Rapport Therapeutics (RAPP) Valuation After Key Phase 2a Epilepsy Data Presentation Announcement

Rapport Therapeutics (RAPP) is stepping into a key spotlight, with plans to unveil detailed Phase 2a data for its lead epilepsy candidate RAP-219 at the 2025 American Epilepsy Society meeting in Atlanta.

See our latest analysis for Rapport Therapeutics.

The upcoming AES presentation lands after a powerful run, with the share price at $28.70 and a 90 day share price return of nearly 100 percent, suggesting momentum has been building as investors reassess RAP 219’s potential.

If this kind of clinical milestone has your attention, it could be a good moment to explore other healthcare stocks that might be positioned for future growth.

With shares already up nearly 100 percent over 90 days yet still trading at a hefty discount to analyst targets, the real question now is whether RAPP remains an underappreciated growth story or if the market has already priced in success.

Price to Book of 2.7x: Is it justified?

Rapport Therapeutics trades around $28.70 on a price to book ratio of 2.7 times, implying a modest valuation premium versus much of the sector but a discount to close peers.

The price to book ratio compares a company’s market value to its net assets, a common yardstick for early stage biopharma where revenue and earnings are not yet meaningful.

For RAPP, that 2.7 times multiple looks somewhat rich against the broader US pharmaceuticals industry average of 2.5 times. This hints that investors are already paying slightly above the sector norm for a business that remains unprofitable and is forecast to stay that way over the next three years.

However, the same 2.7 times ratio screens as attractive against a much higher 8.1 times average for a selected peer group. This suggests the market is still assigning a notably lower book based valuation to Rapport relative to similar high risk, clinical stage names, despite its strong one year share price performance.

See what the numbers say about this price — find out in our valuation breakdown.

Result: Price to Book of 2.7x (ABOUT RIGHT)

However, there are real risks, including a binary Phase 2a readout for RAP 219 and ongoing losses that could force dilutive capital raises if sentiment cools.

Find out about the key risks to this Rapport Therapeutics narrative.

Build Your Own Rapport Therapeutics Narrative

If you see the story differently or want to dig into the numbers yourself, you can build a custom view of RAPP in minutes: Do it your way

A great starting point for your Rapport Therapeutics research is our analysis highlighting 5 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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