Question 1

What is Boston Scientific's P/B ratio?

Accepted Answer

Boston Scientific (BSX) P/B ratio is 2.8× as of June 5, 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 Boston Scientific?

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 Boston Scientific specifically, the relevant sector benchmark is the current sector median of 3.4×.

Question 5

Is Boston Scientific's P/B ratio high or low?

Accepted Answer

Boston Scientific's P/B ratio of 2.8× is below its own 5-year average of 4.7× and below the sector median of 3.4×. That places the current reading at the 0th 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 Boston Scientific's historical P/B ratio range?

Accepted Answer

In the available daily series, Boston Scientific (BSX) P/B ratio has ranged from a low of 0.7× in 2011 to a high of 11.1× in 2004. The 5-year average is 4.7× and the 5-year median is 4.2×.

Question 7

What was Boston Scientific's P/B ratio in 2025?

Accepted Answer

Boston Scientific (BSX) P/B ratio at the end of 2025 was 5.8×. 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 Boston Scientific'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	$141.38B	$24.23B	5.8×	-0.2×	Dec 31, 2025
2024	$131.68B	$21.77B	6.0×	+1.7×	Dec 31, 2024
2023	$84.71B	$19.28B	4.4×	+0.6×	Dec 31, 2023
2022	$66.29B	$17.57B	3.8×	+0.1×	Dec 31, 2022
2021	$60.54B	$16.62B	3.6×	+0.3×	Dec 31, 2021
2020	$51.33B	$15.33B	3.3×	-1.2×	Dec 31, 2020
2019	$63.05B	$13.88B	4.5×	-1.1×	Dec 31, 2019
2018	$48.92B	$8.72B	5.6×	+0.8×	Dec 31, 2018
2017	$34.04B	$7.01B	4.9×	+0.5×	Dec 31, 2017
2016	$29.46B	$6.73B	4.4×	+0.6×	Dec 31, 2016
2015	$23.87B	$6.32B	3.8×	+1.2×	Dec 31, 2015
2014	$17.58B	$6.84B	2.6×	+0.1×	Dec 31, 2014
2013	$15.98B	$6.54B	2.4×	+1.3×	Dec 31, 2013
2012	$7.83B	$6.87B	1.1×	+0.5×	Dec 31, 2012
2011	$7.72B	$11.35B	0.7×	-0.3×	Dec 31, 2011
2010	$11.56B	$11.30B	1.0×	-0.1×	Dec 31, 2010
2009	$13.60B	$12.30B	1.1×	+0.2×	Dec 31, 2009
2008	$11.62B	$13.17B	0.9×	-0.3×	Dec 31, 2008
2007	$17.38B	$15.10B	1.2×	-0.5×	Dec 31, 2007
2006	$25.26B	$15.30B	1.7×	-3.1×	Dec 31, 2006
2005	$20.33B	$4.28B	4.7×	-2.6×	Dec 31, 2005
2004	$29.60B	$4.03B	7.4×	-3.5×	Dec 31, 2004
2003	$31.01B	$2.86B	10.8×	+3.9×	Dec 31, 2003
2002	$17.19B	$2.47B	7.0×	+2.1×	Dec 31, 2002
2001	$9.89B	$2.02B	4.9×	—	Dec 31, 2001


Quest Diagnostics (DGX)	2.9×
Moderna (MRNA)	2.7×
Charles River (CRL)	2.6×
Regeneron Pharmaceuticals (REGN)	2.6×
Henry Schein (HSIC)	2.5×
Labcorp Holdings (LH)	2.5×
Danaher (DHR)	2.4×
UnitedHealth Group (UNH)	2.4×
Solventum (SOLV)	2.3×
Becton, Dickinson and (BDX)	1.8×
Pfizer (PFE)	1.8×
Molina Healthcare (MOH)	1.7×
Cigna (CI)	1.7×
Waters Corporation (WAT)	1.6×
Cooper Companies (COO)	1.5×
Elevance Health (ELV)	1.5×
Universal Health Services (UHS)	1.5×
Biogen (BIIB)	1.4×
Baxter International (BAX)	1.4×
Revvity (RVTY)	1.4×
Zimmer Biomet Holdings (ZBH)	1.2×
CVS Health (CVS)	1.2×
Humana (HUM)	1.1×
Viatris (VTRS)	1.1×
Centene (CNC)	0.8×

P/B Ratio for Boston Scientific (BSX)

P/B Ratio daily chart for Boston Scientific (BSX)

Historical P/B Ratio for Boston Scientific (BSX) from 2001 to 2025

About P/B Ratio at Boston Scientific (BSX)

Boston Scientific P/B Ratio by Year

Boston Scientific P/B Ratio 2025: 5.8×

Boston Scientific P/B Ratio 2024: 6.0×

Boston Scientific P/B Ratio 2023: 4.4×

Boston Scientific P/B Ratio 2022: 3.8×

Boston Scientific P/B Ratio 2021: 3.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Boston Scientific (BSX) Key Financials

P/B Ratio daily chart for Boston Scientific (BSX)

Historical P/B Ratio for Boston Scientific (BSX) from 2001 to 2025

About P/B Ratio at Boston Scientific (BSX)

Boston Scientific P/B Ratio by Year

Boston Scientific P/B Ratio 2025: 5.8×

Boston Scientific P/B Ratio 2024: 6.0×

Boston Scientific P/B Ratio 2023: 4.4×

Boston Scientific P/B Ratio 2022: 3.8×

Boston Scientific P/B Ratio 2021: 3.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Boston Scientific's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Boston Scientific?

+Is Boston Scientific's P/B ratio high or low?

+What is Boston Scientific's historical P/B ratio range?

+What was Boston Scientific's P/B ratio in 2025?

+Why does Boston Scientific's P/B ratio change over time?

Boston Scientific (BSX) Key Financials