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Price / book at other companies

Eli Lilly logo
Eli LillyLLY
26.3×-20.7×
Pfizer logo
PfizerPFE
1.8×+0.2×
Arrowhead Research logo
Arrowhead ResearchARWR
14.3×+11.7×
ALN
Alnylam PharmaceuticalsALNY
40.8×-41.2×
Neurocrine Biosciences logo
Neurocrine BiosciencesNBIX
3.9×-0.5×
Roivant Sciences logo
Roivant SciencesROIV
4.4×+2.8×

Other financials

Income statement

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Revenue$246.1M+87.0%
Gross profit$243.1M+86.8%
Operating income-$117.4M+20.0%
Net income-$92.5M+37.0%
EPS (diluted)-$0.56+39.8%

Balance sheet

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Cash & equivalents$173.4M-34.4%
Total debt$691.7M+334%
Total equity$491.4M+3.3%
Total assets$3.4B+22.6%

Cash flow

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Operating cash flow-$792.8M-426%
CapEx$21.8M+73.0%
Free cash flow-$814.6M-399%

Valuation

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Market cap$12.25B+159%
Enterprise value$12.77B+175%
P/S11.6×+5.0×

Profitability

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Gross margin98.4%-0.2pp
Operating margin-33.3%-11.0pp
Net margin-30.9%-10.5pp
FCF margin-77.4%+35.3pp

Returns & leverage

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Return on equity-67.6%-20.3pp
Debt / equity1.4×+1.1×
Current ratio4.1×-5.6×

Where this comes from

Calculated from Ionis Pharmaceuticals’s reported figures.

Based on the most recent quarter.

The official record: Ionis Pharmaceuticals’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ionis Pharmaceuticals's price / book?
Ionis Pharmaceuticals (IONS) reported price / book of 25.2× in Q1 2026.
How has Ionis Pharmaceuticals's price / book changed year-over-year?
Ionis Pharmaceuticals's price / book increased by 150.4% year-over-year, from 10.1× to 25.2×.
What is the long-term trend for Ionis Pharmaceuticals's price / book?
Over 5 years (2020 to 2025), Ionis Pharmaceuticals's price / book has grown at a 19.6% compound annual growth rate (CAGR), from 10.7× to 26.2×.
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.