TriSalus Life Sciences, Inc.

NasdaqGM:TLSI Stock Report

Market Cap: US$119.8m

TriSalus Life Sciences Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: TLSI ($3.67) is trading above our estimate of fair value ($3.13)

Significantly Below Fair Value: TLSI is trading above our estimate of fair value.


Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for TLSI. This is calculated by dividing TLSI's market cap by their current revenue.
What is TLSI's PS Ratio?
PS Ratio4.2x
SalesUS$26.89m
Market CapUS$119.83m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TLSI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8.5x
FENC Fennec Pharmaceuticals
2.2x27.9%US$109.5m
ANL Adlai Nortye
21.8x65.7%US$115.1m
ELUT Elutia
5x45.5%US$121.3m
GBIO Generation Bio
5.1x-14.7%US$102.9m
TLSI TriSalus Life Sciences
4.2x33.6%US$119.8m

Price-To-Sales vs Peers: TLSI is good value based on its Price-To-Sales Ratio (4.2x) compared to the peer average (8.5x).


Price to Sales Ratio vs Industry

How does TLSI's PS Ratio compare vs other companies in the US Biotechs Industry?

145 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.10.3x20.8%
TLSI TriSalus Life Sciences
4.2x33.6%US$119.83m
AMGN Amgen
4.6x2.4%US$152.45b
GILD Gilead Sciences
3.9x2.4%US$110.17b
TLSI 4.2xIndustry Avg. 10.3xNo. of Companies145PS020406080100+
145 CompaniesEstimated GrowthMarket Cap
Industry Avg.10.3x26.7%
TLSI TriSalus Life Sciences
4.2x66.7%US$119.83m
No more companies

Price-To-Sales vs Industry: TLSI is good value based on its Price-To-Sales Ratio (4.2x) compared to the US Biotechs industry average (10.3x).


Price to Sales Ratio vs Fair Ratio

What is TLSI'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.

TLSI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.2x
Fair PS Ratio6.2x

Price-To-Sales vs Fair Ratio: TLSI is good value based on its Price-To-Sales Ratio (4.2x) compared to the estimated Fair Price-To-Sales Ratio (6.2x).


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 TLSI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$3.67
US$11.92
+224.7%
16.5%US$16.00US$10.00n/a6
Nov ’25US$4.01
US$12.30
+206.7%
16.6%US$16.00US$10.00n/a5
Oct ’25US$4.32
US$12.25
+183.6%
18.6%US$16.00US$10.00n/a4
Sep ’25US$5.25
US$13.00
+147.6%
16.6%US$16.00US$11.00n/a3
Aug ’25US$5.80
US$14.67
+152.9%
12.9%US$16.00US$12.00n/a3
Jul ’25US$5.33
US$14.67
+175.2%
12.9%US$16.00US$12.00n/a3
Jun ’25US$7.16
US$14.67
+104.8%
12.9%US$16.00US$12.00n/a3

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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