What is Talphera, Inc.'s price / book?

Talphera, Inc. (TLPH) reported price / book of 2× in Q1 2026.

How has Talphera, Inc.'s price / book changed year-over-year?

Talphera, Inc.'s price / book increased by 34.4% year-over-year, from 1.5× to 2×.

What is the long-term trend for Talphera, Inc.'s price / book?

Over 3 years (2022 to 2025), Talphera, Inc.'s price / book has grown at a 59.2% compound annual growth rate (CAGR), from 0.8× to 3.1×.

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.

Talphera, Inc. TLPH Price / book

Price / book at other companies

Baxter InternationalBAX

1.4×-1.0×

Syndax PharmaceuticalsSNDX

49.5×+44.6×

Royalty PharmaRPRX

2.1×+0.7×

PTH

Pelthos Therapeutics Inc.PTHS

2×—

XOMA CorporationXOMA

4×+1.2×

Rigel PharmaceuticalsRIGL

1.2×-16.1×

Other financials

Income statement

See full

Revenue--100%

Gross profit-$1.9M-52.7%

Operating income-$3.9M-35.4%

Net income-$2.6M+1.4%

EPS (diluted)-$0.10+37.5%

Balance sheet

See full

Cash & equivalents$3.8M-29.0%

Total debt$3.4M-79.7%

Total equity$18.5M+230%

Total assets$30.2M+101%

Cash flow

See full

Operating cash flow-$3.4M+2.0%

CapEx-—

Free cash flow-$2.3M+42.9%

Valuation

See full

Market cap$53.46M+516%

P/S53,456.6×+53,135×

Profitability

See full

Gross margin-127.7%-136pp

Operating margin-1,451,600%-1,507,145pp

Net margin-1,425,300%-1,471,200pp

FCF margin-5,116.7%-6,779pp

Returns & leverage

See full

Return on equity-118.4%+15.4pp

Debt / equity0.2×—

Current ratio5.3×+2.2×

Where this comes from

Calculated from Talphera, Inc.’s reported figures.

market cap/total stockholders equity=2×

Based on the most recent quarter.

The official record: Talphera, Inc.’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Talphera, Inc.'s price / book?: Talphera, Inc. (TLPH) reported price / book of 2× in Q1 2026.
How has Talphera, Inc.'s price / book changed year-over-year?: Talphera, Inc.'s price / book increased by 34.4% year-over-year, from 1.5× to 2×.
What is the long-term trend for Talphera, Inc.'s price / book?: Over 3 years (2022 to 2025), Talphera, Inc.'s price / book has grown at a 59.2% compound annual growth rate (CAGR), from 0.8× to 3.1×.
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.