Question 1

What is Teladoc Health's P/B ratio?

Accepted Answer

Teladoc Health (TDOC) P/B ratio is 1.0× 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 Teladoc Health?

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 Teladoc Health specifically, the relevant sector benchmark is the current sector median of 3.4×.

Question 5

Is Teladoc Health's P/B ratio high or low?

Accepted Answer

Teladoc Health's P/B ratio of 1.0× is below its own 5-year average of 1.2× and below the sector median of 3.4×. That places the current reading at the 54th 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 Teladoc Health's historical P/B ratio range?

Accepted Answer

In the available daily series, Teladoc Health (TDOC) P/B ratio has ranged from a low of 0.3× in 2022 to a high of 16.8× in 2015. The 5-year average is 1.2× and the 5-year median is 1.1×.

Question 7

What was Teladoc Health's P/B ratio in 2025?

Accepted Answer

Teladoc Health (TDOC) P/B ratio at the end of 2025 was 0.9×. 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 Teladoc Health'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	$1.23B	$1.39B	0.9×	-0.2×	Dec 31, 2025
2024	$1.57B	$1.49B	1.1×	-0.5×	Dec 31, 2024
2023	$3.58B	$2.33B	1.5×	-0.1×	Dec 31, 2023
2022	$3.84B	$2.31B	1.7×	+0.7×	Dec 31, 2022
2021	$14.69B	$16.05B	0.9×	-0.7×	Dec 31, 2021
2020	$25.65B	$15.88B	1.6×	-4.4×	Dec 31, 2020
2019	$6.08B	$1.01B	6.0×	+2.6×	Dec 31, 2019
2018	$3.48B	$1.01B	3.4×	-0.2×	Dec 31, 2018
2017	$2.03B	$558.90M	3.6×	-0.1×	Dec 31, 2017
2016	$861.18M	$230.87M	3.7×	-0.1×	Dec 31, 2016
2015	$690.75M	$178.56M	3.9×	-6.0×	Dec 31, 2015
2014	$524.64M	$53.23M	9.9×	—	Dec 31, 2014


Charles River (CRL)	2.6×
Spruce Biosciences (SPRB)	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×
Ovid Therapeutics (OVID)	0.8×
Centene (CNC)	0.8×

P/B Ratio for Teladoc Health (TDOC)

P/B Ratio daily chart for Teladoc Health (TDOC)

Historical P/B Ratio for Teladoc Health (TDOC) from 2014 to 2025

About P/B Ratio at Teladoc Health (TDOC)

Teladoc Health P/B Ratio by Year

Teladoc Health P/B Ratio 2025: 0.9×

Teladoc Health P/B Ratio 2024: 1.1×

Teladoc Health P/B Ratio 2023: 1.5×

Teladoc Health P/B Ratio 2022: 1.7×

Teladoc Health P/B Ratio 2021: 0.9×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Teladoc Health (TDOC) Key Financials

P/B Ratio daily chart for Teladoc Health (TDOC)

Historical P/B Ratio for Teladoc Health (TDOC) from 2014 to 2025

About P/B Ratio at Teladoc Health (TDOC)

Teladoc Health P/B Ratio by Year

Teladoc Health P/B Ratio 2025: 0.9×

Teladoc Health P/B Ratio 2024: 1.1×

Teladoc Health P/B Ratio 2023: 1.5×

Teladoc Health P/B Ratio 2022: 1.7×

Teladoc Health P/B Ratio 2021: 0.9×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Teladoc Health'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 Teladoc Health?

+Is Teladoc Health's P/B ratio high or low?

+What is Teladoc Health's historical P/B ratio range?

+What was Teladoc Health's P/B ratio in 2025?

+Why does Teladoc Health's P/B ratio change over time?

Teladoc Health (TDOC) Key Financials