INCYNEUTRAL

INCY P/E Ratio Analysis

15.2x

Updated 33h ago·SEC filings & market data

Key Takeaway

The P/E ratio of 14.7x means investors pay $14.70 for every $1 of the company's annual earnings per share.

Sector Performance

24th percentile

INCY

15.2x

Sector Median

23.1x

Sector Avg

33.7x

Prior Period

15.7x(Aug 2026)

↑ Improving

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Deep Analysis

The P/E ratio of 14.7x means investors pay $14.70 for every $1 of the company's annual earnings per share.

It sits well below the sector median of 23.2x, placing the stock at the 21st percentile among peers, so it is cheaper than most comparable companies. Over the last eight quarters the metric has shown an increasing overall trend, though the most recent quarter-over-quarter change is -17.2% (from 17.8x to 14.7x), while the year-over-year change is not available. The combination of a below-median valuation with an overall rising trend suggests the stock has become less expensive over time, and the latest sharp quarterly drop adds uncertainty to that trend. This low level plus mixed direction implies a moderate opportunity for value-seeking investors, but the recent decline warns against assuming continued improvement. The metric supports the NEUTRAL verdict: the cheap valuation offers upside, yet the negative quarterly movement tempers conviction.

Frequently Asked Questions

What does the P/E Ratio tell investors about INCY?

Measures how much investors pay per dollar of earnings. A high P/E signals growth expectations; a low P/E may indicate undervaluation or slow growth.

How is the P/E Ratio calculated?

P/E Ratio is calculated as: Price / EPS.

Who are INCY's closest peers by P/E Ratio?

The closest peers by P/E Ratio include: WELL (102.4x), IAC (104.9x), FORM (108.1x), MCHP (113.5x), MTSI (118.9x).

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The Formula

Price / EPS

Why It Matters

Measures how much investors pay per dollar of earnings. A high P/E signals growth expectations; a low P/E may indicate undervaluation or slow growth.