Denali Therapeutics Inc. (DNLI) Valuation — DCF, Graham & Comparables

Denali Therapeutics Inc. (DNLI) — Price $18.86 (closing price, November 2, 2026) — Healthcare — Biotechnology — NASDAQ

Latest reported results:

Valuation dashboard for Denali Therapeutics Inc. (DNLI) with P/E N/A, P/B 4.23, EV/EBITDA -5.7 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Healthcare companies.

Denali Therapeutics Inc. is a biopharmaceutical firm, founded in 2013 and based in South San Francisco, California, which focuses on identifying and advancing treatments for neurodegenerative conditions within the United States. The company, initially known as SPR Pharma Inc. until its renaming in March 2015, possesses a robust development pipeline.

Analysis Summary

Trailing-twelve-month margins: gross margin -61.0%, operating margin -150.6%, net margin -141.9%.

At $18.86 (closing price, November 2, 2026), DNLI has negative trailing earnings (P/E not meaningful) and an ROE of -55.27%. Market capitalisation stands at $3.0B.

Balance sheet quality for DNLI: debt-to-equity ratio of 0.03, current ratio of 8.37 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

Price / Book4.23
EV / EBITDA-5.7
Dividend Yield0.00%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
DNLIDenali Therapeutics Inc.$3.0B4.23-55.3%
NBIXNeurocrine Biosciences, Inc.$14.8B21.573.8119.7%
IONSIonis Pharmaceuticals, Inc.$6.9B15.51-110.8%
PRAXPraxis Precision Medicines, Inc.$7.6B5.95-34.1%
AMLXAmylyx Pharmaceuticals, Inc.$3.5B13.04-52.9%
BHVNBiohaven Ltd.$2.3B-22.7%

Price

Price$18.86 (closing price, November 2, 2026)
Market Cap$3.0B
ExchangeNASDAQ
CountryUS

Profitability

Return on Equity-55.27%
Return on Invested Capital-50.82%
Return on Assets-44.17%
Gross Margin-61.04%
Operating Margin-15,058.19%
Net Margin-14,191.20%

Related companies: NBIX · IONS · PRAX · AMLX · BHVN

Explore sector: Healthcare · Biotechnology

More sections of DNLI: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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