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Rigel Pharmaceuticals, Inc (RIGL) Fair Value & Analysis

Healthcare · US · Market cap $661M

RP Rigel Pharmaceuticals, Inc logo Rigel Pharmaceuticals, Inc RIGL · US
Price$40.79
Fair Value$119.47
Upside+192.9%
Quality67/100
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Mixed Growth
Highly profitable · 121.5% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Moderate moat 60/100
Evidence: High Range $71.89 – $222.36 Share as image

Fair value as of: Aug 14, 2026

From 23 valuation models · updated today

Fair value updated Aug 14, 2026, revised from $120.66 to $119.47 (−1.0%) since Jul 18, 2026. Share price −0.9% over the past month.

A solid business, screening 193% undervalued on our models.

What matters now

  • The price is below even our cautious bear case ($71.89). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide ($71.89 to $222.36). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

$50.96 $6.70 Fair Value $119.47 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.

How to read this chart

60‑month range $6.70 – $50.96 · fair‑value band $71.89 – $222.36 · the $40.79 price screens below the $119.47 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 14, 2026.

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Analysis

Rigel Pharmaceuticals, Inc (RIGL) currently trades at $40.79, while our model-based Fair Value estimate is $119.47, implying the stock looks roughly 192.9% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Healthcare sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Trailing-twelve-month revenue stands at $300M. Revenue grew 10.3% year over year. It earns a return on equity of 174.1%. Net debt stands at $12.7M. Fundamentals as of Aug 14, 2026

Our scenario range runs from $71.89 (bear case) to $222.36 (bull case); at $40.79, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 22% below its 52-week high and 125% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -47% fair-value upside, at 193%, RIGL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $53.12 $91.10 $150.79 80
Residual Income $106.59 $182.59 $4,048 76
Rev-Margin DCF $47.82 $82.10 $153.98 74
All 23 models by family
DCF Models
FCF DCF $56.64 $82.23 $158.71 38
5Y Revenue Exit $43.56 $71.89 $130.94 39
5Y EBITDA Exit $68.96 $123.18 $229.55 41
5Y P/E Exit $244.84 $605.37 $1,107 38
10Y Revenue Exit $46.93 $94.46 $122.60 36
10Y EBITDA Exit $65.14 $144.34 $282.70 37
10Y P/E Exit $182.47 $489.74 $1,016 35
Earnings-Based
Graham-Dodd $134.89 $940.71 $1,320 54
Lynch FV $486.00 $694.29 $902.58 50
PEG = 1.0 $486.00 $694.29 $902.58 46
EPV $49.80 $56.46 $62.01 59
Multiples
P/E Multiple $327.31 $436.41 $545.51 63
P/S Multiple $41.75 $55.67 $69.59 58
P/B Multiple $71.41 $95.21 $119.02 55
EV/EBIT $87.44 $116.26 $145.08 53
EV/EBITDA $73.55 $97.74 $121.93 54
EV/Revenue $34.38 $48.69 $63.01 43
Asset-Based
NCAV (Graham) $10.58 $14.18 $21.16 50
Growth DCF
Growth DCF $53.12 $91.10 $150.79 80
Rev-Margin DCF $47.82 $82.10 $153.98 74
Economic Profit
Residual Income $106.59 $182.59 $4,048 76
ROIC Compounder $63.73 $93.15 $123.28 72
Growth Earnings
Growth-Adj P/E $645.14 $921.62 $1,198 68

Widest divergence: Growth Earnings ($921.62) versus Asset-Based ($14.18). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $300M
Revenue growth (YoY) +10.3%
Net margin 122%
Return on equity 174%
Free cash flow $75.7M FY2025
P/E ratio 2.1
More key figures
Operating margin 20.2%
EPS (TTM) $19.29
EPS growth (YoY) -30.2%
Net debt $12.7M FY2025

Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 69 · Market factors (momentum, volatility) 52

Profitability 87
Margins and returns on capital today
Quality Growth 78
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 24
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 60
Distance to the 52-week high (market factor)
Net Issuance 34
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Rigel Pharmaceuticals, Inc., a biotechnology company, develops and provides therapies that enhance the lives of patients with hematologic disorders and cancer in the United States.

