Incyte Corporation (INCY) Valuation — DCF, Graham & Comparables

Incyte Corporation (INCY) — Price $120.39 (closing price, October 30, 2026) — Healthcare — Biotechnology — NASDAQ

Latest reported results:

Valuation dashboard for Incyte Corporation (INCY) with P/E 64.04, P/B 4.34, EV/EBITDA 24.25 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Healthcare companies.

Incyte Corporation is a biopharmaceutical firm engaged in the research, development, and global marketing of its own innovative therapies. Its current product offerings include JAKAFI, prescribed for myelofibrosis and polycythemia vera; PEMAZYRE, a fibroblast growth factor receptor kinase inhibitor that targets oncogenic drivers in various liquid and solid tumor types; and ICLUSIG, a kinase inhibitor utilized for chronic myeloid leukemia and Philadelphia-chromosome positive a...

Analysis Summary

Incyte Corporation reported revenue of $5.14B in the most recent fiscal year, growing at a 5-year CAGR of 14.0%.

Trailing-twelve-month margins: gross margin 92.7%, operating margin 11.6%, net margin 6.7%.

At $120.39 (closing price, October 30, 2026), INCY trades at a P/E of 64.04 and an ROE of 7.11%. Market capitalisation stands at $24.5B, placing it among large-cap names.

Balance sheet quality for INCY: current ratio of 3.3. 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 Ratio64.04
Price / Book4.34
EV / EBITDA24.25
Dividend Yield0.00%

Valuation Models

DCF Fair Value$109.78
vs Current Price-8.8%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
INCYIncyte Corporation$24.5B64.044.347.1%
REGNRegeneron Pharmaceuticals, Inc.$95.5B20.502.8215.1%
GMABGenmab A/S$35.1B44.966.0113.6%
EXELExelixis, Inc.$17.4B20.789.3445.5%
LGNDLigand Pharmaceuticals Incorporated$6.4B144.086.705.2%
LEGNLegend Biotech Corporation$4.0B3.29-8.7%
NRIXNurix Therapeutics, Inc.$2.9B11.603.0949.3%

Price

Price$120.39 (closing price, October 30, 2026)
Market Cap$24.5B
ExchangeNASDAQ
CountryUS

Profitability

Return on Equity7.11%
Return on Invested Capital6.03%
Return on Assets5.54%
Gross Margin92.69%
Operating Margin11.61%
Net Margin6.71%

Related companies: REGN · GMAB · EXEL · LGND · LEGN · NRIX

Explore sector: Healthcare · Biotechnology

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

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