Basis: FMP quote market capitalization / revenue from four consecutive issuer fiscal quarters. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/S ratio high or low?
The P/S ratio of 20.54 is 90% above its estimated 5-year average of 10.80, near the high end of its estimated 5-year range (3.03–23.61).
As of 2026-10-06T15:12:55.338Z. 12.27% above its estimated 12-month average of 18.30.
Calculation as of: 2026-10-06T15:12:55.338Z.
Quote observation: 2026-10-06T15:10:20.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: e1d61cb526df749638d8a03bd9b53720723668f0aa6d8453294d9eed2d0ae833
Current P/S: FMP quote market capitalization / TTM revenue. Historical estimates use price and reported weighted-average shares; daily points use adjusted close × quarterly weighted-average shares / TTM revenue. Historical series through 2026-10-05.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
PS RATIO
20.54
PS RATIO AVG TTM
18.30
PS RATIO AVG 3Y
14.31
PS RATIO AVG 5Y
10.80
PS RATIO AVG 10Y
10.98
PS RATIO AVG 15Y
11.79
PS RATIO AVG 20Y
10.25
CURRENT VS TTM AVG
+12.27%
CURRENT VS 3Y AVG
+43.55%
CURRENT VS 5Y AVG
+90.20%
CURRENT VS 10Y AVG
+87.09%
CURRENT VS 15Y AVG
+74.15%
CURRENT VS 20Y AVG
+100.37%
SECTOR MEDIAN · HEALTHCARE
3.96
median of 441 covered companies
CURRENT VS SECTOR MEDIAN
+418.69%
vs the sector median at left
Ligand Pharmaceuticals Incorporated
Market Cap
$5.97B
PS Ratio
20.54
TTM Avg
18.30
3Y Avg
14.31
5Y Avg
10.80
Market Cap
$5.91B
PS Ratio
18.18
TTM Avg
6.18
3Y Avg
709.08
5Y Avg
947.88
Market Cap
$5.76B
PS Ratio
6.86
TTM Avg
6.09
3Y Avg
5.11
5Y Avg
9.97
Market Cap
$5.52B
PS Ratio
1.71
TTM Avg
1.84
3Y Avg
1.84
5Y Avg
1.84
| NAME | MARKET CAP | PS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ligand Pharmaceuticals Incorporated (LGND) | $5.97B | 20.54 | 18.30 | 14.31 | 10.80 |
| Iovance Biotherapeutics, Inc. (IOVA)vs › | $5.91B | 18.18 | 6.18 | 709.08 | 947.88 |
| GRAIL Inc. (GRAL)vs › | $6.06B | 36.67 | 19.95 | 12.77 | 12.77 |
| CG Oncology Inc. (CGON)vs › | $5.80B | 931.74 | 1844.16 | 3811.91 | 3811.91 |
| Kiniksa Pharmaceuticals International, plc (KNSA)vs › | $5.76B | 6.86 | 6.09 | 5.11 | 9.97 |
| MiniMed Group, Inc. Common Stock (MMED)vs › | $5.52B | 1.71 | 1.84 | 1.84 | 1.84 |
| Amneal Pharmaceuticals, Inc. (AMRX)vs › | $6.52B | 2.09 | 1.55 | 1.04 | 0.71 |
| Lantheus Holdings, Inc. (LNTH)vs › | $6.52B | 4.19 | 3.56 | 3.89 | 4.85 |
| Doximity, Inc. (DOCS)vs › | $5.36B | 8.18 | 10.47 | 14.75 | 18.94 |
| Hims & Hers Health, Inc. (HIMS)vs › | $6.59B | 2.56 | 3.27 | 4.26 | 4.03 |
Trailing-12-month revenue adds these four fiscal quarters. Amounts are in USD, rounded only to whole currency units.
| Fiscal period | Revenue | Source |
|---|---|---|
| Q3 FY2025Period ended 2025-09-30 | $115,461,000 | Filing link unavailableFMP normalized income statementFiling date supplied by FMP: 2025-11-07 |
| Q4 FY2025Period ended 2025-12-31 | $59,666,000 | Filing link unavailableFMP normalized income statementFiling date supplied by FMP: 2026-02-27 |
| Q1 FY2026Period ended 2026-03-31 | $51,722,000 | Filing link unavailableFMP normalized income statementFiling date supplied by FMP: 2026-05-08 |
| Q2 FY2026Period ended 2026-06-30 | $63,693,000 | Filing link unavailableFMP normalized income statementFiling date supplied by FMP: 2026-08-07 |
| TTM revenue | $290,542,000 |
Current P/S: $5,968,843,226 market capitalization ÷ $290,542,000 TTM revenue = 20.54x.
