Lantern Pharma price to book ratio LTRN

Market value divided by the book value of the company's net assets, since 2020.

Today, Oct 23, 2026: n/m; not a meaningful number
Last meaningful: 9.4×; Aug 2026
6-year median: 1.5×
6-year range: 0.6× to 13.0×
Peer median: 1.6×

Lantern Pharma's price to book ratio is not a meaningful number today: shareholders' equity was zero, negative or not reported, so price to book does not exist.

It was last meaningful in Aug 2026, at 9.4×.

On the days it had one over the last 6 years, its median was 1.5×, from 0.6× in Oct 2023 to 13.0× in Jul 2026.

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	9.4×	1.3×	13.0×
2025	4.1×	1.5×	4.4×
2024	1.4×	0.9×	2.8×
2023	1.0×	0.6×	1.2×
2022	1.1×	0.8×	1.1×
2021	1.2×	1.1×	12.1×
2020	5.5×	2.9×	5.5×

Against its peers

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

Company	Price to book ratio
LTRNLantern Pharma	n/m
ATNMActinium Pharmaceuticals	1.6×
SPROSpero Therapeutics	1.5×
LFVNLifevantage	2.2×
Peer median	1.6×

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 Lantern Pharma

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