Question 1

What is Edwards Lifesciences's P/B ratio?

Accepted Answer

Edwards Lifesciences (EW) P/B ratio is 4.8× 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 Edwards Lifesciences?

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 Edwards Lifesciences specifically, the relevant sector benchmark is the current sector median of 3.4×.

Question 5

Is Edwards Lifesciences's P/B ratio high or low?

Accepted Answer

Edwards Lifesciences's P/B ratio of 4.8× is below its own 5-year average of 7.7× and above the sector median of 3.4×. That places the current reading at the 28th 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 Edwards Lifesciences's historical P/B ratio range?

Accepted Answer

In the available daily series, Edwards Lifesciences (EW) P/B ratio has ranged from a low of 2.7× in 2002 to a high of 15.1× in 2021. The 5-year average is 7.7× and the 5-year median is 7.6×.

Question 7

What was Edwards Lifesciences's P/B ratio in 2025?

Accepted Answer

Edwards Lifesciences (EW) P/B ratio at the end of 2025 was 4.8×. 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 Edwards Lifesciences'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	$49.48B	$10.34B	4.8×	+0.4×	Dec 31, 2025
2024	$43.66B	$10.00B	4.4×	-2.6×	Dec 31, 2024
2023	$46.15B	$6.65B	6.9×	-0.9×	Dec 31, 2023
2022	$45.73B	$5.81B	7.9×	-6.0×	Dec 31, 2022
2021	$80.85B	$5.84B	13.9×	+1.4×	Dec 31, 2021
2020	$56.88B	$4.57B	12.4×	+0.7×	Dec 31, 2020
2019	$48.71B	$4.15B	11.7×	+1.6×	Dec 31, 2019
2018	$31.87B	$3.14B	10.1×	+2.2×	Dec 31, 2018
2017	$23.76B	$2.99B	7.9×	+0.3×	Dec 31, 2017
2016	$20.02B	$2.62B	7.6×	+0.8×	Dec 31, 2016
2015	$17.04B	$2.50B	6.8×	+0.6×	Dec 31, 2015
2014	$13.68B	$2.19B	6.2×	+1.6×	Dec 31, 2014
2013	$7.18B	$1.56B	4.6×	-2.4×	Dec 31, 2013
2012	$10.37B	$1.48B	7.0×	+1.0×	Dec 31, 2012
2011	$8.07B	$1.34B	6.0×	-1.0×	Dec 31, 2011
2010	$9.18B	$1.31B	7.0×	+2.8×	Dec 31, 2010
2009	$4.90B	$1.16B	4.2×	+0.7×	Dec 31, 2009
2008	$3.07B	$878.80M	3.5×	+0.4×	Dec 31, 2008
2007	$2.61B	$835.00M	3.1×	-0.5×	Dec 31, 2007
2006	$2.71B	$749.40M	3.6×	+0.0×	Dec 31, 2006
2005	$2.48B	$690.00M	3.6×	-0.3×	Dec 31, 2005
2004	$2.46B	$628.10M	3.9×	+1.1×	Dec 31, 2004
2003	$1.78B	$635.10M	2.8×	+0.0×	Dec 31, 2003
2002	$1.50B	$539.40M	2.8×	-0.8×	Dec 31, 2002
2001	$1.63B	$459.00M	3.6×	—	Dec 31, 2001


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Henry Schein (HSIC)	2.5×
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Solventum (SOLV)	2.3×
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Cigna (CI)	1.7×
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Universal Health Services (UHS)	1.5×
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Viatris (VTRS)	1.1×
Centene (CNC)	0.8×

P/B Ratio for Edwards Lifesciences (EW)

P/B Ratio daily chart for Edwards Lifesciences (EW)

Historical P/B Ratio for Edwards Lifesciences (EW) from 2001 to 2025

About P/B Ratio at Edwards Lifesciences (EW)

Edwards Lifesciences P/B Ratio by Year

Edwards Lifesciences P/B Ratio 2025: 4.8×

Edwards Lifesciences P/B Ratio 2024: 4.4×

Edwards Lifesciences P/B Ratio 2023: 6.9×

Edwards Lifesciences P/B Ratio 2022: 7.9×

Edwards Lifesciences P/B Ratio 2021: 13.9×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Edwards Lifesciences (EW) Key Financials

P/B Ratio daily chart for Edwards Lifesciences (EW)

Historical P/B Ratio for Edwards Lifesciences (EW) from 2001 to 2025

About P/B Ratio at Edwards Lifesciences (EW)

Edwards Lifesciences P/B Ratio by Year

Edwards Lifesciences P/B Ratio 2025: 4.8×

Edwards Lifesciences P/B Ratio 2024: 4.4×

Edwards Lifesciences P/B Ratio 2023: 6.9×

Edwards Lifesciences P/B Ratio 2022: 7.9×

Edwards Lifesciences P/B Ratio 2021: 13.9×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Edwards Lifesciences'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 Edwards Lifesciences?

+Is Edwards Lifesciences's P/B ratio high or low?

+What is Edwards Lifesciences's historical P/B ratio range?

+What was Edwards Lifesciences's P/B ratio in 2025?

+Why does Edwards Lifesciences's P/B ratio change over time?

Edwards Lifesciences (EW) Key Financials