.39 |
| 2026-09-25 | 35.91 |
| 2026-09-24 | 36.05 |
| 2026-09-23 | 36.15 |
| 2026-09-22 | 36.64 |
| 2026-09-21 | 37.08 |
| 2026-09-18 | 37.47 |
| 2026-09-17 | 35.20 |
| 2026-09-16 | 34.50 |
| 2026-09-15 | 38.39 |
| 2026-09-14 | 37.70 |
| 2026-09-11 | 36.94 |
| 2026-09-10 | 37.85 |
| 2026-09-09 | 36.84 |
| 2026-09-08 | 33.93 |
| 2026-09-04 | 37.03 |
| 2026-09-03 | 38.05 |
| 2026-09-02 | 36.64 |
| 2026-09-01 | 36.23 |
| 2026-08-31 | 35.00 |
| 2026-08-28 | 33.08 |
| 2026-08-27 | 33.77 |
| 2026-08-26 | 33.45 |
| 2026-08-25 | 34.08 |
| 2026-08-24 | 34.17 |
| 2026-08-21 | 35.07 |
| 2026-08-20 | 33.28 |
| 2026-08-19 | 32.70 |
| 2026-08-18 | 31.99 |
| 2026-08-17 | 32.54 |
| 2026-08-14 | 30.98 |
| 2026-08-13 | 31.24 |
| 2026-08-12 | 30.13 |
| 2026-08-11 | 30.88 |
| 2026-08-10 | 28.87 |
| 2026-08-07 | 29.50 |
| 2026-08-06 | 39.10 |
| 2026-08-05 | 38.75 |
| 2026-08-04 | 39.03 |
| 2026-08-03 | 38.58 |
| 2026-07-31 | 35.92 |
| 2026-07-30 | 35.83 |
| 2026-07-29 | 35.02 |
| 2026-07-28 | 36.27 |
| 2026-07-27 | 33.53 |
| 2026-07-24 | 30.91 |
| 2026-07-23 | 31.70 |
| 2026-07-22 | 33.50 |
| 2026-07-21 | 30.94 |
| 2026-07-20 | 29.61 |
| 2026-07-17 | 29.32 |
| 2026-07-16 | 28.00 |
| 2026-07-15 | 26.91 |
| 2026-07-14 | 26.03 |
| 2026-07-13 | 26.47 |
| 2026-07-10 | 26.88 |
| 2026-07-09 | 27.85 |
| 2026-07-08 | 28.74 |
| 2026-07-07 | 28.66 |
| 2026-07-06 | 29.76 |
| 2026-07-02 | 29.87 |
| 2026-07-01 | 28.97 |
| 2026-06-30 | 28.35 |
| 2026-06-29 | 29.90 |
| 2026-06-26 | 29.09 |
| 2026-06-25 | 28.13 |
| 2026-06-24 | 26.18 |
| 2026-06-23 | 26.53 |
| 2026-06-22 | 26.29 |
| 2026-06-18 | 26.18 |
| 2026-06-17 | 26.02 |
| 2026-06-16 | 25.67 |
| 2026-06-15 | 26.51 |
| 2026-06-12 | 24.92 |
| 2026-06-11 | 27.49 |
| 2026-06-10 | 25.55 |
| 2026-06-09 | 26.35 |
| 2026-06-08 | 25.40 |
| 2026-06-05 | 25.90 |
| 2026-06-04 | 27.55 |
| 2026-06-03 | 25.55 |
| 2026-06-02 | 24.83 |
| 2026-06-01 | 25.22 |
| 2026-05-29 | 25.56 |
| 2026-05-28 | 25.30 |
| 2026-05-27 | 25.28 |
| 2026-05-26 | 26.58 |
| 2026-05-22 | 26.47 |
| 2026-05-21 | 26.13 |
| 2026-05-20 | 26.68 |
| 2026-05-19 | 25.51 |
| 2026-05-18 | 26.19 |
| 2026-05-15 | 25.10 |
| 2026-05-14 | 22.64 |
| 2026-05-13 | 20.02 |
| 2026-05-12 | 19.47 |
| 2026-05-11 | 15.94 |
| 2026-05-08 | 15.94 |
| 2026-05-07 | 16.37 |
| 2026-05-06 | 16.05 |
| 2026-05-05 | 15.58 |
| 2026-05-04 | 16.74 |
| 2026-05-01 | 17.41 |
| 2026-04-30 | 17.69 |
| 2026-04-29 | 16.89 |
| 2026-04-28 | 18.24 |
| 2026-04-27 | 18.93 |
| 2026-04-24 | 19.24 |
| 2026-04-23 | 20.26 |
| 2026-04-22 | 20.41 |
| 2026-04-21 | 20.04 |
| 2026-04-20 | 19.83 |
| 2026-04-17 | 19.55 |
| 2026-04-16 | 17.14 |
| 2026-04-15 | 16.42 |
| 2026-04-14 | 16.81 |
| 2026-04-13 | 15.81 |
| 2026-04-10 | 15.60 |
| 2026-04-09 | 16.09 |
| 2026-04-08 | 15.93 |
| 2026-04-07 | 16.68 |
| 2026-04-06 | 19.17 |
| 2026-04-02 | 19.22 |
| 2026-04-01 | 19.24 |
| 2026-03-31 | 18.04 |
| 2026-03-30 | 16.40 |
| 2026-03-27 | 17.19 |
| 2026-03-26 | 17.97 |
| 2026-03-25 | 18.40 |
