Forte BiosciencesFBRX +0.57%34 Market Cap is $435.18 Mil as of Jun. 30, 2026. GuruFocus rates FBRX with a GF Score™ of 34/100. The stock has 2 warning signs investors should review. Among 1,428 Biotechnology companies, Forte Biosciences ranks better than 68.98% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Forte Biosciences's share price for the quarter that ended in Mar. 2026 was $25.9. Forte Biosciences's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 13.91 Mil. Therefore, Forte Biosciences's market cap for the quarter that ended in Mar. 2026 was $360.29 Mil.
Forte Biosciences's quarterly market cap
increased
from Sep. 2025 ($187.86 Mil) to Dec. 2025 ($353.09 Mil) and
increased
from Dec. 2025 ($353.09 Mil) to Mar. 2026 ($360.29 Mil).
Forte Biosciences's annual market cap
increased
from Dec. 2023 ($29.85 Mil) to Dec. 2024 ($145.19 Mil) and
increased
from Dec. 2024 ($145.19 Mil) to Dec. 2025 ($353.09 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Forte Biosciences's Enterprise Value for Today is $376.96 Mil.
Forte Biosciences (NAS:FBRX) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Forte Biosciences Market Cap Related Terms
Forte Biosciences Market Cap Historical Data
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The historical data trend for Forte Biosciences's Market Cap 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.
For the Biotechnology subindustry, Forte Biosciences's Market Cap, along with its competitors' market caps and Market Cap 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.
Forte Biosciences Market Cap vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Forte Biosciences's Market Cap distribution charts can be found below:
* The bar in red indicates where Forte Biosciences's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Forte Biosciences's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Forte Biosciences (FBRX) has a Market Cap of $435.18 Mil as of Jun. 30, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Forte Biosciences and its competitors. According to the industry distribution chart, Forte Biosciences ranks #443 out of 1428 companies in the Biotechnology industry, placing it in the top 31%.
Is Forte Biosciences' Market Cap too high?
Forte Biosciences' current Market Cap is $435.18 Mil. The Biotechnology industry median Market Cap is 119.44. Forte Biosciences' value of $435.18 Mil is 264.3% above this industry median. Based on the distribution chart, Forte Biosciences ranks #443 out of 1428 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Forte Biosciences has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Forte Biosciences' Market Cap compare to AUTL and SGMT?
According to the Biotechnology industry distribution chart, Forte Biosciences ranks #443 out of 1428 companies for Market Cap. This puts Forte Biosciences in the upper half of its industry. The industry median Market Cap is 119.44. Forte Biosciences' value of $435.18 Mil is 264.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Biotechnology company?
The median Market Cap among Biotechnology companies is 119.44, based on 1,428 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forte Biosciences's current Market Cap of $435.18 Mil is 264.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Forte Biosciences and its competitors. For the Biotechnology industry, the median Market Cap is 119.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forte Biosciences's current Market Cap is $435.18 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forte Biosciences stock overvalued right now?
Forte Biosciences (FBRX) has a current Market Cap of $435.18 Mil. The current Market Cap is $435.18 Mil and 264.3% above the Biotechnology industry median of 119.44. Forte Biosciences' overall GF Score™ is 34/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Forte Biosciences (FBRX), the current Market Cap is $435.18 Mil as of Jun. 30, 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.
Forte Biosciences Inc is a clinical-stage biopharmaceutical company that is advancing through preclinical trials its product candidate, FB-102, which is a proprietary anti-CD122 monoclonal antibody therapeutic candidate with potentially broad autoimmune and autoimmune-related indications. The Company is also advancing clinical development of FB102 in patient-based trials for non-segmental vitiligo and alopecia areata.
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