Question 1

What is Bristol-Myers Squibb's P/B ratio?

Accepted Answer

Bristol-Myers Squibb (BMY) P/B ratio is 6.2× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Bristol-Myers Squibb?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Bristol-Myers Squibb specifically, the relevant sector benchmark is the current sector median of 3.2×.

Question 5

Is Bristol-Myers Squibb's P/B ratio high or low?

Accepted Answer

Bristol-Myers Squibb's P/B ratio of 6.2× is above its own 5-year average of 5.1× and above the sector median of 3.2×. That places the current reading at the 84th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Bristol-Myers Squibb's historical P/B ratio range?

Accepted Answer

In the available daily series, Bristol-Myers Squibb (BMY) P/B ratio has ranged from a low of 2.4× in 2019 to a high of 8.5× in 2017. The 5-year average is 5.1× and the 5-year median is 4.9×.

Question 7

What was Bristol-Myers Squibb's P/B ratio in 2025?

Accepted Answer

Bristol-Myers Squibb (BMY) P/B ratio at the end of 2025 was 6.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Bristol-Myers Squibb's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$110B	$18.5B	6.0×	-1.1×	Dec 31, 2025
2024	$115B	$16.3B	7.0×	+3.5×	Dec 31, 2024
2023	$104B	$29.4B	3.5×	-1.3×	Dec 31, 2023
2022	$152B	$31.1B	4.9×	+1.1×	Dec 31, 2022
2021	$134B	$35.9B	3.7×	+0.0×	Dec 31, 2021
2020	$140B	$37.8B	3.7×	+1.3×	Dec 31, 2020
2019	$123B	$51.6B	2.4×	-3.7×	Dec 31, 2019
2018	$84.8B	$14B	6.0×	-2.5×	Dec 31, 2018
2017	$100B	$11.7B	8.5×	+2.5×	Dec 31, 2017
2016	$97.7B	$16.2B	6.0×	-1.9×	Dec 31, 2016
2015	$113B	$14.3B	8.0×	+1.4×	Dec 31, 2015
2014	$98B	$14.9B	6.6×	+0.8×	Dec 31, 2014
2013	$87.6B	$15.2B	5.8×	+1.8×	Dec 31, 2013
2012	$53.6B	$13.6B	3.9×	+0.2×	Dec 31, 2012
2011	$59.6B	$16B	3.7×	+0.9×	Dec 31, 2011
2010	$45.2B	$15.7B	2.9×	-0.5×	Dec 31, 2010
2009	$49.5B	$14.8B	3.3×	-0.4×	Dec 31, 2009
2008	$46B	$12.2B	3.8×	-1.2×	Dec 31, 2008
2007	$52.4B	$10.6B	5.0×	-0.2×	Dec 31, 2007
2006	$51.7B	$9.99B	5.2×	+1.2×	Dec 31, 2006
2005	$44.9B	$11.2B	4.0×	-0.9×	Dec 31, 2005
2004	$49.8B	$10.2B	4.9×	-0.8×	Dec 31, 2004
2003	$55.5B	$9.79B	5.7×	-0.1×	Dec 31, 2003
2002	$50.5B	$8.76B	5.8×	—	Dec 31, 2002


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Becton, Dickinson and (BDX)	1.8×
Pfizer (PFE)	1.8×
Cigna (CI)	1.7×
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Universal Health Services (UHS)	1.5×
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Zimmer Biomet Holdings (ZBH)	1.4×
Revvity (RVTY)	1.4×
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P/B Ratio for Bristol-Myers Squibb (BMY) 2002-2026

P/B Ratio daily chart for Bristol-Myers Squibb (BMY)

Historical P/B Ratio for Bristol-Myers Squibb (BMY) from 2002 to 2025

About P/B Ratio at Bristol-Myers Squibb (BMY)

Bristol-Myers Squibb P/B Ratio by Year

Bristol-Myers Squibb P/B Ratio 2025: 6.0×

Bristol-Myers Squibb P/B Ratio 2024: 7.0×

Bristol-Myers Squibb P/B Ratio 2023: 3.5×

Bristol-Myers Squibb P/B Ratio 2022: 4.9×

Bristol-Myers Squibb P/B Ratio 2021: 3.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Bristol-Myers Squibb (BMY) Key Financials