LiquidiaLQDA +1.83%67 PB Ratio is 62.53 as of Jun. 26, 2026, which is 789% above its 10-year median of 7.03. GuruFocus rates LQDA with a GF Score™ of 67/100 and a GF Value™ of $218.97 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 922 Drug Manufacturers companies, Liquidia ranks worse than 99.24% 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 (2026-06-26), Liquidia's share price is $76.91. Liquidia's Book Value per Share for the quarter that ended in Mar. 2026 was $1.23. Hence, Liquidia's PB Ratio of today is 62.53.
The historical rank and industry rank for Liquidia's PB Ratio or its related term are showing as below:
LQDA'
s PB Ratio Range Over the Past 10 Years
Min: 1.51 Med: 7.03 Max: 162.99
Current: 62.53
During the past 10 years, Liquidia's highest PB Ratio was 162.99. The lowest was 1.51. And the median was 7.03.
LQDA's PB Ratio is ranked worse than 99.24% of 922
companies
in the Drug Manufacturers industry
Industry Median: 1.825
vs LQDA: 62.53
During the past 12 months, Liquidia's average Book Value Per Share Growth Rate was 111.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -28.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -19.00% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Liquidia was 4.20% per year. The lowest was -28.50% per year. And the median was -9.10% per year.
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.
Liquidia PB Ratio Related Terms
Liquidia PB Ratio Historical Data
* Premium members only.
The historical data trend for Liquidia'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 Drug Manufacturers - Specialty & Generic subindustry, Liquidia'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.
Liquidia PB Ratio vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Liquidia's PB Ratio distribution charts can be found below:
* The bar in red indicates where Liquidia'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.
Liquidia'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.
Liquidia (LQDA) has a PB Ratio of 62.53 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Liquidia and its competitors. This is 789% above median its historical median of 7.03. Over the past decade, Liquidia's PB Ratio has ranged from 1.51 to 162.99. According to the industry distribution chart, Liquidia ranks #915 out of 922 companies in the Drug Manufacturers industry, placing it in the top 99.2%.
Is Liquidia's PB Ratio too high?
Liquidia's current PB Ratio of 62.53 is 789% above median its 10-year median of 7.03. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 162.99. The Drug Manufacturers industry median PB Ratio is 1.83. Liquidia's value of 62.53 is 3326.3% above this industry median. Based on the distribution chart, Liquidia ranks #915 out of 922 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Liquidia has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Liquidia's PB Ratio compare to HIMS and LNTH?
According to the Drug Manufacturers industry distribution chart, Liquidia ranks #915 out of 922 companies for PB Ratio. This places Liquidia in the lower half of its industry. The industry median PB Ratio is 1.83. Liquidia's value of 62.53 is 3326.3% above this benchmark. Historically, Liquidia's own PB Ratio has ranged from 1.51 to 162.99 over the past decade. While the company's 10-year median is 7.03 vs. the industry median of 1.83, Liquidia 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 Drug Manufacturers company?
The median PB Ratio among Drug Manufacturers companies is 1.83, based on 922 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. Liquidia's current PB Ratio of 62.53 is 3326.3% 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 Liquidia and its competitors. For the Drug Manufacturers industry, the median PB Ratio is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liquidia's current PB Ratio is 62.53, which is 789% above median its own 10-year median of 7.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liquidia stock overvalued right now?
Based on GuruFocus' analysis, Liquidia (LQDA) is currently considered Possible Value Trap. The stock's GF Value™ is $218.97, compared to a current price of $76.91 — trading 64.9% below its estimated fair value. The current PB Ratio is 62.53, which is 789% above median its 10-year median of 7.03 and 3326.3% above the Drug Manufacturers industry median of 1.83. Liquidia's overall GF Score™ is 67/100 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 Liquidia (LQDA), the current PB Ratio is 62.53 as of Jun. 26, 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.
Is Liquidia (LQDA) Overvalued in 2026?
Based on GuruFocus' analysis, Liquidia stock appears to be undervalued.
The current stock price of $76.91 is trading 64.9% below its estimated GF Value™ of $218.97.
GuruFocus considers Liquidia to be Possible Value Trap.
Key valuation signals for LQDA:
PB Ratio: 62.53 (789% above median its 10-year median of 7.03)
GF Value™: $218.97 vs. price of $76.91 (64.9% below fair value)
Industry Position: 3326.3% above the Drug Manufacturers median (#915 of 922)
No single metric tells the full story. See the LQDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Liquidia Corp is a United States-based biopharmaceutical company focused on the development, manufacturing, and commercialization of products that address unmet patient needs, with the current focus directed towards the treatment of pulmonary hypertension (PH) and pulmonary hypertension associated with interstitial lung disease. It conducts research, development, and manufacturing of novel products by applying its proprietary PRINT technology, a particle engineering platform, to enable the precise production of uniform drug particles. Its product includes YUTREPIA (treprostinil) inhalation powder, for the treatment of pulmonary arterial hypertension. The company also conducting studies on L606, an investigational, liposomal formulation of treprostinil.
67GF Score
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