What is Ardelyx's price / book?

Ardelyx (ARDX) reported price / book of 9.9× in Q1 2026.

How has Ardelyx's price / book changed year-over-year?

Ardelyx's price / book increased by 23.0% year-over-year, from 8× to 9.9×.

What is the long-term trend for Ardelyx's price / book?

Over 5 years (2020 to 2025), Ardelyx's price / book has grown at a 8.0% compound annual growth rate (CAGR), from 5.8× to 8.5×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Ardelyx ARDX Price / book

Price / book at other companies

AmgenAMGN

20.6×-6.3×

AbbVieABBV

261×+221×

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Xeris Biopharma Holdings, Inc.XERS

76.9×—

Eton Pharmaceuticals, Inc.ETON

22×+7.8×

Neurocrine BiosciencesNBIX

3.9×-0.5×

Aurinia PharmaceuticalsAUPH

3.5×+0.3×

Other financials

Income statement

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Revenue$94.5M+27.5%

Gross profit$89.7M+45.1%

Operating income-$32.8M+9.8%

Net income-$37.6M+8.6%

EPS (diluted)-$0.15+11.8%

Balance sheet

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Cash & equivalents$31.2M+1.3%

Total debt$208.3M+34.3%

Total equity$148.6M+2.0%

Total assets$504.5M+23.0%

Cash flow

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Operating cash flow-$32.2M+16.2%

CapEx$69.0K-78.8%

Free cash flow-$32.3M+16.7%

Valuation

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Market cap$1.53B+79.5%

Enterprise value$1.71B+74.8%

P/S3.6×+1.2×

Profitability

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Gross margin92.5%+7.9pp

Operating margin-25.4%—

Net margin-13.6%—

FCF margin-40.9%—

Returns & leverage

See full

Return on equity-39.5%—

Debt / equity1.4×+0.3×

Current ratio3.5×-0.6×

Where this comes from

Calculated from Ardelyx’s reported figures.

market cap/total stockholders equity=9.9×

Based on the most recent quarter.

The official record: Ardelyx’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ardelyx's price / book?: Ardelyx (ARDX) reported price / book of 9.9× in Q1 2026.
How has Ardelyx's price / book changed year-over-year?: Ardelyx's price / book increased by 23.0% year-over-year, from 8× to 9.9×.
What is the long-term trend for Ardelyx's price / book?: Over 5 years (2020 to 2025), Ardelyx's price / book has grown at a 8.0% compound annual growth rate (CAGR), from 5.8× to 8.5×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.