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 21.92 is 29% below its estimated 5-year average of 31.01, near the low end of its estimated 5-year range (0.84–230.14).
As of 2026-10-06T21:58:16.517Z. 48.30% below its estimated 12-month average of 42.40.
Calculation as of: 2026-10-06T21:58:16.517Z.
Quote observation: 2026-10-06T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 2bec67efbd0228cb592a38c81264982f90af8fba553e645744a3942f8f5ba41c
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
21.92
PB RATIO AVG TTM
42.40
PB RATIO AVG 3Y
49.96
PB RATIO AVG 5Y
31.01
PB RATIO AVG 10Y
22.20
PB RATIO AVG 15Y
N/A
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-48.30%
CURRENT VS 3Y AVG
-56.12%
CURRENT VS 5Y AVG
-29.31%
CURRENT VS 10Y AVG
-1.28%
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
+817.15%
vs the sector median at left
Market Cap
$13.01B
PB Ratio
90.66
TTM Avg
67.94
3Y Avg
40.78
5Y Avg
40.49
Market Cap
$14.69B
PB Ratio
5.17
TTM Avg
3.24
3Y Avg
2.94
5Y Avg
3.70
Market Cap
$12.93B
PB Ratio
18.31
TTM Avg
12.62
3Y Avg
10.16
5Y Avg
8.52
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Summit Therapeutics Inc. (SMMT) | $13.81B | 21.92 | 42.40 | 49.96 | 31.01 |
| Ascendis Pharma A/S (ASND)vs › | $14.04B | 8.56 | 21.81 | 21.81 | 20.32 |
| BridgeBio Pharma, Inc. (BBIO)vs › | $13.11B | N/A | 43.13 | 31.86 | 31.86 |
| Jazz Pharmaceuticals plc (JAZZ)vs › | $14.54B | 3.03 | 2.96 | 2.36 | 2.52 |
| Halozyme Therapeutics, Inc. (HALO)vs › | $13.01B | 90.66 | 67.94 | 40.78 | 40.49 |
| Neurocrine Biosciences, Inc. (NBIX)vs › | $14.63B | 3.96 | 4.66 | 5.21 | 5.71 |
| Exelixis, Inc. (EXEL)vs › | $14.66B | 7.95 | 6.41 | 4.85 | 3.96 |
| Charles River Laboratories International, Inc. (CRL)vs › | $14.69B | 5.17 | 3.24 | 2.94 | 3.70 |
| Corcept Therapeutics Incorporated (CORT)vs › | $12.93B | 18.31 | 12.62 | 10.16 | 8.52 |
| Tempus AI, Inc. (TEM)vs › | $12.61B | 28.34 | 24.77 | 63.14 | 63.14 |
At 21.92, P/B is above its estimated 12-year median — higher than 65% of readings in its estimated 12-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 12-year low
0.80
median
11.24
estimated 12-year high
502.27
P/B Ratio
21.92
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 | 21.33 |
| 2026-10-02 | 20.70 |
| 2026-10-01 | 20.62 |
| 2026-09-30 | 20.89 |
| 2026-09-29 | 20.25 |
| 2026-09-28 | 19.12 |
| 2026-09-25 | 19.28 |
| 2026-09-24 | 20.23 |
| 2026-09-23 | 20.32 |
| 2026-09-22 | 21.15 |
| 2026-09-21 | 20.88 |
| 2026-09-18 | 22.05 |
| 2026-09-17 | 21.89 |
| 2026-09-16 | 21.37 |
| 2026-09-15 | 21.49 |
| 2026-09-14 | 22.75 |
| 2026-09-11 | 21.68 |
| 2026-09-10 | 21.00 |
| 2026-09-09 | 21.67 |
| 2026-09-08 | 21.35 |
| 2026-09-04 | 21.75 |
| 2026-09-03 | 21.16 |
| 2026-09-02 | 18.03 |
| 2026-09-01 | 17.49 |
