LGNDLigand Pharmaceuticals Incorporated
Is the price fair?
Neither cheap nor expensive: nothing decisive, though rich vs its sector.
Priced for ~17% a year FCF growth. Roughly in line with its three-year revenue growth of 17% a year.
In its normal range: P/E 32.3 vs a 30.1 median over 26 quarters (+7% vs median).
Sector median 25.1× across 135 covered peers. EV/EBIT counts debt as part of the price, so a cash-rich and a borrowed company can be compared on the same footing.
Unless marked, from derived, as of Jun 30, 2026.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.
What LGND's price assumes
Ligand Pharmaceuticals Incorporated trades at 32.3× earnings against 19.8× for the median Biotechnology name, more expensive than its own group.
Trailing P/E · Biotechnology median 19.8 · 1.63× the median: the market pays up for this one
- Price / sales
- 20.8
Price / sales · today's price, trailing year to Jun 30, 2026
- Free cash flow yield
- 2.2%
Free cash flow yield · Biotechnology median 4.3%
- Growth the price implies
- +17%
Growth the price implies · The price pays for +17% free cash flow growth a year for a decade; the business has delivered +10% a year over the last three.
Details›
- Price / booktoday's price, trailing year to Jun 30, 2026
- 6.25
- EV / EBITtoday's price, trailing year to Jun 30, 2026
- 61.4
- EV / salestoday's price, trailing year to Jun 30, 2026
- 20.0
- Healthcare median P/E503 names
- 27.9
- Biotechnology median P/E242 names
- 19.8
- Free cash flow, trailing twelve months
- $131M
- Market capitalisation19.9 million shares, counted Aug 4, 2026
- $6.05B
- 3-year revenue growth
- +17%
- 3-year free cash flow growth
- +10%
| Method | Per share |
|---|---|
| Its own P/E history, lower quartile | $181.09 |
| Its own P/E history, median | $282.88 |
| Its own P/E history, upper quartile | $385.63 |
| 52-week range | $181.65 – $322.42 |
| Today | $303.51 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
What is it worth?
Today's price against what its own multiples, its cash flow and your growth assumption say it is worth.
Against its own past
Its multiples now against their own history, and how much of the price move came from earnings rather than the multiple.