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Veracyte Inc (VCYT) Fair Value & Analysis

Healthcare · US · Market cap $4.5B · ISIN US92337F1075

What is Veracyte Inc really worth?

VI Veracyte Inc logo Veracyte Inc VCYT · US
Price$44.67
Fair Value$18.29
Upside−59.1%
Quality71/100

A solid business, but trading 144% above our fair value of $18.29.

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Strengths

Healthy Growth (revenue 5y +34.5 %/yr)
Solidly profitable · 16.3% net margin
Low debt · generates free cash flow

Risks

!Mixed vs. peers (7/14)
!Moderate moat 52/100
!Weak on past: 28 out of 100
!Weak on dividend: 2 out of 100
Evidence: High Range $13.72 – $22.87

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Share price −3.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A high-quality business (quality 71/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case ($22.87). The favourable scenario is already priced in.

Price vs Fair Value (5 years)

$60.49 $15.31 Fair Value $18.29 Jun 2021 Sep 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 $15.31 – $60.49 · fair‑value band $13.72 – $22.87 · the $44.67 price screens above the $18.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Veracyte Inc (VCYT) currently trades at $44.67, while our model-based Fair Value estimate is $18.29, implying the stock looks roughly 144.3% overvalued today. The Quality Score stands at 71/100 (solid quality), in the Healthcare sector. Bull case: the DCF Models group reads highest at a median of $37.42 per share, and 1 of the 26 models we run sit above the $44.67 price. Bear case: the Asset-Based group reads lowest at $11.00, and 25 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Veracyte Inc generated revenue of $542M at a net margin of 16.3%. Revenue grew 21.5% year over year. It earns a return on equity of 6.9%. The balance sheet holds a net cash position of $323M. Fundamentals as of Aug 13, 2026

Our scenario range runs from $13.72 (bear case) to $22.87 (bull case); at $44.67, 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 12% below its 52-week high and 98% above its 52-week low, currently above its 200-day average. For context, the median of 10 Healthcare peers we cover trades at −54% fair-value upside, at −59%, VCYT screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $0.7308 per share, which is 4.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF $29.78 $43.40 $85.87 77
Growth DCF $28.24 $47.15 $84.15 76
Residual Income $12.33 $12.30 $11.47 76
All 26 models by family
DCF Models
FCF DCF $29.78 $43.40 $85.87 77
Owner Earnings $19.07 $36.74 $72.48 72
5Y Revenue Exit $18.44 $26.55 $43.37 71
5Y EBITDA Exit $21.03 $31.80 $52.84 73
5Y P/E Exit $21.88 $40.41 $65.18 69
10Y Revenue Exit $21.70 $37.42 $45.94 67
10Y EBITDA Exit $23.92 $42.88 $74.41 66
10Y P/E Exit $24.52 $44.66 $76.62 61
Earnings-Based
Graham-Dodd $5.65 $39.43 $55.34 63
Lynch FV $16.99 $24.27 $31.54 61
PEG = 1.0 $16.99 $24.27 $31.54 57
EPV $12.14 $13.34 $14.37 74
Dividend Discount
Gordon GGM $0.3500 $0.6900 $1.05 67
DDM Multi-Stage $0.3500 $0.6000 $0.7300 67
Multiples
P/E Multiple $13.72 $18.29 $22.87 63
P/S Multiple $10.60 $14.14 $17.67 58
P/B Multiple $10.60 $14.14 $17.67 55
EV/EBIT $16.38 $20.33 $24.28 66
EV/EBITDA $17.11 $21.30 $25.49 67
EV/Revenue $12.99 $16.61 $20.24 54
Asset-Based
NCAV (Graham) $8.21 $11.00 $16.41 54
Growth DCF
Growth DCF $28.24 $47.15 $84.15 76
Rev-Margin DCF $19.09 $29.75 $50.82 71
Economic Profit
Residual Income $12.33 $12.30 $11.47 76
ROIC Compounder $12.14 $13.34 $14.37 72
Growth Earnings
Growth-Adj P/E $21.36 $30.52 $39.67 67

Widest divergence: DCF Models ($37.42) versus Dividend Discount ($0.6000). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 42.1
P/S ratio 5.41 P/E × margin
EPS (TTM) $1.06 price ÷ EPS = P/E 42.1
Dividend yield 0.1% payout 3.3%
Net margin 12.8% FY2025
Return on equity 6.9% TTM
More key figures
Profitability
Return on assets (EBIT) −2.3% avg 5y
Operating margin 16.3% TTM
Growth
Revenue (TTM) $542M TTM
Revenue growth (YoY) +21.5% 3y avg +20.4%
EPS growth (YoY) +289%
Balance sheet & cash flow
Free cash flow $127M FY2025
Net cash $323M FY2025

