Glaukos Corporation

NYSE:GKOS Stock Report

Market Cap: US$8.3b

Glaukos Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair 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 GKOS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GKOS ($150.88) is trading below our estimate of fair value ($301.34)

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

Key Valuation Metric

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

Key metric: As GKOS is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for GKOS. This is calculated by dividing GKOS's market cap by their current revenue.
What is GKOS's PS Ratio?
PS Ratio23.1x
SalesUS$360.35m
Market CapUS$8.31b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for GKOS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4x
TFX Teleflex
2.7x5.2%US$8.3b
MASI Masimo
4.4x4.0%US$9.1b
PEN Penumbra
8x12.4%US$9.3b
BAX Baxter International
1x-3.1%US$15.1b
GKOS Glaukos
23.1x20.4%US$8.3b

Price-To-Sales vs Peers: GKOS is expensive based on its Price-To-Sales Ratio (23.1x) compared to the peer average (4x).

Price to Sales Ratio vs Industry

How does GKOS's PS Ratio compare vs other companies in the US Medical Equipment Industry?

49 CompaniesPrice / SalesEstimated GrowthMarket Cap
INGN Inogen
0.6x4.4%US$201.98m
ARAY Accuray
0.4x5.5%US$186.05m
NVRO Nevro
0.3x2.8%US$142.02m
RMTI Rockwell Medical
0.7x-7.3%US$67.22m
GKOS 23.1xIndustry Avg. 3.2xNo. of Companies49PS02.85.68.411.214+
49 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: GKOS is expensive based on its Price-To-Sales Ratio (23.1x) compared to the US Medical Equipment industry average (3.2x).

Price to Sales Ratio vs Fair Ratio

What is GKOS'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.

GKOS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio23.1x
Fair PS Ratio9.3x

Price-To-Sales vs Fair Ratio: GKOS is expensive based on its Price-To-Sales Ratio (23.1x) compared to the estimated Fair Price-To-Sales Ratio (9.3x).

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 GKOS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$150.88
US$147.25
-2.4%
10.1%US$162.00US$115.00n/a12
Dec ’25US$143.65
US$142.42
-0.9%
9.3%US$162.00US$115.00n/a12
Nov ’25US$131.77
US$137.45
+4.3%
8.8%US$155.00US$115.00n/a11
Oct ’25US$126.55
US$135.91
+7.4%
7.6%US$149.00US$115.00n/a11
Sep ’25US$133.89
US$135.08
+0.9%
7.3%US$149.00US$115.00n/a12
Aug ’25US$117.61
US$133.42
+13.4%
6.6%US$145.00US$115.00n/a12
Jul ’25US$117.42
US$117.33
-0.07%
9.1%US$131.00US$100.00n/a12
Jun ’25US$112.72
US$113.33
+0.5%
7.9%US$130.00US$100.00n/a12
May ’25US$98.91
US$106.37
+7.5%
8.7%US$120.00US$84.00n/a12
Apr ’25US$93.10
US$104.17
+11.9%
9.9%US$120.00US$84.00n/a12
Mar ’25US$88.82
US$103.08
+16.1%
8.9%US$115.00US$84.00n/a12
Feb ’25US$91.87
US$91.83
-0.04%
12.9%US$110.00US$65.00n/a12
Jan ’25US$79.49
US$87.33
+9.9%
11.3%US$105.00US$65.00n/a12
Dec ’24US$65.13
US$83.73
+28.6%
10.1%US$93.00US$66.00US$143.6511
Nov ’24US$69.43
US$82.56
+18.9%
10.1%US$90.00US$68.00US$131.779
Oct ’24US$75.25
US$83.20
+10.6%
9.9%US$93.00US$68.00US$126.5510
Sep ’24US$74.89
US$82.90
+10.7%
9.6%US$90.00US$68.00US$133.8910
Aug ’24US$76.70
US$76.30
-0.5%
17.3%US$90.00US$50.00US$117.6110
Jul ’24US$71.21
US$64.10
-10.0%
15.1%US$80.00US$50.00US$117.4210
Jun ’24US$58.83
US$57.60
-2.1%
13.6%US$71.00US$44.00US$112.7210
May ’24US$47.40
US$56.20
+18.6%
12.5%US$69.00US$44.00US$98.9110
Apr ’24US$50.10
US$55.80
+11.4%
13.1%US$69.00US$44.00US$93.1010
Mar ’24US$48.51
US$55.80
+15.0%
13.1%US$69.00US$44.00US$88.8210
Feb ’24US$49.76
US$56.70
+13.9%
15.5%US$68.00US$42.00US$91.8710
Jan ’24US$43.68
US$57.40
+31.4%
15.9%US$68.00US$42.00US$79.4910
Dec ’23US$48.66
US$60.56
+24.4%
10.3%US$69.00US$48.00US$65.139

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 09:04
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Glaukos Corporation is covered by 25 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ishan MajumdarBaptista Research
Ravi MisraBerenberg
Joanne WuenschBMO Capital Markets Equity Research