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 10.06 is 39% below its 5-year average of 16.39, near the low end of its 5-year range (9.39–25.15).
As of Friday, September 4, 2026. 15.55% below its 12-month average of 11.91.
PB RATIO
10.06
PB RATIO AVG TTM
11.91
PB RATIO AVG 3Y
14.57
PB RATIO AVG 5Y
16.39
PB RATIO AVG 10Y
18.69
PB RATIO AVG 15Y
18.59
PB RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-15.55%
CURRENT VS 3Y AVG
-30.97%
CURRENT VS 5Y AVG
-38.61%
CURRENT VS 10Y AVG
-46.18%
CURRENT VS 15Y AVG
-45.88%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
4.16
median of 85 covered companies
CURRENT VS SECTOR MEDIAN
+141.83%
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
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Zoetis Inc. (ZTS) | $30.86B | 10.06 | 11.91 | 14.57 | 16.39 |
| Biogen Inc. (BIIB)vs › | $31.40B | 1.74 | 1.46 | 1.68 | 2.24 |
| GE HealthCare Technologies Inc. (GEHC)vs › | $30.16B | 2.85 | 3.26 | 4.15 | 4.15 |
| Waters Corporation (WAT)vs › | $30.13B | 2.65 | 6.62 | 12.16 | 27.80 |
| DexCom, Inc. (DXCM)vs › | $31.90B | 13.14 | 10.26 | 15.32 | 18.25 |
| Centene Corp. (CNC)vs › | $31.90B | 1.48 | 1.07 | 1.21 | 1.41 |
| ResMed Inc. (RMD)vs › | $32.06B | 5.03 | 5.55 | 6.13 | 7.67 |
| Medline Inc. (MDLN)vs › | $29.33B | 2.72 | 3.05 | 3.05 | 3.05 |
| Alcon Inc. (ALC)vs › | $33.71B | 1.56 | 1.67 | 1.91 | 1.90 |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $34.80B | 27.17 | 127.65 | 336.44 | 228.76 |
At 10.06, P/B is below its 14-year median — higher than 4% of readings in its 14-year history.
14-year low
3.64
median
18.40
14-year high
27.95
P/B Ratio
10.06
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 | 10.06 |
| 2026-09-03 | 10.12 |
| 2026-09-02 | 10.11 |
| 2026-09-01 | 10.25 |
| 2026-08-31 | 10.23 |
| 2026-08-28 | 10.26 |
| 2026-08-27 | 9.95 |
| 2026-08-26 | 10.29 |
| 2026-08-25 | 10.26 |
| 2026-08-24 | 10.24 |
| 2026-08-21 | 10.31 |
| 2026-08-20 | 9.95 |
| 2026-08-19 | 10.17 |
| 2026-08-18 | 9.81 |
| 2026-08-17 | 9.68 |
| 2026-08-14 | 9.79 |
| 2026-08-13 | 10.06 |
| 2026-08-12 | 9.76 |
| 2026-08-11 | 10.00 |
| 2026-08-10 | 9.93 |
| 2026-08-07 | 9.64 |
| 2026-08-06 | 10.25 |
| 2026-08-05 | 9.72 |
| 2026-08-04 | 9.93 |
| 2026-08-03 | 10.07 |
| 2026-07-31 | 10.10 |
| 2026-07-30 | 9.93 |
| 2026-07-29 | 10.18 |
| 2026-07-28 | 10.13 |
| 2026-07-27 | 10.05 |
| 2026-07-24 | 9.84 |
| 2026-07-23 | 9.74 |
| 2026-07-22 | 9.69 |
| 2026-07-21 | 9.84 |
| 2026-07-20 | 9.96 |
| 2026-07-17 | 10.00 |
| 2026-07-16 | 10.05 |
| 2026-07-15 | 9.74 |
| 2026-07-14 | 9.68 |
| 2026-07-13 | 9.85 |
