Friday 6 November 2026 Export LGND’s income statement to Excel — free account

Ligand Pharmaceuticals Incorporated

Ligand Pharmaceuticals Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $268.1 million, up 60.4% from fiscal 2024.

Revenue: −31.8%
EPS: −123.9%
Free cash flow: −268.5%
Total debt: +52.6%

Quarter to September 2026, against a year earlier

306.43 7.43 +2.48%

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Market cap: $6.0B
P/E: 116×
Fwd P/E: 88.3×
Dividend yield: —
F-score: 6/9
Altman Z: 5.45
Beneish M: −4.02
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Ligand Pharmaceuticals Incorporated (LGND) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Ligand Pharmaceuticals Incorporated (LGND) trades at a P/E ratio of 116×. Over the past ten years it has ranged from 0.0× (September 2025) to 227× (September 2017); the current reading is higher than 91% of that period. That is above the Biotechnology industry median of 10.3× and above the Healthcare sector median of 25.2×.

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<iframe src="https://stockrow.com/embed/LGND/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Ligand Pharmaceuticals Incorporated P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/LGND/metrics/pe-ratio">Ligand Pharmaceuticals Incorporated (LGND) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	30.0×	—
FY2024	0.0×	—
FY2023	23.8×	—
FY2022	0.0×	—
FY2021	31.6×	—
FY2020	0.0×	—
FY2019	2.4×	(83.05%)
FY2018	14.2×	(91.30%)
FY2017	164×	—
FY2016	0.0×	—

Period	P/E ratio	Change
Sep 2026	121×	281.94%
Jun 2026	31.6×	24.00%
Mar 2026	25.5×	(15.15%)
Dec 2025	30.0×	(59.51%)
43 more quarters	Free account

Against its own ten years

Low 0.0× High 227×

Ten-year median 23.3×

Current reading's percentile 86

Company	P/E ratio
BLTE Belite Bio, Inc. Sponsored ADR compare	n/m
MIRM Mirum Pharmaceuticals, Inc. compare	n/m
CGON CG Oncology, Inc. compare	n/m
IMVT Immunovant, Inc. compare	n/m
IONS Ionis Pharmaceuticals, Inc. compare	n/m
ORKA Oruka Therapeutics, Inc. compare	n/m
PTCT PTC Therapeutics, Inc. compare	n/m
KOD Kodiak Sciences Inc. compare	n/m
LGND Ligand Pharmaceuticals Incorporated	116×
Biotechnology industry median	10.3×
Healthcare sector median	25.2×
Market median	17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

Ligand Pharmaceuticals Incorporated (LGND) P/E ratio

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on LGND

P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on LGND

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