CGON (CG Oncology) EV-to-EBIT: -22.83 (As of Aug. 10, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CGON CG Oncology Inc CGON
30 GF Score
Price $76.56
GF Value $139.19
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is CG Oncology EV-to-EBIT?

CG Oncology CGON +1.88% 30 EV-to-EBIT is -22.83 as of Aug. 10, 2026. GuruFocus rates CGON with a GF Score™ of 30/100 and a GF Value™ of $139.19 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 370 Biotechnology companies, CG Oncology ranks worse than 270270% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, CG Oncology's Enterprise Value is $5,766.85 Mil. CG Oncology's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $-252.62 Mil. Therefore, CG Oncology's EV-to-EBIT for today is -22.83.

The historical rank and industry rank for CG Oncology's EV-to-EBIT or its related term are showing as below:

CGON' s EV-to-EBIT Range Over the Past 10 Years
Min: -57.06   Med: -16.73   Max: -4.64
Current: -22.83

During the past 5 years, the highest EV-to-EBIT of CG Oncology was -4.64. The lowest was -57.06. And the median was -16.73.

CGON's EV-to-EBIT is ranked worse than
100% of 370 companies
in the Biotechnology industry
Industry Median: 15.025 vs CGON: -22.83

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. CG Oncology's Enterprise Value for the quarter that ended in Jun. 2026 was $5,247.15 Mil. CG Oncology's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $-252.62 Mil. CG Oncology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -4.81%.


CG Oncology  (NAS:CGON) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

CG Oncology's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=-252.619/5247.151
=-4.81 %

CG Oncology's Enterprise Value for the quarter that ended in Jun. 2026 was $5,247.15 Mil.
CG Oncology's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-252.62 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


CG Oncology EV-to-EBIT Related Terms


CG Oncology EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for CG Oncology's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CG Oncology EV-to-EBIT Chart

CG Oncology Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
0.00 0.00 0.00 -12.58 -13.71

CG Oncology Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.40 -13.77 -13.71 -22.74 -20.77

CGON vs LGND, XENE, PTCT: EV-to-EBIT Comparison

For the Biotechnology subindustry, CG Oncology's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


CG Oncology EV-to-EBIT vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, CG Oncology's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where CG Oncology's EV-to-EBIT falls into.


CGON
30GF Score
CG Oncology Inc CGON
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CG Oncology EV-to-EBIT Calculation

CG Oncology's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=5766.849/-252.619
=-22.83

CG Oncology's current Enterprise Value is $5,766.85 Mil.
CG Oncology's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-252.62 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of -22.83 mean?
CG Oncology (CGON) has a EV-to-EBIT of -22.83 as of Aug. 10, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on CG Oncology and its competitors. According to the industry distribution chart, CG Oncology ranks #999999 out of 370 companies in the Biotechnology industry.
Is CG Oncology's EV-to-EBIT too high?
CG Oncology's current EV-to-EBIT is -22.83. Based on the distribution chart, CG Oncology ranks #999999 out of 370 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, CG Oncology has a GF Score™ of 30/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does CG Oncology's EV-to-EBIT compare to LGND and XENE?
According to the Biotechnology industry distribution chart, CG Oncology ranks #999999 out of 370 companies for EV-to-EBIT. This places CG Oncology in the lower half of its industry. The industry median EV-to-EBIT is 15.03. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Biotechnology company?
The median EV-to-EBIT among Biotechnology companies is 15.03, based on 370 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on CG Oncology and its competitors. For the Biotechnology industry, the median EV-to-EBIT is 15.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CG Oncology's current EV-to-EBIT is -22.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CG Oncology stock overvalued right now?
Based on GuruFocus' analysis, CG Oncology (CGON) is currently considered Possible Value Trap. The stock's GF Value™ is $139.19, compared to a current price of $76.56 — trading 45% below its estimated fair value. The current EV-to-EBIT is -22.83. CG Oncology's overall GF Score™ is 30/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For CG Oncology (CGON), the current EV-to-EBIT is -22.83 as of Aug. 10, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CG Oncology (CGON) Overvalued in 2026?

Based on GuruFocus' analysis, CG Oncology stock appears to be undervalued. The current stock price of $76.56 is trading 45% below its estimated GF Value™ of $139.19. GuruFocus considers CG Oncology to be Possible Value Trap.

Key valuation signals for CGON:

  • EV-to-EBIT: -22.83
  • GF Value™: $139.19 vs. price of $76.56 (45% below fair value)
  • GF Score™: 30/100 with 6 warning signs

No single metric tells the full story. See the CGON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CG Oncology Business Description

Address 400 Spectrum Center Drive, Suite 2040, Irvine, CA, USA, 92618
CG Oncology Inc is a late-stage clinical biopharmaceutical company focused on developing and commercializing its product candidate, cretostimogene grenadenorepvec, for patients with bladder cancer. The company's candidate, cretostimogene grenadenorepvec, is a targeted oncolytic intravesically delivered immunotherapy agent that is in two phase three trials (one high-risk BCG unresponsive NMIBC trial and one intermediate-risk NMIBC trial) and a phase two clinical study with a checkpoint inhibitor for high-risk BCG unresponsive NMIBC disease.
30GF Score

Get the complete analysis for CGON

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$76.56
Price
$139.19
GF Value