MeiraGTx Holdings plc (MGTX) Key Metrics
MGTX valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $891.3M
- Enterprise value
- $1.10B
- P/E (TTM)
- 10.7
- Forward P/E
- 64.1
- PEG ratio
- —
- Price / sales
- 2.2 10-yr median 27.8
- Price / book
- 5.2 10-yr median 3.2
- EV / EBITDA
- 10.4
- Dividend yield
- —
- Beta
- 1.35
MGTX key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMGTX valuation Price multiples at each fiscal year-end price.
Price / sales−38.5%
7.9
2025 · hover or tap a bar for each year
20162025
Free cash flow yield+17.9 pts
−7.8%
2025 · hover or tap a bar for each year
20162025
MGTX returns How much profit the business earns on the capital it uses.
Return on invested capital−77.3 pts
−254.0%
2025 · hover or tap a bar for each year
20162025
Return on assets+5.1 pts
−44.4%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin+267.2 pts
−61.7%
2025 · hover or tap a bar for each year
20162025
Asset turnover+183.7%
0.32
2025 · hover or tap a bar for each year
20162025
MGTX per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+112.3%
$1.01
2025 · hover or tap a bar for each year
20162025
Earnings per share
−$1.42
2025 · hover or tap a bar for each year
20162025
Free cash flow per share
−$0.62
2025 · hover or tap a bar for each year
20162025
Book value per share
−$0.07
2025 · hover or tap a bar for each year
20162025
Shares outstanding+15.2%
80.4M
2025 · hover or tap a bar for each year
20162025
MGTX financial health Debt, liquidity and how easily interest is covered.
Net debt+$41.6M
$22.8M
2025 · hover or tap a bar for each year
20162025
Current ratio−63.2%
0.75
2025 · hover or tap a bar for each year
20162025
Interest coverage
-8.7
2025 · hover or tap a bar for each year
20162025
Debt / assets+15.4%
0.36
2025 · hover or tap a bar for each year
20162025
MGTX efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−122 days
65 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding+964 days
1,268 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle−1,074 days
-1,189 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue−10.2 pts
4.7%
2025 · hover or tap a bar for each year
20162025
MGTX valuation history
Fiscal year-endToday10-year median
MGTX returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MGTX debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MGTX cash returned to shareholders
DividendsBuybacksFree cash flow
MGTX price vs earnings per share
Share price at year-endEPS (right axis)
MGTX key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $639.4M | $425.2M | $396.5M | $294.6M | $1.05B | $571.1M | $663.9M | — | — | — |
| Enterprise value | $662.2M | $406.4M | $356.2M | $271.3M | $933.9M | $383.9M | $459.8M | — | — | — |
| Price / sales | 7.9 | 12.8 | 28.3 | 18.5 | 27.8 | 36.7 | 49.9 | — | — | — |
| Price / book | — | 6.3 | 2.9 | 2.5 | 5.7 | 2.4 | 3.5 | — | — | — |
| Price / free cash flow | — | — | — | — | — | — | 60.0 | — | — | — |
| Price / operating cash flow | — | — | — | — | — | — | 33.1 | — | — | — |
| EV / sales | 8.1 | 12.2 | 25.4 | 17.0 | 24.8 | 24.7 | 34.6 | — | — | — |
| EV / free cash flow | — | — | — | — | — | — | 41.6 | — | — | — |
| Earnings yield | −17.9% | −34.8% | −21.2% | −44.0% | −7.6% | −10.2% | −8.2% | — | — | — |
| Free cash flow yield | −7.8% | −25.7% | −31.7% | −40.1% | −6.3% | −17.7% | 1.7% | — | — | — |
