What is Cytokinetics's price / book?

Cytokinetics (CYTK) reported price / book of 58.5× in Q2 2024.

What does price / book mean?

How the market price compares to the company's accounting net worth.

How do you interpret price / book?

Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.

How does price / book compare across companies?

A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.

Cytokinetics CYTK Price / book

Price / book at other companies

Bristol-Myers SquibbBMY

6.2×-1.0×

Eli LillyLLY

26.3×-20.7×

Merck & Co.MRK

6.5×+1.8×

BioMarin PharmaceuticalsBMRN

1.7×-0.6×

Corcept TherapeuticsCORT

6.7×-10.9×

MedtronicMDT

2.1×-0.1×

Other financials

Income statement

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Revenue$19.4M+1,126%

Operating income-$183.6M-18.0%

Net income-$206.0M-27.7%

EPS (diluted)-$1.67-22.8%

Balance sheet

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Cash & equivalents$129.8M+76.2%

Total debt$418.2M+75.8%

Total equity-$826.6M-210%

Total assets$1.3B+0.7%

Cash flow

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Operating cash flow-$145.5M-10.5%

CapEx$5.9M+4.7%

Free cash flow-$151.4M-10.3%

Valuation

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Market cap$10.7B+70.6%

Enterprise value$10.98B+70.7%

P/S101.1×-225×

Profitability

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Operating margin-605.1%-268pp

Net margin-784%-337pp

FCF margin-518.8%-223pp

Returns & leverage

See full

Return on equity-337.6%—

Debt / equity2.2×—

Current ratio4.2×-1.8×

Where this comes from

Calculated from Cytokinetics’s reported figures.

market cap/total stockholders equity=58.5×

Based on the most recent quarter.

The official record: Cytokinetics’s 10-Q, filed August 9, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cytokinetics's price / book?: Cytokinetics (CYTK) reported price / book of 58.5× in Q2 2024.
What does price / book mean?: How the market price compares to the company's accounting net worth.
How do you interpret price / book?: Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?: A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.