Natera (NTRA) Price to Book (2015 - 2026)
Natera's (NTRA) Price to Book was 21.40 for Q2 2026, up 15.4% from 18.54 a year earlier and up 33.0% from the prior quarter.
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Analysis
Natera (NTRA) Price to Book (2015 - 2026) Analysis & Trends
For FY2025, Price to Book at Natera was 18.69, up 6.4% from FY2024.
- Price to Book has increased for three consecutive years.
- By year, Price to Book came in at 17.57 in FY2024 (+79.5%), 9.79 in FY2023 (+54.6%), 6.33 in FY2022 (-53.4%) and 13.60 in FY2021 (-22.9%).
- The Q2 2026 figure ranks as the highest quarterly Price to Book since Q2 2021.
- Year over year, Price to Book has now increased in each of the last three quarters, with growth averaging 37.1% over the last eight quarters.
- The high point for year-over-year Price to Book in five years was Q3 2024 (growth of 167.3%); the low point was Q2 2022 (a decline of 77.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 16.09 (Q1 2026), 18.69 (Q4 2025) and 17.68 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | HCA Healthcare | 92.33 Bn | 91.77 Bn | - |
| 2 | Natera | 58.66 Bn | 54.34 Bn | 485.19 Mn |
| 3 | Quest Diagnostics | 25.51 Bn | 23.94 Bn | 1.03 Bn |
| 4 | Labcorp Holdings | 24.64 Bn | 22.41 Bn | 1.11 Bn |
| 5 | Guardant Health | 23.35 Bn | 19.41 Bn | 219.03 Mn |
| 6 | Tenet Healthcare | 20.47 Bn | 11.62 Bn | - |
| 7 | Tempus AI | 13.40 Bn | 10.43 Bn | 246.50 Mn |
| 8 | Encompass Health | 11.75 Bn | 12.21 Bn | - |
| 9 | BrightSpring Health Services | 11.31 Bn | 9.65 Bn | 492.75 Mn |
| 10 | Davita | 11.28 Bn | 10.04 Bn | 1.16 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 21.40 |
| Mar 31, 2026 | 16.09 |
| Dec 31, 2025 | 18.69 |
| Sep 30, 2025 | 17.68 |
| Jun 30, 2025 | 18.54 |
| Mar 31, 2025 | 15.51 |
| Dec 31, 2024 | 17.57 |
| Sep 30, 2024 | 17.94 |
| Jun 30, 2024 | 15.97 |
| Mar 31, 2024 | 14.08 |
| Dec 31, 2023 | 9.79 |
| Sep 30, 2023 | 6.71 |
| Jun 30, 2023 | 9.31 |
| Mar 31, 2023 | 9.67 |
| Dec 31, 2022 | 6.33 |
| Sep 30, 2022 | 11.79 |
| Jun 30, 2022 | 7.72 |
| Mar 31, 2022 | 7.22 |
| Dec 31, 2021 | 13.60 |
| Sep 30, 2021 | 13.88 |
API Access
Natera Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=NTRA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "NTRA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=NTRA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();