MedlineMDLN +2.79%16 PB Ratio is 2.91 as of Jun. 27, 2026, which is 12% below its 10-year median of 3.32. GuruFocus rates MDLN with a GF Score™ of 16/100. The stock has 3 warning signs investors should review. Among 788 Medical Devices & Instruments companies, Medline ranks worse than 62.18% 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 (2026-06-27), Medline's share price is $38.82. Medline's Book Value per Share for the quarter that ended in Mar. 2026 was $13.32. Hence, Medline's PB Ratio of today is 2.91.
The historical rank and industry rank for Medline's PB Ratio or its related term are showing as below:
MDLN'
s PB Ratio Range Over the Past 10 Years
Min: 2.52 Med: 3.32 Max: 277.55
Current: 2.91
During the past 4 years, Medline's highest PB Ratio was 277.55. The lowest was 2.52. And the median was 3.32.
MDLN's PB Ratio is ranked worse than 62.18% of 788
companies
in the Medical Devices & Instruments industry
Industry Median: 2.02
vs MDLN: 2.91
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.
Medline PB Ratio Related Terms
Medline PB Ratio Historical Data
* Premium members only.
The historical data trend for Medline'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 Medical Instruments & Supplies subindustry, Medline'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.
Medline PB Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Medline's PB Ratio distribution charts can be found below:
* The bar in red indicates where Medline'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.
Medline'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.
Medline (MDLN) has a PB Ratio of 2.91 as of Jun. 27, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Medline and its competitors. This is 12% below median its historical median of 3.32. Over the past decade, Medline's PB Ratio has ranged from 2.52 to 277.55. According to the industry distribution chart, Medline ranks #490 out of 788 companies in the Medical Devices & Instruments industry, placing it in the top 62.2%.
Is Medline's PB Ratio too high?
Medline's current PB Ratio of 2.91 is 12% below median its 10-year median of 3.32. Over the past 10 years, this metric has ranged from a low of 2.52 to a high of 277.55. The Medical Devices & Instruments industry median PB Ratio is 2.02. Medline's value of 2.91 is 44.1% above this industry median. Based on the distribution chart, Medline ranks #490 out of 788 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Medline has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Medline's PB Ratio compare to RMD and WST?
According to the Medical Devices & Instruments industry distribution chart, Medline ranks #490 out of 788 companies for PB Ratio. This places Medline in the lower half of its industry. The industry median PB Ratio is 2.02. Medline's value of 2.91 is 44.1% above this benchmark. Historically, Medline's own PB Ratio has ranged from 2.52 to 277.55 over the past decade. While the company's 10-year median is 3.32 vs. the industry median of 2.02, Medline 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 Medical Devices & Instruments company?
The median PB Ratio among Medical Devices & Instruments companies is 2.02, based on 788 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. Medline's current PB Ratio of 2.91 is 44.1% 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 Medline and its competitors. For the Medical Devices & Instruments 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. Medline's current PB Ratio is 2.91, which is 12% below median its own 10-year median of 3.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medline stock overvalued right now?
Medline (MDLN) has a current PB Ratio of 2.91. The current PB Ratio is 2.91, which is 12% below median its 10-year median of 3.32 and 44.1% above the Medical Devices & Instruments industry median of 2.02. Medline's overall GF Score™ is 16/100 with 3 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 Medline (MDLN), the current PB Ratio is 2.91 as of Jun. 27, 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.
Medline is the largest provider of medical-surgical products and supply chain solutions in the US. The company generates over 90% of its revenue domestically and serves some of the largest US health systems. Medline offers approximately 190,000 Medline-branded products across more than 250 product families—including front-line care, surgical solutions, and laboratory and diagnostics—as well as roughly 150,000 third-party products sourced from over 1,250 vendors. The company maintains prime vendor relationships with many customers, acting as the primary consolidated logistics partner for their medical-surgical needs. Medline has significant scale, supported by more than 30 manufacturing facilities and a fleet of over 2,000 owned delivery trucks. Medline went public in December 2025.
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