| 2026-03-24 | 17.79 |
| 2026-03-23 | 17.49 |
| 2026-03-20 | 18.47 |
| 2026-03-19 | 18.72 |
| 2026-03-18 | 18.81 |
| 2026-03-17 | 18.65 |
| 2026-03-16 | 18.24 |
| 2026-03-13 | 18.02 |
| 2026-03-12 | 17.80 |
| 2026-03-11 | 16.72 |
| 2026-03-10 | 16.25 |
| 2026-03-09 | 15.26 |
| 2026-03-06 | 15.16 |
| 2026-03-05 | 15.53 |
| 2026-03-04 | 15.12 |
| 2026-03-03 | 15.00 |
| 2026-03-02 | 15.75 |
| 2026-02-27 | 15.65 |
| 2026-02-26 | 16.12 |
| 2026-02-25 | 16.05 |
| 2026-02-24 | 15.87 |
| 2026-02-23 | 16.87 |
| 2026-02-20 | 17.90 |
| 2026-02-19 | 18.23 |
| 2026-02-18 | 18.51 |
| 2026-02-17 | 17.21 |
| 2026-02-13 | 16.73 |
| 2026-02-12 | 17.01 |
| 2026-02-11 | 18.36 |
| 2026-02-10 | 17.39 |
| 2026-02-09 | 17.60 |
| 2026-02-06 | 15.08 |
| 2026-02-05 | 9.95 |
| 2026-02-04 | 10.98 |
| 2026-02-03 | 10.21 |
| 2026-02-02 | 9.97 |
| 2026-01-30 | 10.05 |
| 2026-01-29 | 9.90 |
| 2026-01-28 | 9.85 |
| 2026-01-27 | 10.41 |
| 2026-01-26 | 10.41 |
| 2026-01-23 | 10.97 |
| 2026-01-22 | 10.58 |
| 2026-01-21 | 10.44 |
| 2026-01-20 | 10.05 |
| 2026-01-16 | 10.36 |
| 2026-01-15 | 10.25 |
| 2026-01-14 | 10.40 |
| 2026-01-13 | 10.29 |
| 2026-01-12 | 10.59 |
| 2026-01-09 | 10.53 |
| 2026-01-08 | 10.70 |
| 2026-01-07 | 11.05 |
| 2026-01-06 | 10.66 |
| 2026-01-05 | 10.61 |
| 2026-01-02 | 9.73 |
| 2025-12-31 | 9.98 |
| 2025-12-30 | 9.96 |
| 2025-12-29 | 10.29 |
| 2025-12-26 | 10.47 |
| 2025-12-24 | 10.80 |
| 2025-12-23 | 10.60 |
| 2025-12-22 | 11.05 |
| 2025-12-19 | 11.09 |
| 2025-12-18 | 10.45 |
| 2025-12-17 | 10.37 |
| 2025-12-16 | 10.34 |
| 2025-12-15 | 10.27 |
| 2025-12-12 | 10.35 |
| 2025-12-11 | 10.00 |
| 2025-12-10 | 10.32 |
| 2025-12-09 | 9.95 |
| 2025-12-08 | 9.81 |
| 2025-12-05 | 9.65 |
| 2025-12-04 | 9.65 |
| 2025-12-03 | 9.81 |
| 2025-12-02 | 9.44 |
| 2025-12-01 | 9.63 |
| 2025-11-28 | 9.95 |
| 2025-11-26 | 10.02 |
| 2025-11-25 | 9.69 |
| 2025-11-24 | 9.52 |
| 2025-11-21 | 9.46 |
| 2025-11-20 | 9.20 |
| 2025-11-19 | 9.46 |
| 2025-11-18 | 9.87 |
| 2025-11-17 | 10.00 |
| 2025-11-14 | 10.47 |
| 2025-11-13 | 10.28 |
| 2025-11-12 | 10.90 |
| 2025-11-11 | 11.14 |
| 2025-11-10 | 11.17 |
| 2025-11-07 | 11.24 |
| 2025-11-06 | 11.44 |
| 2025-11-05 | 10.48 |
| 2025-11-04 | 10.34 |
| 2025-11-03 | 10.81 |
| 2025-10-31 | 10.90 |
| 2025-10-30 | 10.88 |
| 2025-10-29 | 11.02 |
| 2025-10-28 | 11.17 |
| 2025-10-27 | 11.27 |
| 2025-10-24 | 11.64 |
| 2025-10-23 | 11.20 |
| 2025-10-22 | 11.11 |
| 2025-10-21 | 11.64 |
| 2025-10-20 | 11.72 |
| 2025-10-17 | 11.31 |
| 2025-10-16 | 11.31 |
| 2025-10-15 | 11.13 |
| 2025-10-14 | 11.11 |
| 2025-10-13 | 11.16 |
| 2025-10-10 | 11.33 |
| 2025-10-09 | 12.39 |
| 2025-10-08 | 12.84 |
| 2025-10-07 | 12.79 |
| 2025-10-06 | 12.52 |
| 2025-10-03 | 12.42 |
| 2025-10-02 | 12.23 |
| 2025-10-01 | 11.67 |
| 2025-09-30 | 11.40 |
| 2025-09-29 | 11.46 |
| 2025-09-26 | 11.44 |
| 2025-09-25 | 11.00 |
| 2025-09-24 | 11.38 |
| 2025-09-23 | 11.40 |
Showing the most recent 260 of 2,520 data points. The chart above shows the full history.