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Price / book at other companies

Johnson & Johnson logo
Johnson & JohnsonJNJ
7.3×+2.1×
Merck & Co. logo
Merck & Co.MRK
6.5×+1.8×
Insmed logo
InsmedINSM
50×-89.2×
ALN
Alnylam PharmaceuticalsALNY
40.8×-41.2×
Incyte logo
IncyteINCY
3.3×+0.1×
Amgen logo
AmgenAMGN
20.6×-6.3×

Other financials

Income statement

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Revenue$781.5M-1.6%
Gross profit$648.1M-7.7%
Operating income$325.8M-14.9%
Net income$274.9M-14.7%
EPS (diluted)$5.82-12.2%

Balance sheet

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Cash & equivalents$1.3B-32.6%
Total equity$5.9B-13.3%
Total assets$6.7B-13.3%

Cash flow

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Operating cash flow$463.3M+0.5%
CapEx$100.8M+34.6%
Free cash flow$362.5M-6.2%

Valuation

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Market cap$23.41B+87.7%
P/E18.2×+7.9×
P/S7.4×+3.2×

Profitability

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Gross margin86.6%-2.4pp
Operating margin45.3%-1.6pp
Net margin40.6%+0.2pp

Returns & leverage

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Return on equity20.3%+0.3pp
Debt / equity
Current ratio4.8×-0.7×

Where this comes from

Calculated from United Therapeutics’s reported figures.

Based on the most recent quarter.

The official record: United Therapeutics’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is United Therapeutics's price / book?
United Therapeutics (UTHR) reported price / book of 4.4× in Q1 2026.
How has United Therapeutics's price / book changed year-over-year?
United Therapeutics's price / book increased by 116.5% year-over-year, from 2× to 4.4×.
What is the long-term trend for United Therapeutics's price / book?
Over 4 years (2021 to 2025), United Therapeutics's price / book has grown at a 1.8% compound annual growth rate (CAGR), from 9× to 9.7×.
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.