Relay Therapeutics, Inc. (RLAY) Valuation — DCF, Graham & Comparables

Relay Therapeutics, Inc. (RLAY) — Price $18.35 (closing price, October 30, 2026) — Healthcare — Biotechnology — NASDAQ

Latest reported results:

Valuation dashboard for Relay Therapeutics, Inc. (RLAY) with P/E N/A, P/B 4.18, EV/EBITDA -13.85 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Healthcare companies.

Relay Therapeutics, Inc. is a precision medicine company currently engaged in clinical trials. Its central mission involves revolutionizing the drug discovery process, with a particular focus on enhancing the creation of small molecule therapies for specific types of cancer and genetic conditions.

Analysis Summary

Relay Therapeutics, Inc. reported revenue of $15.4M in the most recent fiscal year, growing at a 5-year CAGR of -28.6%.

Trailing-twelve-month margins: gross margin -5.7%, operating margin -30.0%, net margin -27.6%.

At $18.35 (closing price, October 30, 2026), RLAY has negative trailing earnings (P/E not meaningful) and an ROE of -42.27%. Market capitalisation stands at $4.0B.

Balance sheet quality for RLAY: current ratio of 22.6. 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 / Book4.18
EV / EBITDA-13.85
Dividend Yield0.00%

Valuation Models

DCF Fair Value$-0.70
vs Current Price-103.8%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
RLAYRelay Therapeutics, Inc.$4.0B4.18-42.3%
RVMDRevolution Medicines, Inc.$41.0B15.48-96.4%
KYMRKymera Therapeutics, Inc.$10.8B7.85-22.4%
ERASErasca, Inc.$5.0B12.35-80.4%
IDYAIDEAYA Biosciences, Inc.$3.1B2.45-16.5%
TNGXTango Therapeutics, Inc.$3.8B3.32-25.7%
NRIXNurix Therapeutics, Inc.$2.9B11.603.0949.3%

Price

Price$18.35 (closing price, October 30, 2026)
Market Cap$4.0B
ExchangeNASDAQ
CountryUS

Profitability

Return on Equity-42.27%
Return on Invested Capital-33.72%
Return on Assets-29.57%
Gross Margin-566.59%
Operating Margin-2,999.38%
Net Margin-2,763.64%

Related companies: RVMD · KYMR · ERAS · IDYA · TNGX · NRIX

Explore sector: Healthcare · Biotechnology

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

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