Beyond AirXAIR +1.19%25 PB Ratio is 0.89 as of Jul. 05, 2026, which is 65% below its 10-year median of 2.53. GuruFocus rates XAIR with a GF Score™ of 25/100 and a GF Value™ of $6.78 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 788 Medical Devices & Instruments companies, Beyond Air ranks better than 82.74% 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 (2026-07-05), Beyond Air's share price is $0.461. Beyond Air's Book Value per Share for the quarter that ended in Mar. 2026 was $0.52. Hence, Beyond Air's PB Ratio of today is 0.89.
The historical rank and industry rank for Beyond Air's PB Ratio or its related term are showing as below:
XAIR'
s PB Ratio Range Over the Past 10 Years
Min: 0.47 Med: 2.53 Max: 12.13
Current: 0.89
During the past 12 years, Beyond Air's highest PB Ratio was 12.13. The lowest was 0.47. And the median was 2.53.
XAIR's PB Ratio is ranked better than 82.74% of 788
companies
in the Medical Devices & Instruments industry
Industry Median: 2.07
vs XAIR: 0.89
During the past 12 months, Beyond Air's average Book Value Per Share Growth Rate was -84.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -72.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -56.10% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Beyond Air was 96.60% per year. The lowest was -72.40% per year. And the median was 3.10% 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.
Beyond Air PB Ratio Related Terms
Beyond Air PB Ratio Historical Data
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The historical data trend for Beyond Air'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, Beyond Air'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.
Beyond Air PB Ratio vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Beyond Air's PB Ratio distribution charts can be found below:
* The bar in red indicates where Beyond Air'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.
Beyond Air'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.
Beyond Air (XAIR) has a PB Ratio of 0.89 as of Jul. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Beyond Air and its competitors. This is 65% below median its historical median of 2.53. Over the past decade, Beyond Air's PB Ratio has ranged from 0.47 to 12.13. According to the industry distribution chart, Beyond Air ranks #136 out of 788 companies in the Medical Devices & Instruments industry, placing it in the top 17.3%.
Is Beyond Air's PB Ratio too high?
Beyond Air's current PB Ratio of 0.89 is 65% below median its 10-year median of 2.53. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 12.13. The Medical Devices & Instruments industry median PB Ratio is 2.07. Beyond Air's value of 0.89 is 57% below this industry median. Based on the distribution chart, Beyond Air ranks #136 out of 788 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Beyond Air has a GF Score™ of 25/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Beyond Air's PB Ratio compare to VVOS and TNON?
According to the Medical Devices & Instruments industry distribution chart, Beyond Air ranks #136 out of 788 companies for PB Ratio. This places Beyond Air in the top 17% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.07. Beyond Air's value of 0.89 is 57% below this benchmark. Historically, Beyond Air's own PB Ratio has ranged from 0.47 to 12.13 over the past decade. While the company's 10-year median is 2.53 vs. the industry median of 2.07, Beyond Air has consistently been below 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 2.07, 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. Beyond Air's current PB Ratio of 0.89 is 57% 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 Beyond Air and its competitors. For the Medical Devices & Instruments industry, the median PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beyond Air's current PB Ratio is 0.89, which is 65% below median its own 10-year median of 2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beyond Air stock overvalued right now?
Based on GuruFocus' analysis, Beyond Air (XAIR) is currently considered Possible Value Trap. The stock's GF Value™ is $6.78, compared to a current price of $0.46 — trading 93.2% below its estimated fair value. The current PB Ratio is 0.89, which is 65% below median its 10-year median of 2.53 and 57% below the Medical Devices & Instruments industry median of 2.07. Beyond Air's overall GF Score™ is 25/100 with 7 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 Beyond Air (XAIR), the current PB Ratio is 0.89 as of Jul. 05, 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 Beyond Air (XAIR) Overvalued in 2026?
Based on GuruFocus' analysis, Beyond Air stock appears to be undervalued.
The current stock price of $0.46 is trading 93.2% below its estimated GF Value™ of $6.78.
GuruFocus considers Beyond Air to be Possible Value Trap.
Key valuation signals for XAIR:
PB Ratio: 0.89 (65% below median its 10-year median of 2.53)
GF Value™: $6.78 vs. price of $0.46 (93.2% below fair value)
Industry Position: 57% below the Medical Devices & Instruments median (#136 of 788)
No single metric tells the full story. See the XAIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beyond Air Inc is a commercial-stage medical device and biopharmaceutical company that develops a Nitric Oxide (NO) Generator and Delivery System that uses NO generated from ambient air and delivers precise amounts of NO to the lungs for the potential treatment of respiratory and other diseases. The firm is applying its therapeutic expertise to develop treatments for pulmonary hypertension, in addition to treatments for lower respiratory tract infections.
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