What is Wave Life Sciences's price / book?

Wave Life Sciences (WVE) reported price / book of 2.7× in Q1 2026.

How has Wave Life Sciences's price / book changed year-over-year?

Wave Life Sciences's price / book decreased by 63.1% year-over-year, from 7.2× to 2.7×.

What is the long-term trend for Wave Life Sciences's price / book?

Over 4 years (2020 to 2025), Wave Life Sciences's price / book has grown at a 2.2% compound annual growth rate (CAGR), from 5.6× to 6.1×.

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.

Wave Life Sciences WVE Price / book

Price / book at other companies

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26.3×-20.7×

Sarepta Therapeutics, Inc.SRPT

1.5×-3.9×

Ionis PharmaceuticalsIONS

25.2×+15.2×

Madrigal Pharmaceuticals, Inc.MDGL

22.1×+11.8×

ALN

Alnylam PharmaceuticalsALNY

40.8×-41.2×

Beam TherapeuticsBEAM

2.1×+0.4×

Other financials

Income statement

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Revenue$38.2M+317%

Operating income-$31.3M+37.2%

Net income-$26.1M+44.4%

EPS (diluted)-$0.13+55.2%

Balance sheet

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Cash & equivalents$544.6M+124%

Total debt$15.7M-33.4%

Total equity$511.7M+198%

Total assets$583.5M+102%

Cash flow

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Operating cash flow-$59.6M+5.5%

CapEx$438.0K+165%

Free cash flow-$60.0M+5.1%

Valuation

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Market cap$1.14B+13.0%

Enterprise value$615.92M-22.3%

P/S15.1×-12.2×

Profitability

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Operating margin-75.7%-33.6pp

Net margin-66.5%-29.9pp

FCF margin-27.2%-12.6pp

Returns & leverage

See full

Return on equity-53.7%—

Debt / equity0×-0.1×

Current ratio11.3×+8.3×

Where this comes from

Calculated from Wave Life Sciences’s reported figures.

market cap/total stockholders equity=2.7×

Based on the most recent quarter.

The official record: Wave Life Sciences’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wave Life Sciences's price / book?: Wave Life Sciences (WVE) reported price / book of 2.7× in Q1 2026.
How has Wave Life Sciences's price / book changed year-over-year?: Wave Life Sciences's price / book decreased by 63.1% year-over-year, from 7.2× to 2.7×.
What is the long-term trend for Wave Life Sciences's price / book?: Over 4 years (2020 to 2025), Wave Life Sciences's price / book has grown at a 2.2% compound annual growth rate (CAGR), from 5.6× to 6.1×.
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.