Question 1

What is Lightwave Logic's P/B ratio?

Accepted Answer

Lightwave Logic (LWLG) P/B ratio is 17.5× 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 Lightwave Logic?

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 Lightwave Logic specifically, the relevant sector benchmark is the current sector median of 3.0×.

Question 5

Is Lightwave Logic's P/B ratio high or low?

Accepted Answer

Lightwave Logic's P/B ratio of 17.5× is below its own 5-year average of 24.4× and above the sector median of 3.0×. That places the current reading at the 49th 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 Lightwave Logic's historical P/B ratio range?

Accepted Answer

In the available daily series, Lightwave Logic (LWLG) P/B ratio has ranged from a low of 3.0× in 2025 to a high of 206.0× in 2008. The 5-year average is 24.4× and the 5-year median is 15.5×.

Question 7

What was Lightwave Logic's P/B ratio in 2025?

Accepted Answer

Lightwave Logic (LWLG) P/B ratio at the end of 2025 was 5.9×. 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 Lightwave Logic'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	$442.79M	$74.65M	5.9×	-1.8×	Dec 31, 2025
2024	$257.17M	$33.42M	7.7×	-8.3×	Dec 31, 2024
2023	$584.45M	$36.43M	16.0×	-1.6×	Dec 31, 2023
2022	$484.83M	$27.55M	17.6×	-46.0×	Dec 31, 2022
2021	$1.60B	$25.20M	63.6×	+49.0×	Dec 31, 2021
2020	$84.30M	$5.78M	14.6×	+2.3×	Dec 31, 2020
2019	$60.32M	$4.91M	12.3×	+0.9×	Dec 31, 2019
2018	$55.73M	$4.91M	11.4×	-4.7×	Dec 31, 2018
2017	$80.79M	$5.02M	16.1×	+2.8×	Dec 31, 2017
2016	$40.81M	$3.06M	13.3×	+6.1×	Dec 31, 2016
2015	$36.14M	$5.01M	7.2×	-3.8×	Dec 31, 2015
2014	$44.55M	$4.06M	11.0×	-4.2×	Dec 31, 2014
2013	$47.39M	$3.12M	15.2×	-0.8×	Dec 31, 2013
2012	$58.58M	$3.66M	16.0×	-79.3×	Dec 31, 2012
2011	$65.08M	$683.01K	95.3×	+50.8×	Dec 31, 2011
2010	$60.27M	$1.36M	44.5×	-33.7×	Dec 31, 2010
2009	$58.36M	$746.99K	78.1×	-20.2×	Dec 31, 2009
2008	$20.31M	$206.54K	98.3×	+56.2×	Dec 31, 2008
2007	$27.51M	$653.18K	42.1×	+18.2×	Dec 31, 2007
2006	$13.77M	$574.77K	24.0×	—	Dec 31, 2006


RPM International (RPM)	4.6×
Freeport-McMoRan (FCX)	4.4×
Vulcan Materials (VMC)	4.3×
Air Products and Chemicals (APD)	4.1×
Agnico Eagle Mines (AEM)	3.9×
CF Industries Holdings (CF)	3.7×
Newmont (NEM)	3.4×
Martin Marietta Materials (MLM)	3.1×
CRH (CRH)	3.0×
PPG Industries (PPG)	3.0×
Steel Dynamics (STLD)	2.8×
LyondellBasell (LYB)	2.6×
Corteva (CTVA)	2.3×
Albemarle (ALB)	2.1×
Dow (DOW)	2.0×
Weyerhaeuser (WY)	1.9×
Nucor (NUE)	1.8×
H.B. Fuller (FUL)	1.7×
Eastman Chemical (EMN)	1.4×
Avient (AVNT)	1.4×
Ashland (ASH)	1.4×
DuPont de Nemours (DD)	1.3×
International Flavors & Fragrances (IFF)	1.3×
Stepan (SCL)	1.0×
Mosaic (MOS)	0.7×

P/B Ratio for Lightwave Logic (LWLG)

P/B Ratio daily chart for Lightwave Logic (LWLG)

Historical P/B Ratio for Lightwave Logic (LWLG) from 2006 to 2025

About P/B Ratio at Lightwave Logic (LWLG)

Lightwave Logic P/B Ratio by Year

Lightwave Logic P/B Ratio 2025: 5.9×

Lightwave Logic P/B Ratio 2024: 7.7×

Lightwave Logic P/B Ratio 2023: 16.0×

Lightwave Logic P/B Ratio 2022: 17.6×

Lightwave Logic P/B Ratio 2021: 63.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Lightwave Logic (LWLG) Key Financials

P/B Ratio daily chart for Lightwave Logic (LWLG)

Historical P/B Ratio for Lightwave Logic (LWLG) from 2006 to 2025

About P/B Ratio at Lightwave Logic (LWLG)

Lightwave Logic P/B Ratio by Year

Lightwave Logic P/B Ratio 2025: 5.9×

Lightwave Logic P/B Ratio 2024: 7.7×

Lightwave Logic P/B Ratio 2023: 16.0×

Lightwave Logic P/B Ratio 2022: 17.6×

Lightwave Logic P/B Ratio 2021: 63.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Lightwave Logic'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 Lightwave Logic?

+Is Lightwave Logic's P/B ratio high or low?

+What is Lightwave Logic's historical P/B ratio range?

+What was Lightwave Logic's P/B ratio in 2025?

+Why does Lightwave Logic's P/B ratio change over time?

Lightwave Logic (LWLG) Key Financials