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 5.54 is 31% below its estimated 5-year average of 8.07, near the low end of its estimated 5-year range (4.31–16.15).
As of 2026-10-06T22:53:10.124Z. 2.75% below its estimated 12-month average of 5.70.
Calculation as of: 2026-10-06T22:53:10.124Z.
Quote observation: 2026-10-06T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 74406e0af2a3ae2a0a3321f422a2c0552e1ec64c3f78dd1595dbf6a414c23681
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
5.54
PB RATIO AVG TTM
5.70
PB RATIO AVG 3Y
7.80
PB RATIO AVG 5Y
8.07
PB RATIO AVG 10Y
8.32
PB RATIO AVG 15Y
8.32
PB RATIO AVG 20Y
6.52
CURRENT VS TTM AVG
-2.75%
CURRENT VS 3Y AVG
-28.97%
CURRENT VS 5Y AVG
-31.33%
CURRENT VS 10Y AVG
-33.40%
CURRENT VS 15Y AVG
-33.40%
CURRENT VS 20Y AVG
-15.00%
SECTOR MEDIAN · HEALTHCARE
2.39
median of 761 covered companies
CURRENT VS SECTOR MEDIAN
+131.80%
vs the sector median at left
Market Cap
$2.02B
PB Ratio
N/A
TTM Avg
68.48
3Y Avg
35.35
5Y Avg
46.14
Market Cap
$2.11B
PB Ratio
15.33
TTM Avg
11.92
3Y Avg
10.21
5Y Avg
7.96
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Vericel Corporation (VCEL) | $2.05B | 5.54 | 5.70 | 7.80 | 8.07 |
| Celldex Therapeutics, Inc. (CLDX)vs › | $2.06B | 2.89 | 3.81 | 3.48 | 4.00 |
| Viridian Therapeutics, Inc. (VRDN)vs › | $2.06B | 3.66 | 5.15 | 4.02 | 4.79 |
| Progyny, Inc. (PGNY)vs › | $2.03B | 4.48 | 4.22 | 4.79 | 8.25 |
| Alvotech (ALVO)vs › | $2.08B | N/A | 6.71 | 6.71 | 6.71 |
| BioCryst Pharmaceuticals, Inc. (BCRX)vs › | $2.02B | N/A | 68.48 | 35.35 | 46.14 |
| UroGen Pharma Ltd. (URGN)vs › | $2.02B | N/A | 17.46 | 17.59 | 8.04 |
| Aurinia Pharmaceuticals Inc. (AUPH)vs › | $2.02B | 3.28 | 4.41 | 3.59 | 3.87 |
| SELLAS Life Sciences Group, Inc. (SLS)vs › | $2.11B | 15.33 | 11.92 | 10.21 | 7.96 |
| Vera Therapeutics, Inc. (VERA)vs › | $2.11B | 5.18 | 5.47 | 6.24 | 5.42 |
At 5.54, P/B is near its estimated 20-year median — higher than 37% of readings in its estimated 20-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 20-year low
0.91
median
6.74
estimated 20-year high
25.20
P/B Ratio
5.54
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 | 5.65 |
| 2026-10-02 | 5.53 |
| 2026-10-01 | 5.43 |
| 2026-09-30 | 5.52 |
| 2026-09-29 | 5.59 |
| 2026-09-28 | 5.54 |
| 2026-09-25 | 5.46 |
| 2026-09-24 | 5.41 |
| 2026-09-23 | 5.34 |
| 2026-09-22 | 5.54 |
| 2026-09-21 | 5.44 |
| 2026-09-18 | 5.51 |
| 2026-09-17 | 5.51 |
| 2026-09-16 | 5.53 |
| 2026-09-15 | 5.47 |
| 2026-09-14 | 5.45 |
| 2026-09-11 | 5.28 |
| 2026-09-10 | 5.21 |
| 2026-09-09 | 5.37 |
| 2026-09-08 | 5.38 |
| 2026-09-04 | 5.53 |
| 2026-09-03 | 5.57 |
| 2026-09-02 | 5.63 |