| 2026-08-31 | 16.82 |
| 2026-08-28 | 16.96 |
| 2026-08-27 | 17.70 |
| 2026-08-26 | 17.58 |
| 2026-08-25 | 16.50 |
| 2026-08-24 | 15.72 |
| 2026-08-21 | 16.26 |
| 2026-08-20 | 15.35 |
| 2026-08-19 | 16.19 |
| 2026-08-18 | 15.84 |
| 2026-08-17 | 15.79 |
| 2026-08-14 | 16.49 |
| 2026-08-13 | 17.29 |
| 2026-08-12 | 18.65 |
| 2026-08-11 | 18.68 |
| 2026-08-10 | 18.37 |
| 2026-08-07 | 17.24 |
| 2026-08-06 | 16.73 |
| 2026-08-05 | 16.71 |
| 2026-08-04 | 17.00 |
| 2026-08-03 | 16.12 |
| 2026-07-31 | 16.08 |
| 2026-07-30 | 16.60 |
| 2026-07-29 | 15.81 |
| 2026-07-28 | 15.50 |
| 2026-07-27 | 16.19 |
| 2026-07-24 | 16.87 |
| 2026-07-23 | 28.06 |
| 2026-07-22 | 27.61 |
| 2026-07-21 | 27.40 |
| 2026-07-20 | 25.29 |
| 2026-07-17 | 25.87 |
| 2026-07-16 | 25.77 |
| 2026-07-15 | 28.23 |
| 2026-07-14 | 28.98 |
| 2026-07-13 | 28.66 |
| 2026-07-10 | 28.56 |
| 2026-07-09 | 28.99 |
| 2026-07-08 | 29.39 |
| 2026-07-07 | 29.74 |
| 2026-07-06 | 29.84 |
| 2026-07-02 | 28.88 |
| 2026-07-01 | 26.93 |
| 2026-06-30 | 27.29 |
| 2026-06-29 | 26.82 |
| 2026-06-26 | 26.24 |
| 2026-06-25 | 26.56 |
| 2026-06-24 | 26.69 |
| 2026-06-23 | 26.69 |
| 2026-06-22 | 26.75 |
| 2026-06-18 | 25.75 |
| 2026-06-17 | 26.35 |
| 2026-06-16 | 26.00 |
| 2026-06-15 | 26.47 |
| 2026-06-12 | 26.24 |
| 2026-06-11 | 24.50 |
| 2026-06-10 | 24.44 |
| 2026-06-09 | 26.77 |
| 2026-06-08 | 26.43 |
| 2026-06-05 | 27.66 |
| 2026-06-04 | 27.80 |
| 2026-06-03 | 28.23 |
| 2026-06-02 | 27.83 |
| 2026-06-01 | 29.43 |
| 2026-05-29 | 32.85 |
| 2026-05-28 | 32.61 |
| 2026-05-27 | 32.52 |
| 2026-05-26 | 31.84 |
| 2026-05-22 | 31.13 |
| 2026-05-21 | 32.72 |
| 2026-05-20 | 33.51 |
| 2026-05-19 | 29.69 |
| 2026-05-18 | 30.01 |
| 2026-05-15 | 31.60 |
| 2026-05-14 | 33.98 |
| 2026-05-13 | 35.19 |
| 2026-05-12 | 35.49 |
| 2026-05-11 | 34.95 |
| 2026-05-08 | 33.86 |
| 2026-05-07 | 32.12 |
| 2026-05-06 | 33.43 |
| 2026-05-05 | 32.85 |
| 2026-05-04 | 31.80 |
| 2026-05-01 | 30.17 |
| 2026-04-30 | 33.64 |
| 2026-04-29 | 32.65 |
| 2026-04-28 | 33.32 |
| 2026-04-27 | 34.67 |
| 2026-04-24 | 34.61 |
| 2026-04-23 | 34.90 |
| 2026-04-22 | 38.53 |
| 2026-04-21 | 41.35 |
| 2026-04-20 | 39.37 |
| 2026-04-17 | 39.42 |
| 2026-04-16 | 38.27 |
| 2026-04-15 | 33.10 |
| 2026-04-14 | 32.68 |
| 2026-04-13 | 31.39 |
| 2026-04-10 | 30.83 |
| 2026-04-09 | 30.27 |
| 2026-04-08 | 29.48 |
| 2026-04-07 | 30.12 |
| 2026-04-06 | 29.29 |
| 2026-04-02 | 30.38 |
| 2026-04-01 | 29.65 |
| 2026-03-31 | 29.72 |
| 2026-03-30 | 26.61 |
| 2026-03-27 | 25.99 |
| 2026-03-26 | 27.05 |
| 2026-03-25 | 28.12 |
| 2026-03-24 | 24.36 |
| 2026-03-23 | 24.45 |
| 2026-03-20 | 24.31 |
| 2026-03-19 | 24.64 |
| 2026-03-18 | 24.45 |
| 2026-03-17 | 24.84 |
| 2026-03-16 | 25.36 |
| 2026-03-13 | 25.27 |
| 2026-03-12 | 24.23 |
| 2026-03-11 | 25.20 |
