Moderna, Inc. MRNA

198.88 4.06 2.08% as of 25 Sep
Market cap
$78.8B
P/E
0.0×
Indexes indicate stock being part of an index

Moderna, Inc. (MRNA) P/B ratio

As of 25 September 2026, Moderna, Inc. (MRNA) trades at a P/B ratio of 11.7×. Over the past ten years it has ranged from 0.0× (December 2018) to 29.1× (August 2021); the current reading is higher than 85% of that period. That is above the Biotechnology industry median of 2.5× and above the Healthcare sector median of 2.5×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 1.3× (9.46%)
FY2024 1.5× (52.78%)
FY2023 3.1× (15.88%)
FY2022 3.7× (49.04%)
FY2021 7.2× (53.44%)
FY2020 15.5× 182.02%
FY2019 5.5× 580.87%
FY2018 0.8× —
FY2017 0.0× —
FY2016 0.0× —

Quarterly

Period P/B ratio Change
Jun 2026 4.1× 52.19%
Mar 2026 2.7× 104.25%
Dec 2025 1.3× 22.83%
Sep 2025 1.1× (5.20%)
30 more quarters

Against its own ten years

Low 0.0× High 29.1×
Ten-year median 3.4×
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 →

More on MRNA