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KardiganKARD -0.12%12 PB Ratio is 2.53 as of Sep. 18, 2026. GuruFocus rates KARD with a GF Score™ of 12/100. The stock has 1 warning sign investors should review. Among 1,223 Biotechnology companies, Kardigan ranks better than 54.7% 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 (2026-09-18), Kardigan's share price is $16.64. Kardigan's Book Value per Share for the quarter that ended in Jun. 2026 was $6.59. Hence, Kardigan's PB Ratio of today is 2.53.
The historical rank and industry rank for Kardigan's PB Ratio or its related term are showing as below:
KARD'
s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 2.93
Current: 2.53
During the past 2 years, Kardigan's highest PB Ratio was 2.93. The lowest was 0.00. And the median was 0.00.
KARD's PB Ratio is ranked better than 54.7% of 1223
companies
in the Biotechnology industry
Industry Median: 2.91
vs KARD: 2.53
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.
Kardigan PB Ratio Related Terms
Kardigan PB Ratio Historical Data
* Premium members only.
The historical data trend for Kardigan'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.
Kardigan PB Ratio Chart
Kardigan Annual Data
Trend
Dec24
Dec25
PB Ratio
Kardigan Quarterly Data
Mar25
Jun25
Mar26
Jun26
PB Ratio
3.62
KARD vs TSHA, VIR, GHRS: PB Ratio Comparison
For the Biotechnology subindustry, Kardigan'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.
Kardigan PB Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Kardigan's PB Ratio distribution charts can be found below:
* The bar in red indicates where Kardigan'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.
Kardigan'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.
Kardigan (KARD) has a PB Ratio of 2.53 as of Sep. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Kardigan and its competitors. According to the industry distribution chart, Kardigan ranks #554 out of 1223 companies in the Biotechnology industry, placing it in the top 45.3%.
Is Kardigan's PB Ratio too high?
Kardigan's current PB Ratio is 2.53. The Biotechnology industry median PB Ratio is 2.91. Kardigan's value of 2.53 is 13.1% below this industry median. Based on the distribution chart, Kardigan ranks #554 out of 1223 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Kardigan has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Kardigan's PB Ratio compare to TSHA and VIR?
According to the Biotechnology industry distribution chart, Kardigan ranks #554 out of 1223 companies for PB Ratio. This puts Kardigan in the upper half of its industry. The industry median PB Ratio is 2.91. Kardigan's value of 2.53 is 13.1% below this benchmark. 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 Biotechnology company?
The median PB Ratio among Biotechnology companies is 2.91, based on 1,223 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. Kardigan's current PB Ratio of 2.53 is 13.1% below 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 Kardigan and its competitors. For the Biotechnology industry, the median PB Ratio is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kardigan's current PB Ratio is 2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kardigan stock overvalued right now?
Kardigan (KARD) has a current PB Ratio of 2.53. The current PB Ratio is 2.53 and 13.1% below the Biotechnology industry median of 2.91. Kardigan'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 Kardigan (KARD), the current PB Ratio is 2.53 as of Sep. 18, 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.
Kardigan Inc is a clinical-stage therapeutics company focused on developing medicines for cardiovascular diseases. Its activities include the research and development of targeted therapies for cardiovascular conditions for which no approved treatments currently exist. The company's clinical-stage programs include Danicamtiv, Ataciguat, and Tonlamarsen, which are being developed for cardiovascular disease indications. The company operates and manages its business as a single operating and reportable segment, focused on the discovery and development of novel therapeutic products to treat cardiovascular disease.
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