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 2.65 is 90% below its 5-year average of 27.80, near the low end of its 5-year range (1.77–98.40).
As of Friday, September 4, 2026. 59.95% below its 12-month average of 6.62.
PB RATIO
2.65
PB RATIO AVG TTM
6.62
PB RATIO AVG 3Y
12.16
PB RATIO AVG 5Y
27.80
PB RATIO AVG 10Y
23.84
PB RATIO AVG 15Y
9.28
PB RATIO AVG 20Y
9.41
CURRENT VS TTM AVG
-59.95%
CURRENT VS 3Y AVG
-78.21%
CURRENT VS 5Y AVG
-90.47%
CURRENT VS 10Y AVG
-88.89%
CURRENT VS 15Y AVG
-71.45%
CURRENT VS 20Y AVG
-71.85%
SECTOR MEDIAN · HEALTHCARE
4.16
median of 85 covered companies
CURRENT VS SECTOR MEDIAN
-36.30%
vs the sector median at left
Market Cap
$30.16B
PB Ratio
2.85
TTM Avg
3.26
3Y Avg
4.15
5Y Avg
4.15
Market Cap
$26.79B
PB Ratio
2115.64
TTM Avg
2214.44
3Y Avg
2214.44
5Y Avg
1208.11
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waters Corporation (WAT) | $30.13B | 2.65 | 6.62 | 12.16 | 27.80 |
| GE HealthCare Technologies Inc. (GEHC)vs › | $30.16B | 2.85 | 3.26 | 4.15 | 4.15 |
| Zoetis Inc. (ZTS)vs › | $30.86B | 10.06 | 11.91 | 14.57 | 16.13 |
| Medline Inc. (MDLN)vs › | $29.33B | 2.72 | 3.05 | 3.05 | 3.05 |
| Biogen Inc. (BIIB)vs › | $31.40B | 1.68 | 1.47 | 1.67 | 2.24 |
| DexCom, Inc. (DXCM)vs › | $31.90B | 13.14 | 10.26 | 15.32 | 18.25 |
| Centene Corp. (CNC)vs › | $31.90B | 1.42 | 1.07 | 1.21 | 1.41 |
| ResMed Inc. (RMD)vs › | $32.06B | 5.03 | 5.55 | 6.13 | 7.67 |
| Mettler-Toledo International Inc. (MTD)vs › | $26.79B | 2115.64 | 2214.44 | 2214.44 | 1208.11 |
| Labcorp Holdings Inc. (LH)vs › | $26.64B | 3.11 | 2.65 | 2.47 | 2.26 |
At 2.65, P/B is below its 20-year median — higher than 1% of readings in its 20-year history.
20-year low
1.77
median
7.64
20-year high
141.10
P/B Ratio
2.65
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 |
|---|---|
| 2026-09-04 | 2.65 |
| 2026-09-03 | 2.67 |
| 2026-09-02 | 2.66 |
| 2026-09-01 | 2.62 |
| 2026-08-31 | 2.68 |
| 2026-08-28 | 2.68 |
| 2026-08-27 | 2.72 |
| 2026-08-26 | 2.68 |
| 2026-08-25 | 2.68 |
| 2026-08-24 | 2.65 |
| 2026-08-21 | 2.65 |
| 2026-08-20 | 2.62 |
| 2026-08-19 | 2.69 |
| 2026-08-18 | 2.59 |
| 2026-08-17 | 2.64 |
| 2026-08-14 | 2.66 |
| 2026-08-13 | 2.67 |
| 2026-08-12 | 2.69 |
| 2026-08-11 | 2.68 |
| 2026-08-10 | 2.21 |
| 2026-08-07 | 2.19 |
| 2026-08-06 | 2.15 |
| 2026-08-05 | 2.15 |
| 2026-08-04 | 2.13 |
| 2026-08-03 | 2.01 |
| 2026-07-31 | 2.03 |
| 2026-07-30 | 2.04 |
| 2026-07-29 | 2.04 |
| 2026-07-28 | 2.06 |
| 2026-07-27 | 1.99 |
| 2026-07-24 | 2.01 |
| 2026-07-23 | 2.05 |
| 2026-07-22 | 1.99 |
| 2026-07-21 | 1.97 |
