Biogen Inc. logo BIIB - Biogen Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 29
HOLD 18
SELL 1
STRONG
SELL
0
| PRICE TARGET: $219.72 DETAILS
HIGH: $260.00
LOW: $157.00
MEDIAN: $225.00
CONSENSUS: $219.72
UPSIDE: 5.11%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Mild
Trading 0.2% above fair value
Current Price $209.03
Bear Case $178.87 14.4% downside ($178.87 - $209.03) / $209.03 = -14.4% $14.57 × 12x P/E
Fair Value $208.67 0.2% downside ($208.67 - $209.03) / $209.03 = -0.2% $14.57 × 14x P/E
Bull Case $238.49 14.1% upside ($238.49 - $209.03) / $209.03 = 14.1% $14.57 × 16x P/E

Adjust Assumptions

14.0x
14.57$

Key Value Driver

Normalized P/E multiple (14x base case)

Implied Market Multiple 14.3x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $219.72 from 48 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $208.67 per share.

Warnings

The company's reported profits differ from official accounting profits by 65%. Check what costs are being left out of the adjusted number.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples