CarlsmedCARL +1.05%12 PB Ratio is 3.55 as of Jul. 13, 2026, which is 9% above its 10-year median of 3.27. GuruFocus rates CARL with a GF Score™ of 12/100. The stock has 1 warning sign investors should review. Among 607 Healthcare Providers & Services companies, Carlsmed ranks worse than 72.16% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-13), Carlsmed's share price is $12.025. Carlsmed's Book Value per Share for the quarter that ended in Mar. 2026 was $3.39. Hence, Carlsmed's PB Ratio of today is 3.55.
The historical rank and industry rank for Carlsmed's PB Ratio or its related term are showing as below:
CARL'
s PB Ratio Range Over the Past 10 Years
Min: 2.61 Med: 3.27 Max: 4.07
Current: 3.55
During the past 3 years, Carlsmed's highest PB Ratio was 4.07. The lowest was 2.61. And the median was 3.27.
CARL's PB Ratio is ranked worse than 72.16% of 607
companies
in the Healthcare Providers & Services industry
Industry Median: 2.03
vs CARL: 3.55
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Carlsmed PB Ratio Related Terms
Carlsmed PB Ratio Historical Data
* Premium members only.
The historical data trend for Carlsmed's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Health Information Services subindustry, Carlsmed's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Carlsmed PB Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Carlsmed's PB Ratio distribution charts can be found below:
* The bar in red indicates where Carlsmed's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Carlsmed's PB Ratio for today is calculated as follows:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Carlsmed (CARL) has a PB Ratio of 3.55 as of Jul. 13, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Carlsmed and its competitors. This is near median its historical median of 3.27. Over the past decade, Carlsmed's PB Ratio has ranged from 2.61 to 4.07. According to the industry distribution chart, Carlsmed ranks #438 out of 607 companies in the Healthcare Providers & Services industry, placing it in the top 72.2%.
Is Carlsmed's PB Ratio too high?
Carlsmed's current PB Ratio of 3.55 is near median its 10-year median of 3.27. Over the past 10 years, this metric has ranged from a low of 2.61 to a high of 4.07. The Healthcare Providers & Services industry median PB Ratio is 2.03. Carlsmed's value of 3.55 is 74.9% above this industry median. Based on the distribution chart, Carlsmed ranks #438 out of 607 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Carlsmed has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Carlsmed's PB Ratio compare to SLP and TBRG?
According to the Healthcare Providers & Services industry distribution chart, Carlsmed ranks #438 out of 607 companies for PB Ratio. This places Carlsmed in the lower half of its industry. The industry median PB Ratio is 2.03. Carlsmed's value of 3.55 is 74.9% above this benchmark. Historically, Carlsmed's own PB Ratio has ranged from 2.61 to 4.07 over the past decade. While the company's 10-year median is 3.27 vs. the industry median of 2.03, Carlsmed has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Healthcare Providers & Services company?
The median PB Ratio among Healthcare Providers & Services companies is 2.03, based on 607 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carlsmed's current PB Ratio of 3.55 is 74.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Carlsmed and its competitors. For the Healthcare Providers & Services industry, the median PB Ratio is 2.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlsmed's current PB Ratio is 3.55, which is near median its own 10-year median of 3.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlsmed stock overvalued right now?
Carlsmed (CARL) has a current PB Ratio of 3.55. The current PB Ratio is 3.55, which is near median its 10-year median of 3.27 and 74.9% above the Healthcare Providers & Services industry median of 2.03. Carlsmed's overall GF Score™ is 12/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Carlsmed (CARL), the current PB Ratio is 3.55 as of Jul. 13, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Carlsmed Inc is a commercial-stage medical technology company focused on developing AI-enabled personalized solutions for spine surgery. The company operates as a single operating and reportable segment engaged in the design, manufacture, and marketing of its Aprevo technology platform, which provides customized surgical planning and implants for lumbar and cervical spine fusion procedures, mainly sold to hospitals and ambulatory surgical centers.
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