Moderna (MRNA) - P/B ratio

P/B ratio as of February 2026 : 2.11

According to Moderna 's latest financial reports the company has a price-to-book ratio of 8.945.
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.

Moderna - P/B ratio (from 2018 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	1.29	-8.77%
2024-12-31	1.42	-48.24%
2023-12-31	2.74	-24.15%
2022-12-31	3.61	-50.43%
2021-12-31	7.28	-54.9%
2020-12-31	16.1	188.09%
2019-12-31	5.60	70.78%
2018-12-31	3.28
2017-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Johnson & Johnson JNJ	7.19	240.79%	🇺🇸 USA
Novartis NVS	6.78	221.24%	🇨🇭 Switzerland
Merck MRK	5.86	177.40%	🇺🇸 USA
Regulus Therapeutics RGLS	8.18	287.68%	🇺🇸 USA
Athersys ATHX	-0.0229	-101.08%	🇺🇸 USA
Alnylam Pharmaceuticals ALNY	57.3	2,612.12%	🇺🇸 USA
Arrowhead Pharmaceuticals ARWR	15.9	651.48%	🇺🇸 USA

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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