INCY P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
INCY's p/e ratio is lower than 65% of the last 10 years.
P/E ratio History
INCY P/E ratio by year
Yearly range of INCY’s p/e ratio from 2016 to 2026. Over the full period it ranged from -262.1 to 595.6, averaging 29.3.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 13.0 | 14.9 | 17.2 | 16.1 |
| 2025 | 14.0 | 118.9 | 278.7 | 15.4 |
| 2024 | 15.5 | 184.2 | 595.6 | 255.8 |
| 2023 | 27.7 | 41.5 | 56.6 | 33.3 |
| 2022 | 15.5 | 18.0 | 21.4 | 20.4 |
| 2021 | -71.8 | 15.0 | 55.3 | 17.2 |
| 2020 | -120.5 | -45.8 | 41.9 | -62.2 |
| 2019 | 39.3 | 81.9 | 172.9 | 42.6 |
| 2018 | -151.5 | -101.6 | 124.7 | 124.7 |
| 2017 | -262.1 | -76.0 | 282.7 | -118.3 |
| 2016 | 106.8 | 146.9 | 251.9 | 128.6 |
Get notified when INCY P/E ratio crosses a threshold
Free — one alert setup, notifications by push, Telegram, or Discord.
How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is INCY P/E ratio High or Low Right Now?
Incyte Corporation's P/E ratio is currently 16.1, which is below average relative to its 10-year historical range. The 10-year median P/E ratio for INCY is approximately 22.5. See all INCY valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.