Ligand Pharmaceuticals Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 4, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	4,026	3,739	2,047	1,254	1,132	2,590
Market Cap Growth	74.64%	82.62%	63.27%	10.73%	-56.28%	61.95%
Enterprise Value	3,744	3,457	1,798	1,090	1,008	2,573
PE Ratio	32.35	30.84	-487.05	24.29	-215.48	46.66
Forward PE	21.69	35.20	53.58	35.07	-	-
PEG Ratio	-	2.42	3.57	2.34	-	-
PS Ratio	15.02	13.95	12.25	9.55	5.77	10.72
PB Ratio	3.96	3.68	2.47	1.79	1.90	3.15
P/TBV Ratio	0	3.77	2.36	1.81	1.89	3.24
P/FCF Ratio	82.32	76.44	21.50	27.22	9.44	36.98
P/OCF Ratio	81.57	75.74	21.10	25.29	8.21	32.87
EV/Sales Ratio	13.97	12.89	10.76	8.30	5.14	10.65
EV/EBITDA Ratio	21.70	46.23	142.34	23.51	18.48	16.61
EV/EBIT Ratio	27.16	84.30	-79.54	110.96	331.97	24.78
EV/FCF Ratio	76.56	70.68	18.88	23.66	8.41	36.74
Debt / Equity Ratio	0.44	0.44	0.01	0.01	0.15	0.40
Debt / EBITDA Ratio	6.04	6.04	0.56	0.13	1.61	2.09
Debt / FCF Ratio	9.23	9.23	0.07	0.13	0.73	4.63
Net Debt / Equity Ratio	-0.28	-0.28	-0.30	-0.23	-0.21	-0.02
Net Debt / EBITDA Ratio	-3.77	-3.77	-19.72	-3.54	-2.27	-0.11
Net Debt / FCF Ratio	-5.77	-5.77	-2.62	-3.56	-1.03	-0.24
Asset Turnover	0.21	0.21	0.19	0.17	0.19	0.18
Inventory Turnover	1.25	1.25	0.58	0.56	2.60	2.31
Quick Ratio	21.18	21.18	7.94	12.11	2.45	10.24
Current Ratio	22.23	22.23	8.93	14.15	2.67	11.15
Return on Equity (ROE)	13.47%	13.47%	-0.53%	8.29%	-0.74%	9.98%
Return on Assets (ROA)	3.93%	3.95%	-4.89%	1.45%	0.63%	7.20%
Return on Invested Capital (ROIC)	6.81%	6.84%	-6.74%	1.98%	0.89%	10.30%
Return on Capital Employed (ROCE)	3.38%	3.38%	-2.70%	1.37%	0.32%	8.25%
Earnings Yield	3.09%	3.24%	-0.21%	4.12%	-0.46%	2.14%
FCF Yield	1.21%	1.31%	4.65%	3.67%	10.59%	2.70%
Buyback Yield / Dilution	0.43%	0.43%	-4.77%	-1.43%	0.42%	-1.09%
Total Shareholder Return	-	0.43%	-4.77%	-1.43%	0.42%	-1.09%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.