| 2026-07-10 | 9.87 |
| 2026-07-09 | 9.81 |
| 2026-07-08 | 9.81 |
| 2026-07-07 | 9.97 |
| 2026-07-06 | 9.85 |
| 2026-07-02 | 9.77 |
| 2026-07-01 | 9.47 |
| 2026-06-30 | 9.39 |
| 2026-06-29 | 9.57 |
| 2026-06-26 | 9.94 |
| 2026-06-25 | 10.17 |
| 2026-06-24 | 10.21 |
| 2026-06-23 | 10.04 |
| 2026-06-22 | 9.92 |
| 2026-06-18 | 10.28 |
| 2026-06-17 | 10.09 |
| 2026-06-16 | 10.36 |
| 2026-06-15 | 10.45 |
| 2026-06-12 | 10.40 |
| 2026-06-11 | 10.64 |
| 2026-06-10 | 10.62 |
| 2026-06-09 | 10.74 |
| 2026-06-08 | 10.30 |
| 2026-06-05 | 10.38 |
| 2026-06-04 | 10.39 |
| 2026-06-03 | 10.14 |
| 2026-06-02 | 9.98 |
| 2026-06-01 | 10.13 |
| 2026-05-29 | 10.15 |
| 2026-05-28 | 10.23 |
| 2026-05-27 | 10.38 |
| 2026-05-26 | 10.48 |
| 2026-05-22 | 10.62 |
| 2026-05-21 | 10.46 |
| 2026-05-20 | 10.41 |
| 2026-05-19 | 10.31 |
| 2026-05-18 | 10.15 |
| 2026-05-15 | 9.70 |
| 2026-05-14 | 9.86 |
| 2026-05-13 | 9.71 |
| 2026-05-12 | 10.05 |
| 2026-05-11 | 10.02 |
| 2026-05-08 | 10.82 |
| 2026-05-07 | 11.41 |
| 2026-05-06 | 14.64 |
| 2026-05-05 | 14.82 |
| 2026-05-04 | 14.84 |
| 2026-05-01 | 15.03 |
| 2026-04-30 | 15.14 |
| 2026-04-29 | 14.99 |
| 2026-04-28 | 15.36 |
| 2026-04-27 | 15.52 |
| 2026-04-24 | 15.39 |
| 2026-04-23 | 15.28 |
| 2026-04-22 | 15.47 |
| 2026-04-21 | 15.56 |
| 2026-04-20 | 16.16 |
| 2026-04-17 | 16.11 |
| 2026-04-16 | 15.67 |
| 2026-04-15 | 15.90 |
| 2026-04-14 | 15.95 |
| 2026-04-13 | 15.81 |
| 2026-04-10 | 15.52 |
| 2026-04-09 | 15.80 |
| 2026-04-08 | 15.77 |
| 2026-04-07 | 15.38 |
| 2026-04-06 | 15.57 |
| 2026-04-02 | 15.53 |
| 2026-04-01 | 15.44 |
| 2026-03-31 | 15.56 |
| 2026-03-30 | 15.32 |
| 2026-03-27 | 14.93 |
| 2026-03-26 | 15.36 |
| 2026-03-25 | 15.37 |
| 2026-03-24 | 15.26 |
| 2026-03-23 | 15.17 |
| 2026-03-20 | 15.23 |
| 2026-03-19 | 15.27 |
| 2026-03-18 | 15.45 |
| 2026-03-17 | 16.02 |
| 2026-03-16 | 15.56 |
| 2026-03-13 | 15.22 |
| 2026-03-12 | 15.21 |
| 2026-03-11 | 15.77 |
| 2026-03-10 | 15.87 |
| 2026-03-09 | 16.11 |
| 2026-03-06 | 15.99 |
| 2026-03-05 | 16.09 |
| 2026-03-04 | 16.59 |
| 2026-03-03 | 16.58 |
| 2026-03-02 | 16.98 |
| 2026-02-27 | 17.26 |
| 2026-02-26 | 17.09 |
| 2026-02-25 | 16.98 |
| 2026-02-24 | 16.94 |
| 2026-02-23 | 16.56 |
| 2026-02-20 | 16.96 |
| 2026-02-19 | 16.76 |
| 2026-02-18 | 17.00 |
| 2026-02-17 | 16.53 |
| 2026-02-13 | 16.68 |
| 2026-02-12 | 16.54 |
| 2026-02-11 | 10.56 |
| 2026-02-10 | 10.52 |
| 2026-02-09 | 10.45 |
| 2026-02-06 | 10.46 |
| 2026-02-05 | 10.41 |
| 2026-02-04 | 10.40 |
| 2026-02-03 | 10.05 |
| 2026-02-02 | 10.26 |
| 2026-01-30 | 10.25 |
| 2026-01-29 | 9.99 |