Full company description

Rigel Pharmaceuticals, Inc., a biotechnology company, develops and provides therapies that enhance the lives of patients with hematologic disorders and cancer in the United States. The company offers TAVALISSE, an oral spleen tyrosine kinase inhibitor for the treatment of adult patients with chronic immune thrombocytopenia; REZLIDHIA, a non-intensive monotherapy to treat adult patients with relapsed or refractory (R/R) acute myeloid leukemia (AML) with a susceptible isocitrate dehydrogenase-1 (IDH1) mutation as detected by an FDA-approved test; and GAVRETO, a once daily, small molecule, oral, kinase inhibitor for the treatment of adult patients with metastatic rearranged during transfection (RET) fusion-positive non-small cell lung cancer (NSCLC), as well as to treat adult and pediatric patients twelve years of age and older with advanced or metastatic RET fusion-positive thyroid cancer. It also develops R289, an oral interleukin receptor-associated kinases 1 and 4 (IRAK1/4) inhibitor, which is being advanced to Phase 1b study for the treatment of hematology-oncology, autoimmune, and inflammatory diseases, as well as to treat lower-risk myelodysplastic syndrome. The company has strategic development collaboration with The University of Texas MD Anderson Cancer Center (MDACC) for the development of olutasidenib in AML and other hematologic cancers with IDH1mutations; and the Collaborative Network for Neuro-Oncology Clinical Trial (CONNECT) to conduct a Phase 2 clinical trial to evaluate olutasidenib in combination with temozolomide in patients with high-grade glioma harboring an IDH1 mutation. Rigel Pharmaceuticals, Inc. was incorporated in 1996 and is headquartered in South San Francisco, California.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rigel Pharmaceuticals, Inc reported revenue of $294M in FY2025 versus $149M in FY2021, a compound +18.5%/yr. Reported net income was $367M in FY2025.

Growth Quality 77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$294M
Latest YoY
+64.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+34.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.1%
Avg. growth/yr (26Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.4%
Revenue +18.5%/yr
FY21 $149M
FY22 $120M
FY23 $117M
FY24 $179M
FY25 $294M
Net income
FY21 −$17.9M
FY22 −$58.6M
FY23 −$25.1M
FY24 $17.5M
FY25 $367M

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Cite: Fair Value Calculator (2026). "Rigel Pharmaceuticals, Inc Fair Value". https://www.fairvalue-calculator.com/stock/RIGL

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Biotechnology · 600 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 67 · Top 25%
Fair Value upside +193% · Top 25%
Return on equity (TTM) 174% · Top 25%
Return on assets 23% · Top 25%
Net margin (TTM) 122% · Top 25%
Operating margin (TTM) 20% · Top 25%
Revenue growth 10% · Above median
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 2.1× · Cheaper than 75% of peers
P/B 1.69× · Pricier than median
P/S (TTM) 2.21× · Cheaper than median
P/FCF 8.7× · Pricier than median
EV/EBITDA 5.1× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 0
FUTURE 52 · sector 0
PAST 100 · sector 0
HEALTH 97 · sector 97
DIVIDEND 0 · sector 23

Insider activity: 46/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Biotechnology stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $525.73 $278.78 -47%
Regeneron Pharmaceuticals, Inc REGN $797.99 $594.40 -26%
Samsung Biologics Co 207940 1,549,000 KRW 1,055,793 KRW -32%
Celltrion, Inc 068270 202,000 KRW 74,519 KRW -63%
WuXi Biologics (Cayman) Inc 2269 HK$45.70 HK$30.58 -33%
Innovent Biologics, Inc 1801 HK$95.55 HK$19.68 -79%
Genmab A/S GMAB kr 2,037 kr 250.07 -88%
Sino Biopharmaceutical Limited 1177 HK$4.87 HK$3.37 -31%
RemeGen Co 688331 ¥131.87 ¥23.19 -82%
ALTEOGEN Inc 196170 317,500 KRW 39,476 KRW -88%

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Frequently asked questions

Is Rigel Pharmaceuticals, Inc (RIGL) overvalued or undervalued?
As of Aug 14, 2026, our model estimates a fair value of $119.47 versus a price of $40.79, about +193% (undervalued).
What is the fair value of RIGL?
Our model-based fair value for Rigel Pharmaceuticals, Inc is $119.47 (as of Aug 14, 2026), built from audited fundamentals. The current price is $40.79.
What is the quality score of RIGL?
Rigel Pharmaceuticals, Inc has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Rigel Pharmaceuticals, Inc (RIGL)?
Rigel Pharmaceuticals, Inc reported trailing-twelve-month revenue of about $300M (latest available figure, as of Aug 14, 2026).
What is the net profit margin of RIGL?
The net profit margin of Rigel Pharmaceuticals, Inc is about 121.5%, meaning it keeps roughly 121.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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