FMS (Fresenius Medical Care AG) Price-to-Tangible-Book: (As of Sep. 22, 2026)

Author: Vera Yuan Vera Yuan
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FMS Fresenius Medical Care AG FMS
74 GF Score
Price $22.58
GF Value $24.05
Valuation Fairly Valued
! 3 Warning Signs
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What is Fresenius Medical Care AG Price-to-Tangible-Book?

As of today (2026-09-22), Fresenius Medical Care AG's share price is $22.575. Fresenius Medical Care AG's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was $-3.69. Hence, Fresenius Medical Care AG's Price to Tangible Book Ratio of today is .

The historical rank and industry rank for Fresenius Medical Care AG's Price-to-Tangible-Book or its related term are showing as below:

FMS's Price-to-Tangible-Book is not ranked *
in the Healthcare Providers & Services industry.
Industry Median: 2.54
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Fresenius Medical Care AG's share price is $22.575. Fresenius Medical Care AG's Book Value per Sharefor the quarter that ended in Jun. 2026 was $29.07. Hence, Fresenius Medical Care AG's P/B Ratio of today is 0.78.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Fresenius Medical Care AG Price-to-Tangible-Book Related Terms

Fresenius Medical Care AG Price-to-Tangible-Book Historical Data

* Premium members only.

The historical data trend for Fresenius Medical Care AG's Price-to-Tangible-Book 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.

Fresenius Medical Care AG Price-to-Tangible-Book Chart

Fresenius Medical Care AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Price-to-Tangible-Book
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Fresenius Medical Care AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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FMS vs HCA, THC, EHC: Price-to-Tangible-Book Comparison

For the Medical Care Facilities subindustry, Fresenius Medical Care AG's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Fresenius Medical Care AG Price-to-Tangible-Book vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Fresenius Medical Care AG's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Fresenius Medical Care AG's Price-to-Tangible-Book falls into.


FMS
74GF Score
Fresenius Medical Care AG FMS
Price-to-Tangible-Book is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fresenius Medical Care AG Price-to-Tangible-Book Calculation

Fresenius Medical Care AG's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Jun. 2026 )
=22.575/-3.688
=

* 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:

Price to Tangible Book=Market Cap/Tangible Equity
=Market Cap/(Total Stockholders Equity-Preferred Stock-Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Is Fresenius Medical Care AG (FMS) Overvalued in 2026?

Based on GuruFocus' analysis, Fresenius Medical Care AG stock appears to be undervalued. The current stock price of $22.58 is trading 6.1% below its estimated GF Value™ of $24.05. GuruFocus considers Fresenius Medical Care AG to be Fairly Valued.

Key valuation signals for FMS:

  • Price-to-Tangible-Book:
  • GF Value™: $24.05 vs. price of $22.58 (6.1% below fair value)
  • GF Score™: 74/100 with 3 warning signs

No single metric tells the full story. See the FMS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fresenius Medical Care AG Business Description

Address Else-Kroner-Strasse 1, Bad Homburg, HE, DEU, 61352
Fresenius Medical Care AG is a German healthcare company focused on kidney care and dialysis. It operates two main segments: Health Care Services, which runs a global network of dialysis clinics treating patients with end-stage renal disease and related conditions, and Health Care Products, which manufactures and sells dialysis machines, dialyzers, filters, concentrates, and related medical technology. The company also provides renal pharmaceuticals, vascular access products, and home dialysis therapies. Services generate the majority of revenue, primarily through reimbursement from public and private payers, while product sales contribute the remainder. Fresenius Medical Care operates clinics and production sites across North America, Europe, the Middle East, Africa, Asia-Pacific, and Latin America, with the United States representing its largest market. The company is headquartered in Bad Homburg, Germany, and its shares trade on the Frankfurt Stock Exchange and the New York Stock Exchange.
74GF Score

Get the complete analysis for FMS

Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$22.58
Price
$24.05
GF Value