| 2026-01-28 | 10.01 |
| 2026-01-27 | 10.26 |
| 2026-01-26 | 10.17 |
| 2026-01-23 | 10.19 |
| 2026-01-22 | 10.21 |
| 2026-01-21 | 10.27 |
| 2026-01-20 | 10.12 |
| 2026-01-16 | 10.23 |
| 2026-01-15 | 10.29 |
| 2026-01-14 | 10.33 |
| 2026-01-13 | 10.23 |
| 2026-01-12 | 10.29 |
| 2026-01-09 | 10.44 |
| 2026-01-08 | 10.41 |
| 2026-01-07 | 10.32 |
| 2026-01-06 | 10.62 |
| 2026-01-05 | 10.62 |
| 2026-01-02 | 10.34 |
| 2025-12-31 | 10.33 |
| 2025-12-30 | 10.38 |
| 2025-12-29 | 10.34 |
| 2025-12-26 | 10.36 |
| 2025-12-24 | 10.30 |
| 2025-12-23 | 10.14 |
| 2025-12-22 | 10.16 |
| 2025-12-19 | 10.04 |
| 2025-12-18 | 10.08 |
| 2025-12-17 | 10.04 |
| 2025-12-16 | 10.12 |
| 2025-12-15 | 9.93 |
| 2025-12-12 | 9.74 |
| 2025-12-11 | 9.66 |
| 2025-12-10 | 9.69 |
| 2025-12-09 | 9.50 |
| 2025-12-08 | 9.70 |
| 2025-12-05 | 9.74 |
| 2025-12-04 | 9.89 |
| 2025-12-03 | 10.06 |
| 2025-12-02 | 10.22 |
| 2025-12-01 | 10.45 |
| 2025-11-28 | 10.52 |
| 2025-11-26 | 10.48 |
| 2025-11-25 | 10.50 |
| 2025-11-24 | 10.09 |
| 2025-11-21 | 10.02 |
| 2025-11-20 | 9.52 |
| 2025-11-19 | 9.61 |
| 2025-11-18 | 9.70 |
| 2025-11-17 | 9.75 |
| 2025-11-14 | 9.92 |
| 2025-11-13 | 9.95 |
| 2025-11-12 | 9.96 |
| 2025-11-11 | 9.86 |
| 2025-11-10 | 9.84 |
| 2025-11-07 | 9.87 |
| 2025-11-06 | 9.82 |
| 2025-11-05 | 9.89 |
| 2025-11-04 | 10.22 |
| 2025-11-03 | 12.92 |
| 2025-10-31 | 12.90 |
| 2025-10-30 | 12.90 |
| 2025-10-29 | 12.88 |
| 2025-10-28 | 13.02 |
| 2025-10-27 | 13.21 |
| 2025-10-24 | 13.06 |
| 2025-10-23 | 13.10 |
| 2025-10-22 | 13.17 |
| 2025-10-21 | 13.08 |
| 2025-10-20 | 12.98 |
| 2025-10-17 | 12.90 |
| 2025-10-16 | 12.82 |
| 2025-10-15 | 12.72 |
| 2025-10-14 | 12.84 |
| 2025-10-13 | 12.73 |
| 2025-10-10 | 12.63 |
| 2025-10-09 | 12.84 |
| 2025-10-08 | 12.84 |
| 2025-10-07 | 12.78 |
| 2025-10-06 | 13.01 |
| 2025-10-03 | 13.11 |
| 2025-10-02 | 13.11 |
| 2025-10-01 | 13.15 |
| 2025-09-30 | 13.10 |
| 2025-09-29 | 12.81 |
| 2025-09-26 | 12.84 |
| 2025-09-25 | 12.63 |
| 2025-09-24 | 12.68 |
| 2025-09-23 | 12.77 |
| 2025-09-22 | 12.95 |
| 2025-09-19 | 13.06 |
| 2025-09-18 | 13.17 |
| 2025-09-17 | 13.15 |
| 2025-09-16 | 13.20 |
| 2025-09-15 | 13.09 |
| 2025-09-12 | 13.27 |
| 2025-09-11 | 13.48 |
| 2025-09-10 | 13.37 |
| 2025-09-09 | 13.41 |
| 2025-09-08 | 13.58 |
| 2025-09-05 | 13.72 |
| 2025-09-04 | 13.71 |
| 2025-09-03 | 13.64 |
| 2025-09-02 | 13.68 |
| 2025-08-29 | 14.00 |
| 2025-08-28 | 13.86 |
| 2025-08-27 | 13.91 |
| 2025-08-26 | 13.86 |
| 2025-08-25 | 13.89 |
Showing the most recent 260 of 3,419 data points. The chart above shows the full history.