PHAR

Pharming Group N.V.

Healthcare · $834M market cap

Is PHAR undervalued?

Share price

$11.90

as of Oct 27, 2026

Fair value

$7.74

Sticker Price

Payback Price

$3.10

buy price

Overpriced

PHAR is Overpriced: at $11.90 it trades 54% above its fair value of $7.74. Its buy price (Payback Price) is $3.10, 74% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

EV/EBITDA. Depreciation and interest costs distort its earnings, so the earnings-based methods gave an unrealistic answer. We value the whole business on its operating profit before those costs (EBITDA) instead, then adjust for debt and cash.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth-37.3% a year✗
Equity per share growth13.6% a year✓
Sales growth13.7% a year✓
Free cash flow growth1.7% a year✗
Return on invested capital-1.7%✗

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Questions about PHAR

What is PHAR's fair value?

$7.74 as of Oct 27, 2026, worked out with the EV/EBITDA. Depreciation and interest costs distort its earnings, so the earnings-based methods gave an unrealistic answer. We value the whole business on its operating profit before those costs (EBITDA) instead, then adjust for debt and cash.

At what price would PHAR be a buy?

At or below its buy price of $3.10, a 60% margin of safety below its fair value.

Is PHAR undervalued right now?

PHAR is Overpriced: at $11.90 it trades 54% above its fair value and 284% above its buy price.

How can I check PHAR's value myself?

Use the free Sticker Price calculator, already filled with PHAR's numbers. Change the growth, P/E or required return and see what you'd pay. Open the calculator →

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About Pharming Group N.V.

Pharming Group N.V. is a biopharmaceutical company dedicated to the creation and commercialization of protein replacement therapies and precision medicines. The firm concentrates its efforts on addressing rare diseases and critical unmet medical needs across the United States, Europe, and other international markets. Its primary commercialized product is Ruconest, a recombinant human C1 esterase inhibitor utilized for the acute treatment of hereditary angioedema. Pharming's development pipeline also includes rhC1INH, which is being investigated for conditions such as pre-eclampsia, acute kidney injury, and COVID-19. Additionally, the company is developing leniolisib, a phosphoinositide 3-kinase delta (PI3K delta) inhibitor designed for patients with activated PI3K delta syndrome, as well as an alpha-glucosidase therapy targeting Pompe and Fabry diseases. The company has established significant collaborations, including a development and licensing agreement with Novartis. It also maintains a strategic partnership with Orchard Therapeutics plc for the research, development, manufacturing, and commercialization of OTL-105, an investigational ex-vivo autologous hematopoietic stem cell gene therapy intended for hereditary angioedema. Pharming Group N.V. is headquartered in Leiden, the Netherlands.

Biotechnology

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of Oct 27, 2026. How the Payback Price works