Liquidia price to book ratio LQDA

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

Today, Oct 23, 2026: 19.6×
8-year median: 7.4×
Against its 8-year history: 77th; percentile: 0 is its lowest day, 100 its highest
8-year range: 1.5× to 170×
Peer median: 4.0×

Liquidia's price to book ratio is 19.6× as of Oct 23, 2026.

That is above its 8-year median of 7.4×, higher than on 77% of days in the last 8 years.

Over that time it ranged from 1.5× in Mar 2021 to 170× in Feb 2026.

The median for 10 large drugmakers of a similar size is 4.0×.

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	19.6×	12.6×	170×
2025	136×	9.3×	164×
2024	8.9×	7.5×	26.9×
2023	16.3×	3.9×	16.3×
2022	4.3×	3.1×	6.7×
2021	3.5×	1.5×	3.6×
2020	1.7×	1.6×	24.7×
2019	4.7×	2.1×	16.7×
2018	12.4×	10.6×	12.4×

Against its peers

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

Company	Price to book ratio
LQDALiquidia	19.6×
ARQTArcutis Biotherapeutics	17.8×
OGNOrganon	3.6×
INDVIndivior Pharmaceuticals	n/m
NRIXNurix Therapeutics	2.9×
KNSAKiniksa Pharmaceuticals International	9.2×
LGNDLigand Pharmaceuticals	6.3×
PBHPrestige Consumer Healthcare	1.2×
AMRXAmneal Pharmaceuticals	197×
HRMYHarmony Biosciences	2.1×
ALKSAlkermes plc.	4.0×
Peer median	4.0×

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 Liquidia

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