Shoulder InnovationsSI +2.50%12 PB Ratio is 3.45 as of Jun. 26, 2026, which is 64% above its 10-year median of 2.10. GuruFocus rates SI with a GF Score™ of 12/100. The stock has 5 warning signs investors should review. Among 788 Medical Devices & Instruments companies, Shoulder Innovations ranks worse than 68.4% on this metric.
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.
Shoulder Innovations PB Ratio Related Terms
Shoulder Innovations PB Ratio Historical Data
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The historical data trend for Shoulder Innovations'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 Devices subindustry, Shoulder Innovations'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.
Shoulder Innovations PB Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Shoulder Innovations's PB Ratio distribution charts can be found below:
* The bar in red indicates where Shoulder Innovations'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.
Shoulder Innovations (SI) has a PB Ratio of 3.45 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 Shoulder Innovations and its competitors. This is 64% above median its historical median of 2.10. Over the past decade, Shoulder Innovations' PB Ratio has ranged from 1.54 to 3.46. According to the industry distribution chart, Shoulder Innovations ranks #539 out of 788 companies in the Medical Devices & Instruments industry, placing it in the top 68.4%.
Is Shoulder Innovations' PB Ratio too high?
Shoulder Innovations' current PB Ratio of 3.45 is 64% above median its 10-year median of 2.10. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 3.46. The Medical Devices & Instruments industry median PB Ratio is 2.02. Shoulder Innovations' value of 3.45 is 70.8% above this industry median. Based on the distribution chart, Shoulder Innovations ranks #539 out of 788 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Shoulder Innovations has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Shoulder Innovations' PB Ratio compare to ELMD and MASS?
According to the Medical Devices & Instruments industry distribution chart, Shoulder Innovations ranks #539 out of 788 companies for PB Ratio. This places Shoulder Innovations in the lower half of its industry. The industry median PB Ratio is 2.02. Shoulder Innovations' value of 3.45 is 70.8% above this benchmark. Historically, Shoulder Innovations' own PB Ratio has ranged from 1.54 to 3.46 over the past decade. While the company's 10-year median is 2.10 vs. the industry median of 2.02, Shoulder Innovations 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. Shoulder Innovations's current PB Ratio of 3.45 is 70.8% 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 Shoulder Innovations 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. Shoulder Innovations's current PB Ratio is 3.45, which is 64% above median its own 10-year median of 2.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shoulder Innovations stock overvalued right now?
Shoulder Innovations (SI) has a current PB Ratio of 3.45. The current PB Ratio is 3.45, which is 64% above median its 10-year median of 2.10 and 70.8% above the Medical Devices & Instruments industry median of 2.02. Shoulder Innovations' overall GF Score™ is 12/100 with 5 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 Shoulder Innovations (SI), the current PB Ratio is 3.45 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.
Shoulder Innovations Inc is a commercial-stage medical technology company exclusively focused on transforming the shoulder surgical care market. It currently offers advanced implant systems for shoulder arthroplasty. Its products include: InSet Total Shoulder Arthroplasty; InSet Reverse Shoulder Arthroplasty; ProVoyance Shoulder Planning Software; and InSet Tray System. Geographically, the company operates in United States and are planning to expand.
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