| Dividend yield | — | — | 0.0% | 23.8% | 0.0% | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | — | — | 0.4% | 24.7% | 0.0% | 0.0% | 0.0% | — | — | — |
| Share price at fiscal year-end | $7.95 | $6.09 | $7.02 | $6.52 | $23.74 | $15.14 | $20.02 | $9.64 | — | — |
| Per share | ||||||||||
| Revenue per share | $1.01 | $0.48 | $0.25 | $0.35 | $0.85 | $0.41 | $0.40 | — | — | $0.00 |
| Earnings per share | −$1.42 | −$2.12 | −$1.49 | −$2.87 | −$1.80 | −$1.54 | −$1.65 | — | — | −$1.01 |
| Operating cash flow per share | −$0.58 | −$1.50 | −$1.87 | −$1.62 | −$0.24 | −$1.70 | $0.60 | — | — | −$0.75 |
| Free cash flow per share | −$0.62 | −$1.57 | −$2.22 | −$2.61 | −$1.49 | −$2.68 | $0.33 | — | — | −$0.88 |
| Cash per share | $0.82 | $1.48 | $2.29 | $2.56 | $3.12 | $5.55 | $6.85 | — | — | $0.91 |
| Book value per share | −$0.07 | $0.97 | $2.45 | $2.61 | $4.20 | $6.32 | $5.75 | — | — | −$0.89 |
| Tangible book value per share | −$0.08 | $0.96 | $2.43 | $2.56 | $4.14 | $6.25 | $5.73 | — | — | −$0.89 |
| Dividends per share | — | — | $0.00 | $1.55 | $0.00 | — | — | — | — | — |
| Capex per share | $0.05 | $0.07 | $0.36 | $1.00 | $1.25 | $0.98 | $0.27 | — | — | $0.13 |
| Debt per share | $1.10 | $1.21 | $1.58 | $2.04 | $0.54 | $0.59 | $0.70 | — | — | $0.00 |
| Shares outstanding | 80.4M | 69.8M | 56.5M | 45.2M | 44.1M | 37.7M | 33.2M | — | — | 19.2M |
| Change in shares outstanding | +15.2% | +23.6% | +25.0% | +2.4% | +17.0% | +13.8% | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | −143.5% | −65.7% | −85.5% | −37.5% | −27.0% | −40.3% | −491.9% | — | — |
| Return on invested capital (ROIC) | −254.0% | −176.7% | −112.6% | −110.8% | −93.7% | −259.9% | — | — | — | — |
| Return on assets (ROA) | −44.4% | −49.6% | −26.1% | −40.6% | −23.3% | −16.9% | −26.0% | −135.0% | −128.3% | −86.4% |
| Return on tangible assets | −46.8% | −55.0% | −25.8% | −41.0% | −25.1% | −16.1% | −16.9% | −85.5% | −120.1% | −86.4% |
| Free cash flow margin | −61.7% | −328.9% | −895.6% | −741.6% | −174.4% | −648.9% | 83.2% | — | — | — |
| Financial health | ||||||||||
| Total debt | $88.7M | $84.8M | $89.3M | $92.2M | $23.7M | $22.2M | $23.2M | $34,299 | $1.5M | $11,475 |
| Cash & short-term investments | $65.9M | $103.7M | $129.6M | $115.5M | $137.7M | $209.5M | $227.2M | $68.1M | $8.5M | $17.5M |
| Net debt | $22.8M | −$18.9M | −$40.3M | −$23.3M | −$114.0M | −$187.3M | −$204.1M | −$68.0M | −$7.0M | −$17.5M |
| Debt / equity | — | 1.25 | 0.65 | 0.78 | 0.13 | 0.09 | 0.12 | 0.00 | — | — |
| Debt / assets | 0.36 | 0.31 | 0.27 | 0.29 | 0.07 | 0.06 | 0.07 | 0.00 | 0.06 | 0.00 |
| Current ratio | 0.75 | 2.03 | 2.38 | 1.88 | 2.69 | 5.03 | 5.47 | 4.82 | 0.54 | 3.16 |
| Quick ratio | 0.75 | 2.03 | 2.38 | 1.78 | 2.57 | 4.90 | 5.38 | 4.82 | 0.54 | 3.16 |
| Interest coverage | -8.7 | -12.4 | -10.3 | -23.5 | -252.6 | -449.4 | — | — | -739.2 | -788.7 |
| Working capital | −$30.8M | $62.7M | $92.5M | $72.3M | $115.1M | $218.4M | $219.8M | $59.2M | −$9.9M | $13.0M |
| Invested capital | $17.0M | $49.0M | $97.9M | $94.5M | $71.4M | $51.3M | −$13.3M | $13.0M | −$54.4M | −$34.6M |
| Tangible asset value | −$6.4M | $67.0M | $137.1M | $115.7M | $182.8M | $235.6M | $190.0M | $81.1M | −$47.4M | −$17.1M |
| Net current asset value | −$158.5M | −$78.4M | −$28.9M | −$46.2M | $48.5M | $147.4M | $135.9M | $58.8M | −$61.7M | −$20.6M |
