Question 1

What is Kodiak Sciences's P/B ratio?

Accepted Answer

Kodiak Sciences (KOD) P/B ratio is 18.8× as of June 12, 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 Kodiak 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 Kodiak Sciences specifically, the relevant sector benchmark is the current sector median of 3.4×.

Question 5

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

Accepted Answer

Kodiak Sciences's P/B ratio of 18.8× is above its own 5-year average of 4.3× and above the sector median of 3.4×. That places the current reading at the 91th 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 Kodiak Sciences's historical P/B ratio range?

Accepted Answer

In the available daily series, Kodiak Sciences (KOD) P/B ratio has ranged from a low of 0.2× in 2023 to a high of 88.7× in 2026. The 5-year average is 4.3× and the 5-year median is 1.0×.

Question 7

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

Accepted Answer

Kodiak Sciences (KOD) P/B ratio at the end of 2025 was 9.5×. 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 Kodiak 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	$1.49B	$157.38M	9.5×	+6.0×	Dec 31, 2025
2024	$523.87M	$150.29M	3.5×	+2.9×	Dec 31, 2024
2023	$159.55M	$265.78M	0.6×	-0.3×	Dec 31, 2023
2022	$374.59M	$436.17M	0.9×	-0.5×	Dec 31, 2022
2021	$881.73M	$663.32M	1.3×	-0.3×	Dec 31, 2021
2020	$1.41B	$860.75M	1.6×	-0.0×	Dec 31, 2020
2019	$568.72M	$345.36M	1.6×	+1.1×	Dec 31, 2019
2018	$51.65M	$86.83M	0.6×	—	Dec 31, 2018
2017	$53.91M	−$68.74M	—	—	Dec 31, 2017


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Humana (HUM)	1.1×
Viatris (VTRS)	1.1×
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Teladoc Health (TDOC)	0.7×

P/B Ratio for Kodiak Sciences (KOD)

P/B Ratio daily chart for Kodiak Sciences (KOD)

Historical P/B Ratio for Kodiak Sciences (KOD) from 2017 to 2025

About P/B Ratio at Kodiak Sciences (KOD)

Kodiak Sciences P/B Ratio by Year

Kodiak Sciences P/B Ratio 2025: 9.5×

Kodiak Sciences P/B Ratio 2024: 3.5×

Kodiak Sciences P/B Ratio 2023: 0.6×

Kodiak Sciences P/B Ratio 2022: 0.9×

Kodiak Sciences P/B Ratio 2021: 1.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Kodiak Sciences (KOD) Key Financials

P/B Ratio daily chart for Kodiak Sciences (KOD)

Historical P/B Ratio for Kodiak Sciences (KOD) from 2017 to 2025

About P/B Ratio at Kodiak Sciences (KOD)

Kodiak Sciences P/B Ratio by Year

Kodiak Sciences P/B Ratio 2025: 9.5×

Kodiak Sciences P/B Ratio 2024: 3.5×

Kodiak Sciences P/B Ratio 2023: 0.6×

Kodiak Sciences P/B Ratio 2022: 0.9×

Kodiak Sciences P/B Ratio 2021: 1.3×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Kodiak 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 Kodiak Sciences?

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

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

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

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

Kodiak Sciences (KOD) Key Financials