INCY Incyte PE ratio, current and historical analysis

As of Jul 24, 2025, the Incyte stock's PE ratio is 243.07. This results from the current EPS of $0.29 and stock price of $70.49. The P/E ratio has decreased by 18% from the past four quarters average of 297.2.

INCY PE ratio history

How has INCY's PE ratio performed in the past

The PE ratio of Incyte has averaged 200.05 over the last ten years. The current PE ratio of 243.07 is 22% above the historical average. In the past ten years, INCY's PE ratio was at its highest in the Dec 2015 quarter at 2,711.25, when the stock price was $108.45 and the EPS was $0.04. The lowest value was in the Sep 2022 quarter, when it reached 16.83 with a price of $66.64 and an EPS of $3.96.

Today
243.07
Average
200.05
Median
52.5
Minimum
16.83
Maximum
2,711.25

Incyte PE ratio history chart

Incyte PE ratio by year

Maximum annual increase: 1,735.42% in 2024

Maximum annual decrease: -93.28% in 2016

YearPE ratioPE changePriceEPS
2024431.691,735.42%$69.07$0.16
202323.52-55.2%$62.79$2.67
202252.5207.56%$80.32$1.53
202117.07N/A$73.4$4.3
2020N/AN/A$86.98-$1.36
201941.98-65.67%$87.32$2.08
2018122.29N/A$63.59$0.52
2017N/AN/A$94.71-$1.53
2016182.31-93.28%$100.27$0.55
20152,711.25N/A$108.45$0.04
2014N/AN/A$73.11-$0.29
2013N/AN/A$50.63-$0.56
2012N/AN/A$16.61-$0.34
2011N/AN/A$15.01-$1.49
2010N/AN/A$16.56-$0.26

INCY Price vs fair value

How does INCY's price compare to its estimated fair value based on its growth

INCY average PE ratio chart

What is the average PE ratio of INCY for the past years

Currently, INCY's PE ratio is greater than its 3, 5 and 10-year historical averages.

3-year avg
128.8
5-year avg
93.56
10-year avg
200.05
15-year avg
246.08

PE vs average

INCY PE vs peers

What is INCY's PE ratio compared to its peers

INCY's PE ratio is higher than its peer stocks LLY and NVS. Incyte's current PE ratio of 243.07 is comparable to the average of its peer group, which is 32.11.

Stock namePE ratioMarket cap
NVS Novartis AG17$227.39B
PFE Pfizer Inc18.24$144.12B
AMGN Amgen Inc27.92$165.91B
LLY ELI LILLY & Co65.27$763.33B
INCY Incyte Corp 243.07$13.64B
LGND Ligand Pharmaceuticals IncN/A$2.56B
ARDX Ardelyx Inc N/A$1.04B
GERN Geron Corp N/A$815.25M
Stock:
INCY
AMGN
LGND
PFE
LLY
ARDX
GERN
NVS
X axis
Y axis
Bubble size
Created with Highcharts 9.0.1EPS growth YoY (quarterly)Price to earnings (P/E)INCYINCYAMGNAMGNPFEPFELLYLLYNVSNVS-10001002003004005006007008009001K1.1K1.2K1.3K1.4K1.5K1.6K
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Frequently asked questions

What is Incyte's PE ratio?

INCY stock has a price to earnings ratio of 243.07 as of Jul 24, 2025.

What is the 3-year average PE ratio for Incyte (INCY)?

As an average over the last 3 years, INCY stock has a PE ratio of 128.8.

What is the 5-year average PE ratio for Incyte (INCY)?

As an average over the last 5 years, INCY stock has a PE ratio of 93.56.

What is the highest PE ratio for INCY?

Over the last ten years, the quarterly PE ratio reached a historic high of 2,711.25 in the Dec 2015 quarter.

How does the current PE ratio for INCY compare to its historical average?

INCY's price to earnings ratio is currently 22% above its 10-year historical average.

Why is Incyte's PE ratio so high?

INCY's PE ratio is high because its earnings per share (EPS) is low relative to its stock price.

How is INCY's PE ratio calculated (Incyte PE ratio formula)?

You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jul 24, 2025), Incyte's stock price is $70.49. The earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $0.29. Therefore, Incyte's P/E ratio for today is 243.07. PE RATIO(243.07) = STOCK PRICE($70.49) / TTM EPS($0.29)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.