| Graham net-net per share | −$2.12 | −$1.29 | −$0.73 | −$1.31 | $0.75 | $3.43 | $3.75 | — | — | −$1.15 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $0 | $70.0M | $0 | — | — | — | — | — |
| Share buybacks (net) | — | — | $1.5M | $2.8M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends + buybacks / free cash flow | — | — | — | — | — | — | 0.0% | — | — | — |
| Capex / revenue | 4.7% | 14.9% | 143.9% | 282.4% | 146.5% | 237.9% | 67.6% | — | — | — |
| Capex / operating cash flow | — | — | — | — | — | — | 44.8% | — | — | — |
| Capex / depreciation | 0.31 | 0.39 | 1.47 | 5.23 | 7.01 | 8.87 | 4.01 | 5.48 | 15.51 | 10.67 |
| Stock-based compensation / revenue | 27.2% | 75.7% | 197.7% | 179.8% | 55.1% | 118.3% | 119.8% | — | — | — |
| R&D / revenue | 159.3% | 359.0% | 740.4% | 538.5% | 176.9% | 217.9% | 187.1% | — | — | — |
| SG&A / revenue | 65.0% | 162.9% | 337.4% | 292.4% | 116.1% | 284.1% | 351.2% | — | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 64.8 | 186.7 | 682.7 | 734.1 | 437.7 | 1,085.0 | 571.6 | — | — | — |
| Days of inventory on hand | — | 3.0 | — | 339.7 | 352.0 | — | — | — | — | — |
| Days payables outstanding | 1,268.1 | 304.0 | 434.1 | 668.7 | 521.1 | — | — | 897.7 | 2,292.0 | 2,213.6 |
| Cash conversion cycle (days) | -1,188.8 | -114.3 | 356.7 | 405.1 | 268.6 | — | — | — | — | — |
| Receivables turnover | 5.63 | 1.96 | 0.53 | 0.50 | 0.83 | 0.34 | 0.64 | 0.00 | — | — |
| Payables turnover | 0.29 | 1.20 | 0.84 | 0.55 | 0.70 | 0.00 | 0.00 | 0.41 | 0.16 | 0.16 |
| Inventory turnover | — | 123.59 | — | 1.07 | 1.04 | 0.00 | 0.00 | — | — | — |
| Asset turnover | 0.32 | 0.11 | 0.04 | 0.05 | 0.11 | 0.05 | 0.06 | 0.00 | 0.00 | 0.00 |
| Average receivables | $14.5M | $17.0M | $26.2M | $32.0M | $45.2M | $46.3M | $20.8M | $4.5M | — | — |
| Average payables | $16.8M | $19.8M | $16.3M | $16.0M | $11.2M | $5.4M | $3.4M | $5.0M | $4.3M | $1.5M |
| Average inventory | $192,500 | $192,500 | $4.1M | $8.1M | $7.6M | $5.8M | $4.5M | — | — | — |
| Intangibles / total assets | 0.2% | 0.3% | 0.3% | 0.7% | 0.8% | 0.8% | 0.2% | 0.0% | 0.0% | 0.0% |
Computed from MGTX's annual financial statements (latest annual report filed March 30, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
MGTX valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 10.7 and the forward P/E is 64.1. MeiraGTx earned a return on invested capital of −254.0% in fiscal 2025. It ended the year with $88.7 million of debt and $65.9 million in cash and short-term investments, net debt of $22.8 million. The share count rose 318.1% from 19.2M to 80.4M over 9 years.
See the MGTX income statement, the MGTX chart for price history, or the MGTX stock overview for the latest quote and news.
MGTX key metrics FAQ
What is MeiraGTx's P/E ratio?
MeiraGTx's trailing P/E ratio is 10.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 64.1. At the end of fiscal 2025 it was —.
What is MeiraGTx's ROIC?
MeiraGTx's return on invested capital was −254.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does MeiraGTx have?
MeiraGTx had total debt of $88.7 million at the end of fiscal 2025.
What is MeiraGTx's free cash flow yield?
MeiraGTx generated -$50.2 million of free cash flow in fiscal 2025, a free cash flow yield of −7.8% on its market value at year-end ($639.4 million).
What is MeiraGTx's current ratio?
MeiraGTx's current ratio was 0.75 at the end of fiscal 2025: current assets were 0.75 times current liabilities.