BioMarin Pharmaceutical Inc.

NasdaqGS:BMRN Stock Report

Market Cap: US$12.5b

BioMarin Pharmaceutical Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

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Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: BMRN ($64.41) is trading below our estimate of future cash flow value ($227.05)

Significantly Below Future Cash Flow Value: BMRN is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

Key metric: As BMRN is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for BMRN. This is calculated by dividing BMRN's market cap by their current revenue.
What is BMRN's PS Ratio?
PS Ratio3.7x
SalesUS$3.41b
Market CapUS$12.51b

Price to Sales Ratio vs Peers

How does BMRN's PS Ratio compare to its peers?

The above table shows the PS ratio for BMRN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average14.3x
EXEL Exelixis
5.9x7.60%US$14.3b
IONS Ionis Pharmaceuticals
10.7x28.16%US$9.4b
HALO Halozyme Therapeutics
7.3x4.74%US$12.3b
PTGX Protagonist Therapeutics
33.3x17.02%US$9.4b
BMRN BioMarin Pharmaceutical
3.7x10.32%US$12.5b

Price-To-Sales vs Peers: BMRN is good value based on its Price-To-Sales Ratio (3.7x) compared to the peer average (14.3x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does BMRN's PS Ratio compare vs other companies in the US Biotechs Industry?

119 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.13.0x22.9%
BMRN BioMarin Pharmaceutical
 3.7x10.32%US$12.51b
BIIB Biogen
3.1x2.60%US$31.40b
LEGN Legend Biotech
3x15.43%US$3.97b
BMRN 3.7xIndustry Avg. 13.0xNo. of Companies119PS01632486480+
119 CompaniesEstimated GrowthMarket Cap
Industry Avg.13.0x28.7%
BMRN BioMarin Pharmaceutical
 3.7x32.37%US$12.51b
No more companies

Price-To-Sales vs Industry: BMRN is good value based on its Price-To-Sales Ratio (3.7x) compared to the US Biotechs industry average (12.9x).

Price to Sales Ratio vs Fair Ratio

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

BMRN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.7x
Fair PS Ratio5.1x

Price-To-Sales vs Fair Ratio: BMRN is good value based on its Price-To-Sales Ratio (3.7x) compared to the estimated Fair Price-To-Sales Ratio (5.1x).

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 BMRN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$64.41
US$91.42
+41.94%
21.09%US$124.00US$60.00n/a26
Sep ’27US$64.84
US$91.42
+41.00%
21.09%US$124.00US$60.00n/a26
Aug ’27US$60.02
US$87.92
+46.48%
22.02%US$120.00US$50.00n/a25
Jul ’27US$57.82
US$87.85
+51.93%
21.41%US$120.00US$50.00n/a26
Jun ’27US$55.03
US$87.85
+59.63%
21.41%US$120.00US$50.00n/a26
May ’27US$54.06
US$90.17
+66.79%
19.30%US$120.00US$55.00n/a24
Apr ’27US$57.24
US$88.87
+55.26%
18.68%US$120.00US$55.00n/a23
Mar ’27US$61.73
US$88.17
+42.84%
18.49%US$120.00US$55.00n/a23
Feb ’27US$56.54
US$90.74
+60.49%
20.50%US$122.00US$60.00n/a23
Jan ’27US$59.43
US$89.74
+51.00%
20.96%US$122.00US$60.00n/a23
Dec ’26US$55.03
US$89.36
+62.38%
19.65%US$122.00US$55.00n/a25
Nov ’26US$53.57
US$90.60
+69.12%
19.62%US$122.00US$55.00n/a25
Oct ’26US$54.86
US$95.88
+74.78%
16.40%US$122.00US$60.00n/a26
Sep ’26US$58.27
US$97.62
+67.52%
15.23%US$122.00US$65.00US$64.8426
Aug ’26US$58.14
US$96.26
+65.56%
14.90%US$122.00US$65.00US$60.0227
Jul ’26US$56.19
US$95.80
+70.50%
14.73%US$122.00US$65.00US$57.8228
Jun ’26US$58.07
US$95.91
+65.16%
14.62%US$122.00US$65.00US$55.0328
May ’26US$62.71
US$96.87
+54.48%
15.49%US$126.00US$65.00US$54.0628
Apr ’26US$67.94
US$96.77
+42.43%
15.32%US$126.00US$65.00US$57.2428
Mar ’26US$71.16
US$96.76
+35.97%
15.38%US$126.00US$65.00US$61.7328
Feb ’26US$63.36
US$96.45
+52.23%
16.08%US$127.00US$65.00US$56.5427
Jan ’26US$65.73
US$97.31
+48.04%
16.55%US$127.00US$65.00US$59.4326
Dec ’25US$66.03
US$97.30
+47.36%
16.71%US$127.00US$65.00US$55.0328
Nov ’25US$66.60
US$97.24
+46.00%
16.84%US$127.00US$65.00US$53.5727
Oct ’25US$70.10
US$104.74
+49.41%
16.45%US$139.00US$72.00US$54.8625
Sep ’25US$91.21
US$110.58
+21.23%
14.20%US$140.00US$72.00US$58.2725
US$91.42
Fair Value
29.5% undervalued intrinsic discount
26
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/09 09:06
End of Day Share Price 2026/09/09 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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 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

BioMarin Pharmaceutical Inc. is covered by 45 analysts. 24 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jack AllenBaird
Huidong WangBarclays
Eliana MerleBarclays