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Incyte (INCY, Biotechnology) Stock Valuation & Fair Value Mixed on our tests

Incyte (INCY, Biotechnology) trades at a blended P/E of 27.7, about 48% below its historical normal valuation, with a forward growth estimate of 39.1% and a PEG of 0.71. Analysts' one-year estimates have been hit 9% of the time. Priced at its historical normal P/E of 53.2 on the same blended earnings, the 2026-10-02 close of $115.30 corresponds to about $222 a share. This is a valuation reference, not a price target.

Blended P/E
27.7
Normal P/E
53.2
PEG
0.71
Fwd growth
39.1%
Div yield
0.0%
RSI (14)
31.0
Neutral
Technical context
  • Price $112.75 at the 2026-10-08 close, 6.9% below the 20-day average ($121.12) and 8.2% below the 50-day ($122.81).
  • RSI (14) at 31.0.
  • 52-week range $83.80 to $129.93: the price is 13.2% below the high and 34.5% above the low.

The Street vs SeerForecast

Wall Street's mean price target for INCY is $128.42 across 24 analysts, 13.9% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: mixed on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from favorable on our tests (2026-06-10) to mixed on our tests (2026-10-05). New rating rules took effect in the week of 2026-09-28, and this rating moved across that change, so part of the move may come from the new rules rather than the company.

