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Travere Therapeutics, Inc (TVTX) Fair Value & Analysis

Healthcare · US · Market cap $5.3B

TT Travere Therapeutics, Inc logo Travere Therapeutics, Inc TVTX · US
Price$61.43
Fair Value$2.34
Upside-96.2%
Quality35/100
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Mixed Growth
Loss-making · -4.0% net margin
High debt · generates free cash flow
Trails peers (2/11)
Narrow moat 14/100
Evidence: Medium Range $0.9860 – $3.68 Share as image

Fair value as of: Aug 13, 2026

From 9 valuation models · updated today

Share price +7.7% over the past month.

Below-average quality, and screening another 96% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($3.68). The favourable scenario is already priced in.
  • Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide ($0.9860 to $3.68). The outcome hinges heavily on assumptions, so read the point estimate with caution.
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Price vs Fair Value (5 years)

$62.76 $5.26 Fair Value $2.34 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range $5.26 – $62.76 · fair‑value band $0.9860 – $3.68 · the $61.43 price screens above the $2.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Travere Therapeutics, Inc (TVTX) currently trades at $61.43, while our model-based Fair Value estimate is $2.34, implying the stock looks roughly 96.2% overvalued today. The Quality Score stands at 35/100 (below-average quality), in the Healthcare sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Travere Therapeutics, Inc generated revenue of $536M at a net margin of -4.0%. Revenue grew 55.6% year over year. It earns a return on equity of -69.4%. Net debt stands at $236M. Fundamentals as of Aug 13, 2026

Our scenario range runs from $0.9860 (bear case) to $3.68 (bull case); at $61.43, the current price sits above 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 near its 52-week high and 343% 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 -96%, TVTX screens richer 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely ($0.8300 to $17.63). Read the values as a conservative anchor, not as a price target.
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 $3.72 $8.56 $18.03 80
Rev-Margin DCF $2.42 $6.90 $15.27 74
Gordon GGM $8.85 $17.63 $26.70 70
All 9 models by family
DCF Models
FCF DCF $4.11 $7.60 $18.47 38
5Y Revenue Exit $2.42 $5.74 $12.66 39
10Y Revenue Exit $2.84 $8.62 $12.16 36
Dividend Discount
Gordon GGM $8.85 $17.63 $26.70 70
DDM Multi-Stage $8.85 $15.24 $18.61 61
Multiples
EV/Revenue $1.35 $2.93 $4.51 43
Asset-Based
NCAV (Graham) $0.6200 $0.8300 $1.23 50
Growth DCF
Growth DCF $3.72 $8.56 $18.03 80
Rev-Margin DCF $2.42 $6.90 $15.27 74

Widest divergence: Dividend Discount ($15.24) versus Asset-Based ($0.8300). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $536M
Revenue growth (YoY) +55.6%
Net margin -4.0%
Return on equity -69.4%
Free cash flow $37.8M FY2025
Operating margin -29.0%
More key figures
EPS (TTM) $-0.5000
Net debt $236M FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 39 · Market factors (momentum, volatility) 78

Profitability 32
Margins and returns on capital today
Quality Growth 92
Are margins and returns improving?
Cashflow 26
Earnings quality: real cash, not paper profit
Fin. Strength 42
Balance sheet, leverage, solvency risk
Investment 48
Disciplined investing over empire-building
Low Volatility 27
Calm price path (market factor)
Momentum 99
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 0
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

Travere Therapeutics, Inc., a biopharmaceutical company, identifies, develops, and delivers therapies to people living with rare kidney and metabolic diseases in the United States.

Full company description

Travere Therapeutics, Inc., a biopharmaceutical company, identifies, develops, and delivers therapies to people living with rare kidney and metabolic diseases in the United States. The company's products include FILSPARI (sparsentan), a once-daily, oral medication designed to target two critical pathways in the disease progression of IgA Nephropathy (endothelin 1 and angiotensin-II); and Thiola and Thiola EC (tiopronin tablets) for the treatment of cystinuria, a rare genetic cystine transport disorder that causes high cystine levels in the urine and the formation of recurring kidney stones. Its clinical-stage programs consist of Sparsentan, a novel investigational product candidate, which has been granted Orphan Drug Designation for the treatment of focal segmental glomerulosclerosis in the U.S. and Europe; and Pegtibatinase, a novel investigational human enzyme replacement candidate being evaluated for the treatment of classical homocystinuria. It has a collaboration agreement with PharmaKrysto Limited for the pre-clinical activities associated with the cystinuria program. Travere Therapeutics, Inc. was formerly known as Retrophin, Inc. and changed its name to Travere Therapeutics, Inc. in November 2020. The company is headquartered in San Diego, California.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Travere Therapeutics, Inc reported revenue of $491M in FY2025 versus $132M in FY2021, a compound +38.9%/yr. Reported net income was −$25.5M in FY2025.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$491M
Latest YoY
+110.5%
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.
+64.9%
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.
+19.9%
Avg. growth/yr (11Y) 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.
+29.7%
Revenue +38.9%/yr
FY21 $132M
FY22 $109M
FY23 $145M
FY24 $233M
FY25 $491M
Net income
FY21 −$180M
FY22 −$278M
FY23 −$111M
FY24 −$322M
FY25 −$25.5M

TVTX screens 96% overvalued. Compare with Vertex Pharmaceuticals Incorporated →

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Cite: Fair Value Calculator (2026). "Travere Therapeutics, Inc Fair Value". https://www.fairvalue-calculator.com/stock/TVTX

Earlier 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 35 · Below median
Fair Value upside −96% · Bottom 25%
Return on assets -6% · Above median
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) -29% · Bottom 25%
Revenue growth 56% · Top 25%
Debt / equity 2.72× · Higher than 75% of peers

Valuation Multiples vs Biotechnology median · lower = cheaper

P/B 45.93× · Pricier than 75% of peers
P/S (TTM) 9.84× · Pricier than median
P/FCF 139.6× · Pricier 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 0 · sector 0
FUTURE 100 · sector 0
PAST 0 · sector 0
HEALTH 0 · sector 97
DIVIDEND 0 · sector 23

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 13, 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 Travere Therapeutics, Inc (TVTX) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $2.34 versus a price of $61.43, about −96% (overvalued).
What is the fair value of TVTX?
Our model-based fair value for Travere Therapeutics, Inc is $2.34 (as of Aug 13, 2026), built from audited fundamentals. The current price is $61.43.
What is the quality score of TVTX?
Travere Therapeutics, Inc has a Quality Score of 35/100. 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 Travere Therapeutics, Inc (TVTX)?
Travere Therapeutics, Inc reported trailing-twelve-month revenue of about $536M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TVTX?
The net profit margin of Travere Therapeutics, Inc is about -4.0%, meaning it is currently running at a net loss. 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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