Question 1

What is Gilead Sciences's P/B ratio?

Accepted Answer

Gilead Sciences (GILD) P/B ratio is 6.9× 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 Gilead Sciences?

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 Gilead Sciences specifically, the relevant sector benchmark is the current sector median of 3.4×.

Question 5

Is Gilead Sciences's P/B ratio high or low?

Accepted Answer

Gilead Sciences's P/B ratio of 6.9× is above its own 5-year average of 5.2× and above the sector median of 3.4×. That places the current reading at the 76th 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 Gilead Sciences's historical P/B ratio range?

Accepted Answer

In the available daily series, Gilead Sciences (GILD) P/B ratio has ranged from a low of 3.5× in 2022 to a high of 41.4× in 2003. The 5-year average is 5.2× and the 5-year median is 4.8×.

Question 7

What was Gilead Sciences's P/B ratio in 2025?

Accepted Answer

Gilead Sciences (GILD) P/B ratio at the end of 2025 was 6.7×. 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 Gilead Sciences'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	$152.44B	$22.62B	6.7×	+0.8×	Dec 31, 2025
2024	$115.28B	$19.33B	6.0×	+1.5×	Dec 31, 2024
2023	$101.10B	$22.83B	4.4×	-0.6×	Dec 31, 2023
2022	$107.48B	$21.24B	5.1×	+0.7×	Dec 31, 2022
2021	$91.20B	$21.07B	4.3×	+0.3×	Dec 31, 2021
2020	$73.12B	$18.20B	4.0×	+0.4×	Dec 31, 2020
2019	$82.26B	$22.52B	3.7×	-0.1×	Dec 31, 2019
2018	$80.69B	$21.39B	3.8×	-0.8×	Dec 31, 2018
2017	$93.63B	$20.44B	4.6×	-0.4×	Dec 31, 2017
2016	$94.24B	$18.89B	5.0×	-2.9×	Dec 31, 2016
2015	$145.31B	$18.53B	7.8×	-1.4×	Dec 31, 2015
2014	$141.96B	$15.43B	9.2×	-0.9×	Dec 31, 2014
2013	$115.19B	$11.37B	10.1×	+4.1×	Dec 31, 2013
2012	$55.73B	$9.30B	6.0×	+1.5×	Dec 31, 2012
2011	$30.19B	$6.74B	4.5×	-0.5×	Dec 31, 2011
2010	$29.30B	$5.86B	5.0×	-1.1×	Dec 31, 2010
2009	$38.94B	$6.37B	6.1×	-4.8×	Dec 31, 2009
2008	$46.59B	$4.27B	10.9×	-1.4×	Dec 31, 2008
2007	$42.64B	$3.46B	12.3×	-4.0×	Dec 31, 2007
2006	$29.70B	$1.82B	16.4×	+8.4×	Dec 31, 2006
2005	$23.97B	$3.03B	7.9×	-0.2×	Dec 31, 2005
2004	$15.09B	$1.87B	8.1×	-3.7×	Dec 31, 2004
2003	$11.76B	$1.00B	11.7×	+0.1×	Dec 31, 2003
2002	$6.67B	$571.34M	11.7×	-2.2×	Dec 31, 2002
2001	$6.27B	$452.44M	13.9×	—	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 Gilead Sciences (GILD)

P/B Ratio daily chart for Gilead Sciences (GILD)

Historical P/B Ratio for Gilead Sciences (GILD) from 2001 to 2025

About P/B Ratio at Gilead Sciences (GILD)

Gilead Sciences P/B Ratio by Year

Gilead Sciences P/B Ratio 2025: 6.7×

Gilead Sciences P/B Ratio 2024: 6.0×

Gilead Sciences P/B Ratio 2023: 4.4×

Gilead Sciences P/B Ratio 2022: 5.1×

Gilead Sciences P/B Ratio 2021: 4.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Gilead Sciences (GILD) Key Financials

P/B Ratio daily chart for Gilead Sciences (GILD)

Historical P/B Ratio for Gilead Sciences (GILD) from 2001 to 2025

About P/B Ratio at Gilead Sciences (GILD)

Gilead Sciences P/B Ratio by Year

Gilead Sciences P/B Ratio 2025: 6.7×

Gilead Sciences P/B Ratio 2024: 6.0×

Gilead Sciences P/B Ratio 2023: 4.4×

Gilead Sciences P/B Ratio 2022: 5.1×

Gilead Sciences P/B Ratio 2021: 4.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Gilead Sciences'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 Gilead Sciences?

+Is Gilead Sciences's P/B ratio high or low?

+What is Gilead Sciences's historical P/B ratio range?

+What was Gilead Sciences's P/B ratio in 2025?

+Why does Gilead Sciences's P/B ratio change over time?

Gilead Sciences (GILD) Key Financials