Incannex Healthcare price to book ratio IXHL
Market value divided by the book value of the company's net assets, since 2024.
- Today, Oct 23, 2026
- 0.5×
- 3-year median
- 2.1×
- Against its 3-year history
- 4th
- percentile: 0 is its lowest day, 100 its highest
- 3-year range
- 0.5× to 32.9×
- Peer median
- 1.5×
Incannex Healthcare's price to book ratio is 0.5× as of Oct 23, 2026.
That is below its 3-year median of 2.1×, lower than on 96% of days in the last 3 years.
Over that time it ranged from 0.5× in Jun 2026 to 32.9× in Feb 2025.
The median for 4 large drugmakers of a similar size is 1.5×.
Price to book ratio over time
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 0.5× | 0.5× | 1.8× |
| 2025 | 1.8× | 0.7× | 32.9× |
| 2024 | 5.2× | 1.7× | 5.4× |
Against its peers
Companies in Drug Manufacturers - General nearest Incannex Healthcare's size, closest first, today.
| Company | Price to book ratio |
|---|---|
| IXHLIncannex Healthcare | 0.5× |
| ATNMActinium Pharmaceuticals | 1.6× |
| SPROSpero Therapeutics | 1.5× |
| LFVNLifevantage | 2.2× |
| NATRNatures Sunshine Products | 1.3× |
| Peer median | 1.5× |
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 Incannex Healthcare
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.