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Hinge HealthHNGE +0.70%12 PB Ratio is 60.69 as of Jul. 21, 2026, which is 189% above its 10-year median of 20.97. GuruFocus rates HNGE with a GF Score™ of 12/100. The stock has 6 warning signs investors should review. Among 608 Healthcare Providers & Services companies, Hinge Health ranks worse than 99.34% 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 (2026-07-21), Hinge Health's share price is $87.70. Hinge Health's Book Value per Share for the quarter that ended in Mar. 2026 was $1.45. Hence, Hinge Health's PB Ratio of today is 60.69.
Warning Sign:
Hinge Health Inc stock PB Ratio (=60.27) is close to 2-year high of 61.45.
The historical rank and industry rank for Hinge Health's PB Ratio or its related term are showing as below:
HNGE'
s PB Ratio Range Over the Past 10 Years
Min: 13.81 Med: 20.97 Max: 61.45
Current: 60.48
During the past 3 years, Hinge Health's highest PB Ratio was 61.45. The lowest was 13.81. And the median was 20.97.
HNGE's PB Ratio is ranked worse than 99.34% of 608
companies
in the Healthcare Providers & Services industry
Industry Median: 2.015
vs HNGE: 60.48
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.
Hinge Health PB Ratio Related Terms
Hinge Health PB Ratio Historical Data
* Premium members only.
The historical data trend for Hinge Health'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, Hinge Health'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.
Hinge Health PB Ratio vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Hinge Health's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hinge Health'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.
Hinge Health'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.
Hinge Health (HNGE) has a PB Ratio of 60.69 as of Jul. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hinge Health and its competitors. This is 189% above median its historical median of 20.97. Over the past decade, Hinge Health's PB Ratio has ranged from 13.81 to 61.45. According to the industry distribution chart, Hinge Health ranks #604 out of 608 companies in the Healthcare Providers & Services industry, placing it in the top 99.3%.
Is Hinge Health's PB Ratio too high?
Hinge Health's current PB Ratio of 60.69 is 189% above median its 10-year median of 20.97. Over the past 10 years, this metric has ranged from a low of 13.81 to a high of 61.45. The Healthcare Providers & Services industry median PB Ratio is 2.02. Hinge Health's value of 60.69 is 2911.9% above this industry median. Based on the distribution chart, Hinge Health ranks #604 out of 608 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Hinge Health has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Hinge Health's PB Ratio compare to HQY and TXG?
According to the Healthcare Providers & Services industry distribution chart, Hinge Health ranks #604 out of 608 companies for PB Ratio. This places Hinge Health in the lower half of its industry. The industry median PB Ratio is 2.02. Hinge Health's value of 60.69 is 2911.9% above this benchmark. Historically, Hinge Health's own PB Ratio has ranged from 13.81 to 61.45 over the past decade. While the company's 10-year median is 20.97 vs. the industry median of 2.02, Hinge Health 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 2.02, based on 608 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. Hinge Health's current PB Ratio of 60.69 is 2911.9% 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 Hinge Health and its competitors. For the Healthcare Providers & Services industry, the median PB Ratio is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hinge Health's current PB Ratio is 60.69, which is 189% above median its own 10-year median of 20.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hinge Health stock overvalued right now?
Hinge Health (HNGE) has a current PB Ratio of 60.69. The current PB Ratio is 60.69, which is 189% above median its 10-year median of 20.97 and 2911.9% above the Healthcare Providers & Services industry median of 2.02. Hinge Health's overall GF Score™ is 12/100 with 6 warning signs 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 Hinge Health (HNGE), the current PB Ratio is 60.69 as of Jul. 21, 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.
Hinge Health Inc is a technology platform for individuals seeking to treat and prevent joint and muscle pain. Through a combination of AI-powered motion tracking technology, the Company's platform helps members address chronic musculoskeletal (MSK) conditions, enables improved member outcomes and supports cost reductions for its clients.
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