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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

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far0.5×0.5×1.8×
20251.8×0.7×32.9×
20245.2×1.7×5.4×

Against its peers

Companies in Drug Manufacturers - General nearest Incannex Healthcare's size, closest first, today.

CompanyPrice to book ratio
IXHLIncannex Healthcare0.5×
ATNMActinium Pharmaceuticals1.6×
SPROSpero Therapeutics1.5×
LFVNLifevantage2.2×
NATRNatures Sunshine Products1.3×
Peer median1.5×

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.