Janux Therapeutics, Inc.

NasdaqGM:JANX Stock Report

Market Cap: US$1.0b

Janux Therapeutics Valuation

Is JANX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of JANX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: Insufficient data to calculate JANX's future cash flow value for valuation analysis.

Significantly Below Future Cash Flow Value: Insufficient data to calculate JANX's future cash flow value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for JANX?

Key metric: As JANX is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for JANX. This is calculated by dividing JANX's market cap by their current revenue.
What is JANX's PS Ratio?
PS Ratio44.6x
SalesUS$24.00m
Market CapUS$1.04b

Price to Sales Ratio vs Peers

How does JANX's PS Ratio compare to its peers?

The above table shows the PS ratio for JANX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.9x
MNKD MannKind
3.3x10.06%US$1.3b
RGNX REGENXBIO
4.5x34.35%US$730.8m
RIGL Rigel Pharmaceuticals
3.2x15.58%US$814.8m
IMCR Immunocore Holdings
4.4x18.01%US$1.9b
JANX Janux Therapeutics
44.6x45.32%US$1.0b

Price-To-Sales vs Peers: JANX is expensive based on its Price-To-Sales Ratio (44.6x) compared to the peer average (3.9x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does JANX's PS Ratio compare vs other companies in the US Biotechs Industry?

117 CompaniesPrice / SalesEstimated GrowthMarket Cap
BIIB Biogen
3.3x2.61%US$31.41b
BMRN BioMarin Pharmaceutical
3.9x10.20%US$12.97b
LEGN Legend Biotech
3.4x15.43%US$4.24b
RARE Ultragenyx Pharmaceutical
3.6x24.00%US$2.51b
JANX 44.6xIndustry Avg. 11.1xNo. of Companies117PS01632486480+
117 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: JANX is expensive based on its Price-To-Sales Ratio (44.6x) compared to the US Biotechs industry average (11.1x).

Price to Sales Ratio vs Fair Ratio

What is JANX's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

JANX PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio44.6x
Fair PS Ratio0.04x

Price-To-Sales vs Fair Ratio: JANX is expensive based on its Price-To-Sales Ratio (44.6x) compared to the estimated Fair Price-To-Sales Ratio (0x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst JANX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$17.52
US$37.06
+111.54%
46.78%US$75.00US$14.00n/a16
Aug ’27US$15.17
US$37.19
+145.14%
46.26%US$72.00US$14.00n/a16
Jul ’27US$14.66
US$37.19
+153.67%
46.26%US$72.00US$14.00n/a16
Jun ’27US$14.41
US$40.56
+181.49%
48.76%US$80.00US$14.00n/a16
May ’27US$14.34
US$44.13
+207.71%
54.80%US$100.00US$14.00n/a16
Apr ’27US$14.51
US$54.00
+272.16%
44.74%US$100.00US$25.00n/a16
Mar ’27US$13.61
US$55.25
+305.95%
46.93%US$100.00US$25.00n/a16
Feb ’27US$13.71
US$63.59
+363.81%
51.00%US$150.00US$25.00n/a17
Jan ’27US$13.80
US$65.12
+371.87%
47.94%US$150.00US$25.00n/a17
Dec ’26US$33.99
US$73.76
+117.02%
38.91%US$150.00US$25.00n/a17
Nov ’26US$28.71
US$78.59
+173.73%
47.55%US$200.00US$25.00n/a17
Oct ’26US$23.70
US$78.59
+231.60%
47.55%US$200.00US$25.00n/a17
Sep ’26US$22.72
US$82.46
+262.95%
48.64%US$200.00US$25.00n/a13
Aug ’26US$23.56
US$82.54
+250.33%
48.98%US$200.00US$25.00US$15.1713
Jul ’26US$23.22
US$84.12
+262.28%
49.45%US$200.00US$25.00US$14.6612
Jun ’26US$23.80
US$84.12
+253.45%
49.45%US$200.00US$25.00US$14.4112
May ’26US$32.05
US$85.33
+166.25%
48.29%US$200.00US$25.00US$14.3412
Apr ’26US$26.81
US$86.69
+223.36%
45.99%US$200.00US$25.00US$14.5113
Mar ’26US$32.89
US$87.85
+167.09%
45.72%US$200.00US$25.00US$13.6113
Feb ’26US$43.48
US$89.08
+104.87%
43.95%US$200.00US$25.00US$13.7113
Jan ’26US$53.54
US$92.33
+72.46%
43.32%US$200.00US$25.00US$13.8012
Dec ’25US$45.21
US$67.25
+48.75%
26.99%US$100.00US$25.00US$33.9912
Nov ’25US$54.39
US$63.64
+17.00%
28.15%US$100.00US$25.00US$28.7111
Oct ’25US$44.50
US$63.10
+41.80%
29.64%US$100.00US$25.00US$23.7010
Sep ’25US$46.98
US$62.33
+32.68%
31.39%US$100.00US$25.00US$22.729
Aug ’25US$41.46
US$63.67
+53.56%
29.90%US$100.00US$25.00US$23.569
US$37.06
Fair Value
52.7% undervalued intrinsic discount
16
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/19 22:36
End of Day Share Price 2026/08/19 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Janux Therapeutics, Inc. is covered by 20 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Etzer DaroutBarclays
Alec StranahanBofA Global Research
Joshua SchimmerCantor Fitzgerald & Co.