| 2026-09-01 | 5.57 |
| 2026-08-31 | 5.49 |
| 2026-08-28 | 5.64 |
| 2026-08-27 | 5.67 |
| 2026-08-26 | 5.84 |
| 2026-08-25 | 5.95 |
| 2026-08-24 | 5.82 |
| 2026-08-21 | 5.87 |
| 2026-08-20 | 5.80 |
| 2026-08-19 | 6.00 |
| 2026-08-18 | 6.09 |
| 2026-08-17 | 6.00 |
| 2026-08-14 | 6.08 |
| 2026-08-13 | 6.13 |
| 2026-08-12 | 6.16 |
| 2026-08-11 | 6.10 |
| 2026-08-10 | 6.05 |
| 2026-08-07 | 6.21 |
| 2026-08-06 | 6.16 |
| 2026-08-05 | 6.24 |
| 2026-08-04 | 6.38 |
| 2026-08-03 | 6.34 |
| 2026-07-31 | 6.33 |
| 2026-07-30 | 6.79 |
| 2026-07-29 | 6.64 |
| 2026-07-28 | 6.66 |
| 2026-07-27 | 6.46 |
| 2026-07-24 | 6.42 |
| 2026-07-23 | 6.42 |
| 2026-07-22 | 6.35 |
| 2026-07-21 | 6.58 |
| 2026-07-20 | 6.54 |
| 2026-07-17 | 6.65 |
| 2026-07-16 | 6.81 |
| 2026-07-15 | 6.66 |
| 2026-07-14 | 6.57 |
| 2026-07-13 | 6.77 |
| 2026-07-10 | 6.70 |
| 2026-07-09 | 6.89 |
| 2026-07-08 | 6.70 |
| 2026-07-07 | 6.69 |
| 2026-07-06 | 6.64 |
| 2026-07-02 | 6.70 |
| 2026-07-01 | 6.44 |
| 2026-06-30 | 6.34 |
| 2026-06-29 | 6.42 |
| 2026-06-26 | 6.59 |
| 2026-06-25 | 6.11 |
| 2026-06-24 | 5.94 |
| 2026-06-23 | 5.76 |
| 2026-06-22 | 5.77 |
| 2026-06-18 | 5.72 |
| 2026-06-17 | 5.58 |
| 2026-06-16 | 5.48 |
| 2026-06-15 | 5.46 |
| 2026-06-12 | 5.34 |
| 2026-06-11 | 5.50 |
| 2026-06-10 | 5.33 |
| 2026-06-09 | 5.28 |
| 2026-06-08 | 5.10 |
| 2026-06-05 | 5.17 |
| 2026-06-04 | 5.09 |
| 2026-06-03 | 4.95 |
| 2026-06-02 | 4.91 |
| 2026-06-01 | 4.68 |
| 2026-05-29 | 4.75 |
| 2026-05-28 | 4.88 |
| 2026-05-27 | 4.88 |
| 2026-05-26 | 4.98 |
| 2026-05-22 | 4.95 |
| 2026-05-21 | 5.01 |
| 2026-05-20 | 5.05 |
| 2026-05-19 | 4.92 |
| 2026-05-18 | 4.97 |
| 2026-05-15 | 4.71 |
| 2026-05-14 | 4.72 |
| 2026-05-13 | 4.68 |
| 2026-05-12 | 4.69 |
| 2026-05-11 | 4.69 |
| 2026-05-08 | 4.77 |
| 2026-05-07 | 5.16 |
| 2026-05-06 | 5.40 |
| 2026-05-05 | 5.40 |
| 2026-05-04 | 5.36 |
| 2026-05-01 | 5.22 |
| 2026-04-30 | 5.10 |
| 2026-04-29 | 4.91 |
| 2026-04-28 | 5.23 |
| 2026-04-27 | 5.42 |
| 2026-04-24 | 5.23 |
| 2026-04-23 | 5.05 |
| 2026-04-22 | 5.05 |
| 2026-04-21 | 4.94 |
| 2026-04-20 | 5.26 |
| 2026-04-17 | 5.24 |
| 2026-04-16 | 4.96 |
| 2026-04-15 | 5.19 |
| 2026-04-14 | 5.16 |
| 2026-04-13 | 5.06 |
| 2026-04-10 | 4.95 |
| 2026-04-09 | 4.93 |
| 2026-04-08 | 5.00 |
| 2026-04-07 | 4.89 |
| 2026-04-06 | 5.00 |
| 2026-04-02 | 5.01 |
| 2026-04-01 | 4.78 |
| 2026-03-31 | 4.72 |
| 2026-03-30 | 4.49 |
| 2026-03-27 | 4.31 |
| 2026-03-26 | 4.53 |
| 2026-03-25 | 4.62 |
| 2026-03-24 | 4.86 |
| 2026-03-23 | 4.76 |
| 2026-03-20 | 4.61 |
| 2026-03-19 | 4.81 |
| 2026-03-18 | 4.74 |
| 2026-03-17 | 4.77 |
| 2026-03-16 | 4.74 |
| 2026-03-13 | 4.78 |
| 2026-03-12 | 4.71 |
| 2026-03-11 | 4.83 |
