Elanco Animal Health price to book ratio ELAN

Market value divided by the book value of the company's net assets, since 2018.

Today, Oct 23, 2026: 1.7×
8-year median: 1.6×
Against its 8-year history: 60th; percentile: 0 is its lowest day, 100 its highest
8-year range: 0.5× to 2.5×
Peer median: 9.2×

Elanco Animal Health's price to book ratio is 1.7× as of Oct 23, 2026.

That is above its 8-year median of 1.6×, close to the middle of its last 8 years.

Over that time it ranged from 0.5× in May 2023 to 2.5× in Nov 2018.

The median for 10 large drugmakers of a similar size is 9.2×.

Price to book ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	1.7×	1.5×	2.0×
2025	1.7×	0.7×	1.7×
2024	0.9×	0.9×	1.5×
2023	1.2×	0.5×	1.2×
2022	0.9×	0.8×	1.8×
2021	1.7×	1.6×	2.2×
2020	1.7×	1.1×	2.1×
2019	2.0×	1.8×	2.4×
2018	2.2×	2.1×	2.5×

Against its peers

Companies in Drug Manufacturers - General nearest Elanco Animal Health's size, closest first, today.

Company	Price to book ratio
ELANElanco Animal Health	1.7×
BMRNBiomarin Pharmaceutical	1.7×
CORTCorcept Therapeutics	13.2×
JAZZJazz Pharmaceuticals	2.9×
PTGXProtagonist Therapeutics	10.6×
TGTXTG Therapeutics	13.7×
ALKSAlkermes plc.	4.0×
AMRXAmneal Pharmaceuticals	197×
LGNDLigand Pharmaceuticals	6.3×
KNSAKiniksa Pharmaceuticals International	9.2×
INDVIndivior Pharmaceuticals	n/m
Peer median	9.2×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Elanco Animal Health

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.