Adagene (ADAG) - P/B ratio

P/B ratio as of December 2025 : 2.28

According to Adagene's latest financial reports the company has a price-to-book ratio of 835.726.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Adagene - P/B ratio (from 2021 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	2.18	26.68%
2024-12-31	1.72	43.13%
2023-12-31	1.20	73.28%
2022-12-31	0.6924	-69.24%
2021-12-31	2.25
2020-12-31	N/A
2019-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Novocure NVCR	4.40	93.38%	Jersey
Novavax NVAX	-7.06	-410.24%	🇺🇸 USA
Organovo ONVO	0.3500	-84.62%	🇺🇸 USA
Orchard Therapeutics ORTX	4.74	108.18%	🇬🇧 UK

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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