Puma Biotechnology, Inc. (PBYI) AI Stock Analysis

NASDAQ: PBYIAI research summary: business, growth, valuation, analysts, bull and bear case.

PBYI AI stock analysis summary

AI Research

Puma Biotechnology, Inc. (PBYI) is a commercial-stage biopharmaceutical company focused on oncology therapies, notably PB272 neratinib. The company delivered $231.2M in trailing twelve-month revenue with an operating margin of 13.4% and net cash of $89.1M as of June 30, 2026. While its 1-year stock return reached 81.7%, analysts project earnings to decline 26.7% in the current fiscal year.

Market cap
$507.4M
Revenue (TTM)
$231.2M
P/E
19.3x
fwd 3.5x
1Y return
81.7%
S&P 500 16.8%
Avg. target
$6.00
-39.0% vs last close

Bull case

  • Puma generated $41.7M in free cash flow in FY2025, supported by high gross margins of 74.5%.
  • The balance sheet holds $89.1M in net cash with a low debt-to-equity ratio of 0.03 as of June 30, 2026.
  • Puma trades at a forward P/E of 3.5x and EV/EBITDA of 8.6x, well below the US-listed Healthcare peer medians of 17.3x and 12.0x.

Bear case

  • Analysts project EPS to drop 26.7% to $0.55 in FY2026 and another 36.4% to $0.35 in the following fiscal year.
  • The consensus analyst price target of $6.00 implies a 39.0% decline from the last closing price of $9.83.
  • Revenue growth has remained flat over the long term, with a 5-year compound annual growth rate of just 0.3%.

What Puma Biotechnology does

Puma Biotechnology, Inc. is a biopharmaceutical company headquartered in Los Angeles, California, dedicated to advancing cancer care. Founded in 2010, the company develops and commercializes therapies for unmet oncology needs, centered on drug candidates such as PB272 neratinib. This oral treatment addresses early-stage HER2-overexpressed breast cancer and is evaluated with capecitabine for advanced HER2-positive breast cancer and HER2 mutation-positive solid tumors. Puma maintains license agreements with Pfizer, Inc. and sub-license agreements with partners including Specialised Therapeutics Asia Pte Ltd., CANbridge BIOMED Limited, and Knight Therapeutics, Inc.

Growth and profitability

Puma's annual revenue moved from $253.2M in FY2021 to $228.4M in FY2025, reflecting a 5-year compound annual growth rate of 0.3%. Despite revenue falling 0.9% in FY2025, operating margin improved to 16.3%, and net income reached $31.1M, up from a net loss of -$29.1M in FY2021. Gross margin remained steady, registering 74.5% in FY2025 compared to 74.8% in FY2021. Over the trailing twelve months, revenue reached $231.2M with a profit margin of 11.6% and diluted EPS of $0.51. In the latest quarter ended June 30, 2026, quarterly revenue grew 7.8% year-over-year, while quarterly earnings expanded 35.8%.

PBYI income statement →

Balance sheet and cash flow

As of June 30, 2026, Puma Biotechnology held $93.9M in cash and short-term investments against $4.8M in total debt, yielding net cash of $89.1M. Its current ratio stood at 2.91, and its debt-to-equity ratio was 0.03 alongside shareholders' equity of $138.5M and total assets of $192.7M. In FY2025, operating cash flow was $41.8M and free cash flow was $41.7M, while capital expenditures were limited to $71,000. Over five years, the company's share count increased 28.1%.

PBYI balance sheet →

Valuation and performance

Trading at $9.83 on October 16, 2026, Puma Biotechnology carries a market capitalization of $507.4M and an enterprise value of $390.2M. The stock trades at a trailing P/E of 19.3x, a forward P/E of 3.5x, and an EV/EBITDA of 8.6x, below the median of its US-listed Healthcare peers at 24.6x, 17.3x, and 12.0x, respectively. Its price-to-sales multiple is 2.2x versus the peer median of 4.1x. Over the past year, Puma gained 81.7%, outperforming the S&P 500 return of 16.8%, though its 5-year return of 62.5% trailed the index's 83.0%.

PBYI key metrics →

What analysts expect

A single analyst covers Puma Biotechnology, setting a mean price target of $6.00, which sits 39.0% below the last close of $9.83. For the current fiscal year ending December 31, 2026, EPS is estimated at $0.55, representing a decline of 26.7%, before dropping further to $0.35 in the next fiscal year. Despite projected earnings declines, Puma beat EPS expectations in each of the last 4 quarters. The company's next earnings report is scheduled for November 5, 2026.

PBYI forecast and price target →

Key risks and what to watch

  • Shareholder dilution has been substantial, with total share count increasing 28.1% over a 5-year period.
  • Short interest is elevated, with short percent of float standing at 9.7%.
  • Annual top-line performance has fluctuated, including a 0.9% revenue decline in FY2025.
  • The stock has shown greater volatility than the broader market, demonstrated by a beta of 1.21.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this PBYI AI stock analysis

This page is an AI-written research summary of Puma Biotechnology, Inc. (PBYI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: PBYI income statement, PBYI balance sheet, PBYI key metrics, PBYI analyst forecast, PBYI chart. See the PBYI stock overview for the latest quote and news.

PBYI AI stock analysis FAQ

Does Puma Biotechnology pay a dividend?

No, Puma Biotechnology does not pay a dividend. The company directs its capital toward operations and research, including $62.1M in R&D expenses during FY2025.

What is Puma Biotechnology's net cash position?

As of June 30, 2026, Puma Biotechnology held $93.9M in cash and short-term investments and $4.8M in total debt, resulting in net cash of $89.1M.

How has PBYI stock performed compared to the S&P 500?

Over the past year, PBYI generated a return of 81.7%, outperforming the S&P 500 return of 16.8%. Over a 5-year period, its 62.5% return lagged the index return of 83.0%.

What are analysts forecasting for Puma Biotechnology's earnings?

The analyst estimate projects FY2026 EPS of $0.55, reflecting a 26.7% decline, followed by an EPS estimate of $0.35 in FY2027. The mean price target is $6.00.

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