Question 1

What is Equillium's P/B ratio?

Accepted Answer

Equillium (EQ) P/B ratio is 4.0× as of July 27, 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 Equillium?

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 Equillium specifically, the relevant sector benchmark is the current sector median of 3.2×.

Question 5

Is Equillium's P/B ratio high or low?

Accepted Answer

Equillium's P/B ratio of 4.0× is above its own 5-year average of 1.9× and above the sector median of 3.2×. That places the current reading at the 88th 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 Equillium's historical P/B ratio range?

Accepted Answer

In the available daily series, Equillium (EQ) P/B ratio has ranged from a low of 0.5× in 2023 to a high of 38.1× in 2018. The 5-year average is 1.9× and the 5-year median is 1.7×.

Question 7

What was Equillium's P/B ratio in 2025?

Accepted Answer

Equillium (EQ) P/B ratio at the end of 2025 was 5.0×. 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 Equillium'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	$142M	$28.6M	5.0×	+3.6×	Dec 31, 2025
2024	$26.5M	$19.1M	1.4×	+0.3×	Dec 31, 2024
2023	$25.4M	$22.6M	1.1×	-0.0×	Dec 31, 2023
2022	$36.4M	$31.9M	1.1×	-0.5×	Dec 31, 2022
2021	$111M	$66.5M	1.7×	-0.2×	Dec 31, 2021
2020	$132M	$69.9M	1.9×	+0.5×	Dec 31, 2020
2019	$58.8M	$41.8M	1.4×	-0.6×	Dec 31, 2019
2018	$132M	$64.9M	2.0×	—	Dec 31, 2018


Charles River (CRL)	2.6×
Danaher (DHR)	2.6×
Spruce Biosciences (SPRB)	2.6×
Regeneron Pharmaceuticals (REGN)	2.6×
Henry Schein (HSIC)	2.5×
Labcorp Holdings (LH)	2.5×
Solventum (SOLV)	2.3×
Medtronic (MDT)	2.2×
Elevance Health (ELV)	1.9×
Becton, Dickinson and (BDX)	1.8×
Pfizer (PFE)	1.8×
Cigna (CI)	1.7×
Waters Corporation (WAT)	1.6×
Cooper Companies (COO)	1.5×
Universal Health Services (UHS)	1.5×
Biogen (BIIB)	1.4×
Baxter International (BAX)	1.4×
Zimmer Biomet Holdings (ZBH)	1.4×
Revvity (RVTY)	1.4×
CVS Health (CVS)	1.2×
Humana (HUM)	1.1×
Viatris (VTRS)	1.1×
Ovid Therapeutics (OVID)	0.8×
Centene (CNC)	0.8×
Teladoc Health (TDOC)	0.7×

P/B Ratio for Equillium (EQ) 2018-2026

P/B Ratio daily chart for Equillium (EQ)

Historical P/B Ratio for Equillium (EQ) from 2018 to 2025

About P/B Ratio at Equillium (EQ)

Equillium P/B Ratio by Year

Equillium P/B Ratio 2025: 5.0×

Equillium P/B Ratio 2024: 1.4×

Equillium P/B Ratio 2023: 1.1×

Equillium P/B Ratio 2022: 1.1×

Equillium P/B Ratio 2021: 1.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Equillium (EQ) Key Financials