Harmony Biosciences Holdings, Inc. (HRMY) Valuation — DCF, Graham & Comparables

Harmony Biosciences Holdings, Inc. (HRMY) — Price $37.02 (closing price, November 3, 2026) — Healthcare — Biotechnology — NASDAQ

Latest reported results:

Valuation dashboard for Harmony Biosciences Holdings, Inc. (HRMY) with P/E 12.02, P/B 2.14, EV/EBITDA 6.4 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Healthcare companies.

Harmony Biosciences Holdings, Inc. is a commercial-stage pharmaceutical firm dedicated to developing and marketing therapies for individuals in the United States who suffer from rare neurological conditions. Their flagship product, WAKIX, is a prescription medication designed to treat excessive daytime sleepiness in adult patients diagnosed with narcolepsy. The company, which was founded in 2017, was formerly known as Harmony Biosciences II, Inc.

Analysis Summary

Harmony Biosciences Holdings, Inc. reported revenue of $868.5M in the most recent fiscal year, growing at a 5-year CAGR of 40.3%.

Trailing-twelve-month margins: gross margin 75.4%, operating margin 24.0%, net margin 18.9%.

At $37.02 (closing price, November 3, 2026), HRMY trades at a P/E of 12.02 and an ROE of 20.06%. Market capitalisation stands at $2.2B.

Balance sheet quality for HRMY: debt-to-equity ratio of 0.15, current ratio of 3.48 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

P/E Ratio12.02
Price / Book2.14
EV / EBITDA6.4
Dividend Yield0.00%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
HRMYHarmony Biosciences Holdings, Inc.$2.2B12.022.1420.1%
VRTXVertex Pharmaceuticals Incorporated$134.5B34.156.4420.1%
0QZU.LVertex Pharmaceuticals Incorporated$134.0B30.256.5723.3%
REGNRegeneron Pharmaceuticals, Inc.$100.2B21.512.9215.1%
MRNAModerna, Inc.$91.2B12.93-39.2%
0R2M.LRegeneron Pharmaceuticals, Inc.$86.5B19.222.6213.8%
ARGXargenx SE$56.7B42.516.7416.9%
0QNO.LLonza Group AGCHF 43.8B5.43-1.3%

Price

Price$37.02 (closing price, November 3, 2026)
Market Cap$2.2B
ExchangeNASDAQ
CountryUS

Profitability

Return on Equity20.06%
Return on Invested Capital14.96%
Return on Assets13.20%
Gross Margin75.42%
Operating Margin24.03%
Net Margin18.88%

Related companies: VRTX · 0QZU.L · REGN · MRNA · 0R2M.L · ARGX · 0QNO.L · RVMD

Explore sector: Healthcare · Biotechnology

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

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