| 2026-03-10 | 25.59 |
| 2026-03-09 | 24.64 |
| 2026-03-06 | 23.68 |
| 2026-03-05 | 23.42 |
| 2026-03-04 | 24.11 |
| 2026-03-03 | 23.68 |
| 2026-03-02 | 25.38 |
| 2026-02-27 | 26.00 |
| 2026-02-26 | 24.76 |
| 2026-02-25 | 24.58 |
| 2026-02-24 | 25.27 |
| 2026-02-23 | 62.77 |
| 2026-02-20 | 62.18 |
| 2026-02-19 | 61.91 |
| 2026-02-18 | 61.95 |
| 2026-02-17 | 61.17 |
| 2026-02-13 | 58.36 |
| 2026-02-12 | 57.07 |
| 2026-02-11 | 59.49 |
| 2026-02-10 | 59.49 |
| 2026-02-09 | 58.40 |
| 2026-02-06 | 58.48 |
| 2026-02-05 | 54.03 |
| 2026-02-04 | 56.25 |
| 2026-02-03 | 56.92 |
| 2026-02-02 | 54.85 |
| 2026-01-30 | 56.49 |
| 2026-01-29 | 60.08 |
| 2026-01-28 | 61.01 |
| 2026-01-27 | 62.03 |
| 2026-01-26 | 64.60 |
| 2026-01-23 | 64.33 |
| 2026-01-22 | 67.76 |
| 2026-01-21 | 65.73 |
| 2026-01-20 | 62.65 |
| 2026-01-16 | 66.47 |
| 2026-01-15 | 67.37 |
| 2026-01-14 | 68.85 |
| 2026-01-13 | 65.58 |
| 2026-01-12 | 66.47 |
| 2026-01-09 | 76.77 |
| 2026-01-08 | 73.46 |
| 2026-01-07 | 74.16 |
| 2026-01-06 | 72.79 |
| 2026-01-05 | 68.03 |
| 2026-01-02 | 68.35 |
| 2025-12-31 | 68.23 |
| 2025-12-30 | 68.23 |
| 2025-12-29 | 69.36 |
| 2025-12-26 | 70.76 |
| 2025-12-24 | 71.70 |
| 2025-12-23 | 70.69 |
| 2025-12-22 | 70.80 |
| 2025-12-19 | 69.52 |
| 2025-12-18 | 66.47 |
| 2025-12-17 | 66.36 |
| 2025-12-16 | 67.21 |
| 2025-12-15 | 67.80 |
| 2025-12-12 | 68.54 |
| 2025-12-11 | 70.18 |
| 2025-12-10 | 69.98 |
| 2025-12-09 | 66.40 |
| 2025-12-08 | 72.68 |
| 2025-12-05 | 71.43 |
| 2025-12-04 | 73.38 |
| 2025-12-03 | 71.66 |
| 2025-12-02 | 67.29 |
| 2025-12-01 | 67.33 |
| 2025-11-28 | 69.79 |
| 2025-11-26 | 69.52 |
| 2025-11-25 | 68.81 |
| 2025-11-24 | 69.59 |
| 2025-11-21 | 63.16 |
| 2025-11-20 | 64.17 |
| 2025-11-19 | 64.60 |
| 2025-11-18 | 65.58 |
| 2025-11-17 | 66.12 |
| 2025-11-14 | 70.34 |
| 2025-11-13 | 71.23 |
| 2025-11-12 | 73.46 |
| 2025-11-11 | 74.74 |
| 2025-11-10 | 71.39 |
| 2025-11-07 | 70.92 |
| 2025-11-06 | 71.97 |
| 2025-11-05 | 70.49 |
| 2025-11-04 | 68.23 |
| 2025-11-03 | 71.08 |
| 2025-10-31 | 73.77 |
| 2025-10-30 | 72.72 |
| 2025-10-29 | 72.79 |
| 2025-10-28 | 75.02 |
| 2025-10-27 | 75.91 |
| 2025-10-24 | 75.21 |
| 2025-10-23 | 73.14 |
| 2025-10-22 | 74.74 |
| 2025-10-21 | 73.11 |
| 2025-10-20 | 78.18 |
| 2025-10-17 | 81.88 |
| 2025-10-16 | 85.71 |
| 2025-10-15 | 88.32 |
| 2025-10-14 | 84.85 |
| 2025-10-13 | 89.45 |
| 2025-10-10 | 83.29 |
| 2025-10-09 | 88.36 |
| 2025-10-08 | 91.05 |
| 2025-10-07 | 86.95 |
| 2025-10-06 | 86.41 |
| 2025-10-03 | 83.60 |
| 2025-10-02 | 81.41 |
| 2025-10-01 | 79.93 |
| 2025-09-30 | 80.60 |
| 2025-09-29 | 82.55 |
| 2025-09-26 | 81.73 |
| 2025-09-25 | 79.04 |
| 2025-09-24 | 79.97 |
| 2025-09-23 | 74.70 |
Showing the most recent 260 of 2,819 data points. The chart above shows the full history.