Canopy Growth Corporation

NasdaqGS:CGC Stock Report

Market Cap: US$408.7m

Canopy Growth Valuation

Is CGC 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 CGC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate CGC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate CGC's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for CGC. This is calculated by dividing CGC's market cap by their current revenue.
What is CGC's PS Ratio?
PS Ratio2x
SalesCA$278.61m
Market CapCA$561.20m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for CGC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8.6x
ACRS Aclaris Therapeutics
19.8x41.20%US$312.0m
MDWD MediWound
11.3x39.19%US$236.2m
SIGA SIGA Technologies
2.6x40.96%US$449.0m
SNDL SNDL
0.6x3.29%US$448.1m
CGC Canopy Growth
2x6.32%US$561.2m

Price-To-Sales vs Peers: CGC is good value based on its Price-To-Sales Ratio (2x) compared to the peer average (8.6x).

Price to Sales Ratio vs Industry

How does CGC's PS Ratio compare vs other companies in the US Pharmaceuticals Industry?

76 CompaniesPrice / SalesEstimated GrowthMarket Cap
VTRS Viatris
1x1.84%US$14.35b
AMRX Amneal Pharmaceuticals
1.4x7.49%US$3.98b
BHC Bausch Health Companies
0.3x-1.55%US$2.67b
PRGO Perrigo
0.4x0.75%US$1.91b
CGC 2.0xIndustry Avg. 4.5xNo. of Companies76PS0816243240+
76 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CGC is good value based on its Price-To-Sales Ratio (2x) compared to the US Pharmaceuticals industry average (4.5x).

Price to Sales Ratio vs Fair Ratio

What is CGC'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.

CGC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2x
Fair PS Ratio1.5x

Price-To-Sales vs Fair Ratio: CGC is expensive based on its Price-To-Sales Ratio (2x) compared to the estimated Fair Price-To-Sales Ratio (1.5x).

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 CGC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.19
US$2.74
+130.08%
67.46%US$5.83US$1.02n/a5
Dec ’26US$1.13
US$2.35
+108.36%
82.38%US$5.71US$1.14n/a4
Nov ’26US$1.24
US$1.91
+54.29%
104.80%US$5.80US$0n/a5
Oct ’26US$1.38
US$1.91
+38.64%
104.80%US$5.80US$0n/a5
Sep ’26US$1.80
US$1.92
+6.42%
104.80%US$5.80US$0n/a5
Aug ’26US$1.05
US$2.42
+130.32%
75.00%US$5.84US$0n/a7
Jul ’26US$1.13
US$2.26
+100.22%
77.77%US$5.86US$0n/a8
Jun ’26US$1.32
US$2.93
+121.61%
73.55%US$7.29US$0n/a10
May ’26US$1.41
US$3.06
+116.87%
77.51%US$7.25US$0n/a10
Apr ’26US$1.02
US$3.05
+199.12%
72.77%US$6.95US$0n/a10
Mar ’26US$1.40
US$3.09
+121.27%
68.04%US$7.00US$0n/a11
Feb ’26US$1.99
US$4.48
+124.88%
60.65%US$10.43US$0n/a11
Jan ’26US$2.74
US$4.54
+65.75%
59.85%US$10.48US$0US$1.1411
Dec ’25US$3.87
US$4.88
+26.08%
55.05%US$10.66US$0US$1.1311
Nov ’25US$4.86
US$5.81
+19.61%
55.76%US$13.34US$0US$1.2411
Oct ’25US$4.41
US$5.81
+31.82%
55.76%US$13.34US$0US$1.3811
Sep ’25US$5.21
US$6.31
+21.15%
47.76%US$13.10US$0US$1.8012
Aug ’25US$6.77
US$6.77
+0.051%
48.37%US$14.67US$0US$1.0512
Jul ’25US$6.39
US$6.46
+1.03%
51.10%US$14.62US$0US$1.1313
Jun ’25US$8.53
US$5.56
-34.79%
63.33%US$14.68US$0US$1.3212
May ’25US$11.44
US$5.61
-50.92%
77.14%US$18.17US$0US$1.4112
Apr ’25US$7.53
US$3.98
-47.11%
42.62%US$6.72US$0US$1.0212
Mar ’25US$3.21
US$3.98
+23.88%
42.62%US$6.71US$0US$1.4012
Feb ’25US$5.03
US$6.59
+31.07%
63.19%US$14.93US$0US$1.9912
Jan ’25US$5.11
US$7.12
+39.28%
59.20%US$15.14US$0US$2.7413
US$2.73
Fair Value
56.4% undervalued intrinsic discount
5
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 Analysis2026/01/04 08:55
End of Day Share Price 2026/01/02 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

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

Canopy Growth Corporation is covered by 21 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Aaron GreyAlliance Global Partners
Frederico Yokota Choucair GomesATB Capital Markets
Gaurav JainBarclays