Market capitalization source: FMP quote. Quote observed 2026-10-06T15:10:20.000Z. Latest revenue period ended 2026-06-30.
Current market capitalization comes from the quote provider. EPS weighted-average shares are a separate measure.
At 20.54, P/S is above its estimated 20-year median — higher than 97% of readings in its estimated 20-year history.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
estimated 20-year low
2.01
median
8.39
estimated 20-year high
24.36
P/S Ratio
20.54
Market Cap / Trailing Twelve-Month Revenue
PS Ratio = Market Cap / Revenue (TTM)
The price-to-sales ratio compares market capitalization to trailing revenue. It is useful for valuing companies with little or no earnings.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PS RATIO |
|---|---|
| 2026-10-05 | 23.06 |
| 2026-10-02 | 22.77 |
| 2026-10-01 | 22.75 |
| 2026-09-30 | 23.48 |
| 2026-09-29 | 23.33 |
| 2026-09-28 | 23.61 |
| 2026-09-25 | 22.66 |
| 2026-09-24 | 22.48 |
| 2026-09-23 | 22.43 |
| 2026-09-22 | 22.44 |
| 2026-09-21 | 21.80 |
| 2026-09-18 | 21.31 |
| 2026-09-17 | 21.40 |
| 2026-09-16 | 20.68 |
| 2026-09-15 | 20.82 |
| 2026-09-14 | 21.09 |
| 2026-09-11 | 21.38 |
| 2026-09-10 | 21.74 |
| 2026-09-09 | 21.65 |
| 2026-09-08 | 21.71 |
| 2026-09-04 | 21.47 |
| 2026-09-03 | 21.78 |
| 2026-09-02 | 21.56 |
| 2026-09-01 | 21.37 |
| 2026-08-31 | 21.35 |
| 2026-08-28 | 21.08 |
| 2026-08-27 | 21.38 |
| 2026-08-26 | 21.63 |
| 2026-08-25 | 21.17 |
| 2026-08-24 | 21.06 |
| 2026-08-21 | 21.52 |
| 2026-08-20 | 21.60 |
| 2026-08-19 | 21.85 |
| 2026-08-18 | 21.62 |
| 2026-08-17 | 21.93 |
| 2026-08-14 | 22.14 |
| 2026-08-13 | 21.71 |
| 2026-08-12 | 22.04 |
| 2026-08-11 | 21.70 |
| 2026-08-10 | 22.22 |
| 2026-08-07 | 21.24 |
| 2026-08-06 | 21.74 |
| 2026-08-05 | 21.92 |
| 2026-08-04 | 21.79 |
| 2026-08-03 | 21.16 |
| 2026-07-31 | 20.83 |
| 2026-07-30 | 21.46 |
| 2026-07-29 | 20.86 |
| 2026-07-28 | 21.46 |
| 2026-07-27 | 21.55 |
| 2026-07-24 | 21.77 |
| 2026-07-23 | 21.89 |
| 2026-07-22 | 22.04 |
| 2026-07-21 | 22.13 |
| 2026-07-20 | 21.30 |
| 2026-07-17 | 21.98 |
| 2026-07-16 | 21.47 |
| 2026-07-15 | 21.46 |
| 2026-07-14 | 21.80 |
| 2026-07-13 | 22.40 |
| 2026-07-10 | 22.91 |
| 2026-07-09 | 23.37 |
| 2026-07-08 | 22.81 |
| 2026-07-07 | 23.14 |
| 2026-07-06 | 23.21 |
| 2026-07-02 | 23.15 |
| 2026-07-01 | 22.60 |
