Summit Therapeutics Inc.

NasdaqGM:SMMT Stock Report

Market Cap: US$14.7b

Summit Therapeutics Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

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

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


Key Valuation Metric

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

Key metric: As SMMT 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 SMMT. This is calculated by dividing SMMT's market cap by their current book value.
What is SMMT's PB Ratio?
PB Ratio31.4x
BookUS$437.92m
Market CapUS$14.75b

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for SMMT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average3.1x
MRNA Moderna
1.2x17.9%US$14.3b
XENE Xenon Pharmaceuticals
3.8x12.7%US$3.0b
BNTX BioNTech
1.2x12.0%US$25.5b
RVMD Revolution Medicines
6.1x7.2%US$9.5b
SMMT Summit Therapeutics
31.4xn/aUS$14.7b

Price-To-Book vs Peers: SMMT is expensive based on its Price-To-Book Ratio (31.4x) compared to the peer average (3.1x).


Price to Book Ratio vs Industry

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

62 CompaniesPrice / BookEstimated GrowthMarket Cap
GRAL GRAIL
0.2x35.7%US$496.96m
AMRN Amarin
0.4x-7.7%US$201.84m
ACET Adicet Bio
0.4x6.7%US$84.87m
IMAB I-Mab
0.4x1.8%US$77.61m
SMMT 31.4xIndustry Avg. 1.8xNo. of Companies81PB01.63.24.86.48+
62 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: SMMT is expensive based on its Price-To-Book Ratio (31.4x) compared to the US Biotechs industry average (1.8x).


Price to Book Ratio vs Fair Ratio

What is SMMT'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.

SMMT PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio31.4x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate SMMT'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 SMMT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$18.62
US$34.27
+84.0%
23.7%US$44.11US$22.65n/a4
Nov ’25US$18.99
US$35.67
+87.8%
25.4%US$44.17US$23.09n/a3
Oct ’25US$20.10
US$36.25
+80.3%
26.7%US$45.72US$22.96n/a3
Sep ’25US$12.98
US$14.61
+12.6%
7.4%US$16.03US$13.38n/a3
Aug ’25US$10.66
US$13.65
+28.0%
2.6%US$14.00US$13.29n/a2
Jul ’25US$8.14
US$13.55
+66.4%
3.4%US$14.01US$13.08n/a2
Jun ’25US$8.69
US$10.52
+21.1%
23.8%US$13.02US$8.01n/a2

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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