As of Nov 13, 2026, LGND's PEG ratio of 7.93 reflects its valuation relative to its growth. This value reflects a P/E ratio of 116.52 measured against EPS growth of 14.7%. When compared to the trailing four-quarter average of 2.06, LGND's PEG ratio shows a 285% increase.
Ligand Pharmaceuticals's ten years historical PEG ratio has a mean of 0.5. Compared to historical data, LGND's 7.93 PEG ratio represents an increase of 1,486%. LGND reached its maximum PEG ratio of 8.02 during the Sep 2026 quarter over the past ten years. The Mar 2019 quarter had the bottom reading at 0, indicating the most optimal growth-adjusted valuation.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 0.01 | 29.36 | 3,027.3% |
| 2024 | N/A | N/A | -107.3% |
| 2023 | 0.09 | 23.65 | 252.5% |
| 2022 | N/A | N/A | -157.6% |
| 2021 | 0.02 | 44.9 | 2,011.1% |
| 2020 | N/A | N/A | -100.5% |
| 2019 | 0.01 | 3.15 | 389.4% |
| 2018 | 0.02 | 20.04 | 1,028.3% |
| 2017 | 0.27 | 228.22 | 850% |
| 2016 | N/A | N/A | -100.7% |
| 2015 | 0.01 | 9.34 | 1,867.8% |
| 2014 | 16.7 | 90.19 | 5.4% |
| 2013 | 0.05 | 93.93 | 1,966.7% |
| 2012 | N/A | N/A | -106.1% |
| 2011 | 0.13 | 24.22 | 192.5% |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Sep 2026 | 8.02 | 117.88 | 14.7% |
| Jun 2026 | 0.09 | 31.39 | 347.4% |
| Mar 2026 | 0.12 | 25.27 | 209.7% |
| Dec 2025 | 0.01 | 29.36 | 3,027.3% |
| Sep 2025 | N/A | 76.68 | -12.5% |
| Jun 2025 | N/A | N/A | -266.8% |
| Mar 2025 | N/A | N/A | -232.1% |
| Dec 2024 | N/A | N/A | -107.3% |
| Sep 2024 | 0.22 | 37.91 | 175% |
| Jun 2024 | 0.62 | 34.53 | 55.4% |
| Mar 2024 | 0.05 | 13.41 | 292.1% |
| Dec 2023 | 0.09 | 23.65 | 252.5% |
| Sep 2023 | 0.36 | 62.42 | 175.6% |
| Jun 2023 | 0.11 | 45.92 | 434% |
| Mar 2023 | N/A | 52.92 | -2.1% |
LGND's PEG ratio today sits above its 3, 5 and 10-year averages.
With a PEG of 7.93, LGND stands above the Healthcare sector and the industry average.
LGND has a PEG ratio above that of peer stocks LLY and AMGN.
LGND's Nov 13, 2026 PEG ratio comes in at 7.93.
LGND has a 3-year average PEG ratio of 1.15.
LGND has a 5-year average PEG ratio of 0.88.
In the last ten years, LGND's peak PEG ratio of 8.02 was recorded in the Sep 2026 quarter.
Currently, LGND's PEG ratio is 1,486% higher than its 10-year historical average.
A 7.93 PEG ratio for LGND suggests the stock is priced at a premium relative to its growth trajectory.
The PEG ratio comes from taking PE and dividing by the rate at which earnings are growing (YoY TTM). As of Nov 13, 2026, Ligand Pharmaceuticals has a P/E ratio of 116.52. Earnings grew at 14.7% over the TTM period ending Sep 2026. Applying the formula, this gives a price to earnings growth ratio of 7.93. PEG RATIO(7.93) = PE RATIO(116.52) / EPS GROWTH(14.7%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.