| 2026-06-30 | 22.90 |
| 2026-06-29 | 22.75 |
| 2026-06-26 | 21.99 |
| 2026-06-25 | 21.44 |
| 2026-06-24 | 20.64 |
| 2026-06-23 | 20.24 |
| 2026-06-22 | 18.99 |
| 2026-06-18 | 19.91 |
| 2026-06-17 | 19.06 |
| 2026-06-16 | 18.49 |
| 2026-06-15 | 18.35 |
| 2026-06-12 | 18.51 |
| 2026-06-11 | 18.44 |
| 2026-06-10 | 17.98 |
| 2026-06-09 | 17.62 |
| 2026-06-08 | 17.22 |
| 2026-06-05 | 17.17 |
| 2026-06-04 | 17.09 |
| 2026-06-03 | 16.98 |
| 2026-06-02 | 16.86 |
| 2026-06-01 | 16.65 |
| 2026-05-29 | 16.80 |
| 2026-05-28 | 17.00 |
| 2026-05-27 | 17.09 |
| 2026-05-26 | 17.05 |
| 2026-05-22 | 16.61 |
| 2026-05-21 | 16.09 |
| 2026-05-20 | 15.77 |
| 2026-05-19 | 15.05 |
| 2026-05-18 | 15.06 |
| 2026-05-15 | 15.44 |
| 2026-05-14 | 15.86 |
| 2026-05-13 | 16.02 |
| 2026-05-12 | 16.08 |
| 2026-05-11 | 15.97 |
| 2026-05-08 | 17.46 |
| 2026-05-07 | 16.58 |
| 2026-05-06 | 18.34 |
| 2026-05-05 | 18.32 |
| 2026-05-04 | 18.01 |
| 2026-05-01 | 17.93 |
| 2026-04-30 | 18.09 |
| 2026-04-29 | 17.73 |
| 2026-04-28 | 18.32 |
| 2026-04-27 | 19.06 |
| 2026-04-24 | 18.24 |
| 2026-04-23 | 18.02 |
| 2026-04-22 | 17.89 |
| 2026-04-21 | 17.87 |
| 2026-04-20 | 18.28 |
| 2026-04-17 | 18.28 |
| 2026-04-16 | 17.60 |
| 2026-04-15 | 17.75 |
| 2026-04-14 | 18.32 |
| 2026-04-13 | 16.83 |
| 2026-04-10 | 16.16 |
| 2026-04-09 | 16.21 |
| 2026-04-08 | 16.41 |
| 2026-04-07 | 16.17 |
| 2026-04-06 | 16.05 |
| 2026-04-02 | 15.74 |
| 2026-04-01 | 15.74 |
| 2026-03-31 | 15.74 |
| 2026-03-30 | 15.19 |
| 2026-03-27 | 15.41 |
| 2026-03-26 | 16.06 |
| 2026-03-25 | 16.13 |
| 2026-03-24 | 15.90 |
| 2026-03-23 | 15.80 |
| 2026-03-20 | 16.15 |
| 2026-03-19 | 16.60 |
| 2026-03-18 | 16.52 |
| 2026-03-17 | 16.64 |
| 2026-03-16 | 16.38 |
| 2026-03-13 | 16.00 |
| 2026-03-12 | 16.67 |
| 2026-03-11 | 17.44 |
| 2026-03-10 | 16.74 |
| 2026-03-09 | 16.41 |
| 2026-03-06 | 15.92 |
| 2026-03-05 | 16.26 |
| 2026-03-04 | 16.48 |
| 2026-03-03 | 16.10 |
| 2026-03-02 | 15.97 |
| 2026-02-27 | 15.92 |
| 2026-02-26 | 15.75 |
| 2026-02-25 | 15.37 |
| 2026-02-24 | 15.17 |
| 2026-02-23 | 14.74 |
| 2026-02-20 | 14.77 |
| 2026-02-19 | 14.96 |
| 2026-02-18 | 15.25 |
| 2026-02-17 | 15.05 |
| 2026-02-13 | 14.76 |
| 2026-02-12 | 14.58 |
| 2026-02-11 | 14.93 |
| 2026-02-10 | 15.01 |
| 2026-02-09 | 15.01 |
| 2026-02-06 | 15.29 |
| 2026-02-05 | 15.39 |
| 2026-02-04 | 15.92 |
