Illumina, Inc. ILMN

270.00 (3.90) (1.42%) as of 25 Sep
Market cap
$41.3B
P/E
50.4×
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Illumina, Inc. (ILMN) P/B ratio

As of 25 September 2026, Illumina, Inc. (ILMN) trades at a P/B ratio of 14.5×. Over the past ten years it has ranged from 2.4× (November 2023) to 19.0× (June 2015); the current reading is higher than 92% of that period. That is above the Diagnostics & Research industry median of 3.1× and above the Healthcare sector median of 2.5×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 7.5× (16.62%)
FY2024 9.0× 143.21%
FY2023 3.7× (20.81%)
FY2022 4.6× (10.06%)
FY2021 5.2× (54.14%)
FY2020 11.3× 9.61%
FY2019 10.3× (7.81%)
FY2018 11.2× (3.63%)
FY2017 11.6× 40.12%
FY2016 8.3× (43.60%)

Quarterly

Period P/B ratio Change
Jun 2026 9.4× 32.75%
Mar 2026 7.0× (5.61%)
Dec 2025 7.5× 22.34%
Sep 2025 6.1× (8.01%)
42 more quarters

Against its own ten years

Low 2.4× High 19.0×
Ten-year median 10.0×
Current reading's percentile 92

P/B ratio against peers

Company P/B ratio
GH Guardant Health, Inc. compare n/m
WAT Waters Corporation compare 2.8×
DGX Quest Diagnostics Incorporated compare 3.4×
A Agilent Technologies, Inc. compare 6.6×
IQV IQVIA Holdings Inc. compare 7.1×
ILMN Illumina, Inc. 14.5×
IDXX IDEXX Laboratories, Inc. compare 25.4×
NTRA Natera, Inc. compare 32.5×
MTD Mettler-Toledo International, Inc. compare 2,372×
Diagnostics & Research industry median 3.1×
Healthcare sector median 2.5×
Market median 1.8×

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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