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PepGen (PEPG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

PepGen
NasdaqGS•Healthcare•Biotechnology
$3.11-0.07(-0.02%)Market closed
Market Cap
$200.34M
P/B
1.7x

PepGen Inc., a clinical-stage biotechnology company, develops oligonucleotide therapeutics for the treatment of severe neuromuscular and neurologic diseases in the United States. The company engages in the development of PGN-EDODM1, an EDO peptide-conjugated PMO, which is in Phase 2 clinical trial for the treatment of myotonic dystrophy type 1; and FREEDOM2-DM1, which is in Phase 2 for the treatment of myotonic dystrophy type 1. It is also involved in FREEDOM-OLE, an open label expansion study. The company was founded in 2018 and is based in Boston, Massachusetts.

C

How this company scores

AverageMetricSide Score: 40/100

Strongest: Balance Sheet & Red Flags (15/25); weakest: Growth (6/25).

Profitability11/25
Growth6/25
Balance Sheet & Red Flags15/25
Cash & Earnings Quality8/25
Strengths
Interest easily coveredProfit converts from growthNet cash positionImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/B · 1.7x5y range 0.5x – 3.3x
P/B 1.7x · near its 17-quarter median

Currently near its 17-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume
Market Cap $200.34M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$0
Q. Revenue
$0
TTM EBITDA
$-74.94M
5Q
TTM Op. Income
$-76.24M
5Q
Q. Op. Income
$-18.94M
2Q
TTM Net Income
$-71.94M
5Q
Q. Net Income
$-17.81M
23%
EPS
$-0.26
63%
Shares Out.
$69.20M
7Q
$0 in TTM revenue was flat at zero YoY, reaching $0 last quarter. TTM EBITDA of $-74.94M and TTM operating income of $-76.24M show growth is flowing through to the bottom line. However, net income is negative at $71.94M — growth is not yet reaching the bottom line.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
N/A
Op. Margin
-1893900000.0%
2Q
Net Margin
-1781200000.0%
23%
Op. margin of -1893900000.0% is up 499300000.0% YoY — cost efficiency is improving. Net margin at -1781200000.0% Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
N/A
P/S Ratio
N/A
P/B Ratio
1.7x
228%
P/S of 0.0x and P/B of 1.7x.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$141.40M
3Q
Cash
$22.76M
3Q
Long-Term Debt
N/A
Book Value
$119.53M
3Q
D/E Ratio
N/A
Debt/EBITDA
N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$-15.81M
33%
TTM Free Cash Flow
$-69.46M
4Q
FCF Margin
N/A
FCF / Net Income
1.0
3%
TTM FCF of $-69.46M on $-15.81M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.

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Cash Burn

Red Flag

The last 8 consecutive quarters had negative FCF — the company is burning cash and may need external funding.

Share Dilution

Red Flag

Shares outstanding increased 112.4% — significant dilution, likely from stock compensation or capital raises.