| 2026-03-10 | 4.90 |
| 2026-03-09 | 5.01 |
| 2026-03-06 | 4.95 |
| 2026-03-05 | 4.99 |
| 2026-03-04 | 5.13 |
| 2026-03-03 | 5.05 |
| 2026-03-02 | 5.19 |
| 2026-02-27 | 5.24 |
| 2026-02-26 | 6.08 |
| 2026-02-25 | 5.98 |
| 2026-02-24 | 6.17 |
| 2026-02-23 | 6.17 |
| 2026-02-20 | 6.14 |
| 2026-02-19 | 6.16 |
| 2026-02-18 | 6.03 |
| 2026-02-17 | 5.94 |
| 2026-02-13 | 5.80 |
| 2026-02-12 | 5.48 |
| 2026-02-11 | 5.58 |
| 2026-02-10 | 5.74 |
| 2026-02-09 | 5.72 |
| 2026-02-06 | 5.84 |
| 2026-02-05 | 5.71 |
| 2026-02-04 | 5.95 |
| 2026-02-03 | 5.98 |
| 2026-02-02 | 5.96 |
| 2026-01-30 | 5.80 |
| 2026-01-29 | 5.89 |
| 2026-01-28 | 5.84 |
| 2026-01-27 | 5.90 |
| 2026-01-26 | 6.08 |
| 2026-01-23 | 6.10 |
| 2026-01-22 | 6.31 |
| 2026-01-21 | 6.08 |
| 2026-01-20 | 5.85 |
| 2026-01-16 | 6.03 |
| 2026-01-15 | 6.22 |
| 2026-01-14 | 6.02 |
| 2026-01-13 | 5.98 |
| 2026-01-12 | 5.90 |
| 2026-01-09 | 6.22 |
| 2026-01-08 | 6.57 |
| 2026-01-07 | 6.51 |
| 2026-01-06 | 6.34 |
| 2026-01-05 | 5.98 |
| 2026-01-02 | 5.74 |
| 2025-12-31 | 5.81 |
| 2025-12-30 | 5.92 |
| 2025-12-29 | 6.06 |
| 2025-12-26 | 6.07 |
| 2025-12-24 | 6.06 |
| 2025-12-23 | 6.03 |
| 2025-12-22 | 6.03 |
| 2025-12-19 | 5.81 |
| 2025-12-18 | 5.83 |
| 2025-12-17 | 5.87 |
| 2025-12-16 | 5.73 |
| 2025-12-15 | 5.88 |
| 2025-12-12 | 5.89 |
| 2025-12-11 | 6.03 |
| 2025-12-10 | 6.07 |
| 2025-12-09 | 6.19 |
| 2025-12-08 | 6.02 |
| 2025-12-05 | 5.84 |
| 2025-12-04 | 5.93 |
| 2025-12-03 | 6.03 |
| 2025-12-02 | 6.07 |
| 2025-12-01 | 6.26 |
| 2025-11-28 | 6.49 |
| 2025-11-26 | 6.51 |
| 2025-11-25 | 6.86 |
| 2025-11-24 | 6.27 |
| 2025-11-21 | 6.38 |
| 2025-11-20 | 6.10 |
| 2025-11-19 | 6.28 |
| 2025-11-18 | 6.29 |
| 2025-11-17 | 6.36 |
| 2025-11-14 | 6.43 |
| 2025-11-13 | 6.43 |
| 2025-11-12 | 6.52 |
| 2025-11-11 | 6.62 |
| 2025-11-10 | 6.29 |
| 2025-11-07 | 6.28 |
| 2025-11-06 | 6.36 |
| 2025-11-05 | 6.11 |
| 2025-11-04 | 5.95 |
| 2025-11-03 | 6.03 |
| 2025-10-31 | 5.76 |
| 2025-10-30 | 5.67 |
| 2025-10-29 | 5.73 |
| 2025-10-28 | 6.05 |
| 2025-10-27 | 5.99 |
| 2025-10-24 | 5.96 |
| 2025-10-23 | 5.91 |
| 2025-10-22 | 5.98 |
| 2025-10-21 | 5.98 |
| 2025-10-20 | 5.91 |
| 2025-10-17 | 5.80 |
| 2025-10-16 | 5.70 |
| 2025-10-15 | 5.51 |
| 2025-10-14 | 5.69 |
| 2025-10-13 | 5.50 |
| 2025-10-10 | 5.23 |
| 2025-10-09 | 5.38 |
| 2025-10-08 | 5.60 |
| 2025-10-07 | 5.44 |
| 2025-10-06 | 5.54 |
| 2025-10-03 | 5.33 |
| 2025-10-02 | 5.17 |
| 2025-10-01 | 5.07 |
| 2025-09-30 | 5.17 |
| 2025-09-29 | 5.22 |
| 2025-09-26 | 4.96 |
| 2025-09-25 | 4.90 |
| 2025-09-24 | 4.97 |
| 2025-09-23 | 5.12 |
Showing the most recent 260 of 3,524 data points. The chart above shows the full history.