| 2026-07-20 | 1.92 |
| 2026-07-17 | 1.98 |
| 2026-07-16 | 2.03 |
| 2026-07-15 | 2.01 |
| 2026-07-14 | 2.02 |
| 2026-07-13 | 2.00 |
| 2026-07-10 | 2.02 |
| 2026-07-09 | 2.03 |
| 2026-07-08 | 1.98 |
| 2026-07-07 | 2.01 |
| 2026-07-06 | 2.04 |
| 2026-07-02 | 2.04 |
| 2026-07-01 | 2.03 |
| 2026-06-30 | 2.01 |
| 2026-06-29 | 1.98 |
| 2026-06-26 | 2.01 |
| 2026-06-25 | 2.02 |
| 2026-06-24 | 1.98 |
| 2026-06-23 | 1.92 |
| 2026-06-22 | 1.92 |
| 2026-06-18 | 1.91 |
| 2026-06-17 | 1.92 |
| 2026-06-16 | 1.94 |
| 2026-06-15 | 1.92 |
| 2026-06-12 | 1.91 |
| 2026-06-11 | 1.93 |
| 2026-06-10 | 1.95 |
| 2026-06-09 | 1.99 |
| 2026-06-08 | 1.95 |
| 2026-06-05 | 1.96 |
| 2026-06-04 | 2.02 |
| 2026-06-03 | 2.04 |
| 2026-06-02 | 2.00 |
| 2026-06-01 | 2.03 |
| 2026-05-29 | 2.06 |
| 2026-05-28 | 1.97 |
| 2026-05-27 | 1.84 |
| 2026-05-26 | 1.82 |
| 2026-05-22 | 1.84 |
| 2026-05-21 | 1.83 |
| 2026-05-20 | 1.83 |
| 2026-05-19 | 1.79 |
| 2026-05-18 | 1.78 |
| 2026-05-15 | 1.77 |
| 2026-05-14 | 1.79 |
| 2026-05-13 | 1.80 |
| 2026-05-12 | 1.89 |
| 2026-05-11 | 8.12 |
| 2026-05-08 | 8.29 |
| 2026-05-07 | 8.18 |
| 2026-05-06 | 8.16 |
| 2026-05-05 | 7.99 |
| 2026-05-04 | 7.04 |
| 2026-05-01 | 7.17 |
| 2026-04-30 | 7.22 |
| 2026-04-29 | 6.82 |
| 2026-04-28 | 7.02 |
| 2026-04-27 | 7.00 |
| 2026-04-24 | 7.23 |
| 2026-04-23 | 7.26 |
| 2026-04-22 | 7.80 |
| 2026-04-21 | 7.82 |
| 2026-04-20 | 7.83 |
| 2026-04-17 | 7.65 |
| 2026-04-16 | 7.44 |
| 2026-04-15 | 7.61 |
| 2026-04-14 | 7.72 |
| 2026-04-13 | 7.58 |
| 2026-04-10 | 7.47 |
| 2026-04-09 | 7.41 |
| 2026-04-08 | 7.43 |
| 2026-04-07 | 7.17 |
| 2026-04-06 | 7.10 |
| 2026-04-02 | 7.10 |
| 2026-04-01 | 7.00 |
| 2026-03-31 | 6.95 |
| 2026-03-30 | 6.85 |
| 2026-03-27 | 6.75 |
| 2026-03-26 | 7.01 |
| 2026-03-25 | 7.05 |
| 2026-03-24 | 7.04 |
| 2026-03-23 | 7.04 |
| 2026-03-20 | 6.98 |
| 2026-03-19 | 6.99 |
| 2026-03-18 | 6.88 |
| 2026-03-17 | 6.93 |
| 2026-03-16 | 6.77 |
| 2026-03-13 | 6.69 |
| 2026-03-12 | 6.61 |
| 2026-03-11 | 6.94 |
| 2026-03-10 | 6.99 |
| 2026-03-09 | 7.13 |
| 2026-03-06 | 7.06 |
| 2026-03-05 | 7.36 |
| 2026-03-04 | 7.44 |
| 2026-03-03 | 7.28 |
| 2026-03-02 | 7.17 |
| 2026-02-27 | 7.45 |
| 2026-02-26 | 7.53 |
| 2026-02-25 | 7.45 |
| 2026-02-24 | 7.61 |
| 2026-02-23 | 7.65 |
| 2026-02-20 | 8.53 |
| 2026-02-19 | 8.41 |
| 2026-02-18 | 8.38 |
| 2026-02-17 | 8.22 |
| 2026-02-13 | 8.27 |
| 2026-02-12 | 8.18 |
| 2026-02-11 | 8.42 |
| 2026-02-10 | 8.37 |
| 2026-02-09 | 8.39 |
| 2026-02-06 | 9.75 |
| 2026-02-05 | 9.64 |
| 2026-02-04 | 9.83 |
| 2026-02-03 | 9.69 |
