Biogen Inc
Research Biogen Inc (BIIB) on Bullrun: valuation model: 22.4% overvalued, market cap USD 33.34B, P/E 40.0. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerBIIB
- ExchangeNASDAQ
- CountryUnited States
- SectorHealthcare
- IndustryDrug Manufacturers-General
- CurrencyUSD
- Valuation signal22.4% overvalued
- Market capUSD 33.34B
- P/E40.0
- Financial periodQ2 2026
- RevenueUSD 2.74B
- Net incomeUSD 97.50M
- Free cash flowUSD 308.00M
- Gross margin71.6%
Valuation Snapshot
Bullrun's latest valuation model marks Biogen Inc as 22.4% overvalued; latest market cap is USD 33.34B; P/E is 40.0.
Peer valuation comparison
Latest P/E is 39.97x versus a Healthcare sector median of 24.61x (62.4% above).
Latest P/E is 39.97x versus a United States median of 23.85x (67.6% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 9.89B | USD 1.29B | USD 2.05B | 75.7% | 8.79 | USD 3.01B | USD 6.29B | USD 18.26B |
| FY2024 | USD 9.68B | USD 1.63B | USD 2.72B | 76.1% | 11.18 | USD 2.38B | USD 6.30B | USD 16.72B |
| FY2023 | USD 9.84B | USD 1.16B | USD 1.27B | 74.2% | 7.97 | USD 1.05B | USD 6.94B | USD 14.80B |
| FY2022 | USD 10.17B | USD 3.05B | USD 1.14B | 77.6% | 20.87 | USD 3.42B | USD 6.28B | USD 13.40B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 33.34B | 40.0 | n/a | n/a |
| 2025 | 2025-12-31 | USD 25.84B | 20.0 | n/a | n/a |
| 2024 | 2024-12-31 | USD 22.28B | 13.7 | n/a | n/a |
| 2023 | 2023-12-29 | USD 37.50B | 25.7 | n/a | n/a |
| 2022 | 2022-12-30 | USD 39.88B | 14.1 | n/a | n/a |
| 2021 | 2021-12-31 | USD 35.27B | 23.1 | n/a | n/a |
About Biogen Inc
Biogen Inc. discovers, develops, manufactures, and delivers therapies in the United States, Europe, Germany, Asia, and internationally. The company provides TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, and TYSABRI for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; SKYCLARYS to treat Friedreich's Ataxia; QALSODY for treating amyotrophic lateral sclerosis; FUMADERM to treat plaque psoriasis; BENEPALI, an etanercept biosimilar referencing ENBREL; IMRALDI, an adalimumab biosimilar referencing HUMIRA;
ETFs that hold Biogen Inc
Biogen Inc is one of the ten largest holdings of 14 ETFs that investors in Europe can buy. The 8 most traded of them:
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Frequently asked questions
Is Biogen Inc overvalued or undervalued?
Bullrun's valuation model currently marks Biogen Inc as 22.4% overvalued.
What is Biogen Inc's market cap?
Biogen Inc's market capitalization is USD 33.34B.
What is Biogen Inc's P/E ratio?
Biogen Inc's price-to-earnings (P/E) ratio is 40.0.
What does Biogen Inc do?
Biogen Inc. discovers, develops, manufactures, and delivers therapies in the United States, Europe, Germany, Asia, and internationally. The company provides TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, and TYSABRI for multiple sclerosis (MS); SPINRAZA for spinal muscular atrophy; SKYCLARYS to treat Friedreich's Ataxia; QALSODY for treating amyotrophic lateral sclerosis; FUMADERM to treat plaque psoriasis; BENEPALI, an etanercept biosimilar referencing ENBREL; IMRALDI, an adalimumab biosimilar referencing HUMIRA; FLIXABI, an infliximab biosimilar referencing REMICADE.