Veracyte, Inc.

NasdaqGM:VCYT Stock Report

Market Cap: US$2.6b

Veracyte Valuation

Is VCYT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VCYT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$84.40
Fair Value
61.6% undervalued intrinsic discount
8
Number of Analysts

Below Fair Value: VCYT ($32.43) is trading below our estimate of fair value ($84.4)

Significantly Below Fair Value: VCYT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VCYT?

Key metric: As VCYT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VCYT. This is calculated by dividing VCYT's market cap by their current earnings.
What is VCYT's PE Ratio?
PE Ratio96.9x
EarningsUS$26.34m
Market CapUS$2.55b

Price to Earnings Ratio vs Peers

How does VCYT's PE Ratio compare to its peers?

The above table shows the PE ratio for VCYT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.3x
CPRX Catalyst Pharmaceuticals
11.9x8.90%US$2.4b
AUPH Aurinia Pharmaceuticals
26.9x19.25%US$1.6b
AGIO Agios Pharmaceuticals
3.2x-20.92%US$2.1b
PTCT PTC Therapeutics
7.2x-40.73%US$4.6b
VCYT Veracyte
96.9x36.64%US$2.6b

Price-To-Earnings vs Peers: VCYT is expensive based on its Price-To-Earnings Ratio (96.9x) compared to the peer average (12.3x).

Price to Earnings Ratio vs Industry

How does VCYT's PE Ratio compare vs other companies in the US Biotechs Industry?

10 CompaniesPrice / EarningsEstimated GrowthMarket Cap
EBS Emergent BioSolutions
2.9x-87.36%US$407.07m
CHRS Coherus Oncology
2.5x-24.40%US$152.26m
NERV Minerva Neurosciences
1.5xn/aUS$16.15m
PMCB PharmaCyte Biotech
0.3xn/aUS$6.35m
VCYT 96.9xIndustry Avg. 15.7xNo. of Companies10PE01224364860+
10 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VCYT is expensive based on its Price-To-Earnings Ratio (96.9x) compared to the US Biotechs industry average (15.5x).

Price to Earnings Ratio vs Fair Ratio

What is VCYT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VCYT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio96.9x
Fair PE Ratio25.8x

Price-To-Earnings vs Fair Ratio: VCYT is expensive based on its Price-To-Earnings Ratio (96.9x) compared to the estimated Fair Price-To-Earnings Ratio (25.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VCYT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$32.43
US$39.75
+22.57%
14.27%US$45.00US$28.00n/a8
Aug ’26US$23.64
US$40.33
+70.61%
13.07%US$45.00US$29.00n/a9
Jul ’26US$27.32
US$40.89
+49.67%
12.06%US$45.00US$29.00n/a9
Jun ’26US$26.61
US$40.50
+52.20%
11.91%US$45.00US$29.00n/a10
May ’26US$29.71
US$42.20
+42.04%
14.68%US$51.00US$29.00n/a10
Apr ’26US$29.56
US$44.50
+50.54%
14.57%US$51.00US$29.00n/a10
Mar ’26US$34.76
US$45.44
+30.74%
17.27%US$55.00US$28.00n/a9
Feb ’26US$45.48
US$45.11
-0.81%
17.18%US$55.00US$28.00n/a9
Jan ’26US$39.60
US$43.22
+9.15%
14.99%US$50.00US$28.00n/a9
Dec ’25US$42.95
US$42.78
-0.40%
15.02%US$50.00US$28.00n/a9
Nov ’25US$34.31
US$37.63
+9.66%
13.48%US$43.00US$26.00n/a8
Oct ’25US$33.13
US$34.00
+2.63%
12.82%US$40.00US$26.00n/a6
Sep ’25US$31.55
US$33.50
+6.18%
11.27%US$37.00US$26.00US$30.346
Aug ’25US$22.95
US$29.83
+29.99%
17.46%US$37.00US$21.00US$23.646
Jul ’25US$21.33
US$29.83
+39.87%
17.46%US$37.00US$21.00US$27.326
Jun ’25US$20.75
US$29.83
+43.78%
17.46%US$37.00US$21.00US$26.616
May ’25US$20.13
US$30.83
+53.17%
16.69%US$37.00US$21.00US$29.716
Apr ’25US$21.64
US$31.67
+46.33%
16.07%US$37.00US$21.00US$29.566
Mar ’25US$24.00
US$31.67
+31.94%
16.07%US$37.00US$21.00US$34.766
Feb ’25US$25.36
US$32.50
+28.15%
16.16%US$37.00US$22.00US$45.486
Jan ’25US$27.51
US$32.17
+16.93%
15.59%US$37.00US$22.00US$39.606
Dec ’24US$26.54
US$32.17
+21.20%
15.59%US$37.00US$22.00US$42.956
Nov ’24US$21.06
US$32.67
+55.11%
13.99%US$37.00US$23.00US$34.316
Oct ’24US$22.33
US$33.50
+50.02%
14.39%US$37.00US$23.00US$33.136
Sep ’24US$26.70
US$33.50
+25.47%
14.39%US$37.00US$23.00US$31.556
AnalystConsensusTarget
Consensus Narrative from 8 Analysts
US$39.75
Fair Value
18.4% undervalued intrinsic discount
8
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/09/06 08:08
End of Day Share Price 2025/09/05 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Veracyte, Inc. is covered by 21 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sung Ji NamBTIG
Bryan BrokmeierCantor Fitzgerald & Co.
William BonelloCraig-Hallum Capital Group LLC