| 2026-02-03 | 15.96 |
| 2026-02-02 | 15.89 |
| 2026-01-30 | 15.42 |
| 2026-01-29 | 15.67 |
| 2026-01-28 | 15.27 |
| 2026-01-27 | 15.69 |
| 2026-01-26 | 15.91 |
| 2026-01-23 | 16.15 |
| 2026-01-22 | 16.36 |
| 2026-01-21 | 16.02 |
| 2026-01-20 | 15.78 |
| 2026-01-16 | 15.49 |
| 2026-01-15 | 15.74 |
| 2026-01-14 | 15.78 |
| 2026-01-13 | 15.16 |
| 2026-01-12 | 16.60 |
| 2026-01-09 | 16.59 |
| 2026-01-08 | 16.06 |
| 2026-01-07 | 16.05 |
| 2026-01-06 | 15.74 |
| 2026-01-05 | 15.42 |
| 2026-01-02 | 15.26 |
| 2025-12-31 | 15.18 |
| 2025-12-30 | 15.27 |
| 2025-12-29 | 15.67 |
| 2025-12-26 | 15.72 |
| 2025-12-24 | 15.83 |
| 2025-12-23 | 15.85 |
| 2025-12-22 | 15.89 |
| 2025-12-19 | 16.08 |
| 2025-12-18 | 15.93 |
| 2025-12-17 | 15.62 |
| 2025-12-16 | 15.47 |
| 2025-12-15 | 15.49 |
| 2025-12-12 | 15.22 |
| 2025-12-11 | 14.70 |
| 2025-12-10 | 14.77 |
| 2025-12-09 | 14.92 |
| 2025-12-08 | 14.83 |
| 2025-12-05 | 14.84 |
| 2025-12-04 | 15.13 |
| 2025-12-03 | 15.50 |
| 2025-12-02 | 15.66 |
| 2025-12-01 | 15.81 |
| 2025-11-28 | 16.31 |
| 2025-11-26 | 16.55 |
| 2025-11-25 | 16.34 |
| 2025-11-24 | 16.61 |
| 2025-11-21 | 15.99 |
| 2025-11-20 | 15.98 |
| 2025-11-19 | 16.54 |
| 2025-11-18 | 16.62 |
| 2025-11-17 | 16.17 |
| 2025-11-14 | 16.13 |
| 2025-11-13 | 16.16 |
| 2025-11-12 | 16.51 |
| 2025-11-11 | 16.76 |
| 2025-11-10 | 16.80 |
| 2025-11-07 | 21.51 |
| 2025-11-06 | 22.12 |
| 2025-11-05 | 20.22 |
| 2025-11-04 | 20.12 |
| 2025-11-03 | 20.31 |
| 2025-10-31 | 20.32 |
| 2025-10-30 | 19.87 |
| 2025-10-29 | 19.60 |
| 2025-10-28 | 20.06 |
| 2025-10-27 | 20.18 |
| 2025-10-24 | 19.86 |
| 2025-10-23 | 19.68 |
| 2025-10-22 | 19.71 |
| 2025-10-21 | 19.83 |
| 2025-10-20 | 19.84 |
| 2025-10-17 | 19.30 |
| 2025-10-16 | 19.20 |
| 2025-10-15 | 19.47 |
| 2025-10-14 | 19.22 |
| 2025-10-13 | 19.11 |
| 2025-10-10 | 18.88 |
| 2025-10-09 | 19.37 |
| 2025-10-08 | 19.60 |
| 2025-10-07 | 19.46 |
| 2025-10-06 | 19.40 |
| 2025-10-03 | 19.23 |
| 2025-10-02 | 19.13 |
| 2025-10-01 | 19.02 |
| 2025-09-30 | 18.82 |
| 2025-09-29 | 18.39 |
| 2025-09-26 | 18.03 |
| 2025-09-25 | 17.71 |
| 2025-09-24 | 17.95 |
| 2025-09-23 | 18.13 |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.
These references are supplied through FMP. Full filing context identifiers and dimensional metadata are unavailable in the normalized feed.