Incyte
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
20.4816.1611.9410.62
Price/Sales ratio
4.183.773.523.38
Earnings per Share (EPS)
$4.17$5.28$7.15$8.04

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-252.102.98K180.74-61.87123.3441.99-64.1417.0552.3423.4947.9947.99
Price/Sales ratio
23.8925.8417.0312.617.178.697.115.415.253.794.818.69
Price/Book Value ratio
-149.73113.8044.9011.887.017.227.264.294.082.703.747.22
Price/Cash Flow ratio
465.50225.0861.81-208.3640.1626.40-152.2321.5818.3828.2816.8526.40
Price/Free Cash Flow ratio
-7.54K321.77102.11-94.9751.4029.66-60.7928.4619.9831.2718.3229.66
Price/Earnings Growth ratio
5.22-26.200.140.16-0.920.130.38-0.04-0.810.31-0.74-0.92
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
99.41%96.42%94.73%94.82%94.99%94.70%95.07%94.94%93.90%93.10%93.90%94.70%
Operating Profit Margin
-0.93%6.71%13.11%-15.86%6.86%18.62%-9.01%19.61%17.06%16.79%17.06%6.86%
Pretax Profit Margin
-9.49%1.00%9.71%-20.32%6.12%22.54%-8.70%19.10%15.58%22.57%15.58%6.12%
Net Profit Margin
-9.47%0.86%9.42%-20.38%5.81%20.70%-11.08%31.76%10.03%16.17%10.03%5.81%
Effective Tax Rate
0.13%13.56%2.96%-0.27%5.07%8.19%-27.33%-66.28%35.61%28.36%35.61%5.07%
Return on Assets
-5.84%0.64%6.36%-13.59%4.13%13.04%-8.30%19.22%5.83%8.81%5.83%4.13%
Return On Equity
59.39%3.81%24.84%-19.20%5.68%17.19%-11.32%25.16%7.79%11.51%8.23%5.68%
Return on Capital Employed
-0.78%29.59%34.56%-12.55%5.79%13.73%-8.25%14.46%12.53%11.19%12.37%5.79%
Liquidity Ratios
Current Ratio
3.155.013.634.004.304.833.73N/AN/AN/A3.534.83
Quick Ratio
3.151.030.814.144.445.033.673.533.353.693.355.03
Cash ratio
2.040.620.532.492.803.662.332.322.422.592.553.66
Days of Sales Outstanding
41.3455.4249.1063.2759.6652.2165.9775.3269.3373.4369.3359.66
Days of Inventory outstanding
43.4924.1225.7529.7640.3452.7299.97137.63213.2890.1374.0540.34
Operating Cycle
84.8379.5574.8693.03100.00104.94165.95212.96282.62163.5791.14104.94
Days of Payables Outstanding
2.97K407.12474.22310.77402.63267.23274.50416.05489.39156.87489.39402.63
Cash Conversion Cycle
-2.88K-327.57-399.36-217.73-302.62-162.29-108.55-203.08-206.776.69-401.80-162.29
Debt Ratios
Debt Ratio
0.830.610.390.010.000.00N/AN/AN/AN/A0.250.00
Debt Equity Ratio
-8.443.621.550.010.000.00N/AN/AN/AN/A0.330.00
Long-term Debt to Capitalization
1.130.780.600.010.00N/AN/AN/AN/AN/A0.00N/A
Total Debt to Capitalization
1.130.780.600.010.000.00N/AN/AN/AN/A0.000.00
Interest Coverage Ratio
-0.101.114.19-34.21100.72227.35-121.28N/AN/AN/A217.34100.72
Cash Flow to Debt Ratio
0.030.130.46-3.8719.281.07KN/AN/AN/AN/A29.1619.28
Company Equity Multiplier
-10.165.883.901.411.371.311.361.301.331.301.331.33
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.050.110.27-0.060.170.32-0.040.250.280.130.280.17
Free Cash Flow / Operating Cash Flow Ratio
-0.060.690.602.190.780.892.500.750.910.900.910.78
Cash Flow Coverage Ratio
0.030.130.46-3.8719.281.07KN/AN/AN/AN/A29.1619.28
Short Term Coverage Ratio
N/AN/AN/A-12.57N/A1.07KN/AN/AN/AN/A305.101.07K
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A