| 2026-02-02 | 9.70 |
| 2026-01-30 | 9.48 |
| 2026-01-29 | 9.60 |
| 2026-01-28 | 9.85 |
| 2026-01-27 | 9.98 |
| 2026-01-26 | 10.00 |
| 2026-01-23 | 10.04 |
| 2026-01-22 | 10.24 |
| 2026-01-21 | 10.15 |
| 2026-01-20 | 9.82 |
| 2026-01-16 | 9.91 |
| 2026-01-15 | 10.09 |
| 2026-01-14 | 10.06 |
| 2026-01-13 | 10.08 |
| 2026-01-12 | 10.07 |
| 2026-01-09 | 10.15 |
| 2026-01-08 | 10.15 |
| 2026-01-07 | 10.22 |
| 2026-01-06 | 10.25 |
| 2026-01-05 | 10.10 |
| 2026-01-02 | 9.77 |
| 2025-12-31 | 9.72 |
| 2025-12-30 | 9.82 |
| 2025-12-29 | 9.85 |
| 2025-12-26 | 9.88 |
| 2025-12-24 | 9.84 |
| 2025-12-23 | 9.80 |
| 2025-12-22 | 9.83 |
| 2025-12-19 | 9.67 |
| 2025-12-18 | 9.63 |
| 2025-12-17 | 9.65 |
| 2025-12-16 | 9.68 |
| 2025-12-15 | 9.86 |
| 2025-12-12 | 9.86 |
| 2025-12-11 | 10.03 |
| 2025-12-10 | 10.13 |
| 2025-12-09 | 9.88 |
| 2025-12-08 | 10.05 |
| 2025-12-05 | 10.10 |
| 2025-12-04 | 10.14 |
| 2025-12-03 | 10.17 |
| 2025-12-02 | 10.20 |
| 2025-12-01 | 10.18 |
| 2025-11-28 | 10.32 |
| 2025-11-26 | 10.42 |
| 2025-11-25 | 10.55 |
| 2025-11-24 | 10.22 |
| 2025-11-21 | 10.08 |
| 2025-11-20 | 9.69 |
| 2025-11-19 | 9.62 |
| 2025-11-18 | 9.63 |
| 2025-11-17 | 9.67 |
| 2025-11-14 | 9.71 |
| 2025-11-13 | 9.70 |
| 2025-11-12 | 9.91 |
| 2025-11-11 | 9.88 |
| 2025-11-10 | 9.63 |
| 2025-11-07 | 9.51 |
| 2025-11-06 | 9.49 |
| 2025-11-05 | 9.52 |
| 2025-11-04 | 9.40 |
| 2025-11-03 | 9.55 |
| 2025-10-31 | 9.66 |
| 2025-10-30 | 9.47 |
| 2025-10-29 | 9.49 |
| 2025-10-28 | 9.56 |
| 2025-10-27 | 9.72 |
| 2025-10-24 | 9.93 |
| 2025-10-23 | 9.82 |
| 2025-10-22 | 9.63 |
| 2025-10-21 | 9.65 |
| 2025-10-20 | 9.48 |
| 2025-10-17 | 9.24 |
| 2025-10-16 | 9.25 |
| 2025-10-15 | 9.18 |
| 2025-10-14 | 9.20 |
| 2025-10-13 | 9.29 |
| 2025-10-10 | 9.14 |
| 2025-10-09 | 9.13 |
| 2025-10-08 | 9.05 |
| 2025-10-07 | 8.79 |
| 2025-10-06 | 9.05 |
| 2025-10-03 | 9.07 |
| 2025-10-02 | 8.89 |
| 2025-10-01 | 8.83 |
| 2025-09-30 | 8.28 |
| 2025-09-29 | 7.99 |
| 2025-09-26 | 8.06 |
| 2025-09-25 | 7.95 |
| 2025-09-24 | 8.08 |
| 2025-09-23 | 8.26 |
| 2025-09-22 | 8.35 |
| 2025-09-19 | 8.31 |
| 2025-09-18 | 8.46 |
| 2025-09-17 | 8.39 |
| 2025-09-16 | 8.37 |
| 2025-09-15 | 8.26 |
| 2025-09-12 | 8.16 |
| 2025-09-11 | 8.35 |
| 2025-09-10 | 8.09 |
| 2025-09-09 | 8.30 |
| 2025-09-08 | 8.55 |
| 2025-09-05 | 8.46 |
| 2025-09-04 | 8.28 |
| 2025-09-03 | 8.01 |
| 2025-09-02 | 8.19 |
| 2025-08-29 | 8.34 |
| 2025-08-28 | 8.22 |
| 2025-08-27 | 8.14 |
| 2025-08-26 | 8.18 |
| 2025-08-25 | 8.26 |
Showing the most recent 260 of 4,780 data points. The chart above shows the full history.