Blended P/E and rating by weekBlended P/E moved from 14.3 to 27.7 between 2026-06-10 and 2026-10-02, against a normal P/E of 53.2, with 3 rating changes over 36 recorded weeks.2026-06-10: P/E 14.3, Favorable on our tests, recalculated for the week of 2026-06-102026-06-12: P/E 14.3, Favorable on our tests, recalculated for the week of 2026-06-142026-06-16: P/E 14.3, Favorable on our tests, recalculated for the week of 2026-06-162026-06-18: P/E 14.3, Favorable on our tests, recalculated for the week of 2026-06-212026-07-02: P/E 15.7, Mixed on our tests, recalculated for the week of 2026-07-022026-07-06: P/E 16.1, Mixed on our tests, recalculated for the week of 2026-07-062026-07-09: P/E 16.1, Mixed on our tests, recalculated for the week of 2026-07-092026-07-10: P/E 16.0, Mixed on our tests, recalculated for the week of 2026-07-122026-07-13: P/E 16.0, Mixed on our tests, recalculated for the week of 2026-07-132026-07-14: P/E 16.0, Mixed on our tests, recalculated for the week of 2026-07-142026-07-20: P/E 15.9, Mixed on our tests, recalculated for the week of 2026-07-202026-07-22: P/E 15.9, Mixed on our tests, recalculated for the week of 2026-07-222026-07-24: P/E 15.9, Mixed on our tests, recalculated for the week of 2026-07-252026-07-27: P/E 15.9, Mixed on our tests, recalculated for the week of 2026-07-272026-07-31: P/E 24.1, Strong on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 23.5, Strong on our tests, recorded live 2026-08-032026-08-07: P/E 23.5, Strong on our tests, recalculated for the week of 2026-08-072026-08-07: P/E 23.9, Strong on our tests, recorded live 2026-08-102026-08-14: P/E 24.7, Strong on our tests, recalculated for the week of 2026-08-142026-08-14: P/E 24.7, Strong on our tests, recorded live 2026-08-172026-08-21: P/E 27.2, Strong on our tests, recalculated for the week of 2026-08-212026-08-21: P/E 27.4, Strong on our tests, recorded live 2026-08-242026-08-27: P/E 27.4, Strong on our tests, recalculated for the week of 2026-08-272026-08-28: P/E 27.7, Strong on our tests, recalculated for the week of 2026-08-282026-08-28: P/E 27.0, Strong on our tests, recalculated for the week of 2026-08-302026-08-28: P/E 27.0, Strong on our tests, recorded live 2026-08-312026-09-04: P/E 27.9, Strong on our tests, recalculated for the week of 2026-09-052026-09-04: P/E 27.9, Strong on our tests, recorded live 2026-09-072026-09-11: P/E 27.1, Strong on our tests, recalculated for the week of 2026-09-122026-09-11: P/E 27.1, Strong on our tests, recorded live 2026-09-142026-09-18: P/E 28.4, Strong on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 28.4, Strong on our tests, recorded live 2026-09-212026-09-25: P/E 28.5, Strong on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 28.5, Mixed on our tests, recorded live 2026-09-282026-10-02: P/E 27.7, Mixed on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 27.7, Mixed on our tests, recorded live 2026-10-0520.030.040.050.0Jun 10Jul 8Aug 6Sep 4Oct 2Normal P/E 53.2
Strong on our testsFavorable on our testsMixed on our testsLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-06-10P/E 14.3-73%Favorable on our tests (recalculated)
2026-07-02P/E 15.7-71%Mixed on our tests (recalculated)
2026-07-31P/E 24.1-55%Strong on our tests (recalculated)
2026-09-26P/E 28.5-46%Strong on our tests (recalculated)
2026-09-28P/E 28.5-46%Mixed on our tests (across a rating rules change)
2026-10-05P/E 27.7-48%Mixed on our tests ← now
Show all 36 weeks
WeekBlended P/EPremium to normal P/ERating
2026-06-10P/E 14.3-73%Favorable on our tests (recalculated)
2026-06-14P/E 14.3-73%Favorable on our tests (recalculated)
2026-06-16P/E 14.3-73%Favorable on our tests (recalculated)
2026-06-21P/E 14.3-73%Favorable on our tests (recalculated)
2026-07-02P/E 15.7-71%Mixed on our tests (recalculated)
2026-07-06P/E 16.1-70%Mixed on our tests (recalculated)
2026-07-09P/E 16.1-70%Mixed on our tests (recalculated)
2026-07-12P/E 16.0-70%Mixed on our tests (recalculated)
2026-07-13P/E 16.0-70%Mixed on our tests (recalculated)
2026-07-14P/E 16.0-70%Mixed on our tests (recalculated)
2026-07-20P/E 15.9-70%Mixed on our tests (recalculated)
2026-07-22P/E 15.9-70%Mixed on our tests (recalculated)
2026-07-25P/E 15.9-70%Mixed on our tests (recalculated)
2026-07-27P/E 15.9-70%Mixed on our tests (recalculated)
2026-07-31P/E 24.1-55%Strong on our tests (recalculated)
2026-08-03P/E 23.5-56%Strong on our tests
2026-08-07P/E 23.5-56%Strong on our tests (recalculated)
2026-08-10P/E 23.9-55%Strong on our tests
2026-08-14P/E 24.7-54%Strong on our tests (recalculated)
2026-08-17P/E 24.7-54%Strong on our tests
2026-08-21P/E 27.2-49%Strong on our tests (recalculated)
2026-08-24P/E 27.4-49%Strong on our tests
2026-08-27P/E 27.4-49%Strong on our tests (recalculated)
2026-08-28P/E 27.7-48%Strong on our tests (recalculated)
2026-08-30P/E 27.0-49%Strong on our tests (recalculated)
2026-08-31P/E 27.0-49%Strong on our tests
2026-09-05P/E 27.9-48%Strong on our tests (recalculated)
2026-09-07P/E 27.9-48%Strong on our tests
2026-09-12P/E 27.1-49%Strong on our tests (recalculated)
2026-09-14P/E 27.1-49%Strong on our tests
2026-09-19P/E 28.4-47%Strong on our tests (recalculated)
2026-09-21P/E 28.4-47%Strong on our tests
2026-09-26P/E 28.5-46%Strong on our tests (recalculated)
2026-09-28P/E 28.5-46%Mixed on our tests (across a rating rules change)
2026-10-03P/E 27.7-48%Mixed on our tests (recalculated)
2026-10-05P/E 27.7-48%Mixed on our tests ← now

Frequently asked questions

Is Incyte stock overvalued?

At a blended P/E of 27.7 versus its historical normal P/E of 53.2, Incyte trades about 48% below its typical valuation, with a PEG of 0.71 on 39.1% forward growth. tickerseer currently rates it mixed on our tests.

What is Incyte's fair value and PEG?

Incyte trades at a blended P/E of 27.7 against a historical normal P/E of 53.2, a PEG of 0.71, and a forward growth estimate of 39.1%. Priced at its historical normal P/E of 53.2 on the same blended earnings, the 2026-10-02 close of $115.30 corresponds to about $222 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Incyte changed?

tickerseer's rating moved from favorable on our tests (2026-06-10) to mixed on our tests (2026-10-05). New rating rules took effect in the week of 2026-09-28, and this rating moved across that change, so part of the move may come from the new rules rather than the company.

What is the analyst price target for Incyte?

The mean Wall Street price target for Incyte is $128.42 across 24 analysts, 13.9% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Biotechnology. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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