argenx SE
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
197.2364.2336.4830.02
Price/Sales ratio
14.5511.268.227.09
Earnings per Share (EPS)
$3.33$10.22$18.00$21.88

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-11.41-19.87-18.29-38.70-39.54-30.30-16.77-43.81-29.03-73.71-29.24-39.54
Price/Sales ratio
31.3444.4026.5729.84122.6870.76243.6435.9650.1517.7350.5170.76
Price/Book Value ratio
2.358.166.173.154.894.696.507.057.325.307.374.89
Price/Cash Flow ratio
-22.48-21.8936.89-29.73-48.9536.69-25.62-29.47-23.87-51.74-4.20K36.69
Price/Free Cash Flow ratio
-21.71-21.4640.15-29.45-48.3353.19-25.29-24.56-21.31-46.85-4.16K53.19
Price/Earnings Growth ratio
-0.050.54-1.49-2.42-0.73-0.24-0.080.98-0.451.210.43-0.73
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%-151.78%-577.67%-2.56%92.83%90.39%92.83%92.83%
Operating Profit Margin
-286.02%-227.67%-145.55%-62.97%-381.01%-255.87%-1146.92%-70.13%-175.20%-34.66%-175.37%-381.01%
Pretax Profit Margin
-274.60%-223.40%-145.27%-75.46%-306.52%-226.72%-1444.44%-80.38%-177.55%-24.83%-177.55%-306.52%
Net Profit Margin
-274.60%-223.40%-145.27%-77.10%-310.21%-233.53%-1452.08%-82.10%-172.75%-24.06%-172.75%-310.21%
Effective Tax Rate
2.86%1.41%-0.08%-2.17%-1.20%-3.00%-0.52%-2.13%2.70%3.10%2.70%-1.20%
Return on Assets
-17.62%-33.31%-20.20%-7.56%-11.52%-11.36%-28.47%-14.32%-22.63%-6.49%-22.63%-11.36%
Return On Equity
-20.59%-41.07%-33.72%-8.13%-12.37%-15.50%-38.76%-16.11%-25.21%-7.20%-25.18%-15.50%
Return on Capital Employed
-21.45%-41.86%-33.79%-6.64%-15.20%-14.02%-26.27%-13.68%-25.41%-10.31%-25.43%-14.02%
Liquidity Ratios
Current Ratio
N/AN/AN/A14.1314.298.586.26N/AN/AN/A9.178.58
Quick Ratio
6.795.082.4014.1314.2914.296.188.078.429.018.1714.29
Cash ratio
3.814.082.127.357.012.073.704.432.644.842.642.07
Days of Sales Outstanding
63.2172.2152.9130.0754.15105.591.9124.00246.39148.60246.3954.15
Days of Inventory outstanding
N/AN/AN/AN/AN/A-1.89K30.3578.052.83K961.942.83K2.83K
Operating Cycle
N/AN/AN/AN/AN/A-1.79K32.27102.063.07K1.11K2.89K2.89K
Days of Payables Outstanding
N/AN/AN/AN/AN/A121.72248.04149.452.34K760.622.34K2.34K
Cash Conversion Cycle
N/AN/AN/AN/AN/A-1.91K-215.77-47.39737.90349.92-1.39K-1.91K
Debt Ratios
Debt Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.10N/A
Debt Equity Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.11N/A
Long-term Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.00N/A
Total Debt to Capitalization
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.00N/A
Interest Coverage Ratio
N/AN/AN/AN/AN/A-1.44K-297.25N/AN/AN/A-184.41-1.44K
Cash Flow to Debt Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-0.39N/A
Company Equity Multiplier
1.161.231.661.071.071.361.361.121.111.101.111.07
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-1.39-2.020.72-1.00-2.501.92-9.50-1.22-2.10-0.34-0.01-2.50
Free Cash Flow / Operating Cash Flow Ratio
1.031.020.911.001.010.681.011.201.121.101.000.68
Cash Flow Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-0.39N/A
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-1.44N/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A