4D Molecular Therapeutics, Inc.

NasdaqGS:FDMT Stock Report

Market Cap: US$502.9m

4D Molecular Therapeutics Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 Future Cash Flow Value

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

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Below Future Cash Flow Value: Insufficient data to calculate FDMT's future cash flow value for valuation analysis.

Significantly Below Future Cash Flow Value: Insufficient data to calculate FDMT's future cash flow value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for FDMT. This is calculated by dividing FDMT's market cap by their current revenue.
What is FDMT's PS Ratio?
PS Ratio5.9x
SalesUS$85.21m
Market CapUS$502.91m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for FDMT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average14x
RIGL Rigel Pharmaceuticals
1.8x6.26%US$563.6m
MGTX MeiraGTx Holdings
9x28.44%US$760.7m
CFOR CapForce
31.8xn/aUS$286.2m
TNXP Tonix Pharmaceuticals Holding
13.5x75.32%US$184.7m
FDMT 4D Molecular Therapeutics
5.9x31.40%US$502.3m

Price-To-Sales vs Peers: FDMT is good value based on its Price-To-Sales Ratio (5.9x) compared to the peer average (14x).

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 FDMT's PS Ratio compare vs other companies in the US Biotechs Industry?

125 CompaniesPrice / SalesEstimated GrowthMarket Cap
BIIB Biogen
2.6x-0.62%US$25.99b
INCY Incyte
3.7x-1.36%US$19.30b
BMRN BioMarin Pharmaceutical
3.3x10.52%US$10.83b
PTCT PTC Therapeutics
3.3x0.65%US$5.86b
FDMT 5.9xIndustry Avg. 11.4xNo. of Companies125PS01632486480+
125 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: FDMT is good value based on its Price-To-Sales Ratio (5.9x) compared to the US Biotechs industry average (11.4x).

Price to Sales Ratio vs Fair Ratio

What is FDMT'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.

FDMT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio5.9x
Fair PS Ratio0.6x

Price-To-Sales vs Fair Ratio: FDMT is expensive based on its Price-To-Sales Ratio (5.9x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

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 FDMT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$9.81
US$31.11
+217.14%
26.57%US$45.00US$17.00n/a9
Apr ’27US$9.87
US$31.11
+215.21%
26.57%US$45.00US$17.00n/a9
Mar ’27US$9.66
US$33.11
+242.77%
23.33%US$45.00US$17.00n/a9
Feb ’27US$8.86
US$33.11
+273.71%
23.33%US$45.00US$17.00n/a9
Jan ’27US$7.50
US$33.11
+341.48%
23.33%US$45.00US$17.00n/a9
Dec ’26US$10.51
US$33.11
+215.04%
23.33%US$45.00US$17.00n/a9
Nov ’26US$11.50
US$32.89
+185.99%
25.34%US$45.00US$17.00n/a9
Oct ’26US$8.73
US$32.67
+274.19%
26.25%US$45.00US$16.00n/a9
Sep ’26US$6.16
US$30.40
+393.51%
34.88%US$45.00US$10.00n/a10
Aug ’26US$6.42
US$31.10
+384.42%
35.50%US$45.00US$10.00n/a10
Jul ’26US$4.15
US$31.10
+649.40%
35.50%US$45.00US$10.00n/a10
Jun ’26US$3.62
US$32.10
+786.74%
35.34%US$45.00US$10.00n/a10
May ’26US$3.44
US$32.09
+832.88%
44.60%US$51.00US$6.00n/a11
Apr ’26US$2.99
US$33.82
+1,031.04%
46.75%US$65.00US$6.00US$9.8711
Mar ’26US$4.53
US$35.18
+676.64%
48.85%US$72.00US$6.00US$9.6611
Feb ’26US$5.60
US$37.00
+560.71%
47.71%US$72.00US$6.00US$8.8611
Jan ’26US$5.57
US$42.64
+665.46%
40.13%US$82.00US$8.00US$7.5011
Dec ’25US$7.84
US$45.64
+482.10%
43.99%US$82.00US$8.00US$10.5111
Nov ’25US$8.10
US$50.00
+517.67%
32.81%US$82.00US$36.00US$11.5010
Oct ’25US$10.41
US$50.00
+380.31%
32.81%US$82.00US$36.00US$8.7310
Sep ’25US$15.01
US$50.30
+235.11%
32.17%US$82.00US$36.00US$6.1610
Aug ’25US$17.19
US$50.60
+194.36%
32.57%US$82.00US$36.00US$6.4210
Jul ’25US$21.34
US$52.30
+145.08%
32.45%US$82.00US$35.00US$4.1510
Jun ’25US$23.97
US$52.30
+118.19%
32.45%US$82.00US$35.00US$3.6210
May ’25US$25.39
US$52.20
+105.59%
32.71%US$82.00US$34.00US$3.4410
Apr ’25US$30.01
US$52.44
+74.76%
34.87%US$82.00US$34.00US$2.999
US$31.11
Fair Value
68.5% undervalued intrinsic discount
9
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 Analysis2026/04/10 19:14
End of Day Share Price 2026/04/09 00:00
Earnings2025/12/31
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 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

4D Molecular Therapeutics, Inc. is covered by 18 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Huidong WangBarclays
Eliana MerleBarclays
Konstantinos BiliourisBMO Capital Markets Equity Research