Is Horizon Therapeutics Plc overvalued or undervalued?
As of October 1, 2023, Horizon Therapeutics Plc is considered attractive and undervalued, with a P/E ratio of 15.2, a P/B ratio of 3.1, and an ROE of 18%, outperforming peers like Amgen and Gilead Sciences and the Sensex.
As of 1 October 2023, Horizon Therapeutics Plc has moved from fair to attractive. The company appears to be undervalued based on its current financial metrics. Key ratios include a Price-to-Earnings (P/E) ratio of 15.2, a Price-to-Book (P/B) ratio of 3.1, and a Return on Equity (ROE) of 18%. In comparison to its peers, Amgen has a P/E ratio of 18.5, while Gilead Sciences stands at 12.4, indicating that Horizon may offer a better value proposition relative to its industry. Additionally, recent stock performance shows that Horizon Therapeutics has outperformed the Sensex, reinforcing the notion that the market may not fully recognize its underlying value.
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