Moderna (MRNA) - P/B ratio

P/B ratio as of January 2026 : 1.71

According to Moderna 's latest financial reports the company has a price-to-book ratio of 7.2257.
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	1.31	-7.77%
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
Regulus Therapeutics RGLS	8.18	379.92%	🇺🇸 USA
Merck MRK	5.30	210.74%	🇺🇸 USA
Athersys ATHX	-0.0229	-101.34%	🇺🇸 USA
Alnylam Pharmaceuticals ALNY	205	11,910.78%	🇺🇸 USA
Novartis NVS	6.23	265.22%	🇨🇭 Switzerland
Arrowhead Pharmaceuticals ARWR	18.0	957.78%	🇺🇸 USA
Johnson & Johnson JNJ	6.61	287.62%	🇺🇸 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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