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

Quality Score breakdown

Overall quality 71/100

Of which business quality 73 · Market factors (momentum, volatility) 48

Profitability 39
Margins and returns on capital today
Quality Growth 78
Are margins and returns improving?
Cashflow 96
Earnings quality: real cash, not paper profit
Fin. Strength 97
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 71
Distance to the 52-week high (market factor)
Net Issuance 45
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Veracyte, Inc. operates as a diagnostics company in the United States and internationally. The company offers Afirma Genomic Sequencing Classifier for cancerous thyroid nodules; Decipher Prostate Genomic Classifiers for prostate cancer diagnosis; Decipher Bladder Genomic Classifier for bladder cancer diagnosis; Prosigna Breast Cancer Assay for breast cancer …

Full company description

Veracyte, Inc. operates as a diagnostics company in the United States and internationally. The company offers Afirma Genomic Sequencing Classifier for cancerous thyroid nodules; Decipher Prostate Genomic Classifiers for prostate cancer diagnosis; Decipher Bladder Genomic Classifier for bladder cancer diagnosis; Prosigna Breast Cancer Assay for breast cancer diagnosis; and Percepta Nasal Swab Test for lung cancer diagnosis. It also provides the nCounter analysis system services. The company was formerly known as Calderome, Inc. and changed its name to Veracyte, Inc. in March 2008. Veracyte, Inc. was incorporated in 2006 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

Veracyte Inc reported revenue of $517M in FY2025 versus $220M in FY2021, a compound +23.9%/yr. Reported net income was $66.4M in FY2025.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$517M
Latest YoY
+16.0%
Avg. revenue 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.
+20.4%
Avg. revenue 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.
+34.5%
Avg. revenue growth/yr (14Y) 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.
+45.8%
Value creation/yr We only publish this rate when it is defensible. Reason: no profitable base year
not computed
Revenue +23.9%/yr
FY21 $220M
FY22 $297M
FY23 $361M
FY24 $446M
FY25 $517M
Net income
FY21 −$75.6M
FY22 −$36.6M
FY23 −$74.4M
FY24 $24.1M
FY25 $66.4M

VCYT screens 144% overvalued. Compare with Thermo Fisher Scientific Inc →

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Cite: Fair Value Calculator (2026). "Veracyte Inc Fair Value". https://www.fairvalue-calculator.com/stock/VCYT

Peer Group

Diagnostics & Research · 130 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 71 · Top 25%
Fair Value upside −59% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 4% · Above median
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 16% · Above median
Revenue growth 22% · Top 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.00× · Lower than 75% of peers

Valuation Multiples vs Diagnostics & Research median · lower = cheaper

P/E (TTM) 42.1× · Pricier than median
P/B 3.45× · Pricier than median
P/S (TTM) 8.34× · Pricier than 75% of peers
P/FCF 35.7× · Pricier than 75% of peers
EV/EBITDA 39.9× · Pricier than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 30
PAST28 · sector 12
HEALTH100 · sector 96
DIVIDEND2 · sector 20

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

Similar stocks

10 more Diagnostics & Research stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Thermo Fisher Scientific Inc TMO $630.70 $308.19 −51%
Danaher Corporation DHR $215.68 $103.88 −52%
WuXi AppTec Co 2359 HK$189.30 HK$150.16 −21%
Lonza Group LONN CHF 576.60 CHF 259.80 −55%
IDEXX Laboratories, Inc IDXX $556.69 $255.77 −54%
Agilent Technologies, Inc A $149.93 $61.53 −59%
Waters Corporation WAT $416.15 $121.96 −71%
IQVIA Holdings IQV $236.66 $132.17 −44%
Illumina, Inc ILMN $215.59 $95.51 −56%
Mettler-Toledo International Inc MTD $1,419 $615.78 −57%

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Frequently asked questions

Is Veracyte Inc (VCYT) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of $18.29 versus a price of $44.67, about −59% upside (overvalued).
What is the fair value of VCYT?
Our model-based fair value for Veracyte Inc is $18.29 (as of Aug 13, 2026), built from audited fundamentals. The current price: $44.67.
What is the quality score of VCYT?
Veracyte Inc has a Quality Score of 71/100. 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 Veracyte Inc (VCYT)?
Veracyte Inc reported trailing-twelve-month revenue of about $542M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of VCYT?
The net profit margin of Veracyte Inc is about 16.3%, meaning it keeps roughly 16.3% of revenue as net income. Based on the latest reported figures.
Does Veracyte Inc pay a dividend?
Veracyte Inc currently shows a dividend yield of about 0.08% relative to its recent price (as of Aug 13, 2026).
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