We’ve recently updated our valuation analysis.

Passage Bio Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

PASG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Book Ratio vs Peers

How does PASG's PB Ratio compare to its peers?

The above table shows the PB ratio for PASG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average0.7x
ALGS Aligos Therapeutics
0.6x-2.3%US$77.5m
SYRS Syros Pharmaceuticals
0.7x40.9%US$88.4m
LVTX LAVA Therapeutics
1x-17.0%US$88.3m
IOBT IO Biotech
0.5x-11.2%US$82.7m
PASG Passage Bio
0.4x9.5%US$86.7m

Price-To-Book vs Peers: PASG is good value based on its Price-To-Book Ratio (0.4x) compared to the peer average (0.7x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.1%
n/an/an/a

Price-To-Book vs Industry: PASG is good value based on its Price-To-Book Ratio (0.4x) compared to the US Biotechs industry average (1.8x)


Price to Book Ratio vs Fair Ratio

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

PASG PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.4x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate PASG's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: PASG ($1.59) is trading below our estimate of fair value ($73)

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


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 PASG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.59
US$7.63
+379.6%
40.4%US$11.00US$2.00n/a8
Jan ’24US$1.38
US$7.63
+452.5%
40.4%US$11.00US$2.00n/a8
Dec ’23US$1.19
US$8.50
+614.3%
53.6%US$18.00US$2.00n/a8
Nov ’23US$1.22
US$9.57
+684.5%
50.2%US$18.00US$2.00n/a7
Oct ’23US$1.25
US$9.57
+665.7%
50.2%US$18.00US$2.00n/a7
Sep ’23US$2.00
US$9.57
+378.6%
50.2%US$18.00US$2.00n/a7
Aug ’23US$1.77
US$13.00
+634.5%
71.5%US$34.00US$2.00n/a7
Jul ’23US$2.38
US$13.00
+446.2%
71.5%US$34.00US$2.00n/a7
Jun ’23US$1.86
US$13.00
+598.9%
71.5%US$34.00US$2.00n/a7
May ’23US$1.95
US$18.14
+830.4%
46.8%US$34.00US$4.00n/a7
Apr ’23US$3.18
US$18.14
+470.5%
46.8%US$34.00US$4.00n/a7
Mar ’23US$3.38
US$23.38
+591.6%
42.2%US$43.00US$6.00n/a8
Feb ’23US$5.26
US$23.38
+344.4%
42.2%US$43.00US$6.00n/a8
Jan ’23US$6.35
US$27.38
+331.1%
23.4%US$43.00US$22.00US$1.388
Dec ’22US$7.34
US$27.38
+273.0%
23.4%US$43.00US$22.00US$1.198
Nov ’22US$9.38
US$28.50
+203.8%
23.3%US$45.00US$22.00US$1.228
Oct ’22US$10.13
US$29.75
+193.7%
20.9%US$45.00US$25.00US$1.258
Sep ’22US$11.98
US$29.75
+148.3%
20.9%US$45.00US$25.00US$2.008
Aug ’22US$11.80
US$30.00
+154.2%
20.4%US$45.00US$25.00US$1.778
Jul ’22US$14.95
US$30.00
+100.7%
20.4%US$45.00US$25.00US$2.388
Jun ’22US$13.04
US$31.00
+137.7%
21.6%US$45.00US$25.00US$1.866
May ’22US$18.76
US$31.00
+65.2%
21.6%US$45.00US$25.00US$1.956
Apr ’22US$16.97
US$31.00
+82.7%
21.6%US$45.00US$25.00US$3.186
Mar ’22US$19.52
US$29.58
+51.6%
14.0%US$35.50US$25.00US$3.386
Feb ’22US$19.34
US$30.50
+57.7%
12.9%US$35.50US$26.00US$5.265
Jan ’22US$25.57
US$28.38
+11.0%
9.4%US$32.50US$25.00US$6.354

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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