Nektar Therapeutics price to book ratio NKTR

Market value divided by the book value of the company's net assets, since 2011.

Today, Oct 23, 2026: 1.4×
10-year median: 3.0×
Against its 10-year history: 18th; percentile: 0 is its lowest day, 100 its highest
10-year range: 0.4× to 199×
Peer median: 2.4×

Nektar Therapeutics' price to book ratio is 1.4× as of Oct 23, 2026.

That is below its ten-year median of 3.0×, lower than on 82% of days in the last ten years.

Over that time it ranged from 0.4× in Mar 2023 to 199× in Mar 2018.

The median for 10 large drugmakers of a similar size is 2.4×.

Price to book ratio over time

median 3×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	1.4×	1.4×	29.3×
2025	10.6×	1.7×	23.3×
2024	3.6×	0.6×	5.3×
2023	0.7×	0.4×	1.4×
2022	1.0×	1.0×	2.9×
2021	3.1×	2.5×	3.9×
2020	2.6×	2.1×	3.3×
2019	2.5×	1.9×	4.5×
2018	3.3×	3.0×	199×
2017	112×	25.6×	112×
2016	38.5×	38.5×	50.4×
2015	57.6×	18.9×	58.3×
2014	41.4×	36.3×	45.3×
2013	25.7×	9.4×	27.2×
2012	8.6×	2.8×	9.8×
2011	2.8×	2.1×	4.2×

Against its peers

Companies in Drug Manufacturers - General nearest Nektar Therapeutics' size, closest first, today.

Company	Price to book ratio
NKTRNektar Therapeutics	1.4×
OMEROmeros	n/m
PCRXPacira BioSciences	2.2×
ANABAnaptysbio	138×
AMPHAmphastar Pharmaceuticals	1.4×
PAHCPhibro Animal Health	4.1×
ANIPANI Pharmaceuticals	2.8×
ABUSArbutus Biopharma	3.2×
HRMYHarmony Biosciences	2.1×
COLLCollegium Pharmaceutical	2.4×
PBHPrestige Consumer Healthcare	1.2×
Peer median	2.4×

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 Nektar Therapeutics

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