Ligand Pharmaceuticals Incorporated (LGND) Valuation — DCF, Graham & Comparables

Ligand Pharmaceuticals Incorporated (LGND) — Price $322.75 (closing price, October 30, 2026) — Healthcare — Biotechnology — NASDAQ

Latest reported results:

Valuation dashboard for Ligand Pharmaceuticals Incorporated (LGND) with P/E 144.08, P/B 6.70, EV/EBITDA 93.2 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Healthcare companies.

Ligand Pharmaceuticals Incorporated operates as a biopharmaceutical entity, primarily engaged in sourcing and advancing technologies to empower pharmaceutical companies globally in their efforts to discover and develop novel therapeutic solutions. Its diverse portfolio of commercialized products addresses a wide range of medical conditions.

Analysis Summary

Ligand Pharmaceuticals Incorporated reported revenue of $268.1M in the most recent fiscal year, growing at a 5-year CAGR of 10.4%.

Trailing-twelve-month margins: gross margin 107.1%, operating margin 11.9%, net margin 20.3%.

At $322.75 (closing price, October 30, 2026), LGND trades at a P/E of 144.08 and an ROE of 5.22%. Market capitalisation stands at $6.4B.

Balance sheet quality for LGND: debt-to-equity ratio of 1.17, current ratio of 13.35 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 Ratio144.08
Price / Book6.70
EV / EBITDA93.2
Dividend Yield0.00%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
LGNDLigand Pharmaceuticals Incorporated$6.4B144.086.705.2%
AMGNAmgen Inc.$251.9B28.9621.5389.3%
INCYIncyte Corporation$24.4B64.044.347.1%
GMABGenmab A/S$35.1B44.966.0113.6%
EXELExelixis, Inc.$17.4B20.789.3445.5%
BCRXBioCryst Pharmaceuticals, Inc.$2.2B101.6%
ABBVAbbVie Inc.$521.1B83.08-223.7%
PFEPfizer Inc.$174.0B40.332.044.9%

Price

Price$322.75 (closing price, October 30, 2026)
Market Cap$6.4B
ExchangeNASDAQ
CountryUS

Profitability

Return on Equity5.22%
Return on Invested Capital2.29%
Return on Assets2.30%
Gross Margin107.11%
Operating Margin11.91%
Net Margin20.27%

Related companies: AMGN · INCY · GMAB · EXEL · BCRX · ABBV · PFE · BMY

Explore sector: Healthcare · Biotechnology

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

Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method · Companies that pass the Lynch method · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks