Initiator Pharma ASOSTO:INIT -1.45%24 PB Ratio is 7.18 as of Jul. 09, 2026. GuruFocus rates OSTO:INIT with a GF Score™ of 24/100. The stock has 1 warning sign investors should review. Among 1,226 Biotechnology companies, Initiator Pharma AS ranks worse than 79.28% on this metric.
The historical rank and industry rank for Initiator Pharma AS's PB Ratio or its related term are showing as below:
OSTO:INIT'
s PB Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 7.36
Current: 7.17
During the past 10 years, Initiator Pharma AS's highest PB Ratio was 7.36. The lowest was 0.00. And the median was 0.00.
OSTO:INIT's PB Ratio is ranked worse than 79.28% of 1226
companies
in the Biotechnology industry
Industry Median: 2.89
vs OSTO:INIT: 7.17
During the past 12 months, Initiator Pharma AS's average Book Value Per Share Growth Rate was 54.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -13.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -11.70% per year.
During the past 10 years, the highest 3-Year average Book Value Per Share Growth Rate of Initiator Pharma AS was 20.60% per year. The lowest was -28.40% per year. And the median was -7.70% per year.
Back to Basics: PB Ratio
Initiator Pharma AS (OSTO:INIT) PB Ratio Explanation
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.
Initiator Pharma AS PB Ratio Related Terms
Initiator Pharma AS PB Ratio Historical Data
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The historical data trend for Initiator Pharma AS'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.
OSTO:INIT vs VRTX, REGN, ALNY: PB Ratio Comparison
For the Biotechnology subindustry, Initiator Pharma AS'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.
Initiator Pharma AS PB Ratio vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Initiator Pharma AS's PB Ratio distribution charts can be found below:
* The bar in red indicates where Initiator Pharma AS'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.
* 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.
Initiator Pharma AS (OSTO:INIT) has a PB Ratio of 7.18 as of Jul. 09, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Initiator Pharma AS and its competitors. According to the industry distribution chart, Initiator Pharma AS ranks #972 out of 1226 companies in the Biotechnology industry, placing it in the top 79.3%.
Is Initiator Pharma AS's PB Ratio too high?
Initiator Pharma AS's current PB Ratio is 7.18. The Biotechnology industry median PB Ratio is 2.89. Initiator Pharma AS's value of 7.18 is 148.4% above this industry median. Based on the distribution chart, Initiator Pharma AS ranks #972 out of 1226 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Initiator Pharma AS has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Initiator Pharma AS's PB Ratio compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Initiator Pharma AS ranks #972 out of 1226 companies for PB Ratio. This places Initiator Pharma AS in the lower half of its industry. The industry median PB Ratio is 2.89. Initiator Pharma AS's value of 7.18 is 148.4% above 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 2.89, based on 1,226 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. Initiator Pharma AS's current PB Ratio of 7.18 is 148.4% 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 Initiator Pharma AS and its competitors. For the Biotechnology industry, the median PB Ratio is 2.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Initiator Pharma AS's current PB Ratio is 7.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Initiator Pharma AS stock overvalued right now?
Initiator Pharma AS (OSTO:INIT) has a current PB Ratio of 7.18. The current PB Ratio is 7.18 and 148.4% above the Biotechnology industry median of 2.89. Initiator Pharma AS's overall GF Score™ is 24/100 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 Initiator Pharma AS (OSTO:INIT), the current PB Ratio is 7.18 as of Jul. 09, 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.
Initiator Pharma AS is a Danish clinical-stage life science company developing drugs that target key unmet medical needs within the central and peripheral nervous system. Its pipeline consists of three clinical programs: IP2018 and pudafensine for the treatment of erectile dysfunction of psychogenic and organic origin, respectively.
24GF Score
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