Question 1

What is Tango Therapeutics's P/B ratio?

Accepted Answer

Tango Therapeutics (TNGX) P/B ratio is 11.3× 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 Tango Therapeutics?

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 Tango Therapeutics specifically, the relevant sector benchmark is the current sector median of 3.4×.

Question 5

Is Tango Therapeutics's P/B ratio high or low?

Accepted Answer

Tango Therapeutics's P/B ratio of 11.3× is above its own 5-year average of 3.8× and above the sector median of 3.4×. That places the current reading at the 92th 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 Tango Therapeutics's historical P/B ratio range?

Accepted Answer

In the available daily series, Tango Therapeutics (TNGX) P/B ratio has ranged from a low of 0.6× in 2025 to a high of 27.6× in 2021. The 5-year average is 3.8× and the 5-year median is 2.9×.

Question 7

What was Tango Therapeutics's P/B ratio in 2025?

Accepted Answer

Tango Therapeutics (TNGX) P/B ratio at the end of 2025 was 3.0×. 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 Tango Therapeutics'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	$1.03B	$346.18M	3.0×	+1.3×	Dec 31, 2025
2024	$335.83M	$199.52M	1.7×	-2.1×	Dec 31, 2024
2023	$948.45M	$253.11M	3.7×	+1.2×	Dec 31, 2023
2022	$637.79M	$249.48M	2.6×	-0.2×	Dec 31, 2022
2021	$957.99M	$344.75M	2.8×	-23.1×	Dec 31, 2021
2020	$1.00B	$38.60M	25.9×	—	Dec 31, 2020


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×
Teladoc Health (TDOC)	0.7×

P/B Ratio for Tango Therapeutics (TNGX)

P/B Ratio daily chart for Tango Therapeutics (TNGX)

Historical P/B Ratio for Tango Therapeutics (TNGX) from 2020 to 2025

About P/B Ratio at Tango Therapeutics (TNGX)

Tango Therapeutics P/B Ratio by Year

Tango Therapeutics P/B Ratio 2025: 3.0×

Tango Therapeutics P/B Ratio 2024: 1.7×

Tango Therapeutics P/B Ratio 2023: 3.7×

Tango Therapeutics P/B Ratio 2022: 2.6×

Tango Therapeutics P/B Ratio 2021: 2.8×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Tango Therapeutics (TNGX) Key Financials

P/B Ratio daily chart for Tango Therapeutics (TNGX)

Historical P/B Ratio for Tango Therapeutics (TNGX) from 2020 to 2025

About P/B Ratio at Tango Therapeutics (TNGX)

Tango Therapeutics P/B Ratio by Year

Tango Therapeutics P/B Ratio 2025: 3.0×

Tango Therapeutics P/B Ratio 2024: 1.7×

Tango Therapeutics P/B Ratio 2023: 3.7×

Tango Therapeutics P/B Ratio 2022: 2.6×

Tango Therapeutics P/B Ratio 2021: 2.8×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Tango Therapeutics'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 Tango Therapeutics?

+Is Tango Therapeutics's P/B ratio high or low?

+What is Tango Therapeutics's historical P/B ratio range?

+What was Tango Therapeutics's P/B ratio in 2025?

+Why does Tango Therapeutics's P/B ratio change over time?

Tango Therapeutics (TNGX) Key Financials