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Moderna MRNA Price / book

Price / book at other companies

Pfizer logo
PfizerPFE
1.8×+0.2×
Novavax logo
NovavaxNVAX
27.9×
ALN
Alnylam PharmaceuticalsALNY
29.7×-139×
Ultragenyx Pharmaceutical logo
Ultragenyx PharmaceuticalRARE
316.5×+303×
Roivant Sciences logo
Roivant SciencesROIV
4.4×+2.8×
Vaxcyte, Inc. logo
Vaxcyte, Inc.PCVX
2.8×+1.3×

Other financials

Income statement

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Revenue$145.0M+2.1%
Gross profit$52.0M+126%
Operating income-$815.0M+10.1%
Net income-$782.0M+5.2%
EPS (diluted)-$1.97+7.5%

Balance sheet

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Cash & equivalents$1.7B+34.5%
Total debt$1.2B+60.8%
Total equity$6.8B-28.1%
Total assets$11.0B-8.7%

Cash flow

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Operating cash flow-$526.0M+42.8%
CapEx$37.0M+1,133%
Free cash flow-$563.0M+38.9%

Valuation

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Market cap$21.75B+102%
Enterprise value$21.26B+108%
P/S9.8×+6.3×

Profitability

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Gross margin23.4%-29.1pp
Operating margin-149%+99.9pp
Net margin-141.4%+141pp
FCF margin-132.4%

Returns & leverage

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Return on equity-39%+28.0pp
Debt / equity0.2×+0.1×
Current ratio2.3×-1.6×

Where this comes from

Calculated from Moderna’s reported figures.

Based on the most recent quarter.

The source filing: Moderna’s 8-K, filed July 31, 2026. Open the filing →

Filed
Jul 31, 2026, 7:03 AM EDT
Accession
0001682852-26-000147

FAQ

What is Moderna's price / book?
Moderna (MRNA) reported price / book of 4.1× in Q2 2026.
How has Moderna's price / book changed year-over-year?
Moderna's price / book increased by 272.7% year-over-year, from 1.1× to 4.1×.
What is the long-term trend for Moderna's price / book?
Over 5 years (2020 to 2025), Moderna's price / book has grown at a -39.6% compound annual growth rate (CAGR), from 16.5× to 1.3×.
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.

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