Arcutis Biotherapeutics, Inc.

ARQT Healthcare Biotechnology

Arcutis Biotherapeutics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $376.1 million, up 91.3% from fiscal 2024.

Revenue
+45.1%
EPS
+12.0%
Free cash flow
+1,171.9%
Total debt
+0.83%

Quarter to September 2026, against a year earlier

25.55 1.45 −5.37%
Market cap
$3.4B
P/E
112×
Fwd P/E
81.2×
Dividend yield
—
F-score
4/9
Altman Z
6.98
Beneish M
−1.52
Dividend safety
n/a

Arcutis Biotherapeutics, Inc. (ARQT) P/B ratio

Alert me on P/B ratio

As of 6 November 2026, Arcutis Biotherapeutics, Inc. (ARQT) trades at a P/B ratio of 13.7×. Over the past ten years it has ranged from 0.0× (March 2020) to 25.2× (December 2025); the current reading is higher than 82% of that period. That is above the Biotechnology industry median of 2.0× and above the Healthcare sector median of 2.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 19.5× 82.32%
FY2024 10.7× 298.93%
FY2023 2.7× (30.87%)
FY2022 3.9× —

Quarterly newest first

Period P/B ratio Change
Sep 2026 14.2× (8.52%)
Jun 2026 15.5× (3.46%)
Mar 2026 16.1× (17.59%)
Dec 2025 19.5× 28.13%
13 more quarters

Against its own ten years

Low 0.0× High 25.2×
Ten-year median 5.0×
Current reading's percentile 85

P/B ratio against peers

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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