Biogen
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
9.357.776.295.77
Price/Sales ratio
2.132.061.961.89
Earnings per Share (EPS)
$14.82$17.84$22.03$24.01

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
27.3319.9216.7226.6713.919.429.8422.9813.2032.2413.449.42
Price/Sales ratio
8.266.565.405.514.583.862.933.253.953.804.024.02
Price/Book Value ratio
7.417.535.105.374.734.163.683.263.002.533.054.16
Price/Cash Flow ratio
27.2719.0113.6914.889.967.849.319.8229.0624.2029.599.96
Price/Free Cash Flow ratio
30.2222.9916.3226.1611.638.6610.7110.6935.2630.2931.1511.63
Price/Earnings Growth ratio
0.470.831.62-0.900.170.20-0.46-0.390.13-0.520.140.20
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
87.93%88.47%87.08%86.71%86.49%86.4%86.57%80.78%77.60%74.24%77.60%86.4%
Operating Profit Margin
40.93%45.43%44.98%43.54%43.77%48.98%33.84%25.86%22.80%21.32%28.95%48.98%
Pretax Profit Margin
40.67%44.29%43.08%41.78%43.85%49.56%37.54%15.89%35.30%13.18%35.30%49.56%
Net Profit Margin
30.24%32.95%32.34%20.68%32.93%40.95%29.75%14.16%29.94%11.80%29.94%40.95%
Effective Tax Rate
25.08%24.36%25.08%47.93%24.16%16.25%19.65%3.00%17.61%10.43%17.61%17.61%
Return on Assets
20.49%18.18%16.18%10.73%17.52%21.62%16.25%6.51%12.40%4.32%12.40%21.62%
Return On Equity
27.13%37.83%30.52%20.15%33.99%44.14%37.43%14.19%22.75%7.84%24.72%44.14%
Return on Capital Employed
32.83%28.89%26.35%26.34%26.77%31.48%21.79%14.50%10.90%8.95%13.84%31.48%
Liquidity Ratios
Current Ratio
2.102.592.552.332.311.721.84N/AN/AN/A2.992.31
Quick Ratio
1.742.252.312.062.031.551.551.512.581.262.012.01
Cash ratio
0.540.500.690.460.370.590.350.521.040.301.040.37
Days of Sales Outstanding
59.2752.2755.5468.9867.4362.7263.1865.2076.6477.9361.1762.72
Days of Inventory outstanding
250.60262.89247.23202.13186.87150.11216.06233.82215.38364.13215.38186.87
Operating Cycle
309.88315.16302.77271.11254.30212.83279.24299.02292.03442.06230.46212.83
Days of Payables Outstanding
71.4378.6869.0688.5674.4585.7591.97101.9378.7458.1078.7474.45
Cash Conversion Cycle
238.44236.47233.71182.55179.84127.08187.26197.08213.29383.9635.53127.08
Debt Ratios
Debt Ratio
0.040.330.280.250.230.210.300.300.250.250.410.23
Debt Equity Ratio
0.050.690.530.470.450.440.690.660.460.460.760.45
Long-term Debt to Capitalization
0.050.410.340.320.310.250.410.360.310.310.330.31
Total Debt to Capitalization
0.050.410.340.320.310.300.410.390.310.31N/A0.30
Interest Coverage Ratio
132.7752.5121.7422.0429.9137.5419.98N/AN/AN/A15.3637.54
Cash Flow to Debt Ratio
5.040.560.690.761.041.180.560.500.220.22N/A1.18
Company Equity Multiplier
1.322.081.881.871.942.042.302.171.831.811.832.04
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.300.340.390.370.450.490.310.330.130.150.130.49
Free Cash Flow / Operating Cash Flow Ratio
0.900.820.830.560.850.900.860.910.820.790.940.85
Cash Flow Coverage Ratio
5.040.560.690.761.041.180.560.500.220.22N/A1.18
Short Term Coverage Ratio
949.06774.18962.211.42KN/A4.73N/A3.64N/A10.31N/A4.73
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A