ProMIS Neurosciences, Inc.

NasdaqCM:PMN Stock Report

Market Cap: US$20.7m

ProMIS Neurosciences Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

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

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


Key Valuation Metric

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

Key metric: As PMN is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for PMN. This is calculated by dividing PMN's market cap by their current book value.
What is PMN's PB Ratio?
PB Ratio2.8x
BookUS$7.27m
Market CapUS$20.72m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for PMN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average3.6x
BIAF bioAffinity Technologies
6.1x-10.4%US$19.0m
KAPA Kairos Pharma
6.2x-56.8%US$20.6m
UBX Unity Biotechnology
1.4x55.2%US$19.2m
MEIP MEI Pharma
0.7xn/aUS$18.5m
PMN ProMIS Neurosciences
2.8xn/aUS$20.7m

Price-To-Book vs Peers: PMN is good value based on its Price-To-Book Ratio (2.8x) compared to the peer average (3.6x).


Price to Book Ratio vs Industry

How does PMN's PB Ratio compare vs other companies in the US Biotechs Industry?

61 CompaniesPrice / BookEstimated GrowthMarket Cap
GRAL GRAIL
0.2x35.7%US$554.58m
IMAB I-Mab
0.4x1.8%US$76.59m
ACET Adicet Bio
0.4x6.7%US$74.16m
MGX Metagenomi
0.3x-23.2%US$70.73m
PMN 2.8xIndustry Avg. 1.9xNo. of Companies81PB01.63.24.86.48+
61 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: PMN is expensive based on its Price-To-Book Ratio (2.8x) compared to the US Biotechs industry average (1.9x).


Price to Book Ratio vs Fair Ratio

What is PMN'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.

PMN PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio2.8x
Fair PB Ration/a

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


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 PMN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.03
US$8.69
+744.0%
8.2%US$9.40US$7.97n/a2
Nov ’25US$1.15
US$8.76
+661.8%
8.6%US$9.51US$8.01n/a2
Oct ’25US$1.23
US$8.79
+614.9%
9.0%US$9.59US$8.00n/a2
Sep ’25US$1.37
US$8.79
+543.7%
9.0%US$9.59US$8.00n/a2
Aug ’25US$1.44
US$8.75
+507.6%
8.6%US$9.50US$8.00n/a2
Jul ’25US$1.60
US$8.74
+446.4%
8.5%US$9.48US$8.00n/a2
Jun ’25US$1.84
US$8.76
+375.8%
8.8%US$9.54US$7.99n/a2
May ’25US$1.92
US$8.74
+355.6%
8.6%US$9.49US$7.99n/a2
Apr ’25US$2.05
US$13.48
+557.8%
40.6%US$18.96US$8.01n/a2
Mar ’25US$2.09
US$13.48
+545.2%
40.6%US$18.96US$8.01n/a2
Feb ’25US$2.08
US$13.48
+548.3%
40.6%US$18.96US$8.01n/a2
Jan ’25US$1.15
US$13.48
+1,072.6%
40.6%US$18.96US$8.01n/a2
Dec ’24US$1.19
US$13.48
+1,033.2%
40.6%US$18.96US$8.01n/a2
Nov ’24US$1.72
US$13.37
+678.2%
40.2%US$18.74US$7.99US$1.152

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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