Valuation models
price $120.39 · as of Nov 2, 2026
DCF · Perpetuity growth · 5yused78.33 – 104.0588.7936% overvaluedDCF · Perpetuity growth · 10y69.78 – 88.8077.5655% overvaluedDCF · EBITDA exit · 5y112.17 – 120.28116.124% overvaluedDCF · EBITDA exit · 10y87.85 – 98.3192.8430% overvaluedP/E · peers97.01 – 188.21127.646% undervaluedP/E · own history85.76 – 232.79114.655% overvaluedPEG—25.00382% overvaluedEV/EBITDA · peers127.15 – 196.45167.4228% undervaluedEV/Revenue · peers148.16 – 366.86148.6919% undervaluedEarnings power value33.32 – 40.2636.17233% overvaluedWall St. consensus target—152.0021% belowCost of capital (WACC)—8.34%—
DCF · Perpetuity growth · 5y leads for profitable growth — positive operating income and three years of positive free cash flow. How the headline model is chosen.
Model value · DCF · Perpetuity growth · 5y
88.79
Incyte closed at $120.39 — overvalued by 36% vs model.
78.33the model's range104.05
DCF · Perpetuity growth · 5y leads for profitable growth — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.
Other models
25.00 – 167.42
Wall St. target
152.00 21% below
Above model, 1y
15 of 30 days
How it is valued
Valued asProfitable Growth
Moderate growth (~18% recent)High profitability (25% net margin)Highly cyclical earningsStrong FCF yield (5.5%)
Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; how each model works is in the manual.