Harmony Biosciences Holdings, Inc.

HRMY Healthcare Biotechnology

Harmony Biosciences Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $868.5 million, up 21.5% from fiscal 2024.

Revenue
+12.3%
EPS
−6.24%
Free cash flow
−29.4%
Total debt
−11.5%

Quarter to September 2026, against a year earlier

33.04 0.57 +1.76%
Market cap
$1.9B
P/E
10.7×
Fwd P/E
9.9×
Dividend yield
—
F-score
5/9
Altman Z
5.23
Beneish M
−2.99
Dividend safety
n/a

Harmony Biosciences Holdings, Inc. (HRMY) P/B ratio

Alert me on P/B ratio

As of 6 November 2026, Harmony Biosciences Holdings, Inc. (HRMY) trades at a P/B ratio of 1.8×. Over the past ten years it has ranged from 0.0× (September 2020) to 17.6× (June 2021); the current reading is higher than 3% of that period. That is below the Biotechnology industry median of 2.1× and below the Healthcare sector median of 2.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.5× (16.75%)
FY2024 3.0× (24.26%)
FY2023 3.9× (49.60%)
FY2022 7.8× (40.86%)
FY2021 13.2× 37.20%
FY2020 9.6× —
FY2019 0.0× —

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.1× 1.31%
Jun 2026 2.1× 18.66%
Mar 2026 1.8× (28.04%)
Dec 2025 2.5× 30.17%
23 more quarters

Against its own ten years

Low 0.0× High 17.6×
Ten-year median 4.1×
Current reading's percentile 1

P/B ratio against peers

Company P/B ratio
SRPT Sarepta Therapeutics, Inc. compare 1.2×
HRMY Harmony Biosciences Holdings, Inc. 1.8×
MESO Mesoblast Limited compare 1.9×
VIR Vir Biotechnology, Inc. compare 2.3×
FTRE Fortrea Holdings Inc. compare 3.9×
MAZE Maze Therapeutics, Inc. compare 4.5×
TRVI Trevi Therapeutics, Inc. compare 6.9×
REPL Replimune Group, Inc. compare 11.2×
TRAX First Tracks Biotherapeutics, Inc. compare 11.3×
Biotechnology industry median 2.1×
Healthcare sector median 2